FOREXCUP - Profitable WeeK 11/12/2012-11/16/2012

Discussion in 'MISC SALE (Non IT related)' started by edmar6969, Nov 6, 2012.

  1. edmar6969

    edmar6969 Member

    In the middle of November ForexCup invites traders to participate in afree weekly contest “Profitable WeeK 11/12/2012-11/16/2012” with a prizefund of $1500.

    You do not risk at all because participation in the contest is totallyfree. In case of successful trading you will get real money to youraccount! Actually, it’s easy to receive a bonus – you have to increaseyour 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!

    Participants’ task
    On the 1st day of the contest each participant will get $5000. Whiletrading Forex, you must increase your start-up deposit. The winner willbe 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;

    In order to get prizes, a participant should make at least 5 trades oftotal volume no less than 5 lots. Also, all participants should leave atleast one message in the forum, or their prizes and bonuses could becancelled.

    Withdrawal of bonuses
    Bonuses can be withdrawn once you complete the requirements: no earlierthan in 30 days. Also you should make at least 20 trades of 10 minuteseach 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
    Go to Open a Live Account , choose the “Personal” account type and fill out the form to receive login details for (more...);
    Go to Open micro trading account, on which your bonuses and prizes will be transferred.
    Log on to with your registered e-mail and theMyFXOpen password (the details you received after the registration);
    Join a ForexCup competition;
    Download and install the Meta Trader 4 trading terminal (download);
    Run Meta Trader 4 on your computer;
    [*]Select File > Login in the Meta Trader 4 and enter the number andtrader’s password for your ForexCup competition demo account.
    How to Join a Competition
    1. Log on to your personal area on with your registered e-mail and MyFXOpen password

    2. It'snecessary to specify your trading account, on which your bonuses andprizes will be transferred. This feature allows you to start trading onForex 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 successfulconfirmation, you will receive an e-mail with your MT4 login details:login number, password and trading server address.

    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 FXOpenafter making 20 trades (minimum of 10 minutes per trade). You canwithdraw the bonus after 30 calendar days since the date it was paid toyou. Before withdrawing the bonus you must make at leat 1 forum post inthe 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 thedifference between the actual sum of all bonuses and our budget.

    For example, if at the end of the competition the sum of all bonusespayable to all traders is $ 1500, the total sum of bonuses will bereduced 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

    Source : Forex Encyclopedia

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