Updates - Forex Competitions

Forex trading competition from Forex-Metal broker takes place from February 8th to February 26th 2010.  

Conditions:

1. Prizes: 1st Place – $500 cash, deposited to the real trading account at Forex-Metal.com. 2nd place – $250. 3rd – $100.
2. Anyone is able to participate. Everyone is welcome. It is assumed that the participant will use an expert advisor of his/her choice to help in trading.
3. The client can open up to 10 accounts for use in the competition.
4. For the purposes of the competition the accounts can be denominated in USD only.
5. Competitors may use any instruments for trading, i.e. forex, metals, Oil, Index and share CFDs. Can open as many trades as necessary, as long as free margin in the account allows to do so.
6. Virtual funds are used in competition. Competitors can “make” only one virtual deposit to each trading account before the start of the competition, trading accounts before the start of the competition, by choosing an amount from $100 to $100,000 in the trading account’s menu. Additional deposits while the competition is in progress are not allowed. Competitors may choose any leverage from 1:100 to 1:500.
7. Competition closes on January 29th, 2010 at 22:00pm GMT. Any trades that are open at that time, will be closed at the market price. The results are calculated and the winners are determined by calculating a percentage of profit – total profit devided by the amount of deposit.
8. To claim the cash prize, Winners must open a real trading account at Forx-Metal.com (in case if they don’t have one already). Once the cash prize is deposited into the winner’s account, there are no restrictions on how it may be used by the person.