Join the Jiwa Merdeka Trading Contest!

1. Clients must be older than 18 years old, shall already have a verified real account, registered with a valid email address and phone number, in order to be able to register and participate in the Promotion. The eligibility and participation requirements, set out herein, apply and must be met.

2. This Promotion is open to both new and existing JustMarkets Clients with residence registered in Malaysia only.

3. This Promotion is available during the next dates: Registration and Contest Period: 19 August – 15 September 2024 (all dates inclusive)

4. How enter to the Contest
     To participate in the JIWA MERDEKA Trading Contest, the Client needs:

5. Winners will be determined based on trading performance, Gain point, profit percentage, trading volume and consistency.

6. Prizes will be given to the top-10 traders with the highest Gain points.

7. Prizes for first, second, third place can be exchanged with equivalence amounts, In the event that the Prizes offered are unavailable due to circumstances beyond Company control, then the Company provides a replacement for a money prize in the indicated money equivalent to the Client's trading account that was registered in the Contest. The Cash Prize will be added to the winner's trading account within 10 working days after the Contest ends. All cash prizes are available for trading activity or withdrawal.

8. It is the winners' responsibility to pick up their prizes. Prize can be collected within the Wilayah Persekutuan Area.

9. Winners will be notified via registered emails based on the Clients Personal Area.

10. Participants are responsible for keeping their contact details up to date. Winners must be available for communication within 7 calendar days from the date of winners announcement (via email and/or by phone). In case the Company is not able to reach the winner within 7 calendar days, the cash prizes may be cancelled.

11. By entering, winners consent to the use of their name and trade achievements for promotional purposes of JustMarkets without additional compensation.

12. Participants must comply with all applicable terms and rules specified in the Client Agreement.

13. By participating in the Contest, participants acknowledge that they have read, understood and agreed to these terms and conditions.

14. One registration equates to one client, as the consideration is based on a ‘per client’ and not on a ‘per account’ basis. JustMarkets reserves the right to reject the clients’ registration form of the Eligible Clients who used the said same credentials.

15. Each registrant has the right to withdraw their consent to the processing of personal data and the above-mentioned materials at any time. A request to withdraw consent can be made by sending a letter by [email protected]. However, such acts may, at the discretion of JustMarkets, result in disruption, suspension or termination of client registration, participation in contests and the disqualification of winners from receiving prizes.

Selecting the winners of the Trading Contest.

1. Winners will be determined based on Gain Point during the Contest Trading Period.

2. The list of winners will be published on the JustMarkets website and official social media pages within 5 business days of their selection.

3. Prizes will be awarded to the top 3 traders with the highest Gain Points and the 50 USD cash prizes will be given to the fourth to tenth place winners.

4. In this Trade Competition, Gain Points are calculated according to the formula:

5. Profit days are calculated as the number of days from the start of the Competition until the latest day when the Client managed to gain at least 0.01 USD (through open and closed transactions). We use open and close orders to determine whether the day is "profitable" or not. If the Client has open orders at the end of the day, its performance may affect this calculation. The day starts at 00:00:00 GMT+3, and the day ends at 23:59:59 GMT+3 (server time).

6. Trading deals can be opened on the account registered in the Contest on the start date of the Contest. But please note if the Client has withdrawn or lost part of the funds on the account, and on the start date of the Contest the account balance is less than the minimum deposit of $100, then the Start Equity will be equal to 100 USD, so it will be more difficult for the Client to achieve high results.

Calculation Example:

Clients trade in the Competition for five days and receive daily results:

At the start of the Competition, the Client has 100 USD in the account (Equity = 100 USD)

Day 1: The Client makes a profit of 50 USD and Day profit = 1 Gained points = (Profit – Withdrawal) / (Starting Equity – Starting Credit + Deposit) * 100 * Profit days = (50 - 0) / (100 - 0 + 0) * 100 * 1 = 50 gain points.

Day 2: The client makes an additional deposit worth 100 USD and receives a profit of 30 USD. Profit day = 2 Points gained = (80 - 0) / (100 - 0 + 100) * 100 * 2 = 80 points gained.

Day 3: Client makes a withdrawal of 50 USD and receives a profit of 20 USD.
Profit day = 3 Gaining points = (100 - 50) / (100 - 0 + 100) * 100 * 3 = 75 gaining points (as you can see, even if the profit is received, the Gaining points indicator falls due to withdrawals made during the Competition)

Day 4: Client loses 30 USD. Profit day indicator remains the same:
Profit day = 3 gaining points = (70 - 50) / (100 - 0 + 100) * 100 * 3 = 30 gaining points.

Day 5: Client gains 90 USD. The Profit day indicator increases by 1 again because the Client is profitable again:

Profit day = 4. Profit points = (Profit - Withdrawal) / (Start Equity – Start Credit + Deposit) * 100 * Profit day =Profit point = (160 - 50) / (100 - 0 + 100) * 100 * 4 = 220 gaining points (160 - 100) / (100 - 0 +200) * 100 = 20 * 4 = 80 gaining points

Rights and Waiver

1. JustMarkets reserves the right to refuse any registration from an Eligible Client who engages in any prohibited trading activities, as described in the JustMarkets Client Agreement.

2. JustMarkets reserves the right to remove clients who provide false and fraudulent details during registration.

3. In case of a match of IP address or personal data or other signs of accounts belonging to different Clients, such accounts can be banned from participating in the Contest.

4. JustMarkets reserves the right to reject or disqualify any participant, who violates these terms and/or the Client Agreement set out on the JustMarkets website without explaining the reason In these circumstances, JustMarkets will not be responsible for any consequences of cancellation of registration and/or participation.

5. The Company reserves the right to change and update the terms of the promotion at any time, as well as cancel the Contest without prior notice.

6. Any situation not specified in these terms will be subject to the Company's decision.

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