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How to win

How to win

Make the highest possible profit and traded volume with the best profit/loss ratio.

Watch your standings—the closer you are to the top in these three categories, the higher your chance to win.

When the drop arrives, those whose overall rank is the highest take the prizes.

How to participate

  • 1
    Start creating a new account—MetaTrader 4—and check that you want it to be your contest account. Or assign your existing account as a contest account in your account list.
  • 2
    Make sure your contest account’s equity excluding bonuses is 50 USD or above to qualify for the upcoming prize drop. If you don’t have enough funds, make a deposit.
  • 3
    Start trading right away or wait for the next drop.

Become the absolute winner and seize one of 16 brand-new vehicles

Volkswagen T-ROC
x4
Volkswagen T-ROC
Honda Civic
x8
Honda Civic
Mitsubishi Xpander
x4
Mitsubishi Xpander

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Rules of the OctaFX 16 Cars contest

Introduction

OctaFX presents a new real contest. We’ve increased the number of prizes and your chances of winning. Prizes in this contest include: 16 great brand-new cars, 36 MacBook Pro laptops, 36 smartphones, and 36 smartwatches. Sign up for the contest, prepare a contest account, and trade to become a winner!

Overview

  • Contest duration: 12 months
  • Start date: 17 August 2020
  • End date: 16 August 2021
  • How often the prize drops are distributed: every 3 months
  • Number of prize drops: 4 prize drops
  • The contest name is ‘OctaFX 16 Cars’. It is run by Octa Markets Incorporated.

Requirements for participation

Only persons of legal age (18+) can take part in the Contest.

A person (hereinafter—‘Participant’) must have an OctaFX real account to take part in the Contest.

The Participant needs to check in a new or existing real MetaTrader 4 account for participation in the Contest.

The Participant needs to have at least 50 USD or 50 EUR (depending on the account currency) in his or her account (bonus funds not included) or deposit this amount into the account (this money is fully withdrawable), as well as open at least one trade in order to start competing for the nearest upcoming prize drop announced in the Participant’s region.

The real account that complies with the requirements (hereinafter—‘Contest Account’) is deemed to be participating in the Contest and is being rated from the moment it is checked in for the Contest. Which means only the orders opened within the run for the prize drop and after the moment the Contest Account has 50 USD or 50 EUR (depending on the account currency) in his or her account (bonus funds not included) are counted for the purposes of the contest.

Once checked in, the Participant does not need to repeat this procedure for future rounds of the Contest.

The Contest Account starts competing for subsequent prize drops if its Personal Funds (Equity excluding bonuses) are at least 50 USD (or EUR; bonus funds not included) at the moment then such prize drop is announced.

If the Contest Account’s Personal Funds fall below 50 USD or EUR, this account can’t compete for subsequent prize drops until its balance reaches this amount.

The Participant has the right to open and deposit to any number of the Contest Accounts. Note that each Contest Account is ranked as a separate participant! Results of different accounts cannot be combined!

The Contest Accounts owned by one Participant are assigned ascending numbers in the ratings. i.e. Participant_Name (1), Participant_Name (2), etc., in the chronological order of their joining the Contest.

By taking part in the Contest, the Participant unconditionally agrees to the Rules of the Contest.

Trading conditions

All trading strategies and/or EAs are allowed for trading with the Contest Account.

Only MetaTrader 4 (Micro) real accounts are eligible for the Contest.

Any direct or indirect violation of these Rules shall be subject to account disqualification from the Contest.

The Company reserves the right to reject or disqualify any participant without explaining the reason. The reason for disqualification may include opening a large volume of 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 a guaranteed profit, or any other kinds of cheating.

Utilising several profiles opened on OctaFX is forbidden. If the Company reasonably suspects two profiles or more to be managed by one person, all trading accounts opened under these profiles will be banned from the Contest.

The Company reserves the right to alter, update, or cancel these promotion Rules at their own discretion with further notification of the Participants by posting such information on the Company site. The Company is entitled to resolve any occurrence that is not described in these Rules at its own discretion.

Contest prizes and the procedure for determining the winners

The Contest consists of four prize drops. The Participants compete for each of them for three calendar months. The winners are determined by the overall rank they occupy at the moment specified on the Contest page under ‘Next drop in the world/India/Indonesia/Malaysia’. The prizes are presented to the Participants who got the highest ratings across all categories (Gain, Profit Factor, Traded Volume) in their region.

The Participant is deemed a winner of the Contest if the sum of all his or her placings in the rankings across all categories results in the top 10 lowest total. For instance, a Participant who has finished 1st, 2nd, and 4th respectively in the rankings of each categories (total sum of all places: 1+2+4=7) will be placed higher in the overall ranking, if his or her nearest competitor’s total sum of places is over 7 (2+3+3, 1+5+2, etc.). If the leading Participants have an equal total sum of their places, the final placement is determined by additional criteria (see Procedure for rating calculation below).

The Participants can only compete for the Prizes in the region of their initial registration.

The first prize goes to the first place winner. The second prize goes to the Participants who took 2–4 places. The third prize goes to the Participants who took 5–7 places. The fourth prize goes to the Participants who took 8–10 places.

The Prizes of the Contest depend on the region.

The Prizes in the global/world region (for a single prize drop):

  • First prize: Honda Civic
  • Second prize: 3 × MacBook Air 2019
  • Third prize: 3 × Samsung Galaxy S20
  • Fourth prize: 3 × Apple Watch

The Prizes in the India region (for a single prize drop):

  • First prize: Volkswagen T-Roc
  • Second prize: 3 × MacBook Air 2020
  • Third prize: 3 × Samsung Galaxy S20
  • Fourth prize: 3 × Samsung Galaxy Watch Active2

The Prizes in the Indonesia region (for a single prize drop):

  • First prize: Mitsubishi Xpander
  • Second prize: 3 × MacBook Air 2019
  • Third prize: 3 × Samsung Galaxy A71
  • Fourth prize: 3 × Samsung Galaxy Watch Active

The Prizes in the Malaysia region (for a single prize drop):

  • First prize: Honda Civic
  • Second prize: 3 × MacBook Air 2020
  • Third prize: 3 × Samsung Galaxy S10
  • Fourth prize: 3 × Samsung Galaxy Watch

The Company is entitled to change the prizes without prior notice.

Procedure for rating calculation for each category

Gain

Gain=(Personal Funds + Amount Withdrawn – Personal Funds When Deposited)/Personal Funds When Deposited × 100%

In this equation, Personal Funds are the Contest Account’s current equity excluding bonuses, Amount Withdrawn is the total amount of money withdrawn from the contest account after its checking in for the prize dop or making a deposit to it, Personal Funds When Deposited is equity of the Contest Account (bonus funds not included) at the moment of making a deposit to it.

In case the Participant makes several deposits when competing for one prize drop, the total gain is calculated as a sum of separate gains for all timespans between deposits:

Gain = Gain 1 (from Initial deposit to Deposit 2) + Gain 2 (from Deposit 2 to Deposit 3) + Gain N (After Deposit N).

Whenever the Participant makes a new deposit to the Contest Account, we fix the gain that is already made within this account before the deposit (Gain 1) and then start to calculate the gain after the deposit (Gain 2), until the current prize drop is raffled or another deposit is made.

Example:

You start the contest with the minimum deposit of 50 USD (or 50 EUR, depending on your account currency).

Over two weeks, you have made a profit of 300 USD and now you have 350 USD in your account. At this moment, your gain is (350-50)/50*100%=600%. Then you decide to add more funds (250 USD) to your account to be able to trade bigger volume. When you make this 250 USD deposit, we fix your gain at 600% (this is your Gain 1) and start to calculate your Gain 2. In another week, your account has grown from 600 USD to 800 USD. So your Gain2 at the end of this period will be (800-600)/600*100%=33.3%. And your total gain at the end of the same period will be Gain 1 + Gain 2 = 633.3%.

Profit Factor

Profit Factor = Profit from Trades (in USD) / Loss from Trades (in USD)

If the Participants have equal results, their ranking is determined by the financial total amount of their profitable trades—the Participant with bigger total wins.

Traded Volume

Traded volume = total volume of all trades opened competing for one prize drop.

If the Participant has several accounts, their achievements are not combined. The second and subsequent accounts are rated separately.

Overall ranking = sum of placings of the Participant across all three categories in the yearly ranking.

The winner is determined by the value of their overall ranking being the lowest numerical value.

If Participants have equal overall ranking, the winner is determined as follows:

1. The Participant with the numerically lowest sum of places in Profit Factor and Traded Volume categories wins.

2. The Participant with the highest Gain wins. (If the sum of places across Profit Factor and Traded Volume matches.)

In order to calculate the Gain and Profit Factor, we apply the following rules:

All trades opened prior to a new prize drop arrival are considered opened at the first applicable price after the new prize drop start. And all trades remaining open at the moment when the prize drop arrives are considered closed at the last price available.

Ranking data is calculated for each three-month run separately with strictly limited timings for the prize drop announcement and raffle.

Miscellaneous

All the Participant’s Personal Funds (at the moment a new prize drop is introduced) are considered as an initial deposit.

The results are announced no later than seven days after the prize drop arrival end date.

We contact the winners within seven business days after the prize drop is raffled.

The winners undertake to take part in the award ceremony and any PR activities associated with the Contest—this is a mandatory condition for claiming the prizes.

The award ceremony will be published on the Company site and/or other social or mass media.

The Company will run a background check on the winner, his or her legitimacy, information validity, and possible violations. Should any such issues be found, the Company reserves the right to cancel any of the prize raffle results.

The winner must provide a full set of original documents (passport or other ID certifying the winner's residence) before claiming the prize. The ID must be valid.

In exceptional cases, the money equivalent of the prize may be paid into the winner's trading account or bank account.

The Participant can win no more than 4 prizes in the Contest. Only the contest account of the Participant with the best rank is eligible for the prize giveaways.

The Participant cannot win more than one First Prize. If the Participant wins the First Prize (a vehicle), he or she is deemed an absolute winner, and all Contest Accounts of such Participant are removed from the Contest until its end.

All the photos and/or images of the prizes used in the Contest’s ads, promo banners, and other promotional materials are for information purposes only. The real prizes may look different.

The prizes will be handed to the winners either by the Company agent or other representative, or otherwise the First Prize can be obtained in the nearest car dealership where the specified or similar car model is sold. The Company is not liable for the terms of delivery by post or courier service, or for possible loss of the prize in the course of delivery caused by the third party. 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).

If the winner is unable to receive the prize, a trust agreement may be entered into for another person by the power of attorney.

If the Company is unable to get in touch with the winner within 14 days after the prize drop date, the prize may be handed over to the Participant ranked next. All subsequent placements and prizes will be shifted accordingly.

The Company values client privacy and understands that you may not want to share your financial information including deposit amounts, volume of trades, personal funds, or any other parameters—these remain hidden from other users.

The Company reserves the right to change the rules of the promotion without prior notification.

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.

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.

Any disputes that arise from the Contest and its results are subject to settlement by negotiations.

If the Contest winner refuses to comply with the Contest Rules or any of their provisions, this Participant will be banned from the Contest.

The English version of the Rules prevails. Any translations of the Contest Rules, 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.

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