"Deltastock AD offers you the unique self-educational opportunity to join, free of cost, our monthly Forex and
CFD Formula Contest. The participants in the Demo Contest are allowed to trade spot FX, Precious Metals and CFDs
on shares and indices, listed on major US and EU Stock Exchanges, as well as CFDs on Brent and WTI Crude Oil Futures.
The Contest is conducted through the demo version of our proprietary
Delta Trading platform.
Each participant in the Demo Contest shall pursue a maximum account balance at the end of each month.
To further motivate the contestants, Deltastock publishes on its website
traders’ ranking for the current month. Winners are awarded bonuses,
should they open Live Trading Accounts later on. The profit realized from trading the financial
instruments, as offered by Deltastock, is the ranking basis for contestants’ performance.
I. Bonuses
Each month, the top three contestants ranked by account balance win bonuses as follows:
* First Place: 1000 Euro
* Second Place: 500 Euro
* Third Place: 300 Euro
The contest winners will be entitled to receive their prize only if they open a live Delta Trading account and their initial deposit is at least 1000 Euro (or a current account balance of at least 1000 Euro for existing clients).
II. Traded Financial Instruments
Traders, who take part in the Formula Forex Demo Contest will be able to trade all of the financial
instruments available in Delta Trading platform.
Deltastock reserves the right to add or remove financial instruments at any time of the contest
period without prior notice.
Deltastock does not distribute dividends in the contestants’ Demo trading accounts, neither does
it reflect stock splits, mergers, de-mergers or other events related either to capital raise or
reduction of the certain companies whose shares are the underlying asset of the traded CFDs.
III. Formula Forex Demo Contest Period
- The Demo Trading Contest starts at 14:00 EET (Eastern European Time) of the last business day each calendar month, when the previous Formula Forex & CFD Contest ends.
- The Demo Contest finishes at 12:00 EET on the last business day each calendar month. The exact Contest closing time is subject to change. The Formula Forex closing time is considered to be the time as set on Deltastock servers.
IV. Terms and Conditions
- All prospective contestants need to
register for a Free Demo Trading Account by creating a username and
password. To do so, each participant must enter a valid e-mail address, to which Deltastock Customer
Service shall send the username and password for Delta Trading Demo. To join the Demo Contest, please
click HERE.
- The Delta Trading User Manual (pdf) provides detailed information on the features of the platform and the trading process.
- Each contestant opens a Demo account with 10 000 virtual EUR as an initial margin deposit. Please note that if the trader changes the initial deposit amount when signing up for the contest, he/she will be automatically disqualified.
- Upon the end of the Demo Contest after 12:00 EET on the last business day each month, all demo accounts are closed and balances are cancelled. To participate in the next month’s Formula Forex contest, traders need to register again.
- Daily updates and final rankings of the Formula Forex & CFD contest are published on Deltastock website – www.deltastock.com.
- Deltastock’s employees are prohibited from joining the Demo Contest.
- To ensure the fair trading competition in the Formula Forex Contest, each participant is entitled to register one demo account at a time. Traders have to register under their full name and valid passport of ID card number. Deltastock AD reserves the right to disqualify participants, who have failed to adhere to these requirements.
V. Award Announcement
- The top three trade contestants, ranked by account balance at 12:00 Eastern European Time on the last business day each month win bonuses. The Final results will be displayed on Deltastock website – www.deltastock.com.
- Every winner will be invited to open a Live Trading Account with Deltastock AD
- Deltastock AD sends an email to the top three participants who will be invited to open a live trading account with Deltastock AD The winners, who do not take the opportunity to open a live account within the period of 20 business days, will lose the right to receive their awards. Clients need to fund their account with the minimum required amount within 10 days of the account’s activation.
- Although the entering of a passport or ID card number is not obligatory, Formula Forex participants who have not filled in their passport of ID card number shall not be entitled to receive a bonus.
- Contestants, who had already won a prize in the contest, do not have the right to receive a prize again, no matter of their ranking at the last prize distribution.
VI. Conditions of Bonus Usage
- To receive the bonus awards, the Top 3 (three) participants need to open Live Trading Accounts with Deltastock AD They have the right, but not the obligation to open a Live Trading Account!
- Bonuses will be received only by traders who open a live Delta Trading account with a minimum initial deposit of 1000 Euro. Clients with an existing trading account must have a current account balance of at least 1000 Euro at the time they gain the right to receive a bonus.
- Bonuses are credited to the winners’ live trading accounts in the respective base currency of these accounts. Should the account’s currency be different from EUR, the bonus amount shall be converted in the currency of the account at the exchange rate provided by Deltastock.
- The prize will be paid into the client’s trading account upon reaching the required trade volumes corresponding to the amount of the bonus, at the following terms:
* When trading Forex - 10 standard lots (1 standard lot equals 1000 units of the base currency) per 1 EUR of the bonus after the date of opening the account or the required account balance according to Article V². 2.;
* When trading silver – a minimum of 50 trades per 1 EUR of the bonus after the date of opening the account or the required account balance according to Article V². 2.;
* When trading gold - a minimum of 5 trades per 1 EUR of the bonus after the date of opening the account or the required account balance according to Article V². 2.;
* When trading CFD’S - a minimum of 3 trades per 1 EUR of the bonus after the date of opening the account or the required account balance according to Article V². 2.
- The winners have the right to receive their award upon reaching the required trade volumes pursuant to Article V². 4., but not later than 12 months from the date of their initial deposit or the required account balance according to Article V². 2.
- Bonuses can only be paid into the winner’s live account, after matching with the trade volume criteria as defined in Article VI.4.
It is the responsibility of the Formula Forex Contest winner to calculate the trade volume minimums required for receiving a bonus and to notify Deltastock AD upon reaching them. Following the receipt of such a notification, Deltastock AD verifies that the terms of Article VI.4. have been duly executed and then credits the bonus funds to the client’s account.
- No restrictions apply to the bonus funds withdrawal.
- Deltastock AD reserves the right to decline bonus payments to contestants, without prior notice and in its own discretion, pursuant to these terms and conditions. Bonus payments shall also be declined in the cases where:
* There is a reasonable doubt or there are actions by the client, leading to the obtaining and withdrawing of the bonus, credited to the client’s account, through execution of fictitious trades or other deceitful means
* There is a reasonable doubt that the account of the client is managed by a third party;
- Deltastock has the right to modify the terms and conditions of the contest at all times and any such modifications will be posted on the company’s website.
* Due to regulatory restrictions, CFDs shall not be offered to US residents
** From 11pm on Friday to 12 pm on Sunday, during national holydays, and when the markets on which the current instruments are traded are closed, the system will automatically cancel all placed orders.
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Risk Disclosure: Deltastock AD informs its clients that trading on margin carries a high level of risk. The possibility exists that you could sustain a loss of some or all of your initial investment, therefore you should not invest money that you cannot afford to lose. The high degree of leverage magnifies your gains as well as your losses.
