The website and the associated trading game www.next-trading-star.com are marketing offers by ayondo GmbH.
This competition offer from ayondo GmbH is aimed exclusively at participants in the ayondo trading game; www.next-trading-star.com. In order to participate, registration through ayondo on the www.next-trading-star.com website is required.
The trading game starts on 14.11.2016 and ends on 01.02.2018. In order to be eligible the first trade must be placed by 06.02.2017.
Participation is limited to one actively registered Top Trader profile per person for the trading game (as deemed under point 1). For the successful registration of an account for the championship, you must verify your contact number.
Both Virtual and Real Money Traders can participate in the competition, however only Real Money Traders are eligible to receive prizes in the competition for ascending the levels from level 2 – 5 onwards.
To obtain Real Money Trader status you are required to open a trading account at ayondo markets Ltd and fund the account with a minimum £1,000.
Existing Real Money Traders participating in the trading game receive the following prizes only upon reaching the subsequent 2nd, 3rd, and 4th levels of the ayondo trading career sequentially for the first time(More information about the ayondo trading career can be found at http://www.ayondo.com/en/social/top-trader/how-it-works/).
The grand prize consists of a prize pool, and the size of this prize pool corresponds directly to the number of participants of the trading game (start of the final phase). The total amounts are distributed equally based on the following scale model:
The scale model for distribution above calculated will be distributed in equal amounts to the participants who reside in level 5 in the ayondo trading career at the end of the trading game. End date; 01.02.2018
(Example: 870 participants have taken part in the competition. Should 5 traders have reached the highest level (5), then each of these traders would receive $30,000. Should only one trader reach the highest career level in this scenario, then this participant will receive $150,000).
Payment will be made to the Real Money Trader’s account from ayondo markets Ltd within four weeks after confirming the winner(s).
Payment of the prize money according to (8) is made to the trading account of the participating Top Trader profile and can be debited from the trading account after this is credited.
As the trading game described here is a marketing campaign from ayondo GmbH, it cannot be combined or used with any other currently active campaigns from ayondo GmbH or ayondo markets Ltd.
The trading activities of the Real Money Trader participants in the trading game are subject to the General Terms and Conditions of ayondo markets Ltd., which come into effect once the account opening at ayondo markets Ltd. is successfully completed.
The career level is determined by ayondo GmbH. The underlying model is described here: www.ayondo.com/en/social/top-trader/how-it-works. The base calculations are formed by the Top Trader’s trading activities.
ayondo GmbH reserves the right to withhold payment of any profits made by a client using this offer if we believe that the spirit of this offer is being abused or irregular trading patterns are observed. The ayondo GmbH will resolve any disputes whether or not covered by these conditions in a fair and appropriate manner, and its decision will be final.
ayondo GmbH, Niddastraße 91, 60329 Frankfurt am Main / Germany. ayondo GmbH is authorised as the investment and contract brokerage according to § 1 Article 1a sentence 2 of the German Banking Act (KWG), and as the acting and tied agent pursuant to § 2 paragraph 10 of the German Banking Act (KWG), under the responsibility of the financial services institution (pursuant to § 2 Paragraph 10 of the German Banking Act (KWG) of DonauCapital Investment GmbH.
ayondo GmbH operates in conjunction with DonauCapital Investment GmbH by way of open delegate and does not operate any other service within the meaning of § 1 para. 1a sentence 2 German Banking Act (KWG)