These Terms and Conditions govern participation in Forex Tournaments on the website www.theforextournaments.com, operated by AKO Solutions LLC ( Organizer ), Dubai – 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:

1. Registration and Eligibility

1.1 Participants or Traders or Clients must register on the website 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 Organizer.

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

2. Organizer and Platform

2.1 The tournaments are organized and mainly sponsored by AKO Solutions LLC, Dubai.

2.2 Trading is conducted on the MetaTrader platform or another designated platform specified by the organizer. The desktop version is mainly supported by Windows systems.

2.3 Participants will trade using a simulated account with virtual 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 virtual balance provided by the organizer.

3.3 Leverage and other account settings will be determined by the organizer 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 organizer

4.2 The tournament schedule and duration will be published on the official website before registration.

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 profitability during the tournament.

5.2 Each participant must have a minimum of 3 open trades to be ranked. The participant with the highest profit at the end of the tournament will be declared the winner.

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

5.4 The top 33% of participants will receive rewards, regardless of achieving net profits or losses.

6. Entry Tickets and Prize Pool Sponsorship

6.1 Income from Entry Tickets:

Traders purchase Entry Tickets to participate in tournaments. These tickets range in value (e.g., $20, $50, $100, $200, $500) and are classified as income for the Organizer, who can use them to facilitate, organize, and sponsor the tournaments. Entry Tickets are non-refundable and serve as vouchers exclusively for tournament participation.

6.2 Prize Pool Sponsorship:

The Organizer commits to sponsoring the Prize Pool for each tournament by allocating a minimum of 85% from Entry Ticket sales. Additional sponsorships may be provided by the Organizer or third parties interested in supporting the tournaments.

6.3 Prize Pool Sponsorship Announcement:

The Prize Pool for each tournament will be announced prior to its start, and the distribution will adhere to the following structure:

If the Prize Pool  value is $100,000 USD or less, 85% of the Prize Pool will be distributed among Traders.

If the Prize Pool value is $200,000 USD or less, 90% of the Prize Pool will be distributed among Traders.

If the Prize Pool value exceeds $200,000 USD, 95% of the Prize Pool will be distributed among Traders.

6.4 Allocation of Rewards:

The Prize Pool will be allocated among the top 33% of Participants, based on their rankings, regardless of whether they achieve a net profit or incur a loss.

6.5 Reward Details:

Specific reward allocations for each ranking tier will be determined and announced prior to the start of each tournament.

6.6 Prize Pool Credit:

Winnings from the Prize Pool are credited to the Prize Pool Credit field in the Trader’s Tournix Credits. These credits can be used to purchase new Entry Tickets or requested for payout as real money, following the company’s established policies and timelines.

6.7 Non-Refundable Entry Tickets:

Entry Tickets used to enter the tournaments  are non-refundable and cannot be converted into real money. Traders can use previously purchased Entry Tickets to enter multiple tournaments, provided they have sufficient credit.

6.8 Minimum Credits Requirement:

To maintain access to the Trading platform and participate in tournaments, Traders must ensure a minimum Entry Ticket Credit of $60 USD.

7. Trader’s Prize Pool Credits and Payouts

7.1 Tournix Credits Structure:

The Tournix Credits consists of two types of credits:

Entry Ticket Credits: Used exclusively for tournament entry fees and classified as Organizer income.

Prize Pool Credits: Represents winnings from the sponsored Prize Pool.

7.2 Payouts of Prize Pool Credits:

Prize Pool Credits can be requested for payout as real money, subject to the company’s policies and timelines.

7.3 Transfer of Prize Pool Credits:

Traders may transfer Prize Pool Credits to the Entry Ticket Credit to purchase new Entry Tickets and enter additional tournaments.

7.4 Request for Real Money Conversion:

Traders wishing to payout Prize Pool Credits as real money must submit a formal payout request. Payouts will be processed according to the company’s established policies and timelines.

7.5 Operational Transparency:

The Tournix Credits operate under the company’s internal policies and are not classified as a financial instrument or digital currency. Its use is strictly limited to the functions described in these Terms and Conditions.

7.6 Agreement to Terms:

By purchasing Entry Tickets and participating in tournaments, Traders agree to these Terms and Conditions and acknowledge that all Tournix Credits transactions are subject to the company’s rules and restrictions

8. Liability and Technical Issues

8.1 The Organizer is not liable for technical issues, internet connectivity problems, or platform errors encountered during the tournament.

8.2 Participants are responsible for ensuring they meet all technical requirements, including a stable internet connection and compatible devices.

8.3 In the event of a dispute regarding rankings or payouts, participants must submit a written appeal within 48 hours after the tournament ends.

8.4 The Organizer’s decision on disputes is final and binding.

9. Amendments and Modifications

9.1 The Organizer reserves the right to amend tournament terms, rules, or schedules at any time.

9.2 Any main changes will be communicated to Participants via the official website or email.

10. Force Majeure

The Organizer shall not be held liable for delays or failures caused by events beyond its reasonable control, including but not limited to natural disasters, government actions, cyber-attacks, or other unforeseen events.

11. Acceptance of Terms

By registering for the tournaments and using the Tournix Credits, you confirm that you have read, understood, and accepted these Terms and Conditions.

Effective Date: 25.11.2024