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,

RoboForex Launches Forex Trading Contest Project ContestFX

RoboForex Launches Forex Trading Contest Project ContestFX

Like any normal person, I'm a sucker for free stuff. Any time there is a wine tasting, cheese sampling, free mani-pedi discount coupons, I'm there. It's not necessarily that I need it, but... it's free! Therefore, you can probably imagine my excitement when I heard RoboForex is launching ContestFX – a new contest project, open to participants from all over the world.   Of course, this makes perfect sense. As we recently reported, New Zealand's financial regulator FSP has changed its rules and scratched 250 companies off its registry. Since RoboForex is one of the companies that have retained their FSP regulation, it would logically have to do its best to offer more and better services to its clients.    The ContestFX project is pretty straightforward. It offers a separate web page for each of the contests organized by RoboForex, with a detailed description of terms and conditions as well as info about contest events. There is a contest schedule, table of traders and all the latest contest news. Participation also does not require much – all you need is a live account which has the option to register for any of the contests (or all of them). You'll be asked to pick a nickname and enter your phone number in order to receive an SMS verification code... and that's it, you're ready to roll. The entire process takes no more than a few minutes.   As for the contests themselves, there are only two available at the moment - “Demo Forex” and “MegaLot”. “Demo Forex” has a duration of 1 month and a prize pool of $3,000, while “MegaLot” is a daily contest with a prize pool of $1,000 per day. For both contests, the rules to determine the winners are very simple and clear-cut: the participant who has accumulated the largest amount in their contest account by the end of the competition period takes first prize. In order to make sure that all competitors start on equal ground, RoboForex provides an initial virtual-money deposit into each contest account right before the start of the competition. The amount of this deposit is $20,000 for “Demo Forex” and $1,000 for “MegaLot”.   Two contests doesn't sound like much, does it? That's what I thought too, but RoboForex promises to add at least a few more to the ContestFX web page as soon as possible. If you are new to Forex and don't feel quite ready to test your trading skills, you can still make some dough by entering the broker's message board challenge and win cash prizes by participating in RoboForex's community. Whichever way you go, don't forget to have fun and make some profit along with that!    

Enjoy !

Horizons ETFs contest has a $10,000 grand prize

Horizons ETFs is launching a simulated trading competition February 1st.

The contest is open to Canadian residents who are 18 years of age and older. It starts at market open on February 1st, 2013, and provides an opportunity for investors to open a simulated trading account of $100,000 and invest in any combination of our 76 ETFs. The contest runs for four weeks. We have a grand prize of $10,000, a first runner-up prize of $5,000, a second runner-up prize of $1000, and four weekly prizes of $1,000. Participants are able to pre-register online now until Friday when the contest opens. We’ll be updating all participants regularly on weekly winners, both on the website and through email.

Enjoy!

New season of InstaForex Great Race 2013

Hurry up to register! Great Race with $55,000 prize pool starts in a week

InstaForex is excited to announce that there is only one week left before the beginning of the new season of InstaForex Great Race 2013, the contest among demo accounts. If your goal is to improve your trading skills, you are welcome to the InstaForex Great Race 2013 contest.

In addition to the opportunity to enhance your professional skills, you may win a real sum of money with your demo account participating in the InstaForex Great Race 2013 contest. There are only 7 days left before the end of registration for the first step of InstaForex Great Race 2013. Hurry up as you could be the lucky winner of the contest!

The Great Race contest has been held for five years with hundreds of thousands of traders taking part in it. InstaForex Great Race is one of the most popular Forex contests in the world. The total prize pool in the 5th season of the InstaForex Great Race 2013 contest among demo accounts is $55,000. Some of this money could be yours!

Hurry to register for the contest and become a candidate for the money prize. The first step of InstaForex Great Race 2013 starts on February 4, 2013. Do not hesitate for a long time as you have only one week left!

By participating in the InstaForex Great Race 2013 contest you have the chance not only to improve your professional skills, but also to earn real money with absolutely no risk.

Have no doubt and enter the new season of InstaForex Great Race 2013 right now!

Take part in InstaForex contests!

January Trading Contest: Deadline Extended!

I know how you humans love sharing and exploring mechanical trading systems, so for this month babypips.com extending the submission period for the contest!

In case you missed last week's post, you should know that you only have to follow THREE simple steps if you want to share a mechanical trading system that you're interested in. It doesn't even have to be your own. Just make sure that you give credit to the original system maker and your entry should be fine.

Remember that each entry would give $1 to Mercy Corps, our charity of the month. The winner will not only get to give $50 to his/her chosen charity among the Golden List of Charities, but he/she will also have his/her name up on the Hall of Fame as well as the BabyPips.com home page for a month. On top of that, the winning trading system will be mechanized, backtested, and graded by yours truly.

So help you I must, humans, for I know how important it is for you to explore trading systems. For this month I'm making a few tweaks in the contest:

First, I've decided to include the entries submitted during December in the voting for January's Best Forex Trading System contest. You see, I've had a bit of holiday hangover after toasting to our Highest Scoring Systems for 2012. It turns out that bubbly doesn't mix well with my freshly-oiled processors!

Next, since I still haven't seen any brave humans submit their mechanical systems for January, I have decided to give y'all an extension on the deadline for entries. I will be accepting submissions until January 27, 2012 11:59pm EST so that means you have TWO MORE WEEKS to get your entries in. No more excuses, fellas!

Lastly, voting for January's Best Forex Trading System of the Month will start on January 28, 2012 and the winning system will be announced the following week.

The search for the Holy Grail System continues!

Read more: http://www.babypips.com/blogs/art-of-automation/january-trading-contest-deadline-extended.html#ixzz2IoczgXl5