DEMO TRADING CONTEST
offered by Timberline Advisors LLC, powered by FXPIG™*
TERMS AND CONDITIONS
1. INTERPRETATION OF TERMS
1.1. “Contest” Means the Demo Trading Contest offered by Timberline Advisors LLC, powered by FXPIG™*.
1.2. “Binding Agreement” Means the T&C is a binding agreement between FXPIG™, Timberline Advisors, and the contestant. Their acknowledgement of the T&C makes them agreeable to it and therefore legally binding with the agreement.
1.3. “Competition Period” Means 1 Month unless otherwise stated.
1.4. “Demo account” Means the contestant's account that is available to FXPIG™, which FXPIG™ has approved after the contestant accepts these Terms and Conditions.
1.5. “Registration/period” Means registering in advance, prior to the commencement of the contest Period the following month.
1.6. “Terms of Use” Means a mutual agreement between the contestant, Timberline Advisors LLC, & FXPIG™ to all customer trading activities with FXPIG™. Terms of Use consist of FXPIG™ Client Agreements & FXPIG™ Privacy Policy and requirements which may be mentioned on the FXPIG™ website, which may be amended from time to time.
1.7. “Prizes” Means prizes specified in Clause 2.
1.8. “Profit calculation Formula” means the formula for calculating profits & loss as specified in clause 6(10).
2. TERMS AND CONDITIONS
2.1.   The Contest subjects to these terms and conditions, three (3) winners will have the opportunity to win cash prizes directly funded into their FXPIG™ trading accounts. $1,750 in total prizes will be given out. US$1,000 funding will go to 1st place, $500 to 2nd place, and $250 to 3rd place (the "Prize") through an exclusive contest, which will be conducted on FXPIG™ Demo Contest Site. (the "Contest") and paid via Timberline Advisors Limited.
3. BINDING AGREEMENT
3.1.   You agree that by participating in the Contest you will be bound by these terms and conditions (the "Terms and Conditions").
4. HOW TO PARTICIPATE
4.1.   To be eligible to participate in the Contest, you must:
4.1.1. Be an natural person.
4.1.2. Be over eighteen years of age or over the age of maturity in your jurisdiction
4.1.3. Be an existing client or a lead of FXPIG™.
4.1.4. Individuals who have been previously banned from FXPIG™ are not eligible to open a live FXPIG™ account and/ or to receive prizes as a result of winning this Contest Register at https://wtctwcontest.com/ as a participant (the "Contest").
4.1.5. Resides in a country that is eligible to open a live account at FXPIG™.
4.2. To be eligible to participate and receive a prize pursuant to the contest, the Winner must:
4.2.1. Be willing to permit their username, and trading record for the contest to be published and/or distributed by FXPIG™, conduct an interview with the FXPIG™ marketing team, and submit a personal photo to be used in creating an illustrative likeness of the winner, during and after the life of the contest for an unlimited amount of time.
4.2.2. If the Winner is not an existing FXPIG™ client, in order to receive the cash prize, the winner is required to open an account with FXPIG™. The account application will undergo an approval process by FXPIG™, whereby applicants may be required to provide a valid ID and Proof of Residence. In the event that the live FXPIG™ account is not approved, FXPIG™ will not give out the cash prizes.
4.2.3. Any kind of IP match will be subject to disqualification.
4.2.4. Any type of arbitrage trading or any other abuse with pricing and/or quotes will be subject to disqualification from the Contest.
4.2.5. Same trading strategy or trade from the same EA will also consider a duplicated account.
4.2.6. FXPIG™ reserves the right to reject or disqualify any participant without explanation. Reasons for disqualification may include opening big volume opposite orders with the same currency pairs in different trading accounts at approximately the same time, as well as the usage of failures in the quote flow for getting guaranteed profit, or any other kinds of cheating.
4.2.7. FXPIG™ reserves the right to declare any prize already given is invalid and subject to cancellation upon direct or indirect evidence of attempted fraudulent operations with the prize funds.
4.2.8. Agree and comply with these Terms and Conditions. (Collectively, the "Eligibility Requirements"). For the avoidance of doubt, if you do not comply with the Eligibility Requirements, you will not be entitled to participate in this Contest.
5. CONTEST PERIOD
5.1. For each individual contest, the start and completion time will be displayed on the FXPIG™ registration page.
5.2. Registration is available any time until the end of the completion of the contest.
5.3. Upon registration login, instructions will be sent to the participant's email address.
5.4. Only one account per participant per contest is permitted.
5.5. You must complete the online form to sign up for the Contest. Once you have completed the form, you will gain access to the Contest on FXPIG™’s page https://wtctwcontest.com (Collectively, the "Participation Criteria").
FXPIG™ shall have in its sole discretion the right to disqualify any entrants, participant or winner for any reason. Participation at any time except during the contest period will be invalid.
6. WINNER SELECTION
6.1. Subject to FXPIG™’s rights under these Terms and Conditions, if you meet the Eligibility Requirements and the Participation Criteria, your participation will be valid.
6.2. The three (3) participants with the highest returns at the end of the contest period, after liquidation (the "Winners").
6.3. If the Daily Drawdown of the account drops below 10% of its initial value or a maximum of the total Drawdown reaches 20% of its initial value you will be disqualified from the current competition and ineligible to win prizes.
6.4. The winners are allowed to withdraw prize money without restrictions.
6.5. There are three (3) Winners of this Contest. The Winners of the Contest will be announced within fourteen (14) business days after the end of the Contest Period.
6.6. The cash prizes will be deposited within twenty-one (21) business days after the end of the Contest Period.
6.7. By accepting a prize, each winner agrees that they are responsible for all applicable taxes associated with the prize including but not limited to any income, profits and gains and any other tax, duty, contribution, levy or charge in the nature of tax of any nature, whether domestic or foreign, federal or state.
6.8. FXPIG™ shall have no further obligation to the winner once the Prize is delivered.
6.9. In the event that two or more contestants have the same amount of profit, the Contestant with the lowest drawdown will be the winner.
6.10. To determine the winners of the Competition. All trading positions in the Demo Account will be the duration of the contest period only (from the 1st day until the last day in the giving month), and will be closed by the Company at the last quoted price on the Company's Demo account. Long positions will be closed at the bid price and short positions will be closed at the ask price.
6.11. If at the end of the trading competition, all traders are disqualified due to disqualification (max daily drawdown or total drawdown), FXPIG™ reserves the right to not payout the monthly contest winnings for 1st, 2nd, or 3rd place. In the event that only one (1) person passes the monthly contest rules, they will receive a payout for 1st, 2nd and 3rd place. If two (2) persons pass the monthly contest, then 3rd place winnings will be split between 1st and 2nd place.
7. LIABILITY
7.1. You agree to indemnify, defend and hold harmless FXPIG™ and Timberline Advisors LLC (including its directors, officers, employees and assigns) on written demand and at all times from and against any and all liability, fines, penalties, actions, judgement, settlement, claims, demands, losses, damages, injury, compensation, costs and expenses (including interest payments, reasonable legal fees on a solicitor/client basis, other professional fees and disbursements and costs of investigation and litigation) for or in respect of which FXPIG™ or Timberline Advisors Limited will or may become liable by reason of or related or incidental to any act, default or omission and/or any breach of representation and warranty set forth herein by you under these Terms and Conditions including without limitation resulting from or in relation to any breach, non-observance, act or omission whether negligent or otherwise.
7.2. To the extent permitted by law, your rights to litigate, to seek injunctive relief or to any other recourse to judicial or any other procedure in case of disputes or claims resulting from or in connection with this Contest are hereby excluded, and you expressly waive any and all such rights.
8. GENERAL CONDITIONS
8.1. This contest is applicable to all instruments across all asset classes FXPIG™ offers, unless otherwise stated.
8.2. In the event that FXPIG™ considers your participation in this Contest is, or is likely to be, in breach of these Terms and Conditions, FXPIG™ reserves the right, without prejudice to any other rights under the Terms and Conditions, to immediately withdraw your participation from the Contest.
8.3. FXPIG™ may, in its discretion, cancel, or reverse the award of the Prize if it is made in error.
8.4. FXPIG™ reserves the right at its sole discretion to alter, amend, modify, suspend or terminate this Contest, or any aspect of it, including but not limited to extending the contest period at any time and without prior notice. In such an event, FXPIG™ will make reasonable efforts to notify you by email.
8.5. If the Contest cannot be executed as planned, due to reasons beyond the control of FXPIG™ , including (but not limited to) any problems or technical malfunction, FXPIG™ shall incur no liability to you in connection with the Contest.
8.6. This contest is applicable only to the platform specified on the demo contest and the virtual currency specified.
8.7. If any provision(s) of the Terms and Conditions are held to be invalid or unenforceable, all remaining provisions hereof will remain in full force and effect.
8.8. Unless the context otherwise requires, references to any gender include all genders and use of the singular includes the plural and vice versa.
8.9. You are solely responsible for the payment of any and all taxes, including but not limited to federal, state and local taxes that may apply to your participation in the Contest.
8.10. FXPIG™ may, at its sole discretion, provide you with translations of the Terms and Conditions. The original English version shall be the only legally binding version between FXPIG™ and the contestant. In case of discrepancies between the original English version and other translations in your possession, the original English version shall prevail.
8.11. The formula used would mark any negative % as 0 on the given demo contest account.
For example, A (Profit) : Beginning equity is $10,000 and Ending equity is $50,000 [(50,000 - 10,000)/10,000]*100 = 400% gain
For example, B (Loss) : Beginning equity is $10,000 and Ending equity is $4,000 [(4,000 - 10,000)/10,000]*100 = -60% gain = 0% gain
9. GOVERNING LAW AND VENUE
9.1. These Terms and Conditions shall be governed by and construed in accordance with the laws of Vanuatu. The Parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute arising out of or in connection with these Terms and Conditions.