Ramadan Month
About contest:
In honor of Ramadan 2023 we’re launching a reading contest for Geratsu clients from Malaysia and Indonesia for a $2800 prize fund.
Account types:
MT4-CENT, MT4-CENT(PRO), MT4-ECN, MT4-CLASSICMin. deposit:
$50-
The promotion runs from 22.03.2023, 00:00:01, to 21.04.2023 00:00:00 according to the trading server time of Geratsu.
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The organizer and sponsor of the promotion is Geratsu.
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Prizes will be credited to Geratsu’s clients who made a deposit from $50 during the promotion period.
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Participation in the contest is available on the following types of accounts: MT4-CENT, MT4-CENT(PRO), MT4-ECN, MT4-CLASSIC.
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The Ramadan Month contest is available for Geratsu clients from Malaysia and Indonesia.
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Only clients with fully verified profiles can become the Ramadan Month contest participants.
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The client can compete for the prize in 1 of 4 categories divided by the amount of deposit. The 1st stage is for participants with a deposit from $50 to $149. The 2nd stage is for participants with a deposit from $150 to $399. The 3rd stage is for participants with a deposit from $400 to $999. The 4th stage is for participants with a deposit from $1000.
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To become a participant, the client should trade the minimum of lots according to his/her deposit amount. Only clients who have traded the minimum volume can become the contest’s winners. The prize amounts and number of winners for each stage are mentioned in the table below.
Deposit Minimum volume of closed positions Number of prize places Prize amount $50-$149 1 lot 20 $50 $150-$399 2 lots 3 $100 $400-$999 5 lots 2 $250 from $1000 10 lots 1 $1000 -
The winner in each category is the participant who closed the largest volume of trading positions during the contest period.
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If a participant cannot claim the prize under these conditions, the next or the previous participant will be recognized as the winner. The winner will be a participant with a bigger trading volume traded during the promotion period after making a registration deposit.
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A client can claim a prize only if the trading volume of positions closed after the registration deposit is made into the account is at least 1, 2, 5 or 10 trading lots according to the table (p. 7.1 of the Ramadan Month contest). When calculating the total volume of closed positions, please note that:
- a coefficient of 0.01 is applied to CFDs on stocks, cryptocurrencies, and stock indices; a coefficient of 0.1 is applied to oil (exception: when calculating the real trading volume in BTCUSD, the following formula is used: volume × 100,000 / price_btcusd);
- the volume is 100 times more for Cent accounts;
- the volumes of trades closed in trading instruments where one point cost is different from one EURUSD point cost will be recalculated based on one EURUSD point cost. For example, one EURUSD point cost is $1 per lot. One EURCAD point cost is $1.041 per lot. So, the EURCAD volume will be recalculated by multiplying it by 1.041. It means that one EURCAD lot will be equal to 1.041 EURUSD standard lots. The following formula is applied when calculating the cryptocurrency real trade volume: volume × contract size / 100,000 × volume;
- deleted and canceled pending orders are not taken into account;
- locked positions are not taken into account;
- trades made before a registration deposit is made into the account are not considered;
- only the volume traded using the client’s own funds (minus credit funds) is taken into account.
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Only one deposit can be made to participate in each stage of the contest. If the client makes the 1st deposit of $60, and then makes a deposit of $700, he/she will be competing in the highest stage available for the deposit the participant made.
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In case a participant becomes the winner of 2 stages of the Ramadan Month contest, he will be awarded with the highest stage’s reward. The lowest stage prize will be credited to the next participant according to the contest rating.
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Those participants, who withdraw a registration deposit partially or in full before a raffle has started, cannot win a prize under the Geratsu Lunar New Year Draw promotion. Profits can be withdrawn without any restrictions.
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The accounts which do not show a minimal trading activity during the promotion period are not eligible for prizes.
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The Organizer has the right to deny a prize to a participant with no reason given if there is a suspicion of rules violation or if a winner has refused to verify his/her profile and provide additional information regarding his/her identity.
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The organisers guarantee that only Geratsu clients are allowed to participate in the contest. Employees of the company and other affiliates will not participate in the Ramadan Month contest.
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The Organizer has the right to disqualify a participant or a winner without explanation. The reasons for disqualification can be as follows:
- the winner refuses to verify their profile or provide copies of documents or any other identification data;
- violation or non-observance of these rules;
- failure to comply with the terms of the Client Agreement;
- registration of several client profiles belonging to the same physical person;
- opening of large opposite positions in the same trading assets on different accounts and at the same time approximately;
- use of quotes flow failures to make guaranteed profits;
- the presence of transactions, including locked trades, that last less than 2 minutes;
- ascertainment or suspicion that a Participant has committed any kind of fraudulent action to become a winner
*Any situation which is not mentioned in the company’s regulatory documents shall be sorted out by means of negotiations between the parties. A final decision shall be made by the organizer of the contest — Geratsu — and shall not be subject to any revisions.
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A participant fully accepts these conditions and rules by participating in the promotion. The up-to-date terms and conditions can be found on the promotion page of the company's official site.
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Geratsu has the right to amend the promotion terms at any time without notice.
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The prize amount may not be credited to the trading account whose leverage is greater than 1:1000.
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From the moment the prize amount is credited, it can be used within 3 months. During this period, it can be used for trading or withdrawn from the account if conditions for withdrawal are met. The prize will be canceled after the expiration of the above period.
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Contest prize fund is $2800. 26 winners will get prizes from $50 to $1000 (according to the table in p. 7.1). All winners are chosen according to the rating table of each category. Winning accounts will be published on the contest page from April 24, 2023 to April 31, 2023.
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To claim the prize, the winner should write an email to [email protected] and provide the requested additional information, including account number, identity confirmation and other.
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Organisers cannot know in advance which accounts will become the winners and have no right to interfere in the final results.