Terms And Conditions
1. General Terms
Atlas Capital Financial Services Limited is authorised and regulated by CySEC (license no. 085/07) and by the FSA (license no. 480859)..
Atlas Capital FX is a trade name of Atlas Capital and a subsidiary of Atlas Bank. ACFX is the official sponsor of Forex Competitions which also has the support of Atlas Group of companies.
Forex Competitions is a platform that will host various types of Forex contests and users will have the opportunity to participate only when they register to the website.
As a starting project, Forex Competitions will offer only Demo contest to its users and intends to grow along the way with more exciting and interactive proposals.
2. Registration / Account
Participation in our brand’s competitions requires registering as a user. In order to register, the user has to fill out correctly and completely the relevant application form containing the following details: first name and surname; username, password and country of residence; e-mail address; phone number, date of birth; Forex Competitions reserves the right to execute users with false particulars from participating in the competitions offered and to refuse them the payment of any winnings. To verify the validity of particulars, the company reserves the right to use data services of companies registered, licensed and audited by jurisdictions and data privacy laws within the EU. On ACFX request, the user is obliged to produce satisfactory proof of identity (copy of passport, copy of driver’s license or a copy of their identity card) as well as any other document enabling full customer verification (recent utility bill or bank statement). Failure to produce valid documents may result in an account and payment block.
Every user may hold only one account. Users that already registered are not allowed to register as a new user under another name or with another e-mail address. If the company verifies links between user accounts, it shall presume the existence of multiple registrations and therefore a violation of these Terms and Conditions. In such cases, the company is entitled to withdraw the client from the competition(s), and stall any winnings and invalidate any bonuses claimed.
The presumption of multiple accounts can only be counteracted if the user is able to verify without doubt that the account holders are different people and that all stipulations in these Terms and Conditions have been met.
Different users using the same IP address to login and/or to trade on the account will be considered as same user, and thus the accounts will be terminated.
The user may cancel any marketing and promotional material, such as newsletter subscription and e-mails, which are sent to him by the company at any time. This can be achieved by sending your request by email at email@example.com Please keep in mind that due to administrative reasons, it could take up to 24 hours for this request to be processed.
The individual will be able to deactivate his/her account at any time he/she wishes to by sending their request by email at firstname.lastname@example.org If the account is deactivated and the user wishes to re-activate it again, the process may take up to 24 hours.
3. Payment method and Prizes
Prize funds will be deposited in the ACFX live account of the individual. In order to receive the prize, the winner should open a real/live account with ACFX (unless the winner already has an account) and deposit at least $50 in that account to activate it.
Prize winners will be asked to participate in Forex Competitions PR division, which includes interviews, photo-reports and the public notification through mass-media about the results of the competition. We will not reveal any personal information (real name etc) without participant’s consent.
When winning any prize from competitions, the individual must submit photocopies of their ID or Passport within 5 days, Forex Competitions reserves the right to request additional documents or procedures in order to verify the winners’ identity.
In order for the winner to withdraw his money from the live account, the individual must provide all valid documentations required to withdraw money from a normal account as per ACFX normal terms and conditions. Also for every $10 to be converted to balance client must at least trade 1 lot. Only after the credit is converted to balance, the client can withdraw.
4. Disagreements and Complaints
All complaints have to be made via email, phone and live chat.
Complaints connected with the failure to conduct a trading operation on a contest account because of low internet connection (either on the side of the participant or on the side of ACFX’s hosting provider) are not accepted.
During disputes, the ACFX decision is final. ACFX takes into consideration the “Terms and Conditions”.
ACFX retains the right to close or cancel the competition at any time because of unexpected or unusual circumstances.
ACFX excludes any participation of US clients and British Columbia clients in any type of activity in Forex Competitions website.
It is the responsibility of the participant who has won prize money to pay taxes on their winnings in accordance with the respective laws of their country/region.
If for any reason the competition is cancelled before the end of the official date, the rankings of participants at the moment of termination of the competition will not be considered as the basis for establishing winners.
ACFX retains the right to change the competition rules if unforeseen circumstances should arise or if an obvious error has been found.
The final results of completed rounds cannot be reserved.
* Risk Warning
CFD’s and Foreign Exchange (FX) traded on margin carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.