Profitable WeeK 09/24/2012-09/28/2012




Participation in forex contests from FXOpen is not only a good way for testing your trading strategy. A victory in any contest is followed by enrollment of prizes and bonuses to participant’s account. Thereby, participation in contests between traders provides an opportunity of additional income.

FXOpen invites all newbies and experienced traders to participate in a regular contest, which will be held since September, 24 to September, 28. Participation is free, the registration will end on September, 23!

The winner of the competition “Profitable WeeK 09/24/2012-09/28/2012” will receive $250 and a bonus depending on his profit. Total prize fund of the contest amounts to $1700. By the way, all participants can get a cash bonus – they just have to increase a start-up deposit by 80% or more.

Participants' task
On the 1st day of the competition each trader will receive $5000. It is necessary to increase a start-up deposit while trading at Forex. The winner will be the trader with the biggest capital at the end of the competition.

Key dates:
September, 23 – the deadline for registration;
September, 24 – the contest will start;
September, 28 – the contest will end;
October,1 – summing up the results, calculating prizes and bonuses

Prizes:
1st place - $250 + bonus;
2nd place - $125 + bonus;
3rd place - $75 + bonus;
4th place - $50 + bonus;
All participants with profit of 80% or more will receive cash bonuses.

Terms of the contest:
• Participation is free;
• A 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):3;
• Advisors are prohibited;
• Lock is forbidden

Restrictions:
In order to get prizes, a participant should make at least 5 trades of total volume no less than 5 lots. Also, all participants should leave at least one message in the forum, or their prizes and bonuses could be cancelled.



is available only for authorized users of ForexCup.com


Participant’s Guide

  1. Go to Open a Live Account , choose the “Personal” account type and fill out the form to receive login details for ForexCup (more...);
  2. Go to Open micro trading account, on which your bonuses and prizes will be transferred.
  3. Log on to ForexCup with your registered e-mail and the MyFXOpen password (the details you received after the registration);
  4. Join a ForexCup competition;
  5. Download and install the Meta Trader 4 trading terminal (download);
  6. Run Meta Trader 4 on your computer;
  7. Select File > Login in the Meta Trader 4 and enter the number and trader’s password for your ForexCup competition demo account.



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 FXOpen after making 20 trades (minimum of 10 minutes per trade). You can withdraw the bonus after 30 calendar days since the date it was paid to you. Before withdrawing the bonus you must make at leat 1 forum post in the 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 the difference between the actual sum of all bonuses and our budget.

For example, if at the end of the competition the sum of all bonuses payable to all traders is $ 1 400, the total sum of bonuses will be reduced by $ 200 ($ 1400 - $ 1200 = $ 200).

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 $ 1200 for this particular competition

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

* Prizes can be withdrawn at any time, in other words, after receiving prize money to your trading account, you can withdraw it through any payment system available at FXOpen, but bonuses can be withdrawn once you complete the requirements described above.

Prize ≠ Bonus (prize and bonus are two different concepts)

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FX Insight. Test your luck! Hit the mark! (EUR/aud on 28.09.2012)


We invite everybody to take part in our new competition for traders “Test your luck! Hit the mark!”

FXOpen regularly holds a competition where the winner can get $30.

Currency pair: EUR/aud
Date for determination of the course: closed at 22:59 28.09.2012 (terminal time)
Acceptance of rates will be ended: September, 24
Date of announcement the winner’s name: October, 1
Prize: $30.

How to participate?

You have to leave a message at FXOpen.com forum with your prediction for exchange quotation concerning the currency pair, mentioned in the competition

Determination of the winner

A participant, who mentioned the exact closing price for the currency pair or the closest variant, will become a winner. If a few persons mention close variants, the winner will be the one, who was the first one to do it. The close price for the currency pair will be taken from FXOpen trading terminal after the closing of trades on Friday by Bid price.

Rules of the competition “Guess the exchange rate”

1. You have to add your forum’s nickname to your bet (for example, nickname – your bet);
2. Spreads between participants’ beds should be no less than 5 points. For example, if there has been already made a bet for 1.4400, all other participants should choose variants not closer than 1.4395 or 1.4405;
3. You can’t repeat someone else’s rate;
4. Each participant are able to make only one bet;
5. You are not able to change or delete your prediction;
6. All the bets, which do not comply with previous paragraphs, will be deleted.

The terms of withdrawal of the prize

1. If you want to withdraw your prize, you have to make at least 5 deals of any lot;
2. Each trade should be with profit or loss (+-) 4 points;
3. Each deal should be opened for at least 10 minutes.

Help

If you want to increase your chances to become a winner, you should:
1. Download an FXOpen trading terminal;
2. Open an account for free