Rules for the IB Category of the Supercharged 2 contest
OctaFX presents a standalone category in the Supercharged 2 contest for the IBs. These category prizes are four roomy and speedy Honda Jazz town cars in the top RS CVT vehicle spec. Register for the contest, invite your clients to participate, and win vehicles every quarter!
Contest duration: 12 months
Start date: 1 October 2018
End date: 30 September 2019
Round duration: 3 months
Number of rounds: 4 rounds
The Contest name is ‘IB Category of Supercharged 2’ or ‘IB Contest’. It is run by Octa Markets Incorporated.
Registration for the Contest is closed 7 days prior to the Contest end date.
Requirements for participation
Only persons of legal age (18+) can take part in the Contest.
All entrants (hereinafter—’IB Participant’, ‘IB’) must have confirmed registrations as IBs on OctaFX.
IB—an introducing broker, or simply an IB, is essentially a middleman or agent who works directly with a broker in order to bring them new clients.
The IB is deemed to be participating the moment at least one of his or her clients opens at least one trade via the Contest Account. At that, only trades opened in the course of the Contest via the accounts that comply with the Contest Rules are counted.
If a client is banned from the Contest, such client’s statistics will not be counted in the ranking of the client’s IB.
If clients of the IB violate the Contest Rules multiple times, the IB may be banned from the Contest.
Only the trading volumes of the clients brought to the Contest by the IB are counted for the Contest ranking. The volumes of such clients are counted before the end of all Contest rounds.
The Company reserves the right to alter, update, or cancel these Rules at their own discretion with further notification of the Participants by posting such information in the Company News folder of the OctaFX site. The Company is entitled to resolve any occurrence that is not described in these Rules at its own discretion.
Contest prizes and the procedure for determining the winners
The IB Category of the Contest consists of four rounds that last for three calendar months each. Every round one winner is determined.
The round winner gets the main prize, a Honda Jazz in the top RS CVT vehicle spec, or 15,000 dollars, and the title and certificate ‘IB of the Year’.
The IB can participate and win in any round. If one IB wins in several quarters, he or she can still get several prizes.
The Company is entitled to change the prizes without prior notice.
Procedure for rating calculation for the IB Category
The round winner is determined by the volume that the IBs’ clients traded throughout the quarter. The volumes of the trades are counted only if these trades comply with the IB program rules and if they were opened within the Contest Account after its qualification for the Contest.
That said, the volumes of new clients who registered on OctaFX during the course of a round, or who were reactivated by the IB (as in their deposit for the Contest was their first deposit for the last six months)will be counted with an increased multiplier of 1.5. Volumes and deposits are counted separately for every quarter round, i.e. the clients’ volumes can only be counted under an increased multiplier for one round. During the first round, all clients and deposits are counted from the moment of their registration for the Contest.
If the IB refers a client who has already signed up any account for Supercharged 2, any volumes that client has traded within all accounts are not eligible for the IB Category.
Total Vol of the IB’s clients =" Client "1 Vol + (Client 2 Vol × 1.5) + … + Client N Vol
In this equation, Client 2 is the new client who registered for the contest in the course of the round and made at least one deposit over the course of this round.
Please note, the multiplier of 1.5 is applied to all the Contest Accounts of the newly-registered client from the moment of this client’s signing up for the Contest until the end of the round.
If the Company reasonably suspects the IB’s client uses two or more user profiles on OctaFX for participation in the Contest, all such trading accounts will be banned from both Supercharged 2 contest and from statistics of such client’s IB.
If the IB’s client uses the Recharge and resets his or her contest ranking for one or several trading accounts, the volume that the client has traded will still be counted for the IB’s ranking.
Ranking data is calculated for each month (round) separately with strictly limited time marks for the round start and end.
The round results will be announced no later than seven days after the Round end date.
The winners will be contacted within seven business days of the Contest end date.
The winners undertake to take part in the award ceremony and any PR events associated
with the Contest.
The award ceremony will be published on OctaFX website and/or other social or mass media.
The Company will run a background check on the winner, his or her legitimacy, information validity, and possible violations. Should any such issues be found, the Company reserves the right to cancel the Contest results.
The winner must provide a full set of original documents (passport or other ID certifying the winner's residence) before claiming the prize. The ID must be valid.
In exceptional cases, the money equivalent of the prize may be paid into the winner's trading account or bank account.
All the photos and/or images of the prizes used in the Contest’s ads, promo banners, and other promotional materials are for information purposes only. The real prizes may look different.
All prizes are shipped to the winners’ locations. The Company is not liable for the term of delivery by post or courier service, or for possible loss of the prize in the course of delivery caused by the third party. The Company is not liable for any tax charges that the winners may be due in their jurisdiction (including but not limited to property tax, vehicle tax, road tax, or other fees).
If the winner is unable to receive the prize, a trust agreement may be entered into for another person by the power of attorney.
The Company values client privacy and understands that you may not want to share your financial information including deposit amounts, volume of trades, equity or any other parameters. You can easily manage these parameters’ visibility when you register for the Contest.
The Company is not liable for malfunctions and/or interruptions in the internet connection on the side of the client or third-party services, that could directly or indirectly affect the client’s participation in the Contest.
Any disputes that arise from the Contest and its results are subject to settlement by negotiations.
If the Contest winner refuses to comply with the Contest Rules or any of their provisions, this Participant will be banned from the Contest.
The English version of the Rules prevails. Any translations of the Contest Rules, Contest pages, and statistics are for reference only. In case of any discrepancies between the English and other versions of these materials, the English version shall prevail.