Africa Traders Arena — Event Terms

Version 2026-11-01.2 · Approved for launch

These terms are final and approved for launch. They apply to every participant who registers and pays an entry fee.

Organiser and contact

Africa Traders Arena is organised by HAAVE FRANCIS, based in Nigeria. Support and complaints: support@africatradersarena.com. Organiser address: FPSO Egina, OML 130 Block, Deep Offshore Niger Delta, Latitude 3° 10′ N, Longitude 6° 50′ E, Nigeria.

Eligibility

Participants must be 18 years of age or older. Each participant confirms that they are 18 or older when they register or before they pay an entry fee. The organiser may ask a participant for proof of age before paying any prize.

Competition dates

All competition times are Lagos time (West Africa Time, UTC+1). The Standard League runs every week and the VIP League runs in monthly cycles, as set out in “Competition format” below. The date of the first weekly Standard game and the dates of each VIP cycle and its rounds are published on the platform by the organiser; until a date is published it is to be announced. The entry fees are set out in “Entry tiers and leagues” below.

Competition format

Standard League (weekly). The entry window runs from Friday 00:00 to the following Thursday 23:59. Every confirmed entry in that window plays in the game held on the next Friday, from 00:00 to 23:59. Launch window: the first Standard game is on Friday 13 November 2026, and every confirmed Standard entry from 31 October 2026 until Thursday 12 November 2026 at 23:59 plays in that first game; the weekly window above applies to entries confirmed from Friday 13 November 2026 at 00:00, which play on Friday 20 November 2026. An entry is placed in a week according to the time its payment is confirmed. A participant may enter again for each new week. The top 3 ranked traders share that week’s Standard prize pool: 1st 50%, 2nd 30%, 3rd 20%.

VIP League (monthly knockout). Each VIP cycle has an entry window of 14 days, running from a Friday to a Friday (the organiser may publish a different window before entry opens, of no more than 21 days), followed by three rounds. Rounds are held on weekdays only (Monday to Friday, Lagos time), because forex markets are closed at weekends:

Round 1 dates are announced no later than when entry closes, and the dates of each later round are announced before the previous round ends. Each round starts with a fresh account. Everyone in the cycle receives the same virtual starting balance, and the Round 1 balance is kept for Rounds 2 and 3.

Ranking and forfeit. Traders are ranked by the return on their virtual account at the end of the game or round. Where two traders have the same return, the trader whose last trade was earlier ranks higher. A trader who places no trade during a game or round forfeits it, is not ranked and cannot advance or win a prize. Prize places that cannot be filled are not awarded.

Changes. The organiser may adjust the number of qualifiers, the prize percentages or a league’s starting balance for future games or VIP cycles only. Any change is shown on the platform before it applies. A game’s starting balance never changes once paid entrants have joined it or it has started. If an account is set up with the wrong starting balance, the organiser may correct it before that entrant’s first trade, and every correction is recorded. Prize and qualification rules are fixed when a Standard game, or Round 1 of a VIP cycle, starts, and later changes never apply to that game or cycle.

Entry tiers and leagues

There are two entry tiers, each with its own league:

Entry fees can be paid in Naira through Paystack, using the payment options Paystack offers at checkout, or in cryptocurrency through NOWPayments, priced in US dollars. The Naira and US dollar fees are set separately by the organiser; the Naira fee is not a live currency conversion. An entry is confirmed only after the payment provider has verified the payment. Each participant chooses one tier with their first entry and competes only in that league. Each league has its own leaderboard and its own prize pool. VIP entrants are shown with a VIP badge.

For each league, 65% of the confirmed entry fees paid for that league forms that league’s prize pool. For this purpose every confirmed entry counts at the league’s US dollar entry fee (USD 3.50 Standard, USD 15.00 VIP), whether it was paid in Naira or in cryptocurrency. The remaining 35% is retained by the organiser for operations. Entry fees from one league are never used to fund the other league’s prize pool, except where leagues are merged under this section.

Prizes are paid as percentages of the prize pool actually collected, under the published competition rules. No fixed prize amount is guaranteed. The current size of each league’s prize pool is shown on the platform.

Each league has its own virtual starting balance, so balances may differ between leagues. Within a league, everyone in the same game or VIP cycle receives the same virtual starting balance and is subject to the same trading rules. The Standard League game on Friday 13 November 2026 starts at $10,000; from the next Standard game, on Friday 20 November 2026, Standard games start at $5,000. VIP League rounds start at $10,000. Rankings use percentage return on the starting balance, so the size of the balance gives no trading advantage. A higher entry fee gives access to a separate league and prize pool only.

If a league has fewer than 10 confirmed paid entrants when the round starts (or another minimum published by the organiser before payment is accepted), the organiser may either merge that league into the Standard League or cancel that league and refund its entrants in full. If a league is merged, its entrants compete in the Standard League, its confirmed entry fees are added to the Standard League prize pool on the same 65% / 35% basis, and any affected entrant may instead request a full refund of their entry fee before the round starts.

Price data

Source. Competition prices and charts come from biquote.io. They are indicative third-party quotes, not official prices and not prices you could trade at with any broker or exchange. All trading in the competition is virtual.

No uptime guarantee. The price feed is provided without any uptime or availability guarantee. Orders can only be filled while a market is open and its price is current; when a price is missing, out of date or the market is closed, trading in that market is blocked.

Wrong prices and outages. Any order filled on a missing, stale or clearly erroneous price, or during a price-feed outage, will be voided: the trade is cancelled, any margin it used is released and any profit or loss from it is reversed. The organiser decides whether a fill is affected, and that decision is final, subject to “Complaints and appeals” and “Governing law and disputes” below.

Disrupted game days. If an outage materially disrupts a game day or round, the organiser may extend it, reschedule it or void it. If a game or round is rescheduled or voided, entries roll over to the rescheduled game or round, or are refunded under “Cancellation and refunds” below, with a voided game treated as a game cancelled by the organiser. Any change is shown on the platform.

Prize disputes. The price-data provider is not a party to the competition. Any dispute about prizes, rankings or results is between the organiser and participants and is handled under these terms.

Where you live. Each participant is responsible for checking that entering this competition is lawful where they live.

Complaints and appeals

Participants should submit competition-result appeals within 7 calendar days of receiving the disputed decision, explaining the issue and providing available evidence.

We aim to acknowledge messages within 2 business days and resolve complaints within 14 calendar days. If more time is needed, we will explain why and provide an update within 30 calendar days of receipt. Appeals affecting advancement should, wherever practicable, be resolved before the next round.

These timeframes do not restrict statutory rights or legal claim periods.

Cancellation and refunds

If the organiser cancels the competition before trading starts, participants will receive a full refund of their entry fee.

Participants may request a full entry-fee refund before the first round starts. Once that round starts, elimination or trading losses alone do not entitle a participant to a refund. This does not limit rights arising from non-delivery, material changes or applicable law.

Approved refunds will be initiated within 14 calendar days, or sooner where required by law. The payment provider’s processing time may affect when funds arrive.

Governing law and disputes

These terms are governed by Nigerian law, subject to any mandatory consumer protections applicable to the participant. Unresolved disputes may be brought before the courts having jurisdiction under applicable law. Contacting support does not prevent a participant from exercising legal rights.