GT247.COM #TradeWars Terms and Conditions

Transcription

1 GT247.COM #TradeWars Terms and Conditions 1

2 [GT247.com] [#TradeWars Terms and Conditions] 1 INTRODUCTION 1.1 #TradeWars is the weekly and monthly trading competition offered by GT247 Proprietary Limited trading as GT247.com ( GT or we or us ) ( #TradeWars ). There are also prizes available for successful referrals. 1.2 #TradeWars is subject to the terms and conditions set out below and is subject to and must be read together with the GT Terms and Conditions. All your trading in respect of #TradeWars is subject to the GT Terms and Conditions. 1.3 It is important that you read and understand these terms and conditions before participating in #TradeWars. 1.4 The clauses in these terms and conditions that require your careful consideration are in bold font. You acknowledge that you have read and appreciated the importance of the terms and clauses in bold font. 1.5 By participating in #TradeWars, you agree to be bound by these terms and conditions. 2 #WEEKLYTRADEWAR 2.1 The weekly #TradeWars competition ( #WeeklyTradeWar ) starts on Monday, 24 September 2018 at 00:05 GMT and will run every week for 10 (ten) consecutive weeks until Friday, 30 November 2018 at 23:45 GMT ( #WeeklyTradeWar Period ). 2.2 For every week during the #WeeklyTradeWar Period, GT will be giving away R5000 ( Weekly Prize ) to the person who has attained the highest percentage gain (see clause below) at the end of each week subject to these terms and conditions. For the purposes of a #WeeklyTradeWar, a week starts on a Monday at 00:05 GMT ( Week Start Date ) and ends on the Friday at 23:45 GMT ( Week End Date ) ( Week ). 2.3 How to enter per Week? You must have a live trading account with GT on the MT5 platform (ie you may not participate using a demo account). This could be your Rand (ZAR) ( ZAR GT Account ) or your Dollar (USD) denominated account ( USD GT Account ) with GT ( GT Account means either your ZAR GT Account or your USD GT Account as the context requires) In order to be entered into the #WeeklyTradeWar, each Week you are required to: have a minimum of R500 equity in your ZAR GT Account or a minimum USD50 equity in your USD GT Account as at the Week Start Date; and have made at least 3 (three) trades using your ZAR GT Account and/or USD GT Account on any instrument available on the MT5 platform between the Week Start Date and the Week End Date (for the purposes of these terms and conditions, if you open a position that will constitute 1 (one) trade and if you close a position that will constitute another trade). 2.4 How to win? The person who meets the entry requirements set out in clause 2.3 above and has the highest total percent gain (see clause below) on their GT Account by the Week End Date in a Week will win the Weekly Prize deposited into their GT Account If there is a draw (ie there is more than one person who qualifies to win the Weekly Prize), the Weekly Prize will be split equally between each person who qualified to win the Weekly Prize. 2 GT247.COM SEPTEMBER 2018

3 2.4.3 The Weekly Prize will be deposited into the winner(s) s GT Account within 7 (seven) business days from the applicable Week End Date If you win the Weekly Prize by trading via your USD GT Account, you will receive the USD equivalent to the Weekly Prize calculated at the prevailing USD/ZAR exchange rate at the time of depositing the Weekly Prize into your USD GT Account For the purposes of this clause 2.4, total percentage gain is equal to daily percentage gain, compounded daily for the applicable Week. percentage gain is equal to: ((closing equity + total sum of withdrawals) / (opening equity + total sum of deposits)) There is no limit on how many times a person may win the Weekly Prize during the #WeeklyTradeWar Period The winner(s) of the Weekly Prize may not withdraw the Weekly Prize or any portion thereof for 3 (three) months from the date that the Weekly Prize was received into their GT Account. 3 #MONTHLYTRADEWAR 3.1 The monthly #TradeWars competition ( #MonthlyTradeWar ) starts on Monday, 1 October 2018 at 00:05 GMT and will run for 2 (two) consecutive months until Friday, 30 November 2018 at 23:45 GMT ( #MonthlyTradeWar Period ). 3.2 Each month during the #MonthlyTradeWar Period, GT will be giving away R ( Monthly Prize ) to the person who has attained the highest total percentage gain (see clause below) at the end of the each month subject to these terms and conditions. For the purposes of the #MonthlyTradeWar, a month starts on the first day of the month at 00:05 GMT ( Month Start Date ) and ends on the last Friday of the month at 23:45 GMT ( Month End Date ) ( Month ). 3.3 How to enter per Month? You must have a live GT Account on the MT5 platform In order to be entered into the #MonthlyTradeWar, each Month you are required to: have a minimum of R5000 equity in your ZAR GT Account or a minimum of USD500 equity in your USD GT Account as at the Month Start Date; and have made at least 12 (twelve) trades using your GT Account on any instrument available on the MT5 platform by the Month End Date (for the purposes of these terms and conditions, if you open a position that will constitute 1 (one) trade and if you close a position that will constitute another trade). 3.4 How to win? The person who meets the entry requirements set out in clause 3.3 above and has the highest total percent gain (see clause below) on their GT Account by the Month End Date in a Month will win the Monthly Prize deposited into their GT Account If there is a draw (ie there is more than one person who qualifies to win the Monthly Prize), the Monthly Prize will be split equally between each person who qualified to win the Monthly Prize. 3

4 3.4.3 The Monthly Prize will be deposited into the winner(s) s GT Account within 7 (seven) business days from the applicable Month End Date If you win the Monthly Prize using your USD GT Account, you will receive the USD equivalent to the Monthly Prize calculated at the prevailing USD/ZAR exchange rate at the time of depositing the Monthly Prize into your USD GT Account For the purposes of this clause 3.4, total percentage gain is equal to daily percentage gain, compounded daily for the applicable Month. percentage gain is equal to: ((closing equity + total sum of withdrawals) / (opening equity + total sum of deposits)) There is no limit on how many times a person may win the Monthly Prize (for example, the same person could win the Monthly Prize in both Months during the #MonthlyTradeWar Period) The winner(s) of the Monthly Prize may not withdraw the Monthly Prize or any portion thereof for 3 (three) months from the date that the Monthly Prize was received into their GT Account. 4 #REFER&EARNWAR 4.1 Each person participating in the #WeeklyTradeWar and/or #MonthlyTradeWar ( Referrer ) will get R250 ( Referral Fee ) deposited into their GT Account for every person who they refer (using our designated referral tools) who successfully participates in a #TradeWar (ie the #MonthlyTradeWar and/or the #WeeklyTradeWar). This means that if a Referrer successfully refers a person into both the #WeeklyTradeWar and the #MonthlyTradeWar, the Referrer will earn R500 this is R250 for each #TradeWar which the person referred successfully participated in. 4.2 A successful referral means that the person referred met the entry requirements set out in clause 2.3 and/or clause 3.3. For example, a successful referral into the #WeeklyTradeWars means that the person referred (i) has a live GT Account and (ii) has R500 equity in their GT Account as at the Week Start Date and completed 3 trades by the Week End Date. 4.3 Referral Fees will be paid into the GT Accounts of the relevant Referrers within 7 (seven) business days at the end of each Week and/or Month, as applicable. If you qualify for Referral Fees using your USD GT Account you will receive the USD equivalent to the Referral Fee calculated at the prevailing USD/ZAR exchange rate at the time of depositing the Referral Fees into your USD GT Account. 4.4 Referrers may not withdraw any of their Referral Fees for 3 (three) months from the date that such Referral Fees was received into their GT Account. 5 #REFER&EARNWARBONUS 5.1 The person who earns the most Referral Fees in the #Refer&EarnWar at the end of the #WeeklyTradeWar Period and the #MonthlyTradeWar Period will win R deposited in their GT Account ( Top Referrer Prize ). 5.2 If there is a draw (ie there is more than one person who qualifies to win the Top Referrer Prize), the Top Referrer Prize will be split equally between each person who qualified to win the Top Referrer Prize. 5.3 The Top Referrer Prize will be deposited into the winner(s) s GT Account within 7 business days from the end of the #WeeklyTradeWar Period and the #MonthlyTradeWar Period. 4

5 5.4 If you win the Top Referrer Prize using your USD GT Account you will receive the USD equivalent to the Top Referrer Prize calculated at the prevailing ZAR/USD exchange rate at the time of depositing the Top Referrer Prize into your USD GT Account. 6 LEADERBOARD 6.1 All participants in #TradeWars will be able to track their daily progress and monitor their standings on the leader boards visible on the GT Platform ( Leader Boards ). There will be three Leader Boards. The Leader Boards will only show: the top ten participants in the #WeeklyTradeWar and the #MonthlyTradeWar, respectively, based on the percentage gains reflected in their GT Accounts; and the number of successful referrals made by each participant in the #Refer&EarnWar. 6.2 You acknowledge that by participating in #TradeWars and by trading with us you will be providing us with personal data, which may be protected by data protection legislation, including amongst others, the Protection of Personal Information Act, 2013 ( POPI ). Notwithstanding the provisions of POPI, you authorise us to: process all such personal data; publish the personal data such as you name and first letter of your surname, or your unique user ID (your Alias ) (given to specifically for the purposes of #TradeWars) and the percentage return in your GT Account on the Leader Boards for the purposes of clause 6.1 above; and use your name and image in any publicity material related to #TradeWars. 6.3 Notwithstanding clause 6.2.3, the winner(s) of any of the prizes contemplated in #TradeWars has the right to decline the use of his/her image in our marketing material by notifying us via an prior to the end of the #TradeWars competition. 7 GENERAL 7.1 You acknowledge that we may stop you from participating in #TradeWars in our sole and absolute discretion and need not give reasons for our decision. 7.2 You may at any time terminate your participation in #TradeWars by sending clicking Surrender on the platform ( Termination Notice ). On receipt of your Termination Notice, we will immediately terminate your participation in #TradeWars. 7.3 You may re-instate your participation in #TradeWars at any time following a voluntary termination as contemplated in clause 7.2 by sending us an to supportdesk@gt247.com and we will re-instate your participation with #TradeWars. 7.4 We may, at any time and in our sole discretion, amend these terms and conditions. The amendment will be effected by publishing the new version of these terms and conditions on our website and will apply to #TradeWars on the date of publication on our website. You acknowledge that by 5

6 continuing to participate in #TradeWars, you agree to be bound by any new version of these terms and conditions. 7.5 In no event will GT be liable for any tax consequences that may arise if you participate in #TradeWars and/or when you receive any prizes or referral fees contemplated in these terms and conditions. You must obtain your own tax advice in this regard. 7.6 GT reserves the right to cancel #TradeWars at any time, or to replace it with another competition, as the case may be, by publishing same on our website or on written notice to you. 7.7 The prizes contemplated in these terms and conditions are not transferable. 7.8 GT shall not be liable for, and you hereby indemnify GT against, claims for any loss, expense or damage which you may suffer, howsoever such loss, expense or damage may arise or be suffered, in respect of your participation in #TradeWars or your receipt of any prizes or referral fees contemplated in these terms and conditions. 7.9 The above indemnity will not extend to any loss, expense or damage which arises as a result of the misconduct or negligence of GT or any director, employee or officer of GT We make no representations or warranties about #TradeWars and/or the prizes or referral fees of any kind, express or implied, including any warranties as to fitness for a particular purpose GT is not responsible for inaccurate competition and/or prize details supplied to you by any third party who is not a representative or authorised by GT and connected with this competition You acknowledge and agree that the copyrights, trademarks, service marks and all other intellectual property or other rights to any information distributed to or received by you whether sent by us or on our behalf, by any means (including but not limited to by internet electronic communication or mobile phone), together with any advertising media, website or other material connected to the GT Platform and #TradeWars, will remain our sole and exclusive property. You will not permit or facilitate, and will take steps to prevent any sale, re-distribution, dissemination, re-publication or re-display of the information referred to in this clause 7.12, however received, to any third party No indulgence by a party to another party, or failure to enforce these terms and conditions, will be interpreted as a waiver If any clause of these terms and conditions is illegal or unenforceable, that particular clause may be cancelled and the remaining clauses of these terms and conditions will still operate. 6