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It’s a Demo Contest held by Forexmart held on a monthly basis. The prize fund is $850.

 

Eligibility:

The bonus is available for all new and existing clients of Forexmart that will join the contest.

 

Dates Available:

Registration is anytime but it is a weekly Contest held from Monday 00:00 till Friday 23:59:59. Results are recorded at 12:00 GMT+3 every Saturday.

 

How To Join:

  1. All participants must be an existing client of Forexmart. Open an account if you don’t have one.
  2. Register at the contest page.

 

Prize Fund:

The prize fund of $850 will be divided in the following manner:

Ranking Prize

Prize Allocation

1st $300
2nd $90
3rd $75
4th $70
5th $65
6th $60
7th $55
8th $50
9th $45
10th $40

 

General Terms:

  1. Initial deposit for all Participants is 5,000 USD at 1:500 leverage.
  2. All expert advisors and trading strategies are allowed.
  3. Only the major and cross pairs are allowed for trading.
  4. Minimum volume – 0.01 lot. Maximum volume – 1 lot.
  5. Max # of open trades including pending orders – 5.
  6. Stop – out level – 10%.
  7. Participants age requirement: at least 18 years old.
  8. Contest results are published 14 days after the Contest and all checking procedures are completed.
  9. The highest balanced accounts will be announced as winners.
  10. At least 5% of the total profit has to be derived from trading results on EURUSD and 5% of the total profit from trading results on USDJPY.
  11. A winner can only win on the contest once a month.
  12. Prizes shall be transferred to a Forexmart live trading account at 1:50 leverage. Submit it to “competitions@forexmart.com”.
  13. Only any profit made over the prize amount can be withdrawn.
  14. The maximum profit available for withdrawal can’t exceed the amount of initial prize.
  15. A trading account is closed automatically at filing an application for withdrawal.
  16. Just open a new live account or transfer to an existing live account if you want to continue live trading.
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Categories: Forex Bonus