TOP TRADER CONTEST TERMS AND CONDITIONS - Alpari UK

TOP TRADER CONTEST TERMS AND CONDITIONS
A. INTRODUCTION
1. These Terms and Conditions form the basis of the traders’ demo account contest called “Top Trader”
(“Contest”).
2. Taking part in this Contest constitutes acceptance of these Terms. Alpari (UK) Limited (“Alpari UK” / “the
Company” “we” / “our”) is authorised and regulated by the Financial Services Authority (“FSA”) under the
Financial Services and Markets Act 2000 and entered on the FSA’s Register of authorised persons with
registration number 448002. Alpari UK is registered in the UK, registered Company Number 05284142. Its
registered office is 201 Bishopsgate, London, EC2M 3AB. Alpari UK reserves the right to alter, amend or
terminate these Terms, or any aspect of it, at any time and without prior notice. We may make changes to
these Terms and will notify you of these changes by posting the modified terms on the Alpari UK website.
We recommend that you revisit these Terms regularly and, by your continued use of the Alpari UK website
and services you accept any such modified Terms.
3. We reserve the right, at our sole discretion, to disqualify any individual that tampers or attempts to
tamper with the operation of the Contest, or breaches the Contest’s Terms.
4. Any dispute or situation not covered by these Terms will be resolved by our management in a manner it
deems to be the fairest to all concerned. That decision shall be final and/or binding on all entrants. No
correspondence will be entered into.
5. If these Contest Terms are translated into a language other than English, the English version of the Terms
and Conditions shall prevail where there is an inconsistency.
B. REGISTRATION AND CONDITIONS OF ELIGIBILITY
6. Anyone can participate in the Contest except Alpari staff and their relatives.
7. The Contest starts on the 3rd of July 2011 at 23:00 UK Time (Sunday) and ends on the 29th of July 2011
at 22:00 UK Time (Friday).
8. To participate in the Contest, one must complete a registration form on the Alpari UK Contest website.
Registration can be done only once, and participants may preregister from 24th June 2011, but may also
register at any time after the Contest starts on 3rd July 2011 through to its conclusion on 29th July 2011.
9. During the registration one must provide his/her real name, a nickname, contact details and a number of
any form of a photo ID (ID card, passport, driving license). If the personal information provided during the
Contest registration is not correct, Alpari UK reserves the right to disqualify the participant.
10. Once the registration form has been completed, the participant will be given a Contest demo account
with a balance of $20,000.
C. TRADING ON METATRADER CONTEST DEMO ACCOUNT
11. All participants of the Contest will be trading on a MetaTrader Contest demo account specifically
designed for the Contest.
12. To be able to participate in the Contest the participant must install the MetaTrader Alpari platform
(version 4.00 build 220 and higher). The Contest server IP addresses are 193.46.204.156, 212.187.233.39
Registered Office: 201 Bishopsgate, London, EC2M 3AB. Registered in England number 5284142
Alpari (UK) Limited is authorised and regulated by the Financial Services Authority

and 84.45.12.151.
13. Only Forex is available to trade on the MetaTrader Contest demo account.
14. Telephone trading is not allowed on the MetaTrader Contest demo account.
15. Leverage on a MetaTrader Contest demo account is set to 1:100.
16. Trading on a MetaTrader Contest demo account is only enabled for the duration of the Contest.
17. Each participant can trade on one account only. If one participant trades on more than one account
he/she will be disqualified without the right to register again for this Contest.
18. If a participant uses multiple IP addresses to trade on one demo account or trades via an anonymous
HTTP/socks proxy-server, he/she may be disqualified.
19. If a participant wants to use a HTTP/socks proxy-server then he/she must send an email to
contest@alpari.co.uk stating the name, address and telephone number of the organisation which network
the participant is going to use.
D. COMPILING THE PRELIMINARY RESULTS
20. The league table will be displayed on the Alpari UK Contest home page.
21. Ranking in the league table is determined by the Percentage of Profit.
22. If two or more participants have the same Percentage of Profit then their places in the table will be
determined by the Percentage of Maximum Relative Drawdown. If the participants have the same
percentage of Maximum Relative Drawdown then their places in the table will be determined by the Profit
Factor.
23. If all three parameters have the same value for two or more participants then the priority in the table
will be determined by the date and time of registration in the Contest.
24. Alpari UK will compile the preliminary results of the Contest within 24 hours after the Contest finishes
and will publish them on the Alpari UK Contest website.
25. If the participant has any open positions at the end of the Contest duration period (Friday, 29th July,
22:00 UK Time) then such positions will be closed as follows:
• Long position will be closed at the last Bid price on MetaTrader;
• Short position will be closed at the last Ask price on MetaTrader.
26. The top 50 participants from the league table will be allocated points as follows:
A. The participant with the highest Percentage of Profit will score 50 points; the participant who has the
second highest Percentage of Profit will score 49 points and so on. The participant with the lowest
Percentage of Profit (the 50th place) will score 1 point.
B. The participant with the lowest Percentage of Maximum Relative Drawdown will score 50 points; the
participant who has the second lowest drawdown percentage will score 49 points and so on. The
participant with the highest drawdown percentage (the 50th place) will score 1 point.
C. The participant with the highest Profit Factor will score 50 points; the participant who has the second
Registered Office: 201 Bishopsgate, London, EC2M 3AB. Registered in England number 5284142
Alpari (UK) Limited is authorised and regulated by the Financial Services Authority

highest Profit Factor will score 49 points and so on. The participant with the lowest Profit factor (the 50th
place) will score 1 point.
E. COMPILING THE FINAL RESULTS
27. The final score of each participant will be determined based on the sum of all points scored.
Example:
FS = PPp + PMRDp + PFp = 34 + 47 + 43 = 124,
where
FS — Final Score;
PPp — Number of points (score) for Percentage of Profit;
PMRDp — Number of points (score) for Percentage of Maximum Relative Drawdown;
PFp — Number of points (score) for Profit Factor.
If two or more participants have the same Final Score, the participant with the highest Percentage of Profit
will be ranked higher. If the participants have the same Percentage of Profit then their drawdown
percentages will be compared and in case drawdown percentages have the same figure then the Profit
Factor results are compared.
In the event of a tie, places will be allocated depending on the Contest registration date of each contender.
28. The preliminary results are subject to appeal within 5 business days after the preliminary results are
released on the Alpari UK Contest website.
29. The final results of the Contest are confirmed within 2 business days after the end of the appeal period
noted in clause 28 above.
30. The final results of the Contest are not subject to revision.
F. PRIZES
31. Top 10 places in the league will receive a cash prize which will be credited into each participant’s Live
Account (new or existing account) at Alpari UK. The cash prize can be withdrawn by the participant at any
time.
32. The top 50 places will receive a credit of $200 deposited into each participant’s Live Account at Alpari
UK. The credit can be used for trading but cannot be withdrawn. The credit will expire 6 months after the
date it is credited into the trading account.
Registered Office: 201 Bishopsgate, London, EC2M 3AB. Registered in England number 5284142
Alpari (UK) Limited is authorised and regulated by the Financial Services Authority

The Prize Table
33. If more than one participant achieves the same number of points and reach the same ranking on the
final league table, the prize pool due to them will be evenly divided between them.
Example:
In this example, participants Nick9, Nick10 and Nick11 have the same Final Score and all other parameters
are the same. In this case the prize pool that is designated for places 9th and 10th ($250 each, $500 in
total) is shared equally between three participants.
Prize = Prize pool / Number of winners
In this example, each participant receives a prize in the amount of (250 + 250 + 0) / 3 = $166.67
Each of these three participants will receive a $200 credit for which all 50 top participants are eligible for.
Registered Office: 201 Bishopsgate, London, EC2M 3AB. Registered in England number 5284142
Alpari (UK) Limited is authorised and regulated by the Financial Services Authority

34. It is the responsibility of a participant to open a Live Account at Alpari UK in the event that he/she does
not already have an existing Live Account.
35. All participants who are eligible for a cash prize or credit in accordance with the final results published
by the Company will be contacted by Alpari UK. The participant must then respond within one month after
the Contest final results have been published. The email must be sent to contest@alpari.co.uk and include
the following information:
(a) Login and password of the Contest demo account;
(b) Scanned copy of an ID document which number was provided by the participant during the Contest
registration;
(c) Live Account number/login, type of account (Micro, Classic, Pro etc.) where the funds should go into and
the currency of the deposit.
36. It is the responsibility of the participant to claim the prize. No prizes will be awarded to those
participants who have not sent us the information requested in clause 35.
37. A credit/deposit given to the participant as a prize will only be credited into a trading account under the
name of the participant.
38. If currency conversion is required, it will be done at current spot rate as per prices provided by Alpari
UK.
39. Top three winners of the Contest are obligated to participate in the PR events organised by Alpari UK in
relation to the Contest. In case of refusal to participate in the promotional events, Alpari UK has the right to
revoke the results of the Contest for this particular participant.
40. Alpari UK is obligated not to disclose any personal information of the Contest participants without their
prior consent.
G. COMPLAINTS AND DISPUTES
41. All complaints must be sent to contest@alpari.co.uk Alpari UK will not consider a complaint lodged by
any other method.
42. The complaint must contain the Contest demo account number and details of the complaint.
43. All complaints will be considered in accordance with these Terms and Conditions, the Alpari UK’s Terms
of Business (for MetaTrader 4) and/or common market practice.
H. FORCE MAJEURE
44. Alpari UK has the right to suspend or terminate the Contest if a situation arises where the conditions
are unfair for most participants.
45. The Contest Administration has the right to suspend or terminate the Contest if its continuation is
rendered impossible due to extraordinary circumstances beyond the control of Alpari UK (natural disasters,
war, political conflict, etc).
46. In the case of suspension or termination of the Contest, the Contest Administration may resume the
Contest with the same participants (having saved or restored account data at the moment the Contest was
suspended), or hold registration again and start the Contest again from the beginning. In all cases, the final
decision will be made by Alpari UK and all information on this decision will be posted on the website with
Registered Office: 201 Bishopsgate, London, EC2M 3AB. Registered in England number 5284142
Alpari (UK) Limited is authorised and regulated by the Financial Services Authority

easonable advanced notice.
47. If the Contest is not resumed and completed, the results at the moment of suspension will not be
considered to form the grounds for the awarding of prizes.
APPENDIX 1
RANKING PARAMETERS AND DETAILED REPORTS
There are three parameters that determine the ranking in the Contest.
1. Percentage of Profit (%).
Formula:
Profit in % = Total Net Profit / Initial Deposit *100 (%),
Where:
Total Net Profit = Gross Рrofit - Gross Loss
Gross P/L does not include floating profit and loss.
2. Percentage of Maximum Relative Drawdown (%).
Drawdown is the difference between the highest peak on the EquityDaily movement chart and the
subsequent lowest peak.
An example of the Drawdown calculation for the EquityDaily movement chart is shown below:
DrawDown1 = H1 — L1 = 10012 — 9580 = 432
DrawDown2 = H2 — L2 = 10036 — 9534 = 502
DrawDown3 = H3 — L3 = 10404 — 9590 = 814
DrawDown4 = H4 — L4 = 10772 — 9952 = 820
MaxRelativeDrawdown (%) determines the maximum losses which has been fixed on the account.
Registered Office: 201 Bishopsgate, London, EC2M 3AB. Registered in England number 5284142
Alpari (UK) Limited is authorised and regulated by the Financial Services Authority

In Figure 1, the main stages of the Relative Drawdown movement are shown in numeric form. The final
value of the Relative Drawdown is the drawdown under number "3".
An example of the Relative Drawdown calculation for the EquityDaily movement chart (Figure 1) is shown
below:
PercentDrawDown1 = (H1 — L1) / H1 х 100 = (10012 — 9580) / 10012 х 100 = 4.31%
PercentDrawDown2 = (H2 — L2) / H2 х 100 = (10036 — 9534) / 10036 х 100 = 5%
PercentDrawDown3 = (H3 — L3) / H3 х 100 = (10404 — 9590) / 10404 х 100 = 7.82%
PercentDrawDown4 = (H4 — L4) / H4 х 100 = (10772 — 9952) / 10772 х 100 = 7.61%
Relative Drawdown = 7.82%
Note: In this example, Relative Drawdown "3" has a lower absolute value than the absolute value of
Drawdown "4", but a higher percentage value.
3. Profit Factor shows profitability as a correlation between the gross profit and loss.
Formula: Profit Factor = Gross Profit / Gross Loss,
where
Gross Profit — total profit (excluding floating profit), sum of profits from all profitable transactions;
Gross Loss — total loss (excluding floating loss), sum of losses from all unprofitable transactions.
CREATE A DETAILED REPORT
Follow these steps to create a Detailed Report and check your current Contest trading results:
1. Open MetaTrader 4
2. Select View → Terminal → Account History
3. Right click ad select “Save as details Report”
Registered Office: 201 Bishopsgate, London, EC2M 3AB. Registered in England number 5284142
Alpari (UK) Limited is authorised and regulated by the Financial Services Authority