1. GENERAL PROVISIONS
1.1. This Trading Battle Terms and Conditions (hereinafter also referred to as the “Terms”) contains all of the terms and conditions of the promotional campaign organized and offered exclusively by Bithoven.com (hereinafter referred to as the Organizer), which is operated by Fortis Ltd. (hereinafter also referred to as “we,” “us”, “Company”) with a registered address at Suite 305, Griffith Corporate Centre, P.O.Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines, registration number 25256 BC 2019.
1.3. The Company reserves the right to oblige the Client to complete user account verification prior to awarding the prize. User account verification is a standard compliance procedure in accordance with our AML/KYC Policy.
1.4. The Company reserves the right to unilaterally change the terms of this Trading Battle promotion at its sole discretion and at any time without prior notice.
2. PROMO SPECIFICATIONS
2.1. The Program Trading Battle is run and organized by Company and its prime mission is to attract new and existing traders to trade on Bithoven.com by allotting valuable prizes.
2.2. Trading Battle is a Forex competition for traders who must complete the required trading turnover as soon as possible and receive an incentive in the form of valuable prizes.
2.3. The Trading Battle has its set time period: its start day is 01.01.2023 and it is scheduled to end on 31.12.2023.
2.4. In order to be a qualified participant of the Trading Battle, the Client has to be a registered platform user on Bithoven.com, be at least 18 years old and have a good account standing.
2.5. The number of prizes is limited and includes iPhone 14 Pro (1 item), Watch Series 8 (2 items) and AirPods Pro 2nd generation (3 items).
2.6. The prize distribution is based on the following algorithm: one prize per one winner. In order to win one of the prizes, the Client must complete a minimum trading turnover. The turnover requirements are as follows:
- iPhone 14 Pro: the minimum turnover has to be 300 lots.
- Watch Series 8: the minimum turnover has to be 150 lots.
- AirPods Pro 2nd generation: the minimum turnover has to be 100 lots.
2.7. All the calculations of the Client’s trading turnover are made based on the Client’s live trading accounts with the exception of the trading accounts that have bonus trading funds.
2.8. The trading turnover indicated in the personal account is calculated for all closed positions, without taking into account the terms of calculation for this promotion.
2.9. The trading turnover on hedged positions is calculated in the amount 50% of the hedged volume.
2.10. The following closed positions are not included in the calculation of the trading turnover for this Trading Battle, where the difference between the opening and closing prices of which is less than:
- 20 pips for trading instruments AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY.
- 150 pips for all other trading instruments.
2.11. The Company reserves the right to reduce the Participant’s trading turnover if there are bonus funds on the Client’s trading account. At the same time, the volume decreases in proportion to the ratio of personal and bonus funds by the proportion of bonus funds.
2.12. The Company reserves the right to allot the equivalent amount of the prize in USD to the Client’s trading account instead of shipping the actual prize to the addressee. The evaluation for the prizes is the following:
- iPhone 14 Pro: 1000 USD.
- Watch Series 8: 400 USD.
- AirPods Pro 2nd generation: 250 USD.
2.13. Upon reaching the required trading volume and intending to receive the corresponding award, the Client must contact the Company’s customer care team by email at [email protected] with a request to receive the corresponding prize. In response to his/her request, a qualifying certificate will be sent to the Client’s email address.
2.14. When the Client makes a request to receive the prize, he/she undertakes to send the Company a selfie with the prize certificate at [email protected] before receiving the award. The Company has the right to request a new selfie if the sent selfie does not meet the marketing requirements for the quality of the selfie.
2.15. After receiving the prize, the Client agrees that his/her name, city and country will be published on the public page of Bithoven.com and used in the mailing list and other marketing campaigns at the exclusive discretion of the Company.
2.16. The client agrees that the Company has the right to use the selfie with a prize certificate sent by the Client on the Bithoven.com website, in the mailing lists and other marketing campaigns at the sole discretion of the Company.
2.17. In case of detecting Client’s manipulation of trading conditions, hedging positions on different accounts, creating multiple profiles or any other actions aimed at manipulating the Trading Battle rules in order to receive a prize, the Company has the right to qualify these actions as a violation of the conditions of the promotion, which may result in the refusal of granting the prize.