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Determination of Winners On the last day of each Round, all Participant Accounts will be marked to market at 5:00 p.m. ET to determine the closing account balance and final profit or loss (P&L) percentage. Open positions need not be liquidated for purposes of determining the Winners. The final percentage gain for each Participant will be determined by the following formula: ending balance – (initial margin balance + deposits and interest) Intra round withdrawals will reduce your ending balance and therefore negatively affect your return. The three Participants with the highest percentage gain during each Round will be named the Winners and awarded cash prizes. Winners may withdraw their Prize at any time. All taxes related to the Prize are the sole responsibility of the winners. At the start of each Round, the slate is wiped clean and all eligible Participants have an opportunity to compete in the next Round. Previous Winners will not be eligible to participate in future Rounds. Winner Notification Winners will be notified by email to the email address of record. Winners' names and trading results will be posted to our website at www.Forex.com. Use of Contest for Promotional Purposes In order to receive a Prize, Winners must be willing to let their first name, last initial, city/country of residence and trading record be published and/or distributed by Sponsor (including its agents and affiliates) during and after the life of the contest Miscellaneous The Contest is subject to all applicable laws in the United States. Void where prohibited or restricted by law. In the event of a tie, the prize value will be split equally amongst the tied Participants. Employees of Sponsor, its subsidiaries, affiliates, suppliers or their immediate families are not eligible. Persons employed by a firm whose principle business is online foreign exchange trading its subsidiaries, affiliates or their immediate families are not eligible. By entering, contestant agrees to abide by these Official Rules and the decisions of the Sponsor, which are final and binding. Sponsor, in its sole discretion, may prohibit entrants from participating in the Contest and disqualify entries if they attempt to enter the Contest through means not described in the rules, misrepresent themselves in any way on their FOREX.com trading application, attempt to disrupt the Contest or circumvent the rules, or act in an un-sportsmanlike manner or with intent to annoy or harass any other Participants or Sponsor(s). Sponsor reserves the right to amend, waive or interpret any rule in its sole discretion when doing so would be in the best interests of the contest. Sponsor reserves the right to shorten or extend the Contest period or to cancel the contest if Sponsor, in it its sole discretion, determines that such action is reasonable or necessary. All decisions are final. Sponsor makes no warranty, representation or guarantee, express or implied, in fact or in law, relative to the use of the Contest prize including, but not limited to, quality, merchantability or fitness for a particular prize. Under no circumstances will Sponsor or any affiliated persons or entities be liable for: (1) electronic, computer, telephone, network, internet or other technical or human error(s) which may occur in connection with the Contest; (2) any injury or damage to person or property, which may be caused, directly or indirectly, from participation or attempted participation in the Contest; (3) illegitimate entries (which will be disqualified); (4) punitive, indirect, incidental or consequential damages. Participants agree that any and all claims, disputes and causes of action arising out of or related to the Contest shall be resolved, without resort to any form of class action, exclusively by the appropriate courts in Somerset County, New Jersey in accordance with the laws of the State of New Jersey, without giving effect to conflict of law rules which would cause the application of the laws of any other jurisdiction. Risk Disclosure This Contest requires Participants to open and fund a FOREX.com mini trading account. before deciding to participate in the Contest, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Moreover, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds. There are also risks associated with utilizing an internet-based deal execution software application including, but not limited, to the failure of hardware and software.   |
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