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1.- Registration Phase
Every tournament starts with a Registration phase where the players can suscribe to it.
Once the player have made the payment via PayPal and it has been confirmed by the FxStars.net team, the nickname of the player will appear listed on the Lobby Tournament .
This can take about 12 hours.
Depending on the tournament this phase ends 24 or 48 hours before the start date. |
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2.- Waiting to Start Phase
When the Registration phase is over, begins a phase where the Team of FxStars.net assign a Demo Account credential to each player.
Players can find this credentials on the Lobby Tournament in which they are registered.
Depending on the tournament this phase last 24 or 48 hours . |
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3.- Running Phase
When the start date is reached, the tournament begins. From that moment until the end date, every trade will be counted for the final result.
Depending on the tournament the open positions will be cosidered for the final result. |
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4.- Finished Phase or Rewards Phase
When the tournament reach the end date, the team of FxStars.net will evaluate the result and check the tournament rules fullfilment.
The player with the highest equity at the end date will win the first place on the tournament. From there the other places will be awarded following the price structure.
If two or more players finish with the exact same equity, the prices will be added together and splitted by the amount of players that have tied (the mean). This amount will be awarded to each of those players.
The price money will be paid to the PayPal account of each winning player. Remember that Paypal charges a fee for receiving money which is about 4% of the amount recived.
This process can last about 48 hours. |
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5.- Others
Once a player is registered in a tournament he can`t unregister. No Buy-in will be refunded.
The administration fee is the 16,7% of the buy-in.
i.e
If the buy-in is $12, then USD$10 goes to the Price Pool and USD$2 is for the administration fee.
In case that the minimum amount of players for a tournament (10 players) is not reached, the players are moved to the next tournament of the same kind. |
All IFX Demo Account will have a begining balance of USD$10,000.
Every IFX Demo Account MUST NOT have any trade on its History before the tournament begining date/time. If an account does have a trade on its History, the owner of that IFX Demo Account will be disqualify.
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