ForexCup decided to start the new 2014 year with a new record by offering a variety of Forex competitions. Today we invite traders to join a traditional 4-week contest – FX Market Masters February!
The format of the FX Market Masters contest is very popular among the traders and ForexCup fans. The reason for that is its convenient time interval, impressive prizes and bonuses, low competition, and, surely, PAMM ECN account as the main prize for the winner.
The February contest is characterized by:
- 4 trading weeks – it’s enough to test new strategies, correct casual mistakes, and make decent profits.
- The guaranteed prize fund – US$1,500. Want a part of it? By the way, we offer 6 prizes at a time!
- US$3,000 for bonuses and 10% profit as a bonus gain threshold – it’s not hard at all, isn’t it?
- Relatively low competition due to a token fee for participation. Thus, only the most motivated traders will take part in the contest.
- The main prize is a PAMM ECN or a PAMM STP account at a trader’s choice! It’s a perfect opportunity for being a PAMM Manager!
Who knows, it may be FX Market Masters that will bring you luck! Don’t hesitate – just try it!
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.
January 15th, 2014 – registration starts;
February 17th, 2014 – registration ends;
February 3rd, 2014 – competition starts;
February 28th, 2014 – competition ends;
March 3rd, 2014 – summing-up.
1st place – 67%*;
2nd place –15%*;
3rd place – 8%*;
4th place – 5%*;
5th place – 3%*;
6th place – 2%*.
*- % 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, NZDCHF, NZDCAD, NZDJPY, NZDSGD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK;
- 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).