Guess Which Way the Market is Going!
Campaign Period: 19 May 2021 - Date to be announced
1. How to Participate
From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day (P day), a client may submit his/her prediction of the price movement of the S&P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard Time) (GMT+8) .
If P day is a trading day, the prediction will be on the current day's price movement and the prediction result will be announced at the market close on P+1; if P day is a non-trading day, the prediction will be on the next trading day's price movement and the prediction result will be announced at the market close of the next trading day.
E.g. P is a trading day - Client placed a prediction on 1 June 2021, after 02:00:00 p.m. (GMT+8), the prediction result will be announced on 2 June 2021, 04:15:00 a.m. (GMT+8).
P is a non-trading day - The client placed a prediction on 31 May 2021, after 02:00:00 p.m. (GMT+8). 31 May 2021 is Memorial Day, hence a non-trading day. The prediction results will only be announced on 2 June 2021, 04:15:00 a.m. (GMT+8).
Predictions cannot be amended or withdrawn after they are submitted. The Tiger coins contributed to the prediction will not be refunded.
2. Rewards
2.1 After the result of the prediction is announced, the correct predictions will be allocated all the Tiger coins in the Tiger coin pool in proportion to the Tiger coins contributed in the round.
2.2 The top 10 clients in terms of the number of monthly net Tiger coins earned will each receive [5 commission-free trades within 30 days].
3. Rewards Distribution
Tiger coins will be issued within 24 hours after the results are announced. Participants may check the details of their Tiger coins via [Tiger Trade APP > Me > Tiger Coins > Tiger Coin Statement].
4. Rewards Instruction
4.1 Tiger Coins
Tiger coins are issued by Tiger Brokers for clients to redeem gifts. To use the coins, a client needs to go to [APP > Me > Tiger Coins]. After redeeming the gifts with Tiger coins, the gifts will be issued to the client's Rewards Center. The client needs to collect the redeemed gifts within 20 days via [APP > Me > Promotions & Rewards]. The gifts that have not been collected after the expiration date will automatically become invalid. The validity period of the gifts after collection is 30 days.
4.2 Commission-Free Trades
Commission-free trades is a reward issued by Tiger Brokers that can be used to waive trading commissions. After the reward is issued, the client needs to go to [APP > Me > Promotions & Rewards] to collect it within 20 days. The reward(s) that have not been collected after the expiration date will automatically become invalid. The validity period of the reward after collection is 30 days.
After collecting the commission-free trades, the client may use the reward for new trades that generate commission fees. Commission-free trades reward cannot be used for orders that were placed/filled before the collection of the reward (to avoid any delay in crediting of the commission-free trades reward, please place an order at least 5 minutes after the collection of the reward). Trades that do not incur commission fees will not consume the commission-free trades.
Commissions will be first deducted and rebated later with a commission-free trades reward. After collecting the commission-free trades reward and filling a new order, the order will be marked as "Waiving" and the waived commission(s) will be refunded to your Tiger account in the form of a cash rebate within the first business week of the following month. Once the rebate is completed, the "Waiving" remark will be updated as "Waived". Clients may view the cash rebate details via [APP > Trade > Order] or [APP > Trade > More > Statement].
The commission rebate by using a commission-free trade reward is capped at USD 15 or equivalent in other currencies. The single commission-free trade reward and the multiple commission-free trades reward can only be used within the validity period and for a specified number of times. After the specified number of times has been consumed in advance within the validity period, the next commission-free trade will automatically become valid in advance. If a client has two or more commission-free trades of the same category, the initial validity period will not overlap but stacked. Any unused times after the expiration will be automatically canceled.
5. Other Notes
5.1 If S&P 500 closes at the same price as the previous prediction day, this result will be considered "Bullish".
5.2 The rewards of this campaign do not conflict with those of other campaigns.
6. Consent
By participating in this campaign, you agree that Tiger Brokers may display your Nick Name used for the Tiger Trade APP in the Monthly Ranking of this campaign as well as other marketing materials.
7. Disclaimer
7.1 Tiger Brokers has the right to cancel your right to participate in this campaign should any illegal activities noted;
7.2 It is forbidden to use this campaign for gambling and other illegal activities. Should illegal activities (not limited to any fraud, gambling, fraudulent use of the identity of others, etc.) be discovered during or after this campaign, Tiger Brokers has the right to cancel your participation and reserves the right to recall the issued rewards (if any);
7.3 Tiger Brokers reserves the right to change any terms and conditions without prior notice. In case of any dispute, Tiger Brokers reserves the right to make the final decision.
7.4 This material shall not be copied or redistributed. The information contained in this material is for reference only, which does not constitute and shall not be used or considered as:
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an offer, recommendation, or solicitation to purchase or sell any financial products or services; or
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a proposal to make any financial decisions; or
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any investment advice.
7.5 Investment in financial products always carries the inherent risk of loss. Tiger Brokers will not be held responsible for any losses related to investors' investment activities.