In the middle of November ForexCup invites traders to participate in a free weekly contest “Profitable WeeK 11/12/2012-11/16/2012” with a prize fund of $1500.
You do not risk at all because participation in the contest is totally free. In case of successful trading you will get real money to your account! Actually, it’s easy to receive a bonus – you have to increase your start-up capital by at least 50% during 5 days.
“Profitable WeeK” is a great way to test your strategy, hone trader’s skills and get real money. Join the contest right now!
Registration
Participants’ task
On the 1st day of the contest each participant will get $5000. While trading Forex, you must increase your start-up deposit. The winner will be the trader with the biggest capital at the end of the contest.
Key dates:
November, 11 – deadline for applying for participation;
November, 12 – the contest starts;
November, 16 – the contest ends;
November, 19 – summarizing and calculating prizes and bonuses
Prizes and bonuses:
1st place - $350 + bonus;
All participants with profit of more than 50% will get real money bonuses.
The terms of the competition:
• Participation is free;
• Start-up deposit $5000 and a leverage 1:100 are provided;
• Currency pairs: 28;
• Lot: from 0.1 to 1 (one order can be opened with only 1 lot);
• Maximum number of orders (including pending ones): 3;
• Advisors are prohibited;
• Lock is forbidden;
Restrictions:
In order to get prizes, a participant should make at least 5 trades of total volume no less than 5 lots. Also, all participants should leave at least one message in the forum, or their prizes and bonuses could be cancelled.
Withdrawal of bonuses
Bonuses can be withdrawn once you complete the requirements: no earlier than in 30 days. Also you should make at least 20 trades of 10 minutes each one.
Withdrawal of prize
You can withdraw your prize through any payment system available at FXOpen.
If you haven't caught a time to register in the contest, please, open the page "Competitions", choose a contest and apply for participation!
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.
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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 $ 1200. 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 $ 1500, the total sum of bonuses will be reduced by $ 300 ($ 1500 - $ 1200 = $ 300).
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 $ 1200 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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