FXOpen, one of the world’s leading FOREX brokers, is looking for successful traders to become PAMM Managers.
Been thinking of becoming a PAMM manager? This is your chance to start a PAMM manager’s career without an initial investment! Join FXOpen’s Forex trading contest in July, win and become a manager of a PAMM ECN account without any initial investment. The Manager’s Capital worth of $1000 will be provided by FXOpen.
To join the new monthly contest, register at www.forexcup.com. Registration is open until July 1st. As usual, registration is free! Do not miss your chance to sign up!
Contest rules are simple. Competition starts on July 2, 2012. Each participant gets a competition demo account with $5000 and 1:100 leverage. All you need to do it trade and make as much profit as you can! 28 currency pairs are available for trading. You can have up to 5 open trades at the same time (including pending orders). Expert Advisors are not allowed. The rest depends on you!
Contest ends on July 27, 2012. The trader who makes the largest profit will become the winner and get a PAMM ECN account with $1000 from FXOpen. The TOP 4 traders will also get real money prizes.
Apart from that, any trader, who makes profit over 40%, will get a real money bonus.
To give all traders equal conditions, the following competiton rules are applied:
- Anyone can participate
- Initial deposit – $ 5000, leverage 1:100
- Minimum transaction size – 0.1 lot, maximum transaction size – 1 lot
- Maximum limit on open trades – 5 open trades at the same time (including pending orders)
- Minimum 50 participants
- Expert advisors are not included
The top 4 traders will be awarded real money prizes
- 1st place - $1005
- 2nd place - $255
- 3rd place - $150
- 4th place - $90
Registration is open until July 1, 2012
Contest will be help 2-27 July 2012
For more information, see the contest announcement on www.forexcup.com
Participant’s Guide
- Go to Open a Live Account , choose the “Personal” account type and fill out the form to receive login details for www.forexcup.com (more...);
- Go to Open micro trading account, on which your bonuses and prizes will be transferred.
- Log on to www.forexcup.com with your registered e-mail and the MyFXOpen password (the details you received after the registration);
- Join a ForexCup competition;
- Download and install the Meta Trader 4 trading terminal (download);
- Run Meta Trader 4 on your computer;
- Select File > Login in the Meta Trader 4 and enter the number and trader’s password for your ForexCup competition demo account.
How to Join a Competition
1. Log on to your personal area on www.forexcup.com with your registered e-mail and MyFXOpen password
2. It's necessary to specify your trading account, on which your bonuses and prizes will be transferred. This feature allows you to start trading on Forex with real money instantly after competition finish.
3. Click this link
4. Scroll the page down to find the Members list. Click Add me + to add yourself on the list. Then click OK.
5. Scroll a little bit up and click Save and Accept to confirm your choice.
6. After successful confirmation, you will receive an e-mail with your MT4 login details: login number, password and trading server address.
Good Luck!
Should you have any questions, feel free to contact us by e-mail (support@fxopen.com) or use FXOpenLive Chat to get immediate assistance.
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 $ 100;
- 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 ForexCup Competition thread in our Forum.
The total amount of all bonuses in the competition cannot exceed $ 1 100. 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 $ 1 500, the total sum of bonuses will be reduced by $ 400 ($ 1500 - $ 1100 = $ 400).
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 $ 1 100 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)
Prize withdrawal terms:
The main prize (1005 USD):
To get the prize, the winner must open a PAMM ECN account with FXOpen. The main prize (USD 1005) will be added as Manager's Capital to the newly-opened PAMM ECN account. The prize can be used to trade and develop the PAMM account. Once the Manager increases the funds in the PAMM account up to USD 5000, he can create offers and attract investors.
The prize can be withdrawn after a 3-month period, and after making at least 60 trades in the account. Profit can be withdrawn without any restrictions.
2nd, 3rd, 4th and 5th place prizes:
You can withdraw the prize via any of the payment systems available inside the MyFXOpen personal back-office area.
Bonuses:
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.
