fraud-awareness - Citizen

Terms & Conditions

Citizen advertises its competition called "The Grand Prix Trading Competition".

The winner of this competition, as measured by volumes (total lots traded during competition), will receive a cash prize of $300,000.

Each of the additional 14 lottery winners will receive $50,000. A trader must complete at least 50 LOTS of trading during the competition period to be eligible for the lottery. For this competition, there are no minimum deposit requirements.

Additional conditions are listed below.

1. You must register for the competition by providing the necessary information in order to participate. You must be at least 18 years old and submit a request for and receive approval for a trading account through the specific registration form.

2. Personnel from Citizen are ineligible to compete. All information given during the registration process must be accurate (i. E. To match the proof of identity's full name details, the country of residence's proof of residency, etc. ), the winners/participants will be eliminated from the competition.

3. Both new and current clients will autometically enter in to the competition. Employees and Partners of Citizen with the exception of IBs are not allowed in this competition.

4. You must register and be granted a trading account in order to participate in the competition. Based on the procedures and guidelines for account opening at Citizen.

5. You acknowledge that you have read these Terms and Conditions and that you agree to be bound by them, as well as by the Business Terms and Conditions of the entity with, by participating in the Competition. Which you have chosen to proceed with registration via the designated competition registration page. Of such a body. The Citizen group and/or affiliate level will host the competition. In order for the award prizes to be added to the winners' trading accounts, the winners must:.

A. Meet and must have already successfully passed the Citizen compliance checks
B. When and if asked, give a thorough report of his or her competition trading account Citizen.

6. Participants who fail to provide any requested documents may be disqualified by Citizen Within 10 business days of the request, verification is necessary for this competition's purposes or in relation to the client's account.

7. The participant consents to the announcement of the monthly results by Citizen Rivalry on its website.

8. Existing customers does not need to open an additional trading account for taking part in this competition. Your current account will autometically be part of this competition.

9. Customers who participate in the competition may be eligible for other promotions by Citizen.

10. After the competition has ended, Citizen will announce the winners within ten days.

11. By accepting a Competition prize, the winners agree to take part in various promotional activities and Events that Citizen is free to promote on various platforms. But are not limited to, promotional events. Consisting of, but not restricted to, interviews, pictures, listing announcements of their full names, nicknames, and countries of origin,Won awards, etc.

12. Citizen reserves the right in cases where a winner declines to take part in promotional activities to oust the winner and award the prize to the finisher in second place.

13. Winners who have received prizes are not permitted to ask to have those prizes credited to someone else. Rather, the trading account should be in the participant's name.

14. Only one competition hosted by the same party may have participants or connected parties or Company and, as a result, will be qualified for a single competition prize should they triumph.

FRAUD AWARENESS

Watch out for online contact from fraudsters who are offering victims the opportunity to take part in ‘get rich quick schemes’ by trading in financial instruments.

How a typical scam works:

- Individuals set up social media accounts and include screenshots of trading, cash and try to convince followers that they are established and successful traders of financial instruments

- The fraudsters may purport to work for regulated firms

- Victims will approach the fraudster, or vice-versa, to enquire about trading through them

- The fraudster will ask you to make payment into an account name which doesn’t match the company they purport to represent, providing false assurances that your money is safe

- In a few days the fraudster will follow up to say that the value of the victim’s investments has doubled and ask for a further payment to “release” the funds back to the victim, or threaten that the entire balance including the original capital will otherwise be lost.

- In a few days the fraudster will follow up to say that the value of the victim’s investments has doubled and ask for a further payment to “release” the funds back to the victim, or threaten that the entire balance including the original capital will otherwise be lost.

- In a few days the fraudster will follow up to say that the value of the victim’s investments has doubled and ask for a further payment to “release” the funds back to the victim, or threaten that the entire balance including the original capital will otherwise be lost.

If you have made a direct payment to someone who operates a social media account with the above characteristics and have suffered a financial loss, you may be a victim of online fraud.

You are advised to make a report to Action Fraud by speaking directly to their specialist advisers on 0300 123 2040. For more information please visit actionfraud.police.uk.

When reporting, it’s helpful to have the following available:

Details of the bank account you made a transfer to, as well as the dates and sums involved

The social media account details you have communicated with.

Any email address or telephone number you’ve had communication from in relation to the scam Screenshots of conversations or social media profiles, as these are quickly shut down when the fraudsters move on.

Please note, Citizen employees will never:

Offer access to products and services to anyone through social media channels.

Seek to arrange payments of any sort through social media channels.

Share account updates or balances through personal texts or direct messages on social media.

If you choose to trade in financial instruments you should use a regulated firm. If you use an unauthorised firm you will be more at risk of a scam and won’t have access to the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS), should things go wrong.

Be wary of adverts online and on social media promising high returns for trading in financial instruments. If you have already invested in a scam, fraudsters are likely to target you again or sell your details to other criminals. The follow-up scam may be completely separate or related to the previous fraud, such as an offer to get your money back or to buy back the investment after you pay a fee.

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Anytime, Anywhere on Any Device

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