Excel Markets Trading Contest

Contest Rules and Information:

1. On the Metatrader client terminal, you will login to the server 'ExcelMarketsNZ-Demo'.
2. Trading on trading platform is disabled until the contest begins.  If you are logged into platform when we enable trading, you will need to logout and then login again to be able to trade.
3. Prizes are in USD Cash, there are no additional requirements to collect the cash prize besides placing 1st-10th in the contest: 1st Place $3000, 2nd  Place $1250, 3rd Place $400, 4th Place $250 and 5th through 10th receive $100. The people with the highest equity gain at the end of the contest win.
4. Participants who meet or exceed 50% drawdown will be disqualified.  Drawdown is calculated based on peak to valley equity, thus new account highs will impact drawdown tolerance.
5. Leverage on all accounts will be set to 1:100 for the duration of the contest with margin calls set to 100% of required margin.
6. Winners will be contacted after the contest ends by registered email address to collect payment info.
7. Any participant intentionally hitting the demo price feed off market will be disqualified.  Please inquire in the forum if you need clarification.
8. At contest end, open positions will be marked to market in order to calculate final metrics and placement.  You will be trading with 10,000 USD fake money.
9. We reserve the right to disqualify any participant at our sole discretion.
10. It is the winner’s responsibility to provide us with payment information. Prizes not claimed within 30 days of contest end will be cancelled.
11. One entry per household.  We will track and enforce this using several tracking methods.
12. You may change the password on your trading account from the one assigned by default, however you will need to edit your stats account and input the new password so our system can connect and download your trading records.  You may edit your stats account by going to My Account > My Trading Accounts and click the edit icon for the contest trading account.
13. Winners will be contacted by email and must provide us with information that will allow us to pay the prize amount by either bank transfer, Paypal, or Liberty Reserve.  There is no requirements to furnish identification etc. as prizes are cash and you do not need to open a trading account to collect the prize.  Any fees associated with payment will be deducted from winnings.  Winners must respond to us within 30 days of contest end date to collect their prize otherwise the prize will become forfeited.
14. 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 Excel Markets demo trading account, and the Forex Razor stats account can be easily manually unsuspended from the My Accounts > My Trading Accounts tab if you would like to continue to track performance.  Excel Markets Demo accounts expire only if they are not logged into for 365 consecutive days.

To register for the contest you need to be logged in.  Good Luck!

$5,500 Prize Pool for ForexRazor's "Excel Markets Forex Trading Contest March 2013"

To take part in the contest, you need to be registered at ForexRazor.com. You can register any time between March 18, 2013 and April 15, 2013 (which is when the contest will end). When you access the “Contests” section of the site, you will be able to open the Trading Contest page, read and accept the terms and conditions, and register. Then, when you open your Meta Trader 4 account, you will need to access the server titled “ExcelMarketsNZ-Demo”... and start trading. You will be given $10,000 fake money, which you can use to compete for the $5,500 prize pool. The trader with the biggest profit when the contest ends will be given a $3,000 prize. Second place will win $1,250, third will win $400, fourth will win $250 and five to ten will tin $100 each. The winnings will be paid within 30 days of the contest's end via PayPal, Moneybookers/Skrill or wire transfer. Prizes that are not collected after 30 days will be canceled.

Of course, just like any other Forex competition, this one has certain specifications you would need to pay attention to. First, leverage for all participating accounts will be 1:100, and margin calls will be set to 100% of the required margin. Once the margin call is triggered, your trades will be closed one by one. If you lose all your money, you will not be able to register again and start over (there is a strict one entry per household rule). Second, meeting or exceeding 50% drawdown will get you disqualified from the contest. Drawdown will be calculated based on “peak to valley” equity, and new account highs will have also affect drawdown tolerance.

The third thing you need to pay attention to is, as stated in the official contest rules, that “any participant intentionally hitting the demo price feed off market will be disqualified”. This means that if you try to take advantage of any latencies between your connection and the trade server, ForexRazor will find out and kick you out of the competition. Be warned!

Like any demo Forex trading competition, the Excel Markets Forex Trading Contest March 2013 sounds like a nice, safe opportunity to test your skills and pit yourself against you fellow traders, while making some money. We've already seen several such offers this year, like OANDA's Myfxbook Demo Contest and the FBS March $999 Demo Contest. Some brokers go even farther, offering immense prize pools, like the Admiral Markets $541,000 ForexBall prize pool. All in the spirit of friendly fun and competition, of course!

ENJOY!

New Myfxbook Forex Contest!

We’re happy to announce the next contest, sponsored by Oanda, where trading will occur with fxTrade practice:

Forex Contest Oanda

$5,000 in prize money are up for grabs and it will be distributed among the winners in the following breakdown:
1st place – $3,000 funded fxTrade account.
2nd place – $1,500 funded fxTrade account.
3rd Place $500 funded fxTrade account.

To sign up, please go here: http://www.myfxbook.com/contests/forex-contest-oanda/14/rules

Good Luck,