Practice makes Profit

Terms and Conditions

  1. The ‘promoter’ of the competition is Finatext UK Ltd, 145 City Road, London, EC1V 1AZ, United Kingdom;
  2. By entering this promotion, entrants accept these terms and conditions together with any specific instructions and terms for such promotion which may be mentioned in any electronic messages, or on the promoter’s website or app, or communicated to entrants in any other way (“promotion information”);
  3. During this Promotion “Practice makes Profit”, Finatext UK Ltd. (Pipster) will credit the first 100 virtual trading account users who increase their realized P/L (profit and loss in the own profile) by £500 during the promotional period, and subject to the conditions below, with £50 in a live account;


1. Qualifying requirements

  1. Be a resident of the United Kingdom and hold a GBP currency bank account;
  2. Accept and agree with the present Pipster Promotion “Practice makes Profit” Terms and Conditions.
  3. You have not breached the Prohibited use requirements, as listed below;
  4. Participants must be over 18 years of age at the time of entry;
  5. Participants need to be eligible to open a live account to redeem the prize;
  6. Participants don’t have a live account in Pipster app before the beginning of the promotion; Entrants may only enter the promotion in their own name. The promoter may ask for proof of age and enrolment, and evidence to verify the identity of that entrant, at any time, and may use any public channels available to carry out checks of any details provided.
  7. By entering the promotion entrants warrant that all information submitted by them is true, current, and complete.
  8. It is free to enter and to take part in the promotion (though you may require internet access), and no in-app purchases will be required.
  9. Entrants may only enter once. No more than one promotion reward per person will be awarded.
  10. In order to participate in the promotion, entrants must download the Pipster app via 

    Entrants will be required to provide:

      • Their Email,
      • Username. 
  11. Employees of the promoter, any advertising agency or web company connected with the promoter or any such person’s subsidiary or associated companies, agents or members of their families or households, are not eligible to participate in promotions. The promoter reserves the right to verify the eligibility of all participants.
  12. Any participant found to be operating multiple accounts in promotions will be in breach of these terms and the promoter will determine at its sole discretion by whatever means it deems necessary to establish if different entries or accounts are connected to the same person. Prizes offers are limited to one prize per person, household and/or computer, and/or payment method unless otherwise stated.
  13. Participants, whether individually or acting in a group, will be found to be in breach of these and promotional specific terms if the promoter at its sole discretion has reason to believe that a promotion has been abused, manipulated, or that irregular, fraudulent, collusive or illegal activity has occurred.
  14. In respect of promotions requiring no physical participant attendance, the promoter and any its legal representatives, affiliates, subsidiaries, agencies and their respective officers, directors, employees and agents, shall be held harmless and be indemnified for any loss or disappointment suffered by any participant taking part in promotions.
  15. In the event of any breach of these or promotional specific terms and conditions or a participant being ineligible to participate in a promotion, the promoter reserves the right to take such action as it deems appropriate and in its absolute discretion, including but not limited to account, disqualification from the promotion, reclamation of bonuses or prizes granted, refusing entry into all future promotions, withholding associated winnings and voiding associated stakes
  16. The decision of the promoter in all promotional matters is final and no correspondence will be entered into. The promoter reserves the right to withhold promotional benefits until resolution of any dispute.
  17. Open a Pipster Virtual Trading Account on the Pipster Trading platform, pursuant to Pipster’s Terms and Conditions and all other Legal Documents, increase by £500 the “total P/L” in their own account during the promotion period.

2. Participation in the Competition

  1. The competition will begin at 00:00 on Wednesday 10th of April 2019 and finish at 23:59 on Tuesday 7th of May 2019.  
  2. Only trades closed before the end of the promotion will be considered.
  3. To participate, participants must enter virtual mode, where each participant will receive a fictional £10,000 or starting with their actual balance to use in virtual mode for virtual trading.
  4. Participants will be provided with full access to the Pipster app. The full range of features including study materials, indicators and other tools will be made accessible.  However, it will not be possible to trade real currency.
  5. Winners need to increase by £500 the “total P/L” in their own account during the promotion date range.
  6. Only virtual accounts are allowed to participate in the promotion.
  7. The prize of this promotion is £50 in the live account of the winners.
  8. Prize winners will be notified via the email address provided when entering the competition and push-notification; 3 attempts will be made to contact the winners. In the event of no response within 28 days after the first email notification was sent, the prize will be lost.
  9. The winner must claim their prize within 4 calendar weeks after they are first notified via their email address. If the promoter is unable to notify the winner, or if the winner fails to respond within this time period, the winners may lose the possibility to claim it in the future.
  10. The promoter may cancel, suspend or amend the promotion, promotion information, or these terms and conditions, in whole or in part, without prior notice if it considers it necessary or appropriate to do so (including without limitation for reasons of suspected individual or orchestrated cheating, security breaches, malware or other suspected interference or issue) beyond its reasonable control. Any changes will be posted either within the promotion information or these terms and conditions.
  11. The promoter may in its sole discretion refuse to provide a prize, or recover a prize (which must be delivered up by the prize recipient in its entirety upon demand) in the event that a prize winner is found not to be entitled to the prize under these terms and conditions, or the promoter suspects or knows that the entrant has breached these terms and conditions, the promoter’s app or website terms of use (as they may apply to the competition), or has engaged in or is suspected of engaging in fraud, dishonesty, bad faith or other inappropriate or improper conduct (including but not limited to the use or suspected use of technology which enables an entrant to evade, circumvent or subvert any aspect of the promotion or the entry requirements), in relation to any aspect of the competition. Such prizes shall be forfeited, and the promoter shall award such prizes to such other participants as it considers reasonable.
  12. In relation to this competition, the social media handle and public profile pictures of the winner may be published by the promoter.  Entrants grant to the promoter a non-exclusive license to use and publish their entry and social media username and image, in any and all media, throughout the world (including without limitation social media) for the purpose of announcing the winner and promoting the promotion for a reasonable period.
  13. This promotion is limited to the first 100 winners
  14. Winners need to open a live account with the same email of the virtual account to redeem the prize. In case they are not eligible to open a live account, they may lose the prize.

3. Condition

  1. Finatext UK Ltd is the sole arbiter of the promotion and reserves the right to alter, amend, extend or foreclose the promotion at any time without prior notice. We will notify You about any changes to the promotion and/or its conditions by updating the promotion’s official webpage and we recommend that You check the website regularly for any such updates.
  2. If Finatext UK Ltd detects any form of fraud, abuse or misuse of this promotion of any kind, You will be excluded from the campaign immediately.
  3. Finatext UK Ltd reserves the right to withhold any prizes for which a participating user is selected if Finatext UK Ltd is of the opinion that the spirit of the promotion is being abused. Finatext UK Ltd will resolve any disputes whether or not covered by these conditions, in a fair and appropriate manner and the decision of Finatext UK Ltd regarding any dispute will be final.
  4. Nothing in this Terms, or in any other promotional material, will be viewed as a provision of investment advice, portfolio management or any other form of discretionary service.
  5. Notwithstanding anything of the aforementioned and to the fullest extent permitted by applicable laws, in no event shall Finatext UK Ltd be liable for any unavailability and/or inoperability of the Site(s), and/or any technical malfunction, computer error, corruption or loss of information, or other injury, damage or disruption of any kind relating to the “Practice makes Profit”. The “Practice makes Profit” will begin at 00:00 on Wednesday, 10th of April 2019 and will end at 23:59 on Tuesday, 7th of May 2019 (Promotion End Date).  No trading before or after these times will be considered and the number of prize is limited to 100.
  6. Should a participant in the Promotion believe he/she has been unfairly restricted or otherwise unduly disallowed from obtaining one or more free shares, such participant shall present Finatext UK Ltd with material evidence substantiating his claim, including but not limited to videos and screenshots. Finatext UK Ltd shall review such evidence and decide whether to satisfy the participant’s claim or not subject to Finatext UK Ltd’s own assessment of the merits of the claim. By accepting the terms and conditions of the present “Practice makes Profit”, You acknowledge and agree that Finatext UK Ltd is the sole party entitled to apply and interpret the “Practice makes Profit”’s provisions and for that matter, any decision on the part of Finatext UK Ltd relating to the operation of the promotion shall be final and irrevocable.

4. General

  1. By accepting these Terms and Conditions, You hereby confirm to have read, understood, agreed and accepted the following “Practice makes Profit” Promotion Terms and Conditions and the relevant Legal Documents of Finatext UK Ltd.
  2. Nothing in this Terms, or in any other promotional material, will be viewed as a provision of investment advice, portfolio management or any other form of discretionary service.


5. Prohibited use

Your use of our services shall be subject to the following mandatory requirements – You shall not:

  1. circumvent (or try to circumvent) in any way the rules of these Terms and Conditions;
  2. make any attempts to create multiple accounts, to invite individual users, who have created multiple accounts, in order for You to exploit the “Practice makes Profit” Promotion;
  3. do anything that may negatively affect Finatext UK Ltd’s brand, goodwill or reputation;
  4. use the“Practice makes Profit” Promotion in:
    – any way that breaches any applicable local, national or international law or regulation; or

    – any way that is unlawful or fraudulent, or has any unlawful or fraudulent purpose or effect;

    – use the “Practice makes Profit” Promotion excessively or in any way that we consider to be unreasonable (at Finatext UK Ltd’s sole and absolute discretion).
  5. Notwithstanding anything of the aforementioned in case of any reasonable doubt of any manipulation, abuse or exploit of the terms of this Promotion or in case of any doubt of any manipulation, abuse or exploit of the market or where any of your actions may be in detrimony to Finatext UK Ltd interests, Finatext UK Ltd shall be entitled to suspend any and all of your accounts with Finatext UK Ltd (and its affiliates) upon its sole discretion, with immediate effect and without any prior notification.


6. Data Protection and Publicity

  1. Any personal data relating to participants will be used solely for the purposes of this promotion by the Promoter and/or by any agent appointed by it to assist with running the promotion on behalf of the Promoter and will not be disclosed to a third party for any other purpose without the individual’s prior consent. By entering this promotion, you consent to the use of your personal data by the Promoter and/or any agent appointed by it to assist with running the promotion for the purposes of administration of the promotion (including publishing your full name and county and/or disclosing it to third parties on request if you are the winner) and any other purposes to which you have consented. To see our privacy policy visit:
  2. Winners may be required to take part in related publicity, including (without limitation) publication of the name and image of a promotion winner along with their winning entry via Promoter’s website, social media and other press and media channels. No additional payment will be given for this.

7. Liability

  1. Nothing in these terms and conditions shall exclude or limit the promoter’s liability for death or personal injury caused by their (including without limitation their staff and their agents’) negligence, or for fraud, or for any other type of liability which may not be lawfully limited or excluded.  Subject to this:
    • The promoter cannot accept any responsibility for any damage, loss, injury or disappointment suffered by any entrant entering or participating in the competition or as a result of accepting or using any prize;
    • Neither the promoter nor its servants, agents, nor any other party or organisation involved in the management, promotion, or administration of the competition or its entry routes or donation of prizes or their agents or subsidiaries involved in the competition will accept responsibility or liability for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft, destruction, alteration of, or unauthorised access to entries, or entries lost or delayed whether or not arising during operation or transmission as a result of server functions (including but not limited to security functions by software used by the promoter or any third party), virus, bugs, or other causes outside its control;
    • The promoter is not responsible for any problems or technical malfunction of any telephone network or lines, computer on-line systems, servers, or providers, computer equipment, software failure of any email or entry to be received on account of technical problems or traffic congestion on the Internet, telephone lines or at any web site, or any combination thereof, including any injury or damage to entrant’s or any other person’s computer or mobile telephone related to or resulting from participation or downloading any materials in the competition.
    • If any market data issues either internally or externally to the pipster trading system directly affect the profitability of trades placed by contestants, the promoter holds the right to remove or edit the details of these trades with respect to true data accuracy. Agreement of what exactly constitutes accurate data would be defined and executed by the promoter.

2.  In the event of any fault, mistake, misunderstanding or dispute concerning the     correctness or acceptability of the entry or any answers given by entrants (if applicable), or the operation of any part of the competition, the decision of the judging panel shall be final and no correspondence will be entered into.

3.  Events may occur that result in the promoter extending, refusing, reclaiming, cancelling, terminating, modifying or suspending a promotion, these terms and/or the awarding of prize(s) at any point and for any reason. These may be due to a third party’s illegal activity, technical difficulties and/or any other reasons beyond the control of the promoter and accordingly the entrant agrees that the promoter shall have no liability as a result thereof.

4.  The promoter disclaims any liability for inaccurate information, whether caused by the website, user’s equipment used in a promotion, or by human or technical errors related to the submission of entries. The promoter and its agents accept no responsibility for the failure of any third parties to fulfil their contractual obligations in relation to a promotion.

5.  The promoter and its agents accept no responsibility for the failure of any third parties to fulfil their contractual obligations in relation to a promotion.

8. Standard terms

    1. Participants and their use of the promoter’s website and app and participation in the competition must comply with English law and regulations. These terms and conditions, and this competition, shall be governed by the laws of England and subject to the jurisdiction of the courts of England.
    2. The invalidity or unenforceability of any provision of these Terms and Conditions shall not affect the validity or enforceability of any other provision. In the event that any provision is determined to be invalid or otherwise unenforceable or illegal, these Terms and Conditions shall otherwise remain in effect and shall be construed in accordance with their terms as if the invalid or illegal provision were not contained herein.
    3. Finatext UK Ltd, trading name of “Pipster”, is an appointed representative of Trade UK Limited and is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 806585. Finatext UK Ltd is a company registered in England and Wales (company number 10527715), and its registered address and principal place of business is 145 City Rd, London, EC1V 1AZ, United Kingdom.
    4. These terms and conditions were last updated on 10 April 2019.