FXOpen Forex Broker is still looking for talented traders and invites you to take part in the qualifying round, which starts on November 5. However, the application form must be submitted no later than November 4! Register for the competition online on www.ForexCup.com! The best trader will be awarded with trading account with a balance of $ 1050!
The tournament «FX Market Masters» is a unique opportunity not only to test your strength and your trading strategy on demo account without risking your own money, but in case of successful trade get PAMM ECN account with a balance of $ 1050 in your lucky hands. Forex demo competition from FXOpen broker allows any participant to win money! If you are not the winner of the main prize, you may still get some real money: working with virtual balance, you get a bonus for profitable trading on your real trading account! The only requirement is to comply with terms and conditions of the competition!
Seven traders have already received accounts with real money this year, and now they are actively trading and boost their income. Do not miss your chance - apply now and prove your skills of trading on Forex!
Key dates:
November, 4 – deadline for applying for participation;
November, 5 – the contest will start;
November, 30 – the contest will end;
December, 3 – summarizing and calculating prizes and bonuses
There are 3 prizes:
1st place - $1050 + bonus;
2nd place - $300 + bonus;
3rd place - $150 + bonus;
All participants with profit of more than 80% will get cash bonuses.
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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.
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Bonuses can be withdrawn once you complete the requirements: no earlier than in 30 days.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, 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
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
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