MerriTrade is an online trading simulator that helps traders improve their trading skills. At MerriTrade, attendees can trade currencies, binaries, cryptocurrencies, stocks, and several other products without any cost. We organize tournaments for users to compete against each other. The winner of each tournament will receive a valuable reward specified by the organizer.

Transactions occurred on the MerriTrade trading simulator platform do not involve real money trading; instead, participants trade with virtual funds provided by MerriTrade. Please note that attendees will not be able to convert their account balances into cash.

Users can only trade financial assets and currencies offered by MerriTrade. The price of these assets and currencies are constantly updated using real data from the respective market.

The profit or loss incurred on the trading simulator does not reflect what attendees can achieve when trading in the real market.

Organizers are sponsors who cooperate with MerriTrade to contribute to bringing exciting tournaments and rewards for Traders.

Stop loss: also known as a stop loss order, it means a pending order to close the number of losses

Pip: this is a percentage point or point rate of interest to the price that is a unit change in the exchange rate of a currency pair. Pip is also a unit that represents the investor's profit or loss.

Offer: the price you accept to buy.

Take profit: is a profit-taking order which limits the trader's profit.

Asset: refers to the type of asset being displayed

Balance: is the amount of money you have in your account.

Buy: place a buy order when you believe a market will rise or when you want to close a position that you previously sold.

Equity: account balance plus floating profits/losses of open positions.

Free margin: is the balance in the trading account that has not been used by the trader to open a position. Therefore, traders can use it to open new trading positions. Margin is the difference between equity and margin.

Margin: is the minimum deposit required to maintain an open position.

Margin Call: also known as a margin stop order, is a measure to protect traders, help them manage risks and prevent losses.

Net P/L: total profit and loss.

Leverage: use loans to increase capital on the exchange, allowing investors to trade many times (depending on the leverage they choose) provided by the exchange.

P/L: profit/loss.

Sell: place a sell order when you believe a market is going to rise or when you want to close a position that you previously bought.

Spread: the difference between the bid and ask prices.

Volume: ie the total buying and selling needs of traders when trading.

Index: this is a number about one or more indicators related to the market. It has an impact on the price of the foreign exchange market, or is intended to forecast a certain price trend in the short term.

Open price: refers to the specified price for transactions when a trading day begins on a market.

Long: is a form of trading or betting in which you profit from the price increase of the market).

Short = is a form of trade or bet in which you profit from a decline in the market price).

Participants in tournaments at MerriTrade must be 18 years or older, residing in Vietnam and must provide a verifiable ID card.

Attendees need to register for a MerriTrade account by filling out an account registration form at www.merritrade.com.

Each participant can participate in multiple tournaments with a unique CCCD/ID/Passport verified account, as long as the tournament is still open.

Each user is not allowed to create multiple accounts to prevent cheating practices. If user is found to be in possession of multiple accounts, the user could be disqualified from the tournaments he or she is taking part in.

At MerriTrade, we believe that great privacy rests on great security. We use administrative, technical, and physical safeguards to protect your personal data, taking into account the nature of the personal data and the processing, and the threats posed. We are constantly working to improve on these safeguards to help keep your personal data secure. For more information, visit our Apple Platform Security guide.

MerriTrade uses your personal data only when we have a valid legal basis to do so. Depending on the circumstance, Apple may rely on your consent or the fact that the processing is necessary to fulfil a contract with you, protect your vital interests or those of other persons, or comply with the law. We may also process your personal data where we believe it is in our or others’ legitimate interests, taking into consideration your interests, rights, and expectations.

MerriTrade’s websites, online services, interactive applications, and advertisements may use “cookies” and other technologies such as web beacons. These technologies help us to better understand user behaviour including for security and fraud prevention purposes, tell us which parts of our websites people have visited, and facilitate and measure the effectiveness of advertisements and web searches.

Participants meeting the tournament requirements will be awarded with a prize.

The requirements for winning a prize is always presented in the tournament details.

Attendee's trading account must be an authenticated account, the account authentication standards are specified in Section V. CONDITIONS FOR PARTICIPATION

Prize winners are participants with the highest equity in their account. The number of winners are specified in the tournaments details. After the tournament has ended, the Organizing Committee will perform a verification process to ensure that no cheating has been committed. If all conditions are valid BTC will proceed to award the prize.

Prizes can be cash/coins or gifts, which will be awarded by the organizer in collaboration with MerriTrade through a bank account or trading account. The prize value will be determined through the rules of each tournament.

Final equities are counted after all the orders have been closed, either by the users or by the platform. Participants will then be ranked based on their equity.

In case of 02 or more participants with equal Equity, the one with the greater number of lots trade will have a higher rank.

If 02 or more participants have equal equity and lots, the final closing time will be calculated (no profit or loss), and the contestant with the earlier time to close the order will be the one with the highest ranking.

MerriTrade provides users a competitive trading experience with our trading simulator platform. Participants are not required to deposit any capital into the account. The organizer will provide the demo account with a fixed and equal amount of capital in all accounts. Participants will use the funds provided to participate in all tournaments. However, participants may be required to pay a fee to join the tournament

Participants will not be able to withdraw profits or total capital gained by participants at tournaments. If the participants meet the conditions in the tournament, you will receive the prize according to the regulations of the organizer.

Under no circumstances shall MerriTrade be liable for any loss of profit or loss suffered by participants in connection with tournaments at Merritrade. MerriTrade's liability to the participant (if any) is limited to the value of the products traded by the participant on www.merritrade.com.

All questions related to the tournament should be sent to e-mail support@merritrade.com, we will not handle complaints, questions not sent to this e-mail. Any questions, complaints related to internet connection speed will not be resolved.

MerriTrade reserves the right to modify, cancel or restrict this agreement to any attendee.

If MerriTrade finds that a participant is abusing the terms of this agreement for malicious purposes, MerriTrade reserves the right to withdraw the above participant's rights and cancel all services provided by the sponsors. MerriTrade.

MerriTrade reserves the right to delay, suspend or cancel this contest without prior notice, as well as to be liable to the participants. Entrant has fully agreed to these terms and conditions when registering to participate in the contest organized by MerriTrade.