Forexcup - Profitable WeeK 12/17/2012-12/21/2012

Discussion in 'MISC SALE (Non IT related)' started by edmar6969, Dec 7, 2012.

  1. edmar6969

    edmar6969 Member

    FXOpen invites to participate in free Christmas demo-contests.
    Benefits of such contests:
    • Total prize fund is $1100;
    5 trading days;
    $150 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!
    Registration is available until December, 16. Don’t miss your chance! Register 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:
    December, 16 – deadline for applying for participation;
    December, 17 – the contest starts;
    December, 21 – the contest ends;
    December, 24 – summarizing and calculating prizes and bonuses

    Prizes and bonuses:
    1st place - $150 + bonus;
    2nd place - $75 + bonus;
    3rd place - $45 + bonus;
    4th place - $15 + bonus;
    5th place - $15 + 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 8 trades oftotal volume no less than 8 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    Bonuses can be withdrawn once you complete the requirements: no earlierthan in 30 days.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.
    - How to Join a Competition
    - FAQ

    Good Luck!
    Should you have any questions, feel free to contact us by e-mail ( or use FXOpen Live Chat to get immediate assistance.
    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 earlierthan in 30 days. Also you can make at least 20 trades of 10 minuteseach one;
    Withdrawal of prizes
    Prizes can be withdrawn at any time, in other words, after receivingprize money to your trading account, you can withdraw it through anypayment 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 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 $ 800 for this particular competition

    Actual Budget = the sum of all bonuses payable to all traders at the end of the competition

    New forex contests

    Source : Forex Encyclopedia

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