FOREXCUP - Profitable WeeK 08/20/2012-08/24/2012


$200 and a cash bonus will be given to the best trader as a result of a contest on demo-accounts from FXOpen. The competition “Profitable WeeK 08/20/2012-08/24/2012” will be held since August, 20 to August, 24.
Everyone, who wants to, can take part in the contest. All you have to do – register and apply for participation and, actually, spend your time while trading at Forex during five days of the competition. By the way, all participants, who will manage to increase their start-up capital by 80% (or more) until the end of the contest, receive cash bonuses.
Participation is free! You can apply for participation until August, 19.




Prizes and awards:
1st place - $200 + bonus;
2nd place - $100 + bonus;
3rd place - $60 + bonus;
4th place - $24 + bonus;
5th place - $16 + bonus.

Terms of the competition:
• Participation is free;
• Start-up deposit of $5000 and a leverage 1:100 are provided;
• Currency pairs:28;
• Lot: from 0.1 to 1 (one order can be opened with 1 lot);
• The maximum number of orders (including pending orders) – 3;
• Minimum number of participants: 50;
• Advisors are prohibited;
• Locked positions are forbidden.

The task of participants:
On the first day of the contest each participant is given a start-up deposit of $5000. The next step is to increase the deposit while trading at Forex. The winner will be the trader with the biggest capital at the end of the competition.


Registration

is available only for authorized users of ForexCup.com

Participant’s Guide

  1.  Go to Open a Live Account , choose the “Personal” account type and fill out the form  to receive login details for www.forexcup.com (more...);
     
  2. Go to Open micro trading account, on which your bonuses and prizes will be transferred.
     
  3. Log on to www.forexcup.com with your registered e-mail and the MyFXOpen password (the details you received after the registration);
     
  4. Join a ForexCup competition;
     
  5. Download and install the Meta Trader 4 trading terminal (download);
     
  6. Run Meta Trader 4 on your computer;
     
  7. Select File > Login in the Meta Trader 4 and enter the number and trader’s password for your ForexCup competition demo account.

How to Join a Competition

1. Log on to your personal area on www.forexcup.com with your registered e-mail and MyFXOpen password


2. It's necessary to specify your trading account, on which your bonuses and prizes will be transferred. This feature allows you to start trading on Forex with real money instantly after competition finish.


3. Click link Registration

4. Scroll a little bit up and click Save and Accept to confirm your choice.

5. After successful confirmation, you will receive an e-mail with your MT4 login details: login number, password and trading server address.
Good Luck!
Should you have any questions, feel free to contact us by e-mail (support@fxopen.com) or  use FXOpen Live Chat to get immediate assistance.

Bonus Terms:

The bonus payable to a trader’s real trading account is equal to one percent (1%) of the profit gained.

For example, if a trader earns $ 5000, a $ 50 bonus will be deposited to his account.

However, there are some limitations:

- The amount of bonus for one trader cannot exceed $ 100;

- Bonus can be withdrawn via any payment system available at FXOpen after making 20 trades (minimum of 10 minutes per trade). You can withdraw the bonus after 30 calendar days since the date it was paid to you. Before withdrawing the bonus you must make at leat 1 forum post in the ForexCup Competition thread in our Forum.

The total amount of all bonuses in the competition cannot exceed $ 1 100. If the budget is exceeded we will reduce the bonuses based on the difference between the actual sum of all bonuses and our budget.

For example, if at the end of the competition the sum of all bonuses payable to all traders is $ 1 500, the total sum of bonuses will be reduced by $ 400 ($ 1500 - $ 1100 = $ 400).

The formula for bonus calculation:

Bonus = (1% of profit) * Planned Budget / Actual Budget, where

Profit - the actual profit earned by particular trader

Planned Budget = it is $ 1 100 for this particular competition

Actual Budget = the sum of all bonuses payable to all traders at the end of the competition

* Prizes can be withdrawn at any time, in other words, after receiving prize money to your trading account, you can withdraw it through any payment system available at FXOpen, but bonuses can be withdrawn once you complete the requirements described above.

Prize ≠ Bonus (prize and bonus are two different concepts)


Important Notice:

We would like to let you know that we have a new conditions in ForexCup terms. Before withdrawing your ForexCup prize or bonus you need to make at least one post on our forum http://forum.fxopen.com. This should be a comment on the competition where you took part. Please, tell us which place you took, how much money you received as a prize and leave a general comment about the contest (describe your thoughts and emotions, tell if it was easy to get the prize, share your plans on the prize, let us know what you think about ForexCup, whether you are planning to take part in new competitions or not).

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