A monthly contest “FX Market Masters” is a unique ability not only to prove your skills and a strategy on a demo-account without any risk, but also in case of successful trading get into management a PAMM ECN account with a balance $1200.
While trading with virtual money, you get real prizes – a demo-contest from FXOpen lets each one participant win a prize! The main thing here is to fulfill all terms of the contest.
An international broker FXOpen invites everybody to participate in a regular forex contest “FX Market Masters October 2012” which will be held since October, 8 to November, 2. Prize fund of the contest amounts to $5500. The most successful participants will divide it among theirselves. Registration for participation is held at www.forexcup.com and will continue until October, 8. Don’t miss your chance and apply for participation, all the more participation is free.
During the current year 6 traders have already received into management PAMM ECN accounts and now all of them are trading with real money! Many newbies have been collecting money for the first deposit during long time. But while participating in ForexCup contests you can earn real money really fast – and then start trading at Forex.
Participants’ task
On the 1st day of the contest each participant will get $5000. While trading at Forex, you have to increase your start-up deposit. The winner will be the trader with the biggest capital at the end of the contest.
Key dates:
October, 9 – deadline for applying for participation;
October, 10 – the contest will start;
November, 2 – the contest will end;
November, 5 – summarizing and calculating prizes and bonuses
There are 4 prizes:
1st place - $1200 + bonus;
2nd place - $150 + bonus;
3rd place - $75 + bonus;
4th place - $75 + bonus.
All participants with profit of more than 80% will get cash bonuses.
--> Terms of the contest:
• Participation is free;
• Start-up deposit of $5000 and a leverage 1:100 are provided;
• Currency pairs:28;
• Lots: from 0.1 to 1 (one order can be opened with 1 lot maximum);
• Maximum number of orders (including pending ones):5;
• Advisors are prohibited;
• Lock is prohibited.
Restrictions:
In order to get prizes, a participant should make no less than 20 trades with total volume of at least 20 lots. Also, all participants should leave at least one message in the forum. Otherwise, prizes and bonuses can be annulled.
Registration
is available only for authorized users of ForexCup.com
Participant’s Guide
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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...);
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Go to Open micro trading account, on which your bonuses and prizes will be transferred.
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Log on to www.forexcup.com with your registered e-mail and the
MyFXOpen password (the details you received after the registration);
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Join a ForexCup competition;
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Download and install the Meta Trader 4 trading terminal (download);
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Run Meta Trader 4 on your computer;
- 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 $ 250;
- 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 $ 4 000. 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 $ 4 500, the total sum of bonuses will be reduced by $ 500 ($ 4500 - $ 4000 = $ 500).
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 $ 4 000 for this particular competition
Actual Budget = the sum of all bonuses payable to all traders at the end of the competition
Important Notice:
Prize ≠ Bonus (prize and bonus are two different concepts)
Withdrawal of bonuses
Bonuses can be withdrawn once you complete the requirements: no earlier than in 20 days. Also you can made at least 20 trades of 10 minutes each one;
Withdrawal of prizes
1. The main prize is available for opening a PAMM ECN account only. If you want to withdraw it, you will be able to do it in 3 months and after 60 trades. All profit you can withdraw whan you want to
2. Prizes for secons, third and following places 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
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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