Terms and Conditions

Worldwide, laws governing online financial wagering vary from one legal jurisdiction to another. It is, therefore, the responsibility of the individual to ensure that he not only understands the laws governing his online activities but that he fully complies with those laws.

The existence of this site does not nor should it be construed to constitute an offer or solicitation to anyone in any jurisdiction where participation is legally prohibited or otherwise restricted nor may it be used by anyone for the purposes of an offer or solicitation to anyone in any jurisdiction to whom it is unlawful to make such an offer or solicitation. While individuals living in certain countries are prohibited from real money participate or “Cash Tournaments” (depositing funds to enter a tournament), they are free to use the platform to “Play for Fun.”

The live, real money instruments offered within this site are only suitable for those who are able to bear the loss of a portion of or all of the money they invest and who understand and have experience of the risks involved in the purchase of the instruments offered.

WorldForexTour.com reserves the right in its sole discretion to refuse, cancel service, and/or refuse to distribute profits to anyone for any legitimate reason including, but not necessarily limited to:

• any instance when management has cause to believe that a person's activities on this site may be illegal;
• any instance when management has been approached or contacted by a legal authority or regulator wishing to enforce local laws affecting one or more contestant’s activities on the site;
• any instance where WorldForexTour.com may suffer any fiscal, regulatory, or pecuniary disadvantage by virtue of anyone’s activities at this site; and
• any instance where one or more transactions on this website are judged by management to have been performed in violation of these terms and conditions.
• any instance when management detects an attempt by anyone to hack into our server, record data, or otherwise take actions that could be used to reverse engineer the trading platform or web site. If management determines at its sole discretion that an attempt has been made to in any way compromise the integrity of servers and/or the online systems offered (whether the offender is registered to participate for fun or real money), the offender’s account will be frozen and the contestant will be permanently banned. Anyone attempting to hack into the host server will be prosecuted to the full extent of the law.

Tournament participate through this site must be effected and completed in accordance with the terms and conditions presented in this document. Tournament participation consist of accurate and confirmed registration and “buying-in” to a tournament.

It is the contestant’s sole responsibility to ensure that the desired parameters of each tournament are registered accurately.

When a contestant signs up for a tournament their account is immediately debited and is non refundable.

Payouts and prizes vary per Tournament and are clearly posted in the signup process. When a contestant signups up for a tournament they agree to the terms specified.

Each customer agrees to be fully and personally liable for the due settlement of every transaction entered into under his account. The contestant is, therefore, responsible for ensuring that he alone controls access to the account, and that no minors are granted access to participate on behalf of his account. In any case, the contestant remains fully liable for any and all positions traded on his account, and for any credit card transactions or other payment methods entered into the site for his account. Each contestant also indemnifies WorldForexTour.com in respect to all costs and losses of any kind, whatsoever as may be incurred by WorldForexTour.com as a result, direct or indirect, of the contestant’s failure to perform or settle any transaction derived from his account. This includes any transactions entered into by members of the trader’s family or entourage who may have gained access to his/her account.

Funds collected from customers are not invested by WorldForexTour.com in any security instrument, futures contract, currency, derivative or any other investments, on behalf of customers.

No person shall abuse this site for the purpose of money laundering. WorldForexTour.com employs best-practice anti-money laundering (AML) procedures. WorldForexTour.com management reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, customers who do not accept or conform to the following AML requirements and policies.

• Contestant’s must provide all requested information upon registration.
• Winnings will only be paid to the individual who initially registered to open a real account.
• When a customer maintains an account by means of telegraphic deposits, winnings will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is the responsibility of the participant to ensure that the participants account number and registered name of the account owner accompany all transfers to WorldForexTour.com.
• When a customer funds an account by means of credit/debit card deposits, winnings will only be distributed to the individual whose name appears on the card used to make the deposit and only be paid back to the same card.
• Only one account is allowed per person. No winnings may be collected on accounts opened in false names or on multiple accounts opened by the same person.
• WorldForexTour.com may, from time to time, at its sole discretion, require a customer to provide additional proof of identity such as notarized copy of passport or other means of identity verification as management deems required under the circumstances and may at it's sole discretion suspend an account until such proof has been provided to it's satisfaction.

WorldForexTour.com reserves the right to suspend the operation of this site or sections at any time to protect its financial interests, the financial interests of our contestants, and/or the integrity of the website and/or the products offered.

• When any circumstances outside the control, responsibility and power of WorldForexTour.com management, the continued operation of this site is not reasonably practicable without materially and adversely affecting and prejudicing the WorldForexTour.com’s interests; or
• When there is a breakdown in the means of communication normally employed in determining the accurate results of any tournament that is offered.

In such an event, WorldForexTour.com may at its sole discretion (with or without notice) close out customers' open tournament assignments at prices it considers fair and reasonable at such a time and no claims may be entertained against WorldForexTour.com in connection thereto.

WorldForexTour.com reserves the right to impose volume participation limits on real money accounts.

Any information given on these pages and/or emails or newsletters sent by the company related thereto, is not intended as financial or investment advice and WorldForexTour.com will not accept any liability in this respect, nor will WorldForexTour.com accept any responsibility for the accuracy or comprehensiveness of the information provided on this site.

The right is reserved to amend or change the rules and scope of this service from time to time without prior notice. Any change to the rules made whilst the site is in operation will not apply retrospectively and will only apply to the participation of tournaments made after such change. WorldForexTour.com will send an email to registered participants using the email address they used during the registration process when and if a rule change is required.

Contestants utilize a 3rd party forex trading platform provided by FxSpyder.com. Results are tabulated by FxSpyder, LTD and are reported via a custom interface on the WorldForexTour.com web site. Contestants are free to request tournament results directly from FxSpyder, LTD for comparison.

WorldForexTour.com does not make any claim or warranties to the reliability or functionality of the FxSpyder trading platform. WorldForexTour.com may not be held liable for any technical, legal or logistical issues related to the business of FxSpyder, LTD or its trading platform.

WorldForexTour.com reserves the right to change trading platforms and it’s association with FxSpyder, LTD at any time it deems necessary.

WorldForexTour.com will not be liable in any way to any persons in the event of force majeure, or for the act of any Government or legal authority or for the failure of or damage or destruction to, its computer systems, data or records or any part thereof, or for delays, losses, errors or omissions resulting from the failure or mismanagement of any telecommunications or computer equipment or software.

In the case that tournament results are reported inaccurately due to an undetected programming error, bug or glitch in our website software, WorldForexTour.com reserves the right to cancel or reverse such transactions upon notification to the customer of the nature of the computer error that led to the inaccuracy. Customers have a duty to report to WorldForexTour.com management any problems or suspected system inadequacies that they may experience and may not abuse of system problems for profit.

The transactions performed on this site and the relationship between customers and WorldForexTour.com are to be governed by and construed in accordance with the laws of the Republic of Costa Rica. As a result, participants agree that courts of the Republic of Costa Rica will have sole jurisdiction to settle any disputes that may arise in relation thereto. For such purposes, participants irrevocably submit to the jurisdiction of the courts of the Republic of Costa Rica in relation to any dispute and further agree that any claim they might may have against WorldForexTour.com shall only be brought before the courts of having said jurisdiction. In the event a dispute arises between WorldForexTour.com and a participant who uses any version of the WorldForexTour.com website or trading platform not in English, the English versions of the website and trading platform shall prevail.

You may only open an account at this site on the following conditions:

• That you have read these Terms and Conditions in full and understand that you will be participating in tournaments subject to the terms and conditions herein; and
• That you have read the privacy statement and hereby give us consent to process your personal information as provided therein; and
• That in your stated country of residence you are of legal age to enter into a legally binding contract; and
• That you have sufficient experience and knowledge in matters related to financial wagering to be capable of evaluating the merits and risks of forex tournaments via this site and have done so without relying on any information contained in this site.

WorldForexTour.com may from time to time offer bonuses. The company reserves the right to cancel/prohibit the use of these bonuses at its own discretion to prevent abuse. Should a bonus be offered, withdrawals will be allowed only when those receiving that bonus have exceeded a specified volume of activity and/or meet specified terms as they relate to bonuses.