1. Overview
1.1. Octa Markets Incorporated (hereinafter—‘Company’) conducts the IB Contest in Malaysia and Singapore (hereinafter—‘Contest’) for the clients registered on the OctaFX site (hereinafter—‘Site’) as Introducing Brokers from Malaysia and Singapore (hereinafter—‘Partners’).
1.2. The Contest starts on 21 February 2022 (12 p.m. EEST) (hereinafter—’Start Date’) and ends on 15 April 2022 (11:59 p.m. EEST) (hereinafter—’End Date’).
1.3. The Contest prizes are:
1.3.1. Volkswagen Tiguan 1.4
1.3.2. A voucher for an IB office rent or renovation, 10,000 USD worth
1.3.3. MacBook Pro
1.3.4. iPad Pro
1.3.5. iPhone 13.
1.4. Registration for the Contest ends on 8 April 2022 (11:59 p.m. EEST).
1.5. The official page of the Contest (hereinafter—‘Contest Page’) is posted at https://www.octafx.com/ib/ib-contest-malaysia/
2. Participation
2.1. To become eligible for the Contest, the Partner must push the button ‘Take Part’ on the Contest Page.
2.2. The time from the moment the Partner pushed the ‘Take Part’ button on the Contest Page to the end date of the Contest is called the Participation Time.
2.3. Employees or individuals receiving a salary from the Company are not eligible for the Contest.
3. Calculating results
3.1. The formula used to decide the winners of the Contest is as follows: net deposits (deposits minus withdrawals), divided by 20, plus the number of lots traded by the Partner’s referrals at the Company's service, which will generate the Partner’s points (hereinafter—‘Points’) total.
3.2. Shall the Partner register in the Contest before the Start Date, the Points are accumulated for the purposes of the Contest from the Start Date until the end of the Contest.
3.2.1. Shall the Partner register in the Contest after the Start Date, the Points are accumulated for the purposes of the Contest from the moment such partner pushed ‘Take Part’ on the Contest Page until the end of the Contest.
3.3. The volumes traded by the Partner on his or her trading accounts and his or her deposits are not counted for the purposes of the Contest.
3.4. The volumes calculated as a Master IB commission are not counted for the purposes of the Contest.
3.5. Only net deposits and the volumes of the trades opened and made after the moment the Partner signed up for the Contest and closed before the end time of the Contest are counted for the purposes of the Contest.
3.5.1. The net deposits of the Partner referrals engaged in OctaFX Copytrading and the trades copied buy such Partners are counted as stipulated by clause 3.5. hereof for the purposes of the Contest (copy trading activity of the referrals counted as trading activity).
3.6. Only the volumes of the Valid Order are counted for the purposes of the Contest.
3.6.1. Valid Order is an order that the Partner receives a commission for. The order is considered as the Valid Order if it lasts for 180 seconds or more, has at least 30 points (3 pips) difference between the open price and close price, and is not closed by means of Partial close or Multiple close by.
4. Winners and prizes
4.1. There are no specific eligibility requirements for entry, besides the ones stated in the clauses 2.1. and 2.3.
4.2. The first-level prize is one new Volkswagen Tiguan 1.4 vehicle.
4.2.1. The colour and car configuration shown in the Contest promotion materials may vary from actual product.
4.2.2. If the prize car is not available in your region, the Company has the right to replace the first-level prize with a vehicle of the same price.
4.2.3. The Partner who accumulated the largest total of the Points by the end of the Contest wins the first-level prize.
4.3. The second-level prize is one voucher for an IB office rent or renovation of 10,000 USD worth.
4.3.1. The Partner who accumulates the second-highest Point total by the end of the Contest wins the second-level prize.
4.3.2. The Company covers any rent, renovation, or furnishing expenses for the Partner’s office at their choice and claims the second-prize winner as the beneficiary of the services associated with this voucher.
4.3.3. The Company is not responsible for the quality of the service provided by any agents involved, including but not limited to workers, contractors, or suppliers.
4.4. The third-level prize is one new MacBook Pro.
4.4.1. The Partner who accumulates the third-highest Point total by the end of the Contest wins the third-level prize.
4.5. The fourth-level prize is one new iPad Pro.
4.5.1. The Partner who accumulates the fourth-highest Point total by the end of the Contest wins the fourth-level prize.
4.6. The fifth-level prize is one new iPhone 13.
4.6.1. The Partner who accumulates the fifth-highest Point total by the end of the Contest wins the fifth-level prize.
4.7. First names or nicknames of the winners are posted on the Site within 15 days after the Contest end date.
4.8. The winners’ personal managers contact them within seven business days after the Contest end date to arrange when and where the prizes will be delivered.
4.8.1. If the winner does not expressly confirm their will to claim the prize within 60 calendar days from the End Date (by phone, via messenger, via a Customer Support live chat, or in any other form), the Company stops trying to get in touch with such winner on this matter, and the prize is not given away.
4.9. The winner undertakes to provide original documents issued by their state body. The documents should be valid at the Contest end date and should contain the serial number, the winner’s photo, and the winner’s date of birth.
4.10. If the winner is unable to receive the prize, a trust agreement may be entered into for another person by a power of attorney.
4.11. If the prize is not available in the winner’s country for any reasons, the Company reserves the right to change the prize for another product of the same type and similar price.
5. Miscellaneous
5.1. The Company will run a background check on the winners, their legitimacy, information validity, and possible violations. Should any such issues be found, the Company reserves the right to cancel the Contest results.
5.2. The Company reserves the right to change the terms and conditions of the promotion without prior notification.
5.3. The Company is not liable for technical malfunctions and/or interruptions in the internet connection on the side of the client or third-party services, which could directly or indirectly affect the client’s participation in the Contest.
5.4. The Company is not liable for any delays or interruptions in service operation or data transmission, or performance failures in the OctaFX system, regardless of cause, including, but not limited to, hardware or software malfunction, or interruptions in the operation of the OctaFX system.
5.5. Any disputes that arise from the Contest and its results are subject to settlement by negotiations.
5.6. The English version hereof prevails. Any translations hereof, 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.
5.7 The Company reserves the right to disqualify participants based solely on their discretion.
5.8. The winners undertake to participate in the award ceremony and any PR events associated with the Contest. The collected materials may be used by the Company on their own discretion.
5.9. The Company allows the winner to obtain the Main Prize in the nearest car dealership where the specific or similar car is available.
5.10. 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.
5.11. 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).
Appendix 1
1. Within the dates of the Contest, the Company holds a random prize giveaway (hereinafter—‘Apple Watch Series 7 Giveaway’) among the participants of the Contest.
1.1. The prizes of the Giveaway are ten Apple Watch Series 7.
1.2. To participate in the Apple Watch Series 7 Giveaway, the Partner needs to press ‘Take part’ on the Contest Page.
1.3. To become eligible for the Apple Watch Series 7 Giveaway draw, the Partner needs to accumulate and hold 1,000 Points or more by the moment the Contest ends.
1.4. The draw takes place on the day following the Contest end date after the winners of the Contest are determined in accordance with the conditions set forth by Clause 4 of these Terms and Conditions.
1.5. The winners of the Contest (the Partners who have won guaranteed prizes in the Contest) cannot participate in the Apple Watch Series 7 Giveaway.
1.6. Of all the Partners eligible for the Apple Watch Series 7 Giveaway draw excluding the winners of the Contest, ten winners of the Apple Watch Series 7 Giveaway will be picked at random.
1.7. If less than ten Partners will be eligible for the Apple Watch Series 7 Giveaway by the Contest end date, the surplus of the Giveaway prizes will not be given away.
1.8. If the Partner gets disqualified from the Contest by any reason stated in these Terms and Conditions expressly or implicitly, such Partner also gets disqualified from the Giveaway.
1.9. The Company announces the winners within two calendar days after the draw on the Company’s site and/or via the Company’s social network account(s).
1.10. If the winner does not expressly confirm their will to claim the prize within 60 calendar days from the date of the Apple Watch Series 7 Giveaway (by phone, via messenger, via a Customer Support live chat, or in any other form), the Company stops trying to get in touch with such winner on this matter, and the prize is not given away.
1.11. The Company undertakes to arrange the prize delivery to the Partner.