Contest model

Dukat Contest (hereinafter – Contest) automatically distributes Dukats (Community value points) among the participants depending on their participation in the Community. Balance and hence rating depends on the involvement of participants in the Dukascopy Community. Contest is held on a quarterly basis. The prize fund is $ 176,000 per year. The contest aims to identify the most active participants of the Community.

Registration rules

1. Registration for the contest is available every day.
2. All participants should be aged 18 years or older.
3. Participants agree to provide true information upon the moment of registration. If a Participant is eligible to a prize, the information provided upon registration will be used to open a LIVE Prize account with Dukasсopy in the name of the relevant Participant. Should information be false, inaccurate or incomplete, Dukascopy may declare the participation in the Contest void at any time at its sole discretion.
4. Registration and use of multiple accounts and/or use of proxy servers may result in disqualification of the Participant.
5. Participants must acknowledge and accept that the history of their achievements in the Community, personal data and any other information indicated in the Competition becomes public and if the participant already has or wants to open a LIVE Prize account with Dukascopy, the latter cannot guarantee confidentiality of the data. Consequently, Participants waive the benefit of Swiss Banking Secrecy and release Dukascopy from any liability in that respect within Community and the Contest.
6. Participants must acknowledge and accept the fact that in case they win a prize from Dukascopy, Dukascopy may invite them to promotional events, interviews, public announcements in connection with the Contest and thus Dukascopy may use their names, trading history and references. Consequently, participants waive expressly the benefit of Swiss banking secrecy and release Dukascopy from any liability in that respect.
7. Participants also acknowledge and agree that should they decline Dukascopy's invitation to participate in the above-mentioned promotional events, Dukascopy has the right to disqualify such Participants and to give their prize to other participants.
8. Use any kind of links in the image profile is forbidden. Any form of advertising, as well as undesirable or offensive images are also prohibited. Dukasсopy reserves the right to remove user's profile picture in case of violation of these rules.
9. Participants are not allowed to use nicknames containing any name of Dukascopy brands and products. The use of words «Dukascopy», «SWFX», «JForex» and any other brand names associated with Dukasсopy is forbidden.

Participation rules

1. To compete for cash prizes you need to register in the Сontest.
2. Registration in the Сontest is available every day during the quarterly period.
3. Competitive periods:
1. from 1.01 till 31.03
2. from 1.04 till 30.06
3. from 1.07 till 30.09
4. from 1.10 till 31.12
4. Each member of the Dukascopy Community gets Dukat points according to the results of participation in the Сommunity.
5. Participants get Dukats for their actions. Every action has its own value assigned in the Scale of values.

Rating rules

1. Participants rating depends on one criterion - the total quarterly amount of Dukats on their personal account in the Community.
2. Following the close of the Contest period the balance of each participant, who received a cash prize, will be reduced to 10,000 Dukats.
3. Balances of the participants who accumulate Dukats and don't take part in the current period are reduced at the following rates:
   • 9,999 DUK or less are not a subject of reduction;
   • 10,000 - 99,999 DUK will be reduced by 5%;
   • 100,000 - 249,999 DUK will be reduced by 10%;
   • 250,000 - 499,999 DUK will be reduced by 15%;
   • 500,000 DUK and more will be reduced by 20%.
4. The results of the Contest are announced within 2 weeks following the end of the quarter.

Restrictive guidelines

1. Every Participant shall have only one unique name and e-mail address associated with their personal data, that will be used to open an account with Dukascopy bank in case of winning a prize in the Contest.
2. The use of obscene or abusive language may result the disqualification from the Dukascopy Community and the Contest.
3. Dukascopy reserves the right on permanent basis to set a weekly ban for any member of the Community in the case of violation of the Contest rules. In the case of serious violations of the rules, the participant will be disqualified on permanent basis.

Awards and conditions for their receipt

1. Quarterly prize fund of $44,000 is distributed among 100 winners of the Contest in the following way:
   
   • 1st place - 5,000 USD
   • 2nd place - 3,000 USD
   • 3rd place - 2,000 USD
   • 4-5th places - 1000 USD
   • 6-10th places - 700 USD
   • 11-20 th places - 500 USD
   • 21-30 th places - 400 USD
   • 31-50 th places - 350 USD
   • 51-100th places – 250 USD
2. Participants are allowed to withdraw funds in full only when there are no blocked prizes on the account. Profit can only be withdrawn when there are no blocked prizes on the account.
   
   If there are both blocked and unblocked prizes:
   • participants are only allowed to withdraw the sum of unblocked prizes;
   • only the positive difference between equity and sum of blocked funds can be withdrawn;
   • the sum of withdrawn funds can't exceed the sum of unblocked funds.

   LIVE accounts which are credited with prize money are considered LIVE Prize accounts. LIVE Prize accounts can be credited only with cash prize money. Clients are not allowed crediting their own funds on this type of account.
   

   The minimum turnover requirement constitutes 2.5 million USD for every 100 USD won in the contest. In other words:

   • 1st place - 125 million USD
   • 2nd place - 75 million USD
   • 3rd place - 50 million USD
   • 4-5 places - 25 million USD
   • 6-10th places - 17.5 million USD
   • 11-20th places - 12.5 million USD
   • 21-30th places - 10 million USD
   • 31-50th places - 8.75 million USD
   • 51-100th places - 6.25 million USD
3. In case participants do not have LIVE Prize account in Dukascopy they must start the procedure of its opening in a standard way. If the participant fails to meet the requirements of opening LIVE Prize account Dukascopy reserves the right to cancel the payment of the money prize.
4. Money prizes can be deposited only to LIVE Prize accounts, opened at the Dukascopy in the name of the respective Participant.
5. Money prizes can be deposited only on LIVE Prize sub-accounts that are not tied to any of representing agents.
6. If Participant already has an opened Dukascopy current account without any opened trading sub-accounts, Dukascopy will open LIVE Prize sub-account in the basic currency of the account of the Participant and deposit the prize (s) to this sub-account.
7. In the case Participant refuses to take part in Dukasсopy promotions, interviews, public appearances related to the Contest, Dukasсopy has the right to disqualify the Participant and give their prize to another participant.

Fair play principles

1. Participants acknowledge and agree to endeavor to uphold the principles of fair play.
2. Participants shall refrain from any unfair and unjust activity, even if it is not fully described in terms of the Contest Rules.
3. Such activity includes, but is not limited by the following:
   • Registration of persons directly or indirectly related to other participants.
   • Various team tactics, which include cooperation of players in groups in order to obtain statistical advantage on one of the accounts.
   • Other activities, used to gain an unfair advantage over other participants.

Other rules and regulations

1. Dukascopy reserves the right to use any kind of information posted by users under the Contest for its own purposes without prior agreement and approval by the authors. These goals may include any kind of advertising, statistics collection, etc.
2. Dukascopy reserves the right to disqualify any Participant, to change contest rules, requirements and prizes without prior notice at any time and in its sole discretion.

Trading platform and rules for trading Dukats

1. Each member of the community has the right to open a trading demo account and trade Dukats in a demo environment.
2. Trading platforms (Dukat JForex, Dukat Binary) registration is available during the contest period.
3. Participant has the right to transfer all available Dukats to their Demo JForex or Demo Binary platforms.
4. At the end of each contest period all open positions will be automatically closed and the total platform balance will be withdrawn.
5. Closing of open positions and total platform balance withdrawal is executed automatically at the end of each period.
6. Demo trading platform is a complete replica of the Live platform SWFX - Swiss FX Marketplace (identical functionality and data flow). Trading orders sent through a demo account are fictitiously executed on the basis of SWFX market data.
7. The purpose of participation is to maximize your Dukat balance.

Scale of values