This Bonus Promotion (hereinafter the “Promotion”) is offered by GVD MARKETS Capital Ltd., a limited liability company incorporated and registered under the laws of Comoros, with Company number HY00723419 and a registered address at Bonovo Road – Fomboni Island of Mohéli – Comoros Union (hereinafter the “Company” and/or “GVD Markets” and/or “we” and/or “our” and/or “us”). The Company is authorised, regulated by the Mwali International Services Authority (the “MISA”) and operating as a Securities Dealer Licensee under the FSA License number T2023331.
By participating in this Promotion, you agree to be bound by the Terms and Conditions (the “Terms”) as set out below as well as the Company’s Client Agreement.
The Company has the right to review and amend the current Promotion at its discretion and at any time it considers suitable and appropriate.
Eligible Participants：
All clients that have a fully verified trading account make a minimum deposit of USD$ 1000 to a trading account without any deposits or trading history.
Registration to the competition:
Client’s must make a deposit of at least USD$ 1000 and email marketing@gvdmarkets.com to apply. The application must be sent from the client’s registered email address and include the account number of the participating account.
Awards:
This competition is divided into four (4) stages. Stages 1-3 refer to each calendar month from July to September. Stage 4 is the final ranking after accumulating the results of the first 3 stages. The first three stages will receive the awards from the category “monthly awards” according to their ranking. The winners of the fourth stage will receive awards from the category “overall raking.”
Awards list:
Place | Overall Ranking ($) | Monthly Competition ($) |
1 | “Cyprus Apollo Football Observation Tour” or 10,000 | 5,000 |
2 | 8,000 | 2,000 |
3 | 6,000 | 1,000 |
4 | 5,000 | 800 |
5 | 3,000 | 600 |
Competition result calculation rules:
- The profitability’s calculation of the participating accounts will be made based on the following formula:
(final balance – cumulative deposit) / cumulative deposit*100 %
Examples:
- Gross Deposits: USD$ 10,000.
Withdrawal amount: USD$ 3,000
Net Deposits: USD$ 7,000.
Internal transfer: USD$ 2,000
Rebate: USD$ 3000
Bonus: USD$ 500
Balance: USD$ 35,000
Total cumulative deposits= 10000+2000+3000+500= USD$ 15 500
35000-15500/15 500*100% = 125%
- Initial Deposit:USD$ 10,000
Second Deposit: USD$ 5,000
Internal transfer: USD$ 1,000,
Balance: USD$ 88,000
[88000 – (10000 + 5000 + 1000)]/ (10000 + 5000 + 1000) = 450%.
Initial balance = the amount of deposit in the account at the time of registration
Final balance = actual balance in the account at the end of the competition
Deposit = accumulated deposit in the account during the tournament (including internal transfer of funds)
Cumulative deposit: includes transfer of funds, rebates, bonuses, deposits.
- The minimum deposit required for this competition account is USD$ 1,000. For each additional USD$ 1,000 deposit during the competition period, the yield can be increased by 1%. Deposits under USD$ 1,000 will not be calculated for the purposes of the yields increase.
For example
Initial Deposit: USD$ 1, 000
Additional Deposits: 14* USD$ 1,000= USD$ 14, 000
Yield: 450%
Total yield: 450%+14%= 464%.
- Stage ranking points system
At the end of each stage, the top five performing clients will be ranked according to their yield and win the prizes of the monthly winner category. The best performer will get 20 points and each lower position will get 1 point less. Clients that finish under the 20th position will not get any points. After the end of the third stage, the total points for each competitor will be accumulated. The five (5) best performing clients overall will win the prizes of the overall raking category.
For example
Ranking | Client A / place and points per stage | Client B/place and points per stage |
1st Stage | 1st place/ 20 points | 2nd place/19 points |
2nd Stage | 8rd place/ 13 points | 1st place/ 20 points |
3rd Stage | 4th place/17 points | 1st place/ 20 points |
4th Stage | 50 points | 59 Points |
The client with the highest number of points at the end of the third stage will be the second “Road to the Top” Live Trading Competition overall winner and will win the “Cyprus Apollo Football Observation Tour or 10,000” prize. The client with the second highest number of points will win the second prize in the category “overall winner” etc.
Details of the Competition:
- All verified clients that open a new trading account or use an existing trading account without any previous deposit or trading history and make a separate new deposit of at least USD$ 1000, are eligible to participate in the competition. Transfer of funds between the client’s own accounts, or transfer of rebate or transfer of bonus does not qualify as an initial deposit to enter the competition.
- Clients need to submit a competition registration application within 24 hours after the initial deposit into the registration account. If they fail to register within the time limit, they need to provide a new account and a new deposit if they want to register again.
- Clients can only participate in the competition after they receive a confirmation email.
- Orders that will be open for less than 3 minutes will not be included in the profit calculation.
- All calculations will be made based on the account’s balance and not based on the account’s equity.
- During the competition, clients can withdraw funds from the participating account, but for the calculation of the final profit percentage (%), the gross deposits, including internal transfers will be considered.
- During the competition, all commission transfers, internal transfers, bonuses, and other funds deposited in the account will be calculated into the total deposits of the account.
- Only one trading account with the same IP address is allowed to participate. GVD Markets reserves the right to disqualify all trading accounts under the same IP address if more than one account is found to participate in the competition.
- Only one trading account under the same natural or legal person is allowed to participate.
- GVD Markets will publish the latest results of the previous week in the “News-Trading Competition” section of its website every Tuesday at 23:59(MT time). This will be postponed to next week in case of the holidays.
- After the competition’s completion, GVD Markets will announce the winners within 10 working days.
- The winners will receive their prizes within 15 working days after the announcement of the competition’s results.
- The prices will be credited into the client’s participating account and can be withdrawn.
- The clients agree that upon receiving their awards will be interviewed by GVD Markets and agree to have some of their personal information (such as but not limited to name and country) posted on GVD Markets’ website and social media.
- If the winner of the competition chooses the “Cyprus Apollo Football Observation Tour”, the company will send a business invitation letter and assist clients in handling relevant procedures, and provide free airfare, accommodation, and VIP tickets for watching the game. If the client chooses a cash prize or is unable to watch the game on site due to force majeure, a cash reward of the same level will be issued to the client.
- The competition will open for registration on July01, 2024, and will be held from 00:00, July 1, 2024, to 23:59, September 30, 2024, (MT Time).
Indemnity.
The Client will indemnify and keep the Company always indemnified in respect of all liabilities, costs, claims, demands and expenses of any nature whatsoever which the Company suffers and/or incurs as a direct or indirect result of any failure by the Client to perform any of his/her obligations under these Terms.
No Liability.
The Company will not be liable to the Client with respect to any subject matter of these Terms under any contract, negligence, tort, strict liability and/or other legal or equitable principle for any indirect, incidental, consequential, special, general or exemplary damages (including without limitation, loss of revenue or goodwill, or anticipated profits, or lost business) even if the Company have been advised of the possibility of such damages.
Alteration, amendment, suspension, termination, or cancellation.
The Client acknowledges that the Company has the right, as in its sole discretion deem fit, to alter, amend, suspend, cancel or terminate the Promotion, or any part or aspect of the Promotion and/or the Client’s participation in the Promotion at any time and in its sole and absolute discretion. Under no circumstances shall the Company be liable for any consequences of any alteration, amendment, suspension, cancellation, or termination of the Promotion.
Dispute or Misinterpretation.
In the event of any dispute or misrepresentation of the above applicable Terms, such dispute or misinterpretation shall be resolved in good faith and as the Company shall, in their sole and absolute discretion, deem fit and proper. The Company’s decision shall be final and binding.
Disclaimer & Risk Warning
- Trading forex，CFD and their derivatives carry high risks, it is imperative to prudently manage your risk.
- Clients must consistently monitor their available margin. In cases of insufficient margin, prompt action is required to prevent automatic account closure. GVD Markets disclaims responsibility for any risks arising from such situations.
- GVD Markets disclaims responsibility for any issues or losses that participants may encounter during the activity (including but not limited to trading losses caused by market fluctuations, automatic closure due to insufficient margin, losses incurred by referring to a strategy or following a trade, etc.).
- GVD Markets reserves the right to determine whether traders are eligible to participate in this activity.
- GVD Markets reserves the right to disqualify participants from receiving any prizes if the following situations arise:
- Conspiracy, collusion, and other malicious trading strategies for profit exploitation.;
- Simultaneous transactions using accounts with the same IP address or association, arbitrage, and malicious hedging with multiple accounts.
- Improper trading methods such as high-frequency trading arbitrage and delayed quotation arbitrage.
- Suspected abuse of trading activity.
- Any termination of partnership due to improper trading methods (cancellation of activity qualifications, recovery of improper profits, etc.) shall be borne by the improper trader, and the judgment criteria for trading methods shall be fully determined by GVD Markets. In addition, due to the protection of client privacy and rights, GVD Markets may not be able to provide relevant proof.
- Participants are obligated to carefully read the terms and conditions. Registration implies understanding and acceptance of these terms. In case of future improper trading behavior, participants have no right to post damaging comments on GVD Markets’ reputation through any social media or channels. Failure to comply will result in legal responsibilities for the improper trader and related individuals.
*The final interpretation rights of this activity belong to GVD Markets.
Governing Language. The Client accepts and understands that the Company’s official language is the English language. Any translated version of any legal document and/or communication may be provided solely for convenience purposes. In the event of a dispute, the English language version shall prevail. The Client should always refer to the legal documents posted on the official website of the Company for all information and disclosures about the Company and its activities.
Risk Warning: Forex and CFD trading carry significant risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.