Terms and Conditions of the Formula Forex Contest

I. Bonus

Each month, the top ten contestants with the highest account balance will receive a bonus, which will be added to their Live account initial deposit as follows:

• First to third place: 100% bonus of the initial deposit
• Fourth to tenth place: 50% bonus of the initial deposit.

The contest winners will be entitled to receive their prize only if they open a live Delta Trading account. The maximum bonus amount is limited to EUR 5000 or the equivalent in another currency. This bonus plan is available only for new 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 the 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 Contest Period

1. The Formula Forex Contest starts at 14:00 EET (Eastern European Time) of the last business day each calendar month, when the previous Formula Forex Contest ends. When a contestant registers for the Formula Forex Contest, he/she will be entered in the current month's Contest.
2. 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 set on Deltastock servers.

IV. Terms and Conditions

1. 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 will send a username and password for the Delta Trading Demo. To join the Demo Contest, fill out the Delta Trading Demo registration form,and tick the box “I would like to take part in the Forex DEMO Contest”.
2. The Delta Trading User Manual (pdf) provides detailed information on the features of the platform and the trading process.
3. 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.
4. At the end of the Demo Contest, after 12:00 EET on the last business day of each month, all demo accounts are closed and balances are cancelled. Traders who were not one of the top ten winners and wish to participate in the next month’s Formula Forex contest, need to register again.
5. Daily and the final rankings of the Formula Forex Contest are published on Deltastock's website.
6. Deltastock’s employees are not allowed to join the Demo Contest.
7. Traders should register with their real names. Deltastock reserves the right to disqualify participants, who have failed to adhere to this requirement.

V. Award Announcement

1. The top ten contestants, ranked by account balance at 12:00 Eastern European Time on the last business day each month win prizes, in the form of an additional bonus to the initial deposit they have made. The Final results will be published on Deltastock's website .
2. Every winner will be invited to open a Live Trading Account with Deltastock.
3. Deltastock will send an email to the top ten participants and they will be invited to open a live trading account with Deltastock. 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.
4. Contestants, who have already won a prize in the contest, do not have the right to receive a prize again, regardless of their ranking at the previous prize distribution.
5. The initial deposit which a contestant of Formula Forex makes, can not be used in another Deltastock promotional program.

VІ. Conditions of Bonus Usage

1. To receive the bonus awards, the Top 10 (ten) participants need to open Live Trading Accounts with Deltastock. They have the right, but not the obligation to open a Live Trading Account!
2. Bonuses will be received only by traders who open a live Delta Trading account. Deltastock will add 100% or 50% bonus to the initial deposit according to their ranking. This bonus will be available for trading on margin and not available for withdrawing.
3. The Bonus is credited to the winner's live trading account in the respective base currency of that account. 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.
4. The client can withdraw the bonus only when he/she has realized a trading turnover of EUR 20000 for each EUR 1 from the bonus. Realized turnover with the module Level 2 is not taken into account.
5. If the client wishes to withdraw his/her initial deposit within the 6 months when the deposit was made, Deltastock will deduct the unrealized bonus.
6. The client has the right to withdraw a bonus amount, only if he/she has realized the turnover specified in VI.4. not earlier than 1 month from the date when the initial deposit was made. The bonus can be used for leveraged trading within the 6 months of the date of the first deposit. If the client has a part or the whole bonus unrealized (unrealized turnover according to VI.4), Deltastock will deduct this part or the whole bonus from clients’ account.
7. The client can withdraw a bonus amount, after realizing the turnover criteria as defined in Article VI.4. On the 5th of each month, Deltastock will automatically calculate the realized turnover of the client and the corresponding bonus amount that can be withdrawn. Deltastock will then release this bonus amount, and make it available for withdrawal.
8. The bonus awarded to the winners of Formula Forex Contest, applies only to the realized turnover of the client’s initial live trading account.
9. Deltastock has the right to withhold the bonus amount which has not been realized, when the client’s trading account balance falls below that amount.
10. The client can at all times refuse to continue with his/her participation in the promotion program. After the client has sent the declaration for refusal of participation, Deltastock will withhold the bonus amount which has not been realized. If the form has been sent within the first month after the client has entered the promotion – the whole bonus amount will be withheld. In case the client’s trading account balance becomes negative, the trading account will be annulled after a daily statement has been prepared for that particular date.
11. Deltastock 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;
12. 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.

If you have any questions, please don’t hesitate to contact us by email at: office@deltastock.bg or by phone at: + 359 (2) 811 50 50 or + 359 (2) 811 50 60.

Deltastock wishes you good luck!