These Terms and Conditions govern participation in Forex Tournaments on the website www.theforextournaments.com, operated by AKO Solutions LLC (“Company”), Iridium Building, Al Barsha, Dubai, United Arab Emirates – Trade Licence 887171. By registering, purchasing Tournix Entry Ticket Credits and participating in these tournaments, you agree to comply with the following rules and conditions:

TECHNICAL SERVICE PROVIDER CLARIFICATION

AKO Solutions LLC acts solely as a technical service provider. The Company is not the organizer or sponsor of any individual tournament. Instead, the Platform (website, webapp, trading platfom) enables independent Traders to organize, host, and participate in their own tournaments through automated systems and templates provided by the Platform. All prize pool distribution is automatically managed by the Platform, and the Company has no stake in trader losses or profits. This structure removes any conflict of interest commonly seen in traditional trading environments.

All transactions on the Platform are conducted in a virtual internal utility unit called Tournix. This unit is not a currency or a financial instrument and is used strictly for fast and efficient internal transactions within the Platform. When a Trader requests a payout, the corresponding amount will be paid in real cryptocurrency to their designated crypto wallet, subject to payout conditions.

Entry fees paid in Tournix are automatically pooled and redistributed among the top 33% of performers in each tournament. Rankings are determined by the percentage of profit achieved. This means that the first-ranked trader may be in strong profit, the 20th in neutral territory, and the 30th even in a small loss—but they all may still fall within the top 33%.

All tournament results, prize distributions, and Tournix transactions are recorded and may be audited for transparency purposes. The Platform is committed to maintaining a fair and verifiable environment for all users.

All personal information is stored securely in compliance with applicable data protection laws. We do not share trader data with third parties.

 1. Registration and Eligibility
1.1 Participants or Traders or Clients = USERS must register on the Platform to join any tournament.

1.2 By registering, participants confirm they are over 18 years old and accept all tournament rules.

1.3 Registration requires providing accurate information, including name, email, and other details requested by the Platform.

1.4 The Platform reserves the right to verify participant eligibility and disqualify any participant found violating the terms.

1.5 All rewards are structured as educational incentives for participants who demonstrate the best performance in simulated environments. Participation does not involve real-money trading or investment management. The reward is given for achieving an educational and competitive goal, not as a return on investment.

 1.6 The Company does not provide investment services, portfolio management, financial advice, or access to real-money trading.

2. Platform Function and Scope
2.1 The Company does not act as the organizer or sponsor of any tournament. Tournaments are independently created and operated by users of the Platform.

2.2 Trading is conducted on the Licensed Trading platform specified within the Platform. 

2.3 Users will trade using a performance account with virtual – digital capital and must adhere to the tournament rules.

 3. Trading Rules and Conduct
3.1 All trades must comply with the platform’s rules and ethical standards.

3.2 Trading accounts will start with a digital balance as defined in the tournament settings.

3.3 Leverage and other account settings will be determined by the tournament setup and announced before the tournament begins.

3.4 Participants must use their skills and knowledge to trade and are prohibited from employing manipulative tactics, including using external software or tools.

3.5 Any detected manipulation or rule-breaking will result in immediate disqualification.

4. Tournament Format and Duration
4.1 Tournaments may have different formats and durations, such as:

• Hourly
• Daily
• Weekly
• Other custom schedules specified by the tournament creator if platform allows

4.2 The tournament schedule and duration will be published on the Platform by Traders or Partners.

4.3 Each tournament has a fixed start and end time. Late entries will not be accepted once the tournament has started.

 5. Winning Criteria and Rankings
5.1 Participants will be ranked based on their percentage of profit during the tournament.

5.2 Each participant must have a minimum of 3 open trades to be ranked.

5.3 Rankings will be updated in real-time and displayed on a leaderboard accessible on the Platform.

5.4 The top 33% of participants will receive rewards, even if their final result is negative, as rankings are calculated relatively.

6. Entry Tickets and Prize Pool
6.1 Traders purchase Entry Tickets to participate in tournaments. These tickets range in value (e.g., $20, $50, $100, $200, $500) and are used to activate participation in the tournament. Entry Tickets are non-refundable and serve as vouchers exclusively for tournament participation unless the tournament is canceled or significantly disrupted due to a verified platform error. In such cases, users may request a full refund of the unused Entry Ticket.

6.2 The Platform’s automated system distributes prize pools based on tournament rules. The system generally allocates rewards to the top 33% of performers, though this structure may vary per tournament.

6.3 Winnings are credited as Prize Pool Credits in the Trader’s Tournix Wallet. These may be converted to real money or reused for Entry Tickets based on company procedures.

6.4 Minimum Payout Requirement: Traders must accumulate at least $200 in Prize Pool Credits before requesting a real-money payout.

6.5 Minimum Credits Requirement: To maintain access to the Trading platform and participate in tournaments, Traders must ensure a minimum balance of $20 USD.

 7. Trader’s Prize Pool Credits and Payouts
7.1 Tournix Credits Structure:

• Entry Ticket Credits: Used for tournament entries.
• Prize Pool Credits: Represent tournament winnings.
• Tournix cannot be bought, sold, or transferred between users and has no external market value. It is strictly limited to internal use within the Platform for entry and reward management.
• Tournix credits are isolated from operational budgets and are fully reserved for user payouts. This model ensures that all trader rewards are paid out in full upon request, subject to verification and terms

7.2 Payouts and Transfers:
Prize Pool Credits may be converted to real money or transferred to Entry Ticket Credits to rejoin tournaments.

• Minimum payout request is $200.

• Payouts are processed within 1 business days after successful request approval.

• The Company may request identity or wallet verification before processing the payout.

• Blockchain transaction/network fees are deducted from the total amount.

7.3 Regulatory Disclaimer:
Tournix is not a digital currency or financial product. It functions strictly within the Platform’s ecosystem to facilitate internal transfers and operations. All rewards are distributed from pre-funded liquidity held separately from company operating accounts. The Company guarantees that all eligible payouts will be honored within the published timeframes, subject to compliance verification.

7.4 Funds Allocation and Payment Transparency
All payments made by users for Entry Tickets are credited to a designated and separated company account. Funds in this account are used exclusively for two purposes:

1. Payouts of reward credits to eligible traders, and

2. Payment of service fees to AKO Solutions LLC for providing and maintaining the technical infrastructure of the Platform.

No other operational or external expenses are paid from this account. This ensures full transparency and separation between user-facing prize pool management and company operations.

7.5 Agreement to Terms:
By using Tournix, you agree to these policies.

 8. Liability and Technical Issues
8.1 The Platform is provided “as is”. The Company is not liable for technical issues, connectivity problems, or platform malfunctions.

8.2 Users are responsible for ensuring technical compatibility.

8.3 Any technical issues or reward-related disputes must be submitted in writing to info@theforextournaments.com within 24 hours after the tournament ends. The platform will investigate and respond within 5 business days. All decisions by the Company after review are final

 9. Amendments and Modifications
9.1 The Company may revise these Terms at any time. Changes will be posted on the website.

 10. Force Majeure
The Company is not liable for failures caused by ANY uncontrollable events.

11. Compliance or Identity Verification

To comply with applicable laws and ensure the integrity of the reward system, the Company reserves the right to MAY request identity verification, including wallet ownership confirmation, before processing any withdrawal. This policy aligns with standard AML (Anti-Money Laundering) practices.

 12. Acceptance of Terms
By registering and participating, you agree to these Terms and Conditions.

Our goal is to provide a transparent and fair environment where traders can compete, learn, and grow. We believe in rewarding skill and commitment.

UPDATE: Effective Date: 02.05.2025