Terms and Conditions – Trading Challenge
1. Introduction
By participating in the Trading Challenge, you agree to the following terms and conditions. Please read these terms carefully before engaging in the challenge. If you do not agree to these terms, you should not participate in the challenge.
2. Challenge Overview
The Trading Challenge is designed to test participants’ market forecasting skills by predicting the outcomes of selected trades. The challenge involves forecasting the movement of various currency pairs within a defined timeframe.
The challenge is intentionally designed to be difficult, with a low probability of success. Participation is at your own risk, and we do not guarantee any level of success or funding.
3. Eligibility
Participants must be at least 18 years old to participate. By joining, you confirm that you meet the legal age requirement in your jurisdiction.
Participants from the United States are not permitted to use trading platforms such as MetaTrader 4 (MT4) or CFDs to comply with U.S. regulatory guidelines. Instead, U.S. participants will be provided with alternative options, such as DX (Derivatives Exchange), to ensure compliance.
4. Submission Guidelines
Participants must submit their forecasts through the provided form. Each participant is allowed one submission. Once a forecast is submitted, it is final and cannot be modified. The deadline for submissions is 12am GMT on Thursday of each week. Any submissions made after this time will automatically roll over to the next week's challenge.
5. Challenge Structure
Participants must forecast the direction and movement of selected currency pairs for the upcoming trading period. The challenge is based solely on skill and market knowledge.
6. Scoring System
Participants' forecasts will be evaluated based on the accuracy of their predictions. Scoring will be based on the correct direction (bullish or bearish) and the percentage movement of each currency pair. Results will be sent via email at the end of each week.
7. Funding and Prizes
The Trading Challenge offers funding to participants who successfully meet the challenge criteria. Funding will be provided in accordance with the accuracy of the participant's forecasts, as determined by our review process.
In the event that a participant passes the challenge and qualifies for funding, verification of identity and compliance with applicable regulations will be required before any funds are provided. We reserve the right to refuse funding if any fraudulent activity is detected or if participants do not meet eligibility criteria.
8. Restrictions
Participants from jurisdictions where trading in certain instruments is restricted (such as the U.S.) must adhere to local regulations and use alternative platforms as instructed.
Participants are not permitted to submit multiple entries under different accounts.
Submissions that are incomplete or incorrect will be disqualified.
9. Liability
Forexchallenge.net assumes no responsibility for any losses incurred during participation in the challenge. Trading involves risk, and participants should only engage with funds they are prepared to lose.
Forexchallenge.net will not be held liable for technical issues, delays in submissions, or any errors in data provided during the challenge. We reserve the right to modify or cancel the challenge at any time.
10. Amendments
We reserve the right to update or amend these Terms and Conditions at any time. Any changes will be communicated through the official challenge website.
11. Contact Information
If you have any questions or require support, please contact us at
[email protected].
