ForexBall™ Rules

1. General provisions 

1.1 The ForexBall™ trading competition consists of 4 Basic rounds and one Final Round which will carried out according to the following schedule:

1.1.1 [Round 1] 21.03.2011 12:00 (London/MetaTrader) – 01.04.2011 21:00 (London/MetaTrader)
1.1.2 [Round 2] 16.05.2011 12:00 (London/MetaTrader) – 27.05.2011 21:00 (London/MetaTrader)
1.1.3 [Round 3] 05.09.2011 12:00 (London/MetaTrader) – 16.09.2011 21:00 (London/MetaTrader)
1.1.4 [Gold Rush] 07.11.2011 12:00 (London/MetaTrader) – 18.11.2011 21:00 (London/MetaTrader)
1.1.5 [Final Round] 05.12.2011 12:00 (London/MetaTrader) – 16.12.2011 21:00 (London/MetaTrader)

1.2 Participants of the ForexBall™ competition must complete the registration procedure in the Trader's Room. Depending on the residing country, they are assigned to one of 7 geographical regions. ForexBall™ rounds [Round 1], [Round 2], [Round 3] are conducted in each region separately. Winners of rounds [Round 1], [Round 2], [Round 3] are established for each region separately. In the additional [Gold Rush] round, only GOLD will be available for trading on contest demo accounts. A united rating table will be generated for all participants from 7 geographical regions and there will be only 5 winners of the [Gold Rush] round.

1.3 Each ForexBall™ round is a separate competition of participants from following groups of countries that are consolidated in divisions based on geographical regions:

1.3.1 Russia & CIS: Russia, Ukraine, Belarus, Moldova, Georgia, Armenia, Azerbaijan, Kazakhstan, Uzbekistan, Turkmenistan, Tajikistan, Kyrgyzstan.

1.3.2 Eastern Europe: Poland, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Serbia, Croatia, Slovenia, Bosnia and Herzegovina, Macedonia, Montenegro, Albania, Greece, Cyprus, Turkey, Israel.

1.3.3 Western & Northern Europe: United Kingdom, Ireland, France, Belgium, Luxembourg, Netherlands, Germany, Austria, Switzerland, Liechtenstein, Italy, San Marino, Monaco, Malta, Andorra, Sweden, Denmark, Norway, Iceland, Finland, Estonia, Latvia, Lithuania.

1.3.4 Ibero-America: Spain, Portugal, Argentina, Bolivia, Brazil, Venezuela, Colombia, Paraguay, Peru, Uruguay, Chile, Ecuador, Panama, Costa-Rica, Nicaragua, Honduras, El Salvador, Guatemala, Mexico, Cuba, Dominican Republic.

1.3.5 East & Southeast Asia: China, Taiwan, Hong Kong, Macao, Mongolia, Korea, Japan, Malaysia, Indonesia, Singapore, Brunei, East Timor, Thailand, Philippines, Vietnam, Cambodia, Laos, Myanmar.

1.3.6 Rest of the world: This Division consists of countries that are not listed in any previous Division.

1.4 Each round opens and closes according to the above schedule.

1.5 All trading operations are performed with "virtual" money on the special ForexBall™ demo contest accounts which are opened separately for each round of the competition. Each participant opens ForexBall™ demo contest accounts online from his personal Trader's Room.

1.6 Participation in the contest is completely free of charge.

1.7 Everyone is welcome to participate, except for employees of Admiral Markets ("AM") and their respective relatives and dependents, Introducing Brokers of AM, Referrals and Agents of AM, employees of other brokerage companies, dealing centres and banks as well as their respective relatives and dependents.

1.8 Contest accounts remain inactive ("Disabled") until the scheduled beginning of the corresponding round.

1.9 Each participant agrees that its chosen pseudonym ("nickname"), country of residence, and account's equity data may be published in the rating table at www.admiralmarkets.com and in all site versions. Each prize winner agrees that its name, surname and transaction history may be displayed in the detailed statement linked to its respective nickname in the final rating of the contest round.

2. Registration in the ForexBall™ competition

3. Terms for trading on ForexBall™ demo contest accounts

4. Establishing winners and prize distribution for each round

4.1. Establishing the winners of each round occurs as follows:

4.1.1 after the round has closed, Admiral Markets forms the winners list in each of the 6 divisions. In the case of the Gold Rush round, there are no separate divisions.

4.1.2 Only participants satisfying the following conditions may claim prizes:

a) Participant's account balance at the end of the round must exceed the value of their initial balance;

b) The participant has not been disqualified.

4.1.3 The larger the contestant's balance is, the higher their ranking. In case two or more contestants have equal balances, the higher position is granted to the contestant who has a larger cumulative amount of completed deals for that round.

4.1.4 If there are no participants who correspond to the above-stated conditions, it is considered that there are no winners in that round.

4.1.5 Within 96 hours of the round closing, AM publishes the final Top 5 ratings of the round in the "Company News" section at www.admiralmarkets.com and links detailed statements to respective nicknames in the online rating.

4.1.6 In the event of a participant's cumulative trade size being below 10 lots in a round, such participant may not claim prizes in that corresponding round.

4.2 Prize funds in the [Round 1], [Round 2], [Round 3] rounds are distributed between the Top 5 participants in each of the 6 divisions as follows:

4.3 In the additional [Gold Rush] round of the ForexBall™ competition, the united rating table will be generated for all participants from the 6 divisions and there will be only 5 winners of the [Gold Rush] round. Prize funds in the [Gold Rush] round are distributed between the 5 winners according to 4.2 table.

5. Establishing the winners and the prize distribution in the Final Round

5.1 According to item 4.1.1 of the present rules, after establishing the winners in each of the rounds, the Final Round of the ForexBall™ competition will be carried out.

5.2. The winners in each of the 4 rounds (item 4.2) can participate in the Final Round. The total number of participants of the Final Round will not exceed 125 participants.

5.3. A minimum of 3 days prior to the beginning of the Final Round, a special ForexBall™ demo contest account is opened for each of the participants. Each account is given a virtual deposit amount of $5,000 with a margin rate of 1% (i.e. leverage 1:100). Access data for these accounts in MetaTrader 4 (i.e. login and password) are sent to each participant by e-mail to the address that was provided during registration.

5.4. Establishing winners and the prize distribution after the Final Round occurs as follows:

5.4.1 after the Final Round has closed, Admiral Markets forms the ranking list of applicants for prizes.

5.4.2 Only participants satisfying the following conditions can claim prizes:

a) Account's balance at the end of the Final Round must exceed the value of their initial balance.

b) The participant has not been disqualified.

5.4.3 The larger the contestant's balance is, the higher their ranking. In case two or more contestants have equal balances, the higher position is granted to the contestant who has a larger cumulative amount of completed deals for that round.

5.4.4 If there are no participants who correspond with the above-stated conditions, it is considered that there are no winners in the Final Round.

5.4.5 Within 96 hours of the round closing, AM publishes the final Top 5 ratings of the round in the "Company News" section at www.admiralmarkets.com and links detailed statements to respective nicknames in the online rating.

5.4.6 In the event of a participant's cumulative trade size being below 10 lots in the Final Round, such participant may not claim prizes for the Final Round.

5.5 Prize funds are distributed between the Top 3 participants of the Final Round as follows:
 

 6. Awarding winners after each round of the competition

7. Disagreements and complaints

8. Miscellaneous