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forexchief

Registration for a “Profitable WeeK 12/03/2012-12/07/2012â€￾

Discussion in 'Broker dan IB' started by invest, Nov 29, 2012.

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  1. invest

    invest New Member

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    Benefits of such contests:
    • Total prize fund is $1500;
    • 5 trading days;
    • $350 is a prize for the 1st place;
    • Participation is free;
    • All traders, who increase a start-up deposit by at least 50%, will receive cash bonuses!

    We invite everybody to test a trading strategy and fight for the 1st prize - $350! Registration is available until December, 2. Don’t miss your chance! Register right now!

    Registration
    [​IMG]
    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:
    December, 2 – deadline for applying for participation;
    December, 3 – the contest starts;
    December, 7 – the contest ends;
    December, 10 – 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 8 trades of total volume no less than 8 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    Bonuses can be withdrawn once you complete the requirements: no earlier than in 30 days.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.

    - 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:
    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 make at least 20 trades of 10 minutes each one;

    Withdrawal of prizes
    Prizes 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 $ 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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