Trader's contest regulations:
- 1. To participate in the contest you need to open a competition account using the link below before 31st of the March 2008 23:59 server time (+2GMT)
- 2. Your account will be enabled for trading from 01.04.2008, 00:00 server time GMT+2 after the competition will start. The competition will end 30.04.2008, 23:59 server time GMT+2
- 3. After the end of competition (30.04.2008 ) all open positions will be closed automatically, at which time the FXOPen team will start calculate the results. The results will be published 2-3 days from the competition end.
- 4. The contest begins if the quantity of competitors is at least 1000 persons. If there are less than 1000 competitors, the beginning of the contest may be postponed to the beginning of the next month, or another date decided by FXOpen.
- 5. New registrations will be closed when the contest begins. After the beginning of the current contest you may only register to participate in the next contest. When the contest ends, all accounts are deleted, to participate in a new contest, you must register again.
- 6. All trading operations in the contest are made with virtual money only. The initial deposit for all competitors is 5000 virtual US dollars. Depositing funds or withdrawal is not allowed. All competition accounts have the leverage set at 1:200.
- 7. The contest will run for one calendar month.
- 8. Competitors must make at least 10 trades during the contest.
- 9. Minimum trading size is 0.1 lot (10,000 units of base currency). Maximum trading size per position is 5 lots (500,000 units of base currency). Multiply amount of the orders can be opened same time. In order of breaking the rule of opening more then 5 lots account will be disqualified.
- 10. Up to date results of the contest are published on our web-site in real time.
- 11. Competitors confirm the agreement on publishing certain personal data and their trading list at our web site on the pages about the current competition.
- 12. Each competitor may use only one account during the contest. If a competitor is found to be trading more than one account, he/she will be disqualified. If any other suspicious activity is discovered, (same IP address for 2 or more accounts, same emails for 2 or more accounts etc...) FXOpen reserve the right to disqualify the account(s) without warning.
- 13. One computer may not be used for working on more than 2 accounts. "Working" means opening/closing positions, and/or setting or adjusting orders of any kind.
- 14. If you have any questions about the contest, please contact us via e-mail manager@fxopen.com
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