Please note that this is a simulated trading competition and Fantasy Invest is not offering investment advice or an opinion regarding the nature, potential value, suitability, or profitability of any particular transaction. This contest is intended for play with the only aim of having fun and pleasure. By participating, you understand and agree that Fantasy Invest does not recommend any security, financial product or instrument, nor recommendation to buy, sell, or hold that or any other security, financial product or investment. You have to understand that Fantasy Invest does not provide tax, legal, or investment advice. You have to understand and agree that Fantasy Invest does not offer or provide any investment advice or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. You have to understand and agree that any decision you make will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, financial condition, and liquidity needs.
The provision of our Service may contain information and opinion on investments that does not constitute independent investment research, nor non-independent research, and is therefore not subject to the regulatory protections afforded to research. The information does not constitute any form of advice or recommendation by Fantasy Invest and is not intended to be relied upon by you in making (or refraining from making) any investment decisions. Appropriate independent advice should be obtained before making any investment decision. The information may comprise views, opinions and recommendations of individuals from the general public who may have little or no training, education, experience or any other specialised knowledge of the markets, investing or other financial matters. Further, investment markets can change rapidly so that information may be out-of-date. The views expressed should not be taken as statements of fact nor should reliance be placed on them when making investment decisions. Fantasy Invest does not endorse any opinions or recommendations made in the course of the provision of the Service to you, and Fantasy Invest does not represent or guarantee that any of the information available is accurate, reliable, current, complete or appropriate for your needs. Any trading in financial instruments involves a risk of substantial losses. In connection with any such transaction, you should note that:
- financial transactions are risky;
- the price of financial instruments, and the income derived from them, can go down as well as up, and investors may not get back the amount they invested; and
- past performance is not necessarily a guide to future performance.
As a rule, you must be 18 years of age. Depending on the place of your physical location, this rule may vary. For example, in Massachusetts and Iowa (the USA) you must be 21 years of age, in Alabama (the USA) you must be 19 years of age.
In some jurisdictions you are not allowed to participate in paid contests or deposit money. Fantasy Invest makes its best efforts to research any jurisdiction and decide if it is required to block depositing and gaming in a particular state or country, e.g., the Indian States Assam, Orissa, Andhra Pradesh, Telingana, Nagaland, Karnataka. However, you have to check whether your depositing money or gaming complies with the applicable legislation at your physical location.
Your registration as a user takes place by means of social networks authorization (Google, Facebook) and/or by means of e-mail&password pair. When using your e-mail for registration you will receive an e-mail from us with an automatically generated link that you need to follow to complete the registration process. You will not be allowed to participate in the contest without confirmation of your registration. C. Multiple Accounts
Fantasy Invest may require users to change their user names in cases where the name is offensive or promotes a commercial venture. The requirement to change will be determined at our sole discretion, and if requests are ignored, we may unilaterally change this user name. F. Virtual Account's Balance
For each registered user, the Service creates a virtual account for user to make the following transactions if necessary:
- deposit real money;
- use the money on the account to participate in contests in accordance with conditions of such contests;
- receive money as rewards for the results achieved in contests;
- withdraw money from the virtual account to user's own PayPal (as a general rule) or any other payment method which may be approved by Fantasy Invest in the future.
Upon registration (Section B of these Rules) you may receive a bonus from Fantasy Invest to your virtual account, which you can use to sign in to the paid contests. The amount of this bonus depends on effective marketing activities of Fantasy Invest and may vary from time to time. You cannot withdraw this bonus from your virtual account and have to use it within the Service according to regulations specified herein.
To deposit into your virtual account and withdraw money from it, Fantasy Invest will use third-party payment services. G. Deposits
You can deposit into your virtual account directly through your user's account using third-party payment services suggested to you and approved by Fantasy Invest. We will inform you if you can use other ways to deposit accordingly. If you are having any problems depositing money, contact us via firstname.lastname@example.org and we will help you out. There may be limits on the amount you may deposit in certain circumstances. Fantasy Invest reserves the right to unilaterally return the money which have been deposited and provide no explanation on that decision.
In accordance with state requirements, Fantasy Invest restricts in any calendar month for residents of certain states unless the user has requested and received approval for an increase. H. Withdrawals
You can withdraw your money at any time, subject to anti-fraud checks on playing patterns and deposits prior to processing, provided that your virtual account's balance is more than $100 and it complies with Section F of the Rules.
We require a valid mailing address, birthday, and social security number for all withdrawals to file the appropriate tax forms at year-end.
Withdrawal may take place through a particular platform. A user takes on him/herself fees set by payment systems, banks, as well as other reasonable and necessary expenses related to the withdrawal or real money from user's virtual account in Fantasy Invest. To withdraw, you are required to create a request for withdrawal at your user's account. Check withdrawals may take 7-10 days to process. However, for your convenience, we will do our best to make the money transfer as quick as possible and accurately in accordance with the applicable law. I. Types of Contests
Any contest is available for any user who meets the Eligibility requirements and has a certain amount of money on his/her virtual account's balance. The amount of the entry fee is always the same for all users who are about to take part in the relevant contest. Fantasy Invest operates the no-entry fee contests ("freeroll" in terms of the contest) as well, which are aimed at helping users to understand the Service, its rules, principles, mechanics and other features, as well as having fun and pleasure.
To take part in a particular contest, the user chooses a particular contest room, collects a portfolio of a particular number of simulated tools (e.g., shares, bonds, crypto currency, etc. depending on features of a particular contest) which are listed (traded) at a particular exchange (including crypto currency exchange), and make an entry fee (if applicable). After filling the contest room with the maximum permissible number of users, the contest starts automatically. If the number of users does not reach the limit, the contest starts at the time specified in the properties of the particular contest.
Any contest can start no earlier than the opening time of a particular exchange (including crypto currency exchange) and end no later than the closing time of such exchange. The duration of a particular сontest, its start and end times are determined before the start of such a contest and are displayed for any user before entering the contest room, collecting a portfolio, making an entry fee and accepting other rules of a particular contest.
The user gets his/her points depending on the chosen tools dynamic and the sum of each tool percentage changes during the relevant period. The percentage is calculated by determining the proportion between the tools price fixed at the moment of the contest start and the tools price displayed at the end of the contest. Points gained for each tool in the portfolio are put together in a final score.
Users whose portfolios show better performance get the highest scores, and become winners of the relevant contest, and share the money (or the prize) pool. The number of users with the highest scores which will share the prize pool, the proportions for distribution of the prize pool, the amount of the prize pool, as well as other terms and conditions of a particular contest can be seen by every user before the contest starts. In case two or more players have the same results, the reward is equally divided between them.
The winner gets the reward by receiving a transfer to his virtual account's balance.
Fantasy Invest cannot in any manner influence start, duration, completion, or results of any contest, and therefore affect the rating table, portfolio, or performance of a separate user. J. Users' Rating
The rating of each user is based on the following criteria:
- number of contests in which the user has participated;
- performance of user's portfolio in each game in which the user participated;
- scores count involves both positive and negative performance of user's portfolio.
Each user will automatically participate in aggregate, monthly, weekly and daily (if applicable) rating lists. K. Scripts
Use of unauthorized scripts is prohibited on Fantasy Invest. Authorized scripts will be made available through the Service and accessible to all users prior to the game entry. L. Scoring Revisions
On rare occasions (primarily because of the Service malfunctions), the final scores may be revised after they have been released. When that happens, the Fantasy Invest user scores will not be updated, and the settlements will not be revised. Note that this is not the same situation as a case where a correction needs to be made after settlement due to a problem with the data feed or the settlement process. The settlement process (including payment) may be reversed in these cases, and contests resettled correctly. M. Service Access and Editing Problems
While we try to ensure that the Service is functioning smoothly, we may periodically experience an outage or slow performance periods like any online service. These can sometimes result in an inability to access the Service, problems editing portfolios, or problems entering new contests. If you are unable to access the Service, please report the problems by emailing us at email@example.com. Suppose there are sustained periods where users are unable to access Service functionality or otherwise prevented from editing portfolios or in certain other situations. In that case, we may provide instructions on how to cancel your entries over e-mail prior to game time. N. Contest Cancellation
Fantasy Invest reserves the right to cancel contests at our discretion, without any restrictions. This would typically be done only in cases where we believe that due to problems on the Service or events affecting the stock market operation events, there would be a widespread impact on the contests' integrity.