http://www.fxpro.co.uk/ Contest

Start: Sun, 15 Jun 2014

End: Fri, 18 Jul 2014

Contestants: 1099

Type: Demo

VISIT THE FxPro WEBSITE

FxPro Group Limited

FxPro Group Limited is a global company providing innovative online FX brokerage services. FxPro is regulated in both UK and Cyprus.

With an outstanding track record of profitable growth, FxPro’s core business is acting as the primary source to its global clients in FX trading. Other principal products and services provide FxPro’s clients with opportunities to trade on major indices, commodities, metals and individual equities.

FxPro’s client base primarily consists of retail traders but it is increasingly servicing institutional partners as well, with transactions exclusively being executed online. Due to its rapid progression, FxPro’s client services are now available in more than 150 countries worldwide.

FxPro Group Limited is the ultimate holding company of; FxPro Financial Services Limited which is regulated by the Cyprus Securities and Exchange Commission (CySEC); FxPro UK Limited which is regulated by the Financial Conduct Authority (FCA).

Contest Cheating

Please do not cheat. Please do not open multiple contest accounts for the same contest. Besides how awful and dishonest it is to do such a thing, you will almost certainly be caught and lose your prize. This contest is actively moderated and a very large amount of analysis goes into deciding on the final winners. Besides the normal tools employed that easily catch 95% of most cheaters, there are also somewhat subjective decisions made and any signs of foul play is grounds for loss of your position as a finalist. Please don't risk it and don't use more than a single account for the contest. Most or all contests on the net are not moderated and people have adjusted the way they play these games; however, at Razor our goal is to give everyone an opportunity to learn and to excel.

The FxPro Principal Contest Rules:

1. Winning Criteria: Maximum Equity % Return
2. Participants who meet or exceed 75% equity drawdown will be disqualified. Drawdown is calculated based on peak to valley equity, thus new account highs will impact drawdown tolerance.(Understanding Drawdown)
3. Leverage on all accounts will be set to 1:200 for the duration of the contest with margin stop outs set to our MT4 - 90% and 95% (we start closing the most unprofitable trades at 10% remaining available margin and all of them are closed at 5% remaining available margin).
4. A minimum of 10 trades to be opened during the contest.
5. Your opening, simulated trading balance for this contest will be set to $30,000 USD.
6. One entry per household and one IP. We reserve the right to track and enforce this using several tracking methods.
7. Contest Ineligibility, USA: US-based residents may participate in this contest, but please note that, if you resident in the USA, you are precluded by regulation from holding a live account with FxPro, and, accordingly, cannot claim any prize you may 'win' by virtue of your active participation in this contest.  In the event that a resident from the ineligible country wins, the prize will be transferred to the next (eligible) contestant with the highest ending balance.

General Contest Rules And Information:

1. On the FxPro MetaTrader 4 client terminal, you will login to the server 'FxPro.com-Demo02'.
2. Contest Accounts on the FxPro trading platform are disabled until the contest begins.
3. The top 10 traders will receive prizes that are paid into the client’s FxPro Trading Account in USD: 1st Place $5,000, 2nd Place $2,000, 3rd Place $1,000, 4th/5th Place $500, 6th – 10th $200. The competitors with the highest equity gain at the end of the contest win.
   Contest Winners need to open a NEW live account so that prize funds can be credited to your new live account.
4. Note: You must be a registered FxPro live account holder to manage/withdraw your prize; there is no restriction on the amount you may withdraw. Prizes not claimed within 30 days of contest end will be cancelled.
5. Winners will be contacted after the contest ends by registered email address to collect payment info. Note that the Contest Sponsor may email promotional communications from which you may unsubscribe at any time.
6. Terms and rules may change at any time. Forex Razor, the contest host, and any other party involved in the running of the forex trading contest will not be liable to any other party for any consequential, indirect, special, incidental, punitive damages, or any damages or compensation of any kind.
7. Any participant intentionally hitting the demo price feed off market will be disqualified. We only review the trading activity of winners at the end of the contest to decide whether a contestant will be disqualified. If we cannot be reasonably sure gains are not largely due to the low slippage of a demo account the account is likely to be disqualified, therefore accounts with many trades open for a very short period ( 1 - 2 minutes) will likely be disqualified. Unfortunately there is no 'perfect' way to moderate a demo trading contest and ensure no cheating, but if we do not implement these rules it will become a contest of who is the best at cheating, or in other words, taking advantage of latency arbitrage and lack of slippage. Our goal is to give manual traders the same chance of winning as automated traders. Please inquire in the forum if you need clarification.
8. Connecting and registering through public-facing servers (Web servers, VPS etc.) may result in your disqualification. We will not provide specifics about why, and realize this may disrupt some users who use a VPS for trading however at times this could be necessary for the protection of the integrity of the Forex Razor contest, and giving everyone a fair shot.
9. At contest end, open positions will be marked to market in order to calculate final metrics and placement.
10. We reserve the right to disqualify any participant at our sole discretion.
11. Please note: in this contest, the ability to change your contest account password has been disabled.
12. All Forex Razor stats accounts associated with contest demo trading accounts will be automatically suspended after the contest is completed; however, you will continue to be able to trade on the FxPro demo trading account, and the Forex Razor stats account can be easily be manually unsuspended from the My Accounts > My Trading Accounts tab if you would like to continue to track performance.
13. At the end of the contest please allow up to 5 business days for us to declare winners. We will investigate trading activity of the winning contestants to ensure it did not violate the contest rules as well as checking if the same user was using multiple logins. Disqualifications will be made as necessary and finally a message will be posted indicating that winners are officially declared and all contest winners in the rankings grid will inherit a green background to identify they are official winners.
14. Contest Sponsor and/or Contest Host staff may participate in the contest; these contestants are participating only for fun and learning and are auto-precluded from any winners listing and receipt of associated prizes.
15. Contest Eligibility: The Contest is open to individuals who are at least 18 years of age completed at the starting point of the Contest and have reached the age of majority in the jurisdiction of their residence. See Rule 7 above re: Country of Residence Ineligibility.