The winner of the contest “Profit Hunters October, 15 – November, 2”, which starts on October, 15, will receive more than $1000. The competition is held on demo-accounts. On the 1st day of the contest each participant will receive $5000. The winner will be the trader with the biggest capital at the end of the competition.
In order to participate in the contest, you have to open a trading account at FXOpen and apply for the competition. By the way, the entry fee in that contest is only $6. And all participants with profit of at least 10% will receive cash bonuses to their accounts.
The prize fund consists of participants’ entry fees. The more people participate – the bigger the prize fund will be. Also, FXOpen provides $3700 for prizes and bonuses.
The main advantage of the contest – rivalry here is less than in a free one. So, there are more chances to get the main prize – more than $1000!
Don’t miss your chance and participate in the contest!
Key dates:
October, 14 – deadline for applying for participation;
October, 15 – the contest starts;
November, 2 – the contest ends;
November, 5 – summarizing and calculating prizes and bonuses
There are 3 prizes:
1st place - $1056 +88% from all entry fees + bonus;
2nd place - $96 +8% from all entry fees + bonus;
3rd place - $48 +4% from all entry fees + bonus;
All participants with profit of more than 10% will get cash bonuses.
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Terms of the contest:
• Entry fee is $6;
• 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:
All participants should leave at least one message in the forum.
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Bonuses can be withdrawn once you complete the requirements: no earlier than in 30 days.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 Prizes for secons and third places can be withdrawn at any time, in other words, after receiving prize money to your trading account, you can withdraw it through any payment system available at FXOpen
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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You have to replenish your eWallet account (main) through any available way.
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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.
If there is not enough money in your trading account, you will see a message:
In such a situation you have to open My FXOpen and replenish your eWallet. After that you have to re-register in the contest
5. After successful confirmation, you will receive an e-mail with your MT4 login details: login number, password and trading server address.
Set up of the trading platform MT4
You have to start MetaTrader. If you haven't got it yet, you can download it here.Click "File" in the horizontal tab and "Login" in the appeared window.
When the next window appears, you have to insert login, password and server mentioned in the letter.
Your account will be available only during contest's days.
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 $ 800. 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 $ 1 000, the total sum of bonuses will be reduced by $ 200 ($ 1000 - $ 800 = $ 200).
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 $ 2500 for this particular competition
Actual Budget = the sum of all bonuses payable to all traders at the end of the competition
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