The Genesis and Genesis Prime competitions are aimed at finding effective and perspective managers.

Level of yield is not the major criterion for assessing a participant's trading activity. When assessing a participant's performance, attention is mainly focused on compliance with risk and money management, as well as on the systemic nature of the trading activity.

Trading activities of each participant are analyzed on a case-by-case basis.

To participate in the Genesis competition, the participant does not contribute his/her own funds – ICE FX provides the funds for participation. However, the participant will be able to receive additional bonus funds when he/she contributes his/her own funds.

The competition consists of four rounds, each lasting for 13 weeks (calendar quarter). A contestant can take part only at the beginning of a new round after submitting application for participation not less than 2 weeks before the start of the round* and having received approval from ICE FX. A contestant can apply for participation in the competition at the beginning of any of the following rounds (not necessarily at the beginning of the next round).

* For participants starting to trade at the 15/01/2017 – 30/03/2017 round, the deadline for submission of applications is 16/02/2018
(due to delay in publication of the rules, terms and conditions of the competition) and they will be eligible to participate in the 15/01/2017 – 30/03/2017 round.

Requirements for applicants

  1. An applicant must provide a third-party trade monitoring system (in any company) that meets the following requirements:
    • The third-party monitoring system is verified;
    • There is open access to the applicant's list of completed transactions;
    • The duration of continuous trading is at least 6 months (26 weeks);
    • The expectancy (ME) of trade is at least 2 pips (four-digit) for Forex instruments and at least 20 pips for metals;
    • There is trade monitoring for both real and demo accounts;
    • A third-party monitoring system from any company is allowed.*
    * In case the trade was carried out in a third-party company (not in ICE FX), confirmation that the third-party monitoring system belongs to the applicant may be requested.
  2. On a case-by-case basis, a managed account with a trade history can be admitted to the competition if it was traded within the risk management requirements of the competition account.
  3. A client of ICE FX cooperating with the company as a manager on individual terms (for example, a manager whose managed account is in one of the indices) cannot apply for the competition if the competition requires trading under the same trading strategy as in the account that has individual terms. The client can apply for the competition if the competition requires trading under a trading strategy that is different from that used on the account that has individual terms.
  • Each application for the competition is analyzed on a case-by-case basis.
  • An application may be rejected without explaining the reasons.

Requirements for participants

Any applicant accepted to participate in the competition becomes a participant. A participant is obliged:

  1. To maintain continuous contact with the company's risk manager overseeing the competition;
  2. To publicly submit a third-party monitoring system for the competition account.
  3. To open and maintain a topic for discussion of his/her trading activity on the company's official forum.

Trading requirements

  1. Maximum leverage is 1:20;
  2. Maximum loss on equity account per week is 10%;
  3. Maximum drawdown on equity during the competition is 20%;
  4. The total yield for each round separately is not less than 0%;
  5. The total yield for all the rounds put together (from 2nd to 4th round) is not less than "2% * (number of rounds)";
  • If the competition account has multi-copies, all the parameters specified in paragraphs 1 to 5 apply to the "basic" (x1) MA.
  • The company establishes the risk management parameters specified in paragraphs 1 to 3 compulsorily.
  • In exceptional cases, risk management parameters can be adjusted at the participant's request and in accordance with the trading strategy requirements.
  • Exceeding the loss levels established in paragraph 3 leads to immediate removal of the participant from the competition. More about exclusion from the competition.
  • In exceptional cases, the risk management department of ICE FX may decide not to apply the requirements contained in paragraphs 4-5 to a participant at any round.
  • At the discretion of the risk management department, a participant may be left to repeat the current round of the competition.
  • Account equity in this case is understood to be the aggregate of the following: contestant's own funds, bonuses received and profits received (but not withdrawn). Equity is calculated taking into account the contestant's open trading positions.
Round Multi-copy 3 Unconditional bonus 1 Deposit bonus 1 MA Rating Rebates (% of commission) Investment acceptance Company's investments
(investors' funds)
1 MAx1 + $1,0002 C 10%
2 MAx1 + $500 +10% C 10% + $1,0004
3 MAx1 + $500 +10% C 10%
4 MAx1 +15% B 10%
MAx2 + $1,000 +15% + $1,0004
End of competition MAx1 +15% A 15% $50,000 in MAx1 or equivalent in another multi-copy
MAx2 +15%
MAx3 + $1,000 +15%
Notes:
  1. Bonuses are awarded at the beginning of each round.
  2. In the event that a trade complying with the required risk levels requires more funds, the amount of the initial bonus can be increased, with a further equivalent reduction in the bonus funds provided in the next rounds.
  3. A participant may open any multi-copy of the competition account at any time with his own funds.
  4. Funds are paid into the PAMM component of a managed account in order for the PAMM module to operate without additional funds from the participant.

Competition rounds

  1. The competition consists of four rounds. Each round lasts for 13 weeks (3 calendar months).
  2. The total duration of the competition is 52 weeks (1 year).
  3. The order by which the rounds are calculated (from the 1st to the 4th round) is personalized (depends on when a participant starts his/her participation in the competition).
  4. An applicant can apply for participation in the competition at any time and can choose when to start his/her participation in the competition (at the beginning of any future round).
  5. An participant can start participation in the competition only at the beginning of a new round.
  6. The first 12 weeks of each round are called the "main period". During the main period, a participant cannot add or withdraw funds from the competition account.
  7. The last week of each round is called the "transition period". During this period:
    • The participant can deposit and/or withdraw funds from the competition account,
    • Bonus funds are credited/paid out,
    • ICE decides to promote a participant to the next round or to remove him/her from the competition.
  8. At the participant's request, his/her participation in the competition can be suspended for a period of at most 1 year (4 rounds).

End of competition

A contestant, who has passed all the 4 rounds of the competition, is considered a finalist and he/she receives a number of additional bonuses and privileges. In addition, his/her trading requirements is lowered.

Additional privileges:

  1. The finalist's managed account will be included in the Genesis index.
    • Inclusion into the Genesis index entails standard limits and requirements inherent in indexed managed accounts.
    • A finalist may refuse being included in the Genesis index.
    • Removal from an index is made at the discretion of the risk management department of ICE FX.
  2. A finalist receives investments from ICE FX – $50,000 in MAx1 or an equivalent in any other multi-copy.
    • Investments from ICE FX are of the type "Investors' funds".
    • A finalist may choose a multi-copy to which the company's investments will be distributed.
    • The company's investment amount is calculated as: ($50,000)/n, where n is the multiplier of the managed account.
    • Company's investments are canceled if the maximum drawdown exceeds 20%.
  3. A finalist can open a multi-copy of MAx3 with an unconditional bonus of 1,000 USD as the manager's funds.
  4. The finalist's managed account will be moved to "A" rating.
    • "A" rating requirements will not apply for this managed account for six months (26 weeks).
    • After the 26 weeks, the finalist's managed account will be again subjected to the standard rating requirements.
Bonuses:
  1. A finalist receives a +15% deposit bonus for each of the multi-copies of the competition managed account.
  2. All bonuses received during the 4 rounds of the competition are retained.
  3. The rules for using earned bonuses are retained.
  4. All bonuses are canceled if the maximum drawdown exceeds 20%.
Rebate:
  1. The share of rebates from the commission paid increases by 5% to reach 20% (against 15% during the competition).
  2. Funds received through rebates can be withdrawn at any time (during the competition, they can be withdrawn only in the transition period).
  3. Other standard rules applied to rebates remain.
Requirements for finalists:
  1. Risk management requirements are retained – if the maximum drawdown exceeds 20%, bonuses and company's investments will be cancelled).
  2. The yield requirements are cancelled.
  3. The requirement to keep in touch with the risk management department of ICE FX is retained if the finalist is in the Genesis index and is cancelled if the finalist refuses to be included in the index or is excluded from the index.
  4. Refusal to maintain contacts with the risk management department of ICE FX and refusal to execute trade directives received from employees of this department will lead to removal of the finalist from the Genesis index.
  5. Refusal to maintain contacts with the risk management department of ICE FX and refusal to execute trade directives received from employees of this department does not lead to cancellation of bonus funds or company's investments.
  6. The requirement to maintain a topic dealing with the managed account at the company's official forum is cancelled.

Anyone who has reached the age of 18 can apply for the Genesis Prime competition. The deadline for submitting an application is no later than two weeks before the start of a new round of the competition (dates of competition rounds are published on the company's official website).

Application for participation in the competition is submitted via e-mail to [email protected] with the following information:

  • Surname, name, middle name (or patronymic name) and date of birth;
  • Login in the company (if any). The Login is the e-mail address specified when registering as a client;
  • Name of the competition in which you want to participate (Genesis or Genesis Prime);
  • The date when you want to start participating. The date must coincide with the beginning of one of the competition rounds. The graphical schedule of the competition is published on the company's website;
  • Link on myfxbook.com to the third-party monitoring system (in any company) for the participant's trading activity. Requirements for the monitoring system are contained in the "Requirements" tab.
  • A brief summary and description of the trading strategy.

Deposit and withdrawal

  1. A participant can deposit funds to or withdraw funds from the competition account only during the "transition period" (the 13th week of each round).
  2. Deposit/withdrawal requests received outside the "transition period" are considered on a case-by-case basis and may be rejected without explanation.
  3. A participant may withdraw the following deposit funds from a competition account:
    • The contestant's own funds deposited in the competition account;
    • Profit earned from trading activity;
    • Part of bonus funds received from rebates.
  4. At the end of a competition, the participant may withdraw his/her deposit funds at any period.
  5. If the competition account has bonus funds that are credited as a deposit bonus and if there is a request for withdrawal of a part of the deposit funds being used to calculate the bonus amount, the deposit bonus amount will reduce in proportion with the amount being withdrawn.
  6. If there are bonus funds on the competition account credited as a deposit bonus and there is a request for withdrawal of a part of the profit and/or rebate credited after receiving this bonus, the deposit bonus amount will remain the same.

Bonus funds

  1. Bonuses are funds credited to a participant for successfully completing a round in the competition or for depositing funds into his/her competition account.
  2. Bonuses are funds credited to the competition account as manager's funds.
  3. Funds credited to the competition account as investor funds are not bonus funds.
  4. A participant cannot withdraw all bonus funds from the trading account to his ICE FX personal account, except for those deposit funds received from rebates.
  5. If a competition account makes a loss, the loss is distributed between the bonus and deposit funds in proportion to their amounts.
  6. The total amount of bonus funds available to be received by one participant for the entire duration of the competition is $10,000.
  7. Bonus funds are credited in the last weekend of each round.
  8. All bonuses are added to each other, unless otherwise stipulated.
Types of bonuses:

Deposit bonus – bonus funds credited on the participant's deposit. If a part of the deposit involved in calculating the deposit bonus is withdrawn, the deposit bonus amount will be reduced in proportion to the withdrawal share of the entire deposit. If a part of the deposit not involved in calculating the deposit bonus (deposit formed after the bonus has been credited) is withdrawn, the size of the deposit bonus does not change.

Balance of the deposit at the moment of the bonus calculation is used for the calculation of the size of the bonus.

Unconditional bonus – bonus funds credited to the participant for successfully completing one of the rounds in a competition. This type of bonus can be canceled only when the participant is removed from the competition (for active participants) or when he/she exceeds the risk management limits (for finalists). Withdrawal (by a participant) of deposit funds from the account does not affect the size of the unconditional bonus.

Deposit – is a collection of funds of all the multi-copies of the competition account. It includes:

  • The contestant's own funds deposited in the competition account;
  • Profit earned from trading activity;
  • Part of bonus funds earned through rebates.

Removal from competition

  1. A participant may be removed from competition for the following reasons:
    • Suspicion of fraud (including suspicion of providing someone else's trade monitoring system for participation in the competition);
    • Violation of the rules of the competition or failure to comply with the requirements for participants;
    • Exceeding or reaching the maximum drawdown established by the rules;
    • Abuse of "toxic" money management methods (martingale, averaging, overstaying in loss-making trades);
    • Conflict with the company's employees, regardless of the reasons for such;
    • Obvious deviation from the trading strategy used on the monitoring system earlier provided when applying for the competition;
    • Ignoring the trade directives of employees of the risk management department of ICE FX;
    • Refusal to open and maintain a topic for discussion of the participant's trading activity on the company's official forum;
    • Voluntary refusal to participate in the competition;
    • Other actions of the participant that run contrary to the logic and objectives of the competition, which could not be envisaged in advance.
  2. A participant cannot appeal against removal from a competition.
  3. If a participant is removed from a competition:
    • All bonuses are canceled;
    • Rebates that are not withdrawn can still be withdrawn (not canceled);
  4. Trading in the competition managed account can be continued by the participant provided that the participant's own capital is sufficient for this;
  5. Having been removed from a completion, a person can participate again in that competition within at least 6 months (2 competition rounds) after the romoval.

Rebates

  1. Bonus funds received by a participant can be converted into funds withdrawable from the account by receiving trading rebates.
  2. The share of rebates from the commission paid for the Genesis Prime competition is:
    • 10% for active participants of the competition,
    • 15% for finalists.
  3. Rebates are the bonus amount, equivalent to the established part of the commission paid to ICE FX by a participant for his/her trading activities.
  4. In calculating the amount of rebates to get, a commission paid only from trades carried out on the manager's funds (including bonus funds) is used. The commission paid from trades carried out on investors' funds is not taken into account when calculating the size of rebates.
  5. The amount of bonus funds is reduced as they are converted into withdrawable funds from rebates.
  6. The rebate amount cannot exceed the size of bonus funds.
  7. Rebates are a part of the participant's deposit, and can be withdrawn from the competition account:
    • During the "transition period" – for active participants of the competition;
    • At any time – finalists.
  8. The amount of rebates available for withdrawal is updated once a week during a weekly rollover.
  9. Rebates that are available for withdrawal but have not been withdrawn at the time of crediting the deposit bonus are considered a participant's deposit, and are included in the base for calculating the deposit bonus.

The Genesis and Genesis Prime competitions are aimed at finding effective and perspective managers.

Level of yield is not the major criterion for assessing a participant's trading activity. When assessing a participant's performance, attention is mainly focused on compliance with risk and money management, as well as on the systemic nature of the trading activity.

Trading activities of each participant are analyzed on a case-by-case basis.

To participate in the Genesis competition, the participant does not contribute his/her own funds – ICE FX provides the funds for participation. However, the participant will be able to receive additional bonus funds when he/she contributes his/her own funds.

The competition consists of four rounds, each lasting for 13 weeks (calendar quarter). A contestant can take part only at the beginning of a new round after submitting application for participation not less than 2 weeks before the start of the round* and having received approval from ICE FX. A contestant can apply for participation in the competition at the beginning of any of the following rounds (not necessarily at the beginning of the next round).

* For participants starting to trade at the 15/01/2017 – 30/03/2017 round, the deadline for submission of applications is 16/02/2018
(due to delay in publication of the rules, terms and conditions of the competition) and they will be eligible to participate in the 15/01/2017 – 30/03/2017 round.

Requirements for applicants

  1. An applicant must provide a third-party trade monitoring system (in any company) that meets the following requirements:
    • The third-party monitoring system is verified;
    • There is open access to the applicant's list of completed transactions;
    • The duration of continuous trading is at least 3 months (13 weeks);
    • The expectancy (ME) of trade is at least 2 pips (four-digit) for Forex instruments and at least 20 pips for metals;
    • There is trade monitoring for both real and demo accounts;
    • A third-party monitoring system from any company is allowed.*
    *In case the trade was carried out in a third-party company (not in ICE FX), confirmation that the third-party monitoring system belongs to the applicant may be requested.
  2. On a case-by-case basis, a managed account with a trade history can be admitted to the competition if it was traded within the risk management requirements of the competition account.
  3. A client of ICE FX cooperating with the company as a manager on individual terms (for example, a manager whose managed account is in one of the indices) cannot apply for the competition if the competition requires trading under the same trading strategy as in the account that has individual terms. The client can apply for the competition if the competition requires trading under a trading strategy that is different from that used on the account that has individual terms.
  • Each application for the competition is analyzed on a case-by-case basis.
  • An application may be rejected without explaining the reasons.

Requirements for participants

Any applicant accepted to participate in the competition becomes a participant. A participant is obliged:

  1. To maintain continuous contact with the company's risk manager overseeing the competition;
  2. To publicly submit a third-party monitoring system for the competition account.
  3. To open and maintain a topic for discussion of his/her trading activity on the company's official forum.

Trading requirements

  1. Maximum leverage is 1:20;
  2. Maximum loss on equity account per week is 10%;
  3. Maximum drawdown on equity during the competition is 30%;
  4. The total yield for each round separately is not less than 0%;
  5. The total yield for all the rounds put together (from 2nd to 4th round) is not less than "2% * (number of rounds)";
  • If the competition account has multi-copies, all the parameters specified in paragraphs 1 to 5 apply to the "basic" (x1) MA.
  • The company establishes the risk management parameters specified in paragraphs 1 to 3 compulsorily.
  • In exceptional cases, risk management parameters can be adjusted at the participant's request and in accordance with the trading strategy requirements.
  • Exceeding the loss levels established in paragraph 3 leads to immediate removal of the participant from the competition. More about exclusion from the competition.
  • In exceptional cases, the risk management department of ICE FX may decide not to apply the requirements contained in paragraphs 4-5 to a participant at any round.
  • At the discretion of the risk management department, a participant may be left to repeat the current round of the competition.
  • Account equity in this case is understood to be the aggregate of the following: contestant's own funds, bonuses received and profits received (but not withdrawn). Equity is calculated taking into account the contestant's open trading positions.
Round Multi-copy2 Unconditional bonus1 Deposit bonus1 MA Rating Rebates (% of commission) Investment acceptance Company's investments
(investors' funds)
1 MAx1 10%/15%/20% C 15%
2 MAx1 10%/15%/20% C 15%
3 MAx1 15%/20%/25% B 15%
MAx2 + $1,000 15%/20%/25% + $1,0003
4 MAx1 15%/20%/25% B 15%
MAx2 15%/20%/25%
MAx3 + $1,000 15%/20%/25% + $1,0003
End of competition MAx1 20%/25%/30% A 20% $100,000 in MA1 or equivalent in another multi-copy
MAx2 20%/25%/30%
MAx3 20%/25%/30%
Notes:
  1. Bonuses are awarded at the beginning of each round.
  2. A participant may open any multi-copy of the competition account at any time with his own funds.
  3. Funds are paid into the PAMM component of a managed account in order for the PAMM module to operate without additional funds from the participant.

Competition rounds

  1. The competition consists of four rounds. Each round lasts for 13 weeks (3 calendar months).
  2. The total duration of the competition is 52 weeks (1 year).
  3. The order by which the rounds are calculated (from the 1st to the 4th round) is personalized (depends on when a participant starts his/her participation in the competition).
  4. An applicant can apply for participation in the competition at any time and can choose when to start his/her participation in the competition (at the beginning of any future round).
  5. An participant can start participation in the competition only at the beginning of a new round.
  6. The first 12 weeks of each round are called the "main period". During the main period, a participant cannot add or withdraw funds from the competition account.
  7. The last week of each round is called the "transition period". During this period:
    • The participant can deposit and/or withdraw funds from the competition account,
    • Bonus funds are credited/paid out,
    • ICE decides to promote a participant to the next round or to remove him/her from the competition.
  8. At the participant's request, his/her participation in the competition can be suspended for a period of at most 1 year (4 rounds).

End of competition

A contestant, who has passed all the 4 rounds of the competition, is considered a finalist and he/she receives a number of additional bonuses and privileges. In addition, his/her trading requirements is lowered.

Additional privileges:

  1. The finalist's managed account will be included in the Genesis index.
    • Inclusion into the Genesis index entails standard limits and requirements, inherent in indexed managed accounts.
    • A finalist may refuse being included in the Genesis index.
    • Removal from an index is made at the discretion of the risk management department of ICE FX.
  2. A finalist receives investments from ICE FX – $100,000 in MAx1 or an equivalent in any other multi-copy.
    • Investments from ICE FX are of the type "Investors' funds".
    • A finalist may choose a multi-copy to which the company's investments will be distributed.
    • The company's investment amount is calculated as: (100,000 USD)/n, where n is the multiplier of the managed account.
    • Company's investments are canceled if the maximum drawdown exceeds 30%.
  3. The finalist's managed account will be moved to "A" rating.
    • "A" rating requirements will not apply for this managed account for six months (26 weeks).
    • After the 26 weeks, the finalist's managed account will be again subjected to the standard rating requirements.
Bonuses:
  1. A finalist receives additional deposit bonus for each of the multi-copies of the competition managed account depending on the participant's total deposit funds:
    • Less than $3,000: +20%;
    • $3,000 – $9,999: +25%;
    • $10,000 and above: +30%.
  2. All bonuses received during the 4 rounds of the competition are retained.
  3. The rules for using earned bonuses are retained.
  4. All bonuses are canceled if the maximum drawdown exceeds 30%.
Rebates:
  1. The share of rebates from the commission paid increases by 5% to reach 20% (against 15% during the competition).
  2. Funds received through rebates can be withdrawn at any time (during the competition, they can be withdrawn only in the transition period).
  3. Other standard rules applied to rebates remain.
Requirements for finalists:
  1. Risk management requirements are retained – if the maximum drawdown exceeds 30%, bonuses and company's investments will be cancelled).
  2. The yield requirements are cancelled.
  3. The requirement to keep in touch with the risk management department of ICE FX is retained if the finalist is in the Genesis index and is cancelled if the finalist refuses to be included in the index or is excluded from the index.
  4. Refusal to maintain contacts with the risk management department of ICE FX and refusal to execute trade directives received from employees of this department will lead to removal of the finalist from the Genesis index.
  5. Refusal to maintain contacts with the risk management department of ICE FX and refusal to execute trade directives received from employees of this department does not lead to cancellation of bonus funds or company's investments.
  6. The requirement to maintain a topic dealing with the managed account at the company's official forum is cancelled.
  7. If the finalist withdraws more than 50% of deposited funds (excluding profits and rebates), his previously earned bonus funds will be cancelled in full.

Anyone who has reached the age of 18 can apply for the Genesis Prime competition. The deadline for submitting an application is no later than two weeks before the start of a new round of the competition (dates of competition rounds are published on the company's official website).

Application for participation in the competition is submitted via e-mail to [email protected] with the following information:

  • Surname, name, middle name (or patronymic name) and date of birth;
  • Login in the company (if any). The Login is the e-mail address specified when registering as a client;
  • Name of the competition in which you want to participate (Genesis or Genesis Prime);
  • The date when you want to start participating. The date must coincide with the beginning of one of the competition rounds. The graphical schedule of the competition is published on the company's website;
  • Link on myfxbook.com to the third-party monitoring system (in any company) for the participant's trading activity. Requirements for the monitoring system are contained in the "Requirements" tab.
  • A brief summary and description of the trading strategy.

Deposit and withdrawal

  1. A participant can deposit funds to or withdraw funds from the competition account only during the "transition period" (the 13th week of each round).
    • The contestant's own funds deposited in the competition account;
    • Profit earned from trading activity;
    • Part of bonus funds received from rebates.
  2. Deposit/withdrawal requests received outside the "transition period" are considered on a case-by-case basis and may be rejected without explanation.
  3. A participant may withdraw the following deposit funds from a competition account:
    • The contestant's own funds deposited in the competition account;
    • Profit earned from trading activity;
    • Part of bonus funds received from rebates.
  4. At the end of a competition, the participant may withdraw his/her deposit funds at any period.
  5. If the competition account has bonus funds that are credited as a deposit bonus and if there is a request for withdrawal of a part of the deposit funds being used to calculate the bonus amount, the deposit bonus amount will reduce in proportion with the amount being withdrawn.
  6. If there are bonus funds on the competition account credited as a deposit bonus and there is a request for withdrawal of a part of the profit and/or rebate credited after receiving this bonus, the deposit bonus amount will remain the same.

Bonus funds

  1. Bonuses are funds credited to a participant for successfully completing a round in the competition or for depositing funds into his/her competition account.
  2. Bonuses are funds credited to the competition account as manager's funds.
  3. Funds credited to the competition account as investor funds are not bonus funds.
  4. A participant cannot withdraw all bonus funds from the trading account to his ICE FX personal account, except for those deposit funds received from rebates.
  5. If a competition account makes a loss, the loss is distributed between the bonus and deposit funds in proportion to their amounts.
  6. The total amount of bonus funds available to be received by one participant for the entire duration of the competition is $25,000.
  7. Bonus funds are credited in the last weekend of each round.
  8. All bonuses are added to each other, unless otherwise stipulated.
Types of bonuses:

Deposit bonus – bonus funds credited on the participant's deposit. If a part of the deposit involved in calculating the deposit bonus is withdrawn, the deposit bonus amount will be reduced in proportion to the withdrawal share of the entire deposit. If a part of the deposit not involved in calculating the deposit bonus (deposit formed after the bonus has been credited) is withdrawn, the size of the deposit bonus does not change.

To calculate the size of the bonus on the deposit, the value of the deposit is used at the time of the bonus calculation.

Unconditional bonus – bonus funds credited to the participant for successfully completing one of the rounds in a competition. This type of bonus can be canceled only when the participant is removed from the competition (for active participants) or when he/she exceeds the risk management limits (for finalists). Withdrawal (by a participant) of deposit funds from the account does not affect the size of the unconditional bonus.

Deposit – is a collection of funds of all the multi-copies of the competition account. It includes:

  • The contestant's own funds deposited in the competition account;
  • Profit earned from trading activity;
  • Part of bonus funds earned through rebates.

Removal from competition

  1. A participant may be removed from competition for the following reasons:
    • Suspicion of fraud (including suspicion of providing someone else's trade monitoring system for participation in the competition);
    • Violation of the rules of the competition or failure to comply with the requirements for participants;
    • Exceeding or reaching the maximum drawdown established by the rules;
    • Abuse of "toxic" money management methods (martingale, averaging, overstaying in loss-making trades);
    • Conflict with the company's employees, regardless of the reasons for such;
    • Obvious deviation from the trading strategy used on the monitoring system earlier provided when applying for the competition;
    • Ignoring the trade directives of employees of the risk management department of ICE FX;
    • Refusal to open and maintain a topic for discussion of the participant's trading activity on the company's official forum;
    • Voluntary refusal to participate in the competition;
    • Other actions of the participant that run contrary to the logic and objectives of the competition, which could not be envisaged in advance.
  2. A participant cannot appeal against removal from a competition.
  3. If a participant is removed from a competition:
    • All bonuses are canceled;
    • Rebates that are not withdrawn can still be withdrawn (not canceled);
  4. Trading in the competition managed account can be continued by the participant provided that the participant's own capital is sufficient for this;
  5. Having been removed from a completion, a person can participate again in that competition within at least 6 months (2 competition rounds) after the romoval.

Rebates

  1. Bonus funds received by a participant can be converted into funds withdrawable from the account by receiving trading rebates.
  2. The share of rebates from the commission paid for the Genesis competition is:
    • 15% for active participants of the competition,
    • 20% for finalists.
  3. Rebates are the bonus amount, equivalent to the established part of the commission paid to ICE FX by a participant for his/her trading activities.
  4. In the calculation for obtaining rebates, a commission paid only from trades carried out on the manager's funds (including bonus funds) is used. The commission paid from trades carried out on investors' funds is not taken into account when calculating the size of rebates.
  5. The amount of bonus funds is reduced as they are converted into withdrawable funds from rebates.
  6. The rebate amount cannot exceed the size of bonus funds.
  7. Rebates are a part of the participant's deposit, and can be withdrawn from the competition account:
    • During the "transition period" – for active participants of the competition
    • At any time – finalists.
  8. The amount of rebates available for withdrawal is updated once a week during a weekly rollover.
  9. Rebates that are available for withdrawal but have not been withdrawn at the time of crediting the deposit bonus are considered a participant's deposit, and are included in the base for calculating the deposit bonus.

The terms of participation

Genesis
Genesis Prime
Deposit of own funds by the participant Not required Required
Number of rounds of the competition 4
Beginning and end of rounds of the competition Coincides
Duration of a round of competition 13 weeks
Duration of transition period 1 week
Duration of third-party monitoring system provided by the applicant 6 months
(26 weeks)
3 months
(13 weeks)
Expectancy of trades on the monitoring system provided 2 pips (Forex) / 20 pips (metals)
Investment acceptance From 2nd round From 1st round
Size of rebates during competition 10% 15%
Size of rebates at the end of competition 15% 20%
Maximum bonus $10,000 $25,000
Company's investments in managed accounts at the end of the competition $50,000 $100,000
Maximum leverage 1:20
Maximum loss for the week 10%
Maximum drawdown 20% 30%
Required income per round not less than 0%
Required income for a set of rounds 2%* (number of rounds)
Conditions for removal from competition Identical
Cancellation of bonuses when withdrawing more than 50% of the funds contributed by the participant No Yes
Re-participation in the competition after removal After 6 months

Bonus program

Genesis
Genesis Prime
Round Multi-copies Unconditional bonus Deposit bonus Multi-copies Unconditional bonus Deposit bonus
1 MAx1 + $1,000 MAx1 10%/15%/20%
2 MAx1 + $500 +10% MAx1 10%/15%/20%
3 MAx1 + $500 +10% MAx1 15%/20%/25%
MAx2 + $1,000 15%/20%/25%
4 MAx1 +15% MAx1 15%/20%/25%
MAx2 + $1,000 +15% MAx2 15%/20%/25%
MAx3 + $1,000 15%/20%/25%
End of competition MAx1 +15% MAx1 20%/25%/30%
MAx2 +15% MAx2 20%/25%/30%
MAx3 + $1,000 +15% MAx3 20%/25%/30%
Round MA Rating MA Rating
1 C C
2 C C
3 C B
4 B B
End of competition A A
Round Rebate Rebate
1 10% 15%
2 10% 15%
3 10% 15%
4 10% 15%
End of competition 15% 20%
Round Multi-copies Company's investments Multi-copies Company's investments
1 MAx1 MAx1
2 MAx1 + $1,000 MAx1
3 MAx1 MAx1
MAx2 + $1,000
4 MAx1 MAx1
MAx2 + $1,000 MAx2
MAx3 + $1,000
End of competition MAx1 $50,000 in MAx1 or equivalent amount in another multi-copy MAx1 $100,000 in MAx1 or equivalent amount in another multi-copy
MAx2 MAx2
MAx3 MAx3