During that season, as a result of monthly contests, 8 best traders became managers of PAMM ECN accounts registered with FXOpen. Ahead the New Year FXOpen invites everybody to participate in a forex contest “FX Market Masters December”, where the winner gets a solid account from the broker.
Participation is free and total prize fund amounts to $5500!
The winner will become a manager of a PAMM ECN account with the balance $1200 and will also receive a bonus. Also, each participant who increases his start-up deposit by at least 40% will receive a cash bonus to his account.
Thanks to the forex contest “FX Market Masters December”, you will be able to start trading in a real account very soon!
Join the contest right now – and the luck will not take long!
Registration
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:
December, 2 – deadline for applying for participation;
December, 3 – the contest will start;
December, 28 – the contest will end;
There are 4 prizes:
1st place - $1200 + bonus;
2nd place - $135 + bonus;
3rd place - $90 + bonus;
4th place - $75 + bonus.
All participants with profit of more than 40% 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.
Registration
- How to Join a Competition
- FAQ
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.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Bonuses can be withdrawn once you complete the requirements: no earlier than in 30 days.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 should make 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 when you want to
2. Prizes for second, 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
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 $ 4000 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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