Promotion Link: http://www.contestfx.com/contest-item/rule/demo-forex/
Available to: All new clients
Ending Date: 31 December 2016
The time of the contest
The “Demo Forex” contest is held monthly and involves only demo accounts. Competitions are held according to the schedule.
Terms of participation in the contest
Verification of your Members Area.
A nickname at the Company’s official Message Board, which is linked to your Members Area.
In your Members Area you have to open only one contest account, which will take part in all competitions.
Initial deposit — $5,000 (initial balance is deposited one minute before the competition starts).
Stop Out level — 20%.
Hedge margin — 25%.
Leverage — 1:100.
Account type — MT4 Demo Fix.
Trading terminal — MetaTrader4.
The maximum number of orders is 10.
The maximum transaction volume is 0.1 lot.
There are no any limitations for trading instruments.
At the end of the competition all open orders will be automatically closed by force.
In case it is technically impossible to close all orders at the same time, they will be closed in turn, and the difference in closing time will not be considered as reason for complaint or recalculation of the participants’ final balance.
Expert Advisors (scripts) are prohibited.
Close family members and affiliated persons are not allowed to register and participate in the same competition.
The same IP-address (PC) can’t be used by several participants.
Participants, who break the contest rules, will be disqualified and will not have the right to claim any prize.
Conditions to determine the contest winner
The winner is the participant with the largest deposit on the contest account by the end of the competition. The remaining prizes are defined in the same way. For the total ranking calculation, we do not take into account those contest accounts with the final deposits less than the initial ones.
In case the participant claiming for the prize is disqualified, the award goes to the participant next in the ranking. One has the right to file a complaint concerning the contest results during one business day after the results are announced. Complaints are to be sent to firstname.lastname@example.org.
TimeOut — 6 competitions.
Prizes of the contest
1st place — $700;
2nd place — $550;
3rd place — $420;
4th place — $350;
5th place — $290;
6th place — $240;
7th place — $180;
8th place — $130;
9th place — $90;
10th place — $50