FX Market Masters December

Discussion in 'MISC SALE (Non IT related)' started by edmar6969, Nov 17, 2012.

  1. edmar6969

    edmar6969 Member

    During that season, as a result ofmonthly contests, 8 best traders became managers of PAMM ECN accountsregistered with FXOpen. Ahead the New Year FXOpen invites everybody toparticipate in a forex contest “FX Market Masters December”, where thewinner gets a solid account from the broker.
    Participation is free and total prize fund amounts to $5500!
    The winner will become a manager of aPAMM ECN account with the balance $1200 and will also receive a bonus.Also, each participant who increases his start-up deposit by at least40% 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!


    Participants’ task
    On the 1st day of the contest each participant will get $5000. Whiletrading at Forex, you have to increase your start-up deposit. The winnerwill 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.

    - 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.
    In order to get prizes, a participant should make no less than 20trades with total volume of at least 20 lots. Also, all participantsshould leave at least one message in the forum. Otherwise, prizes andbonuses 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    Bonuses can be withdrawn once you complete the requirements: no earlierthan in 30 days. Also you should make at least 20 trades of 10 minuteseach one;

    Withdrawal of prizes
    1. The main prize is available for opening a PAMM ECNaccount only. If you want to withdraw it, you will be able to do it in 3months and after 60 trades. All profit you can withdraw when you wantto
    2. Prizes for second, third and following places canbe withdrawn at any time, in other words, after receiving prize money toyour trading account, you can withdraw it through any payment systemavailable 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 $ 4000 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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