Live Trading Contest Terms – PU Prime

Conditions of Eligibility
Specific Terms and Condition
General Terms and Conditions

1.Subject to, and without prejudice to, all other Terms and Conditions, the offer is available to PU Prime’s Clients who have satisfied the Eligibility Criteria for the offer (“Eligible Clients”) as set out in the sections following hereinafter.

2.The “The Great Race - Trading Contest” may be offered by PU Prime from time to time to clients who open live trading accounts (excluding demo accounts) with PU Prime, in cases where such clients are referred to PU Prime via specific websites and/or social network sites in the context of certain specific promotions, and/or surveys that PU Prime may be running from time to time on such specific websites and/or social network sites.

3.PU Prime, at its absolute discretion, offers the “The Great Race - Trading Contest” to Client(s) from selected regions, as it deems appropriate and for as long as PU Prime deems to provide it.

4.Only persons who can form legally binding contracts under the laws applicable in their country of residence may participate in the “The Great Race - Trading Contest”. Without limiting the foregoing, participation in the “The Great Race - Trading Contest” is not allowed for persons under the age of 18 or otherwise under legal age in their country of residence (“Minors”). If you are a minor, you cannot participate in the “The Great Race - Trading Contest”.

5.Participation of “Intermediaries/Related Parties” in the “The Great Race - Trading Contest” is prohibited. If the registration and/or trading data of a participant in the “The Great Race - Trading Contest” corresponds with the registration and/or trading information, including but not limited to IP address, of another participant in the “The Great Race - Trading Contest”, PU Prime reserves the right to regard this matching as a reason for immediate disqualification. For the purposes hereof, the term “Intermediary (ies)/Related Party (ies)”, when used in these Terms and Conditions, unless the context otherwise requires, shall mean to include any person or entity bearing a relationship with any participant in the “The Great Race - Trading Contest”, including, without limitation:

a.family members, such as brothers, sisters, spouses, ancestors, lineal descendants and collateral descendants;
b.person or entity, whom any participant in the “The Great Race - Trading Contest”, directly or indirectly through one or more intermediaries, controls, or whom, directly or indirectly, through one or more intermediaries, is controlled by, or is under common control with any participant in the “The Great Race - Trading Contest”; for purposes of this definition, the term “control” (including, with correlative meaning, the terms “controlled by” and “under common control with”), as used with respect to any participant in the “The Great Race - Trading Contest”, shall mean the possession, directly or indirectly through one or more intermediaries, of the power to direct or cause the direction of management policies of such person or entity, whether through ownership of voting securities or otherwise.

6.Similarly, persons associated in any manner whatsoever with PU Prime and/or with the specific websites and/or social network sites on which PU Prime may be running from time to time certain specific promotions, contests and/or surveys, in the context of which access to the “The Great Race - Trading Contest” is offered, are not allowed to participate in the offer.

1.Any individuals who accept these Terms and Conditions outside the Registration and Contest Period will not be eligible to participate in the contest.

2.Promotion time:
Contest Period: 1 May 2024 – 31 July 2024 (system time)
Contest Ending Time: 31 July 2024 (system time)

3. Eligible countries: All countries except for prohibited jurisdictions as per the discretion of the Company.

4. Eligible accounts: Standard account, Islamic standard account

5.Eligible clients: Both existing and new clients with a live trading account

* Each client can choose only one eligible account as Participating Account

6.To participate in this contest, clients must:

a. Opt in to this contest via Client Portal, located under the “Trading Contest” tab.

b. Select a Participating Account.

c. Fund their Participating Account with the minimum funding requirement of $500 USD.

d. Participants cannot make any withdrawal or internal transfer out from their Participating Account within the contest period.

7.Opt out this contest shall be considered the end of the contest. If the client wants to opt in again, he/she needs to select another eligible account to participate.

8.Top 10 traders who have the highest profit rate (%) at the end of the contest period will be awarded with the cash prizes.

* Profit is calculated by every newly opened and closed orders made during the contest period. Locked positions, and hedged positions do not count as valid orders for this promotion.

* Profit rate (%) = [ Closed PnL / (Initial Account Balance + Initial Floating PnL + Total Deposit + Transfer In + Other Source) ] * 100%

Prize Distribution Table: Cash Prizes in USD by Ranking

9. Prize Redeem Rules:

a. By participating the contest and accepting the prize, each contestant and the winners hereby expressly consents that PU Prime:

i. May publicly announce their name and details of their participation in the contest on the websites or any other publication, social media, etc.
ii.Use a photo of the contestant in any appropriate manner and publication that PU Prime decides to use, without any recourse or compensation, and that the contestant surrenders and waives all copyright and intellectual property rights to the use of such photo in relation to the contest or PU Prime’s promotional activity.
iii.May conduct an interview with the contestant and use said interview in any publication as they wish in relation to the contest or PU Prime’s promotional activity.

b.To redeem the cash prizes, winners must fulfil the following requirements within 30 days following the end of the promotion on 31 July 2024:

i.Deposit at least $100 USD (or equivalent value)
ii. Execute trades equivalent to at least 2 standard lots of Forex, Gold, Silver, Crude Oil spot, Crude Oil Future, BTCUSD, or ETHUSD. A trade is defined as opening and closing an order, with each order being active for more than 5 minutes. Locked and hedged positions are not considered valid trades for this promotion.

c.The prize will be credited to the winner's designated trading account on 6 Sep 2024, which can be used for subsequent trading or withdrawal.

10. About disqualification:

PU Prime has the right to disqualify any contestant if:

a. A breach of these Terms and Conditions of the Operative Agreement occurs.
b. PU Prime has reasonable grounds to believe a misuse of the contest.
c. The contestant acts in bad faith and/or abusively and/or fraudulently and/or in a manner that is not in the spirit of the contest.

11. PU Prime reserves the right, at its sole discretion:

a. to decline registration of any participant in the “The Great Race - Trading Contest”; and
b. disqualify any participant in the “The Great Race - Trading Contest” who tampers with or breaches these terms outlined in this promotion, as well as any of the 'PU Prime Terms and Conditions' specified on PU Prime's website..

12. PU Prime reserves the right, at its discretion, to discontinue the offering of this “The Great Race - Trading Contest” to any of its clients without explanation. Affected clients will be informed via email.

13. PU Prime reserves the right to modify, amend or terminate the “The Great Race - Trading Contest” or any aspect of it at any time without obligation to compensate participants. Prior notice of such changes will be given to clients. Please note that taking part in the “The Great Race - Trading Contest” constitutes acceptance and agreement to abide by any such modifications, amendments and/or changes.

14. In accordance with the terms and conditions outlined in PU Prime's client service agreement, any indication or suspicion, at PU Prime’s sole discretion, of arbitrage, abuse, fraud, manipulation, or any other deceitful or fraudulent activity will result in the nullification of all previously credited credit bonuses in the Eligible Client’s real trading accounts with PU Prime, as well as any associated transactions, profits, or losses. Breach of these terms and conditions will allow PU Prime to exercise its right, at its sole discretion, to close or suspend (either temporarily or permanently) all such Eligible Client’s real trading account(s), cancel all orders, and annul all profits. PU Prime shall not be held liable for any consequences resulting from the cancellation of credit bonuses, including, but not limited to, the closure of orders due to Stop Out."

15. Taking part in the “The Great Race - Trading Contest” constitutes acceptance of these Terms & Conditions and of the PU Prime Terms and Conditions set forth on PU Prime’s website.

16. The “The Great Race - Trading Contest” is available for a limited period of time only, as indicated in the rules of engagement of the specific promotion, and/or survey of which the “The Great Race - Trading Contest” is mentioned to be a part of.

17. During the competition period, the balance/bonus cannot be transferred to any other person, cannot be transferred to other accounts held by the same client, or exchanged for other financial services or benefits provided by PU Prime.

The following conditions apply to all promotions, unless explicitly stated otherwise:

1.1.Promotions cannot be used in conjunction with any other offer.

2.All PU Prime promotions are provided in accordance with applicable laws.

3.Clients under IBs are allowed to participate. IBs’ own trading accounts are ineligible for the promotion. Clients under Affiliates are allowed to participate. The trading accounts opened by an Affiliate’s own link are not allowed to participate in the promotion.

4.PU Prime promotions are not designed to alter or modify an individual’s risk preference or encourage individuals to trade in a manner that is inconsistent with their own trading strategies.

5.Clients should ensure that they operate their trading account in a manner that is consistent with their trading comfort level.

6.New Accounts are subject to approval as per PU Prime’ account opening procedure. Individuals who apply for an account must check their local laws and regulations before applying for an account with PU Prime.

7.PU Prime reserves the right to decline any application or indication to participate in any promotion at its sole discretion, without the need to provide any justification or explain the reasons for such a decline.

8.PU Prime reserves the right to exclude and/or cancel a client’s participation in its offers or promotions if:

a.Churning (opening and closing of Forex or CFDs transaction just for the benefit of earning a benefit);
b.the client is found to be in violation of its Client Agreement or has breached the promotions Terms and Conditions. In case such misconduct or breach, PU Prime shall have the right to deduct any bonus amounts from the trading account.

9.The Company has the right to withdraw the profit gained from it without prior notice, if:

a.In case where breach of these Terms and Conditions occurs;
b.Client withdraws any amount of initial and/or any subsequent deposits without trading activity.

10.PU Prime may at any time make changes to these Terms and Conditions and will notify clients of these changes by posting the modified terms on PU Prime website. Clients are advised to revise these Terms regularly, and by client’s continued use of PU Prime website and services that client accept any such modified terms. PU Prime reserves the right to modify or cancel any offers at its sole discretion at any time.

11.PU Prime will not be liable for any loss, costs, expense, or damage which may be suffered in connection with this promotion and which by law may not be excluded by these Terms.

12.In the event of any suspicion of lock-up or hedging positions, PU Prime reserves the right to refuse the issuance of rewards, or reclaim the distributed rewards.

13.If these Terms and Conditions are translated into a language other than English, then the English version of the terms shall prevail where there is an inconsistency.

The Great Race - Trading Contest

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