The contest has lots of advantages- no doubt, it will be popular with different groups of traders, such as:
- Pragmatic traders - 4 trading weeks are enough to think over the trading strategy;
- Self-confident traders- they will fight for 5 prizes while the prize fund totals US$1500;
- Thorough traders- they are definitely willing to get bonuses and know what should b done for that — 10% of profit and bonus is in the pocket;
- Provident traders- they know that the entry fee will reduce the competition and give more chances to win;
- Ambitious traders- the main prize is a PAMM ECN/STP account, which is worth fighting!
As usual, all participants will enjoy inspiring contest atmosphere, will be able to develop their trading skills and compete with contestants from all over the world.
Important! You are required to have at least US$6 in your e-Wallet to register to take part in the tournament. You can add funds to your account via any payment system. If you have funds available in your FXOpen trading account, you can transfer the needed sum to your e-Wallet. Go to your account.
The detailed terms of “FX Market Masters July 2014”
June 18, 2014 registration starts;
July 13, 2014 - registration ends;
June 30, 2014 - competition starts;
July 25, 2014 - competition ends;
July 28, 2014 - summing-up.
1st place - 68%*;
3rd place - 10%*;
4th place - 4%*;
5th place - 3%*
*- % of the competition prize fund or of the guaranteed prize unless the contest prize fund is less than US$1,500.
- 1% of the profit made during the competition will be added to the account of the traders, able to increase the provided start-up deposit by 10 % or more;
- Declared bonus budget US$3,000.
Terms of the contest:
- Entry fee: US$8;
- Trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF, GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD, EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY, AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK, USDCNH;
- Trading platform: MetaTrader 4 (download);
- Contest account: competition ECN;
- Start-up deposit: US$5,000;
- Leverage: 1:100;
- EA: allowed;
- Locking: allowed;
- Lot volume: from 0.1 to 1 (maximum 1 lot per order);
- Number of orders, open at a time (including pending orders): maximum 5;
- The liquidation of the contest PAMM ECN/STP account: 3 trading months after its opening with more than 60 trades made in the PAMM ECN account and more than 120 trades in the PAMM STP.
Please, pay your attention to the fact that your trades are automatically closed at the end of the contest. Therefore, the closing price may be either the same as the market closing price, or differ from it because your trades are usually closed not immediately, but with some delay.
Basic requirements to be eligible for a prize/bonus:
- Minimum number of trades - 20 trades of 20 lots total volume;
- Make at least one post in the corresponding thread of FXOpen Forum (otherwise prizes and bonuses will be withheld);
- A brief interview when the contest is over is an obligatory requirement to be eligible for the main prize (ForexCup team will proved the question list).