Forex Finals: tournament description and terms
Forex Finals
ForexCup Forum Tournament on Live Accounts
We welcome traders to join Forex Finals, the new ForexCup tournament on Live Accounts.
The winner of each tour becomes a PAMM STP Provider(analog to PAMM account Manager) with a deposit of $1,000 (the prize is subsidized by FXOpen). Moreover, the first three winners of the whole tournament (consists of 6 tours) can also become PAMM ECN Providers with $3000, $1000 and $1000 on the account respectively. The sooner you begin to participate in the tournament, the higher your chance is!
Main conditions of Forex Finals:
- 2 rounds, 12 tours;
- 1 tour = 4 weeks;
- one-time application. After registering in any of the tours, the trader automatically takes part in all the remaining tours;
- no restrictions!
Participating in a tour traders can easily use:
- any trading instruments available on FXOpen STP accounts;
- any trading strategies;
- Expert Advisors (AEA, MEA, etc.);
- any other standard applications for MT4.
Go to the ForexCup forum to get the detailed information on the Forex Finals terms.
Terms
1. The competition is held on live FXOpen STP accounts.
2. Registration:
2.1. Registration is open starting upon the announcement and till the last week of Tour 12. The list of the participants is available in the competition thread on the forum.
2.2. In order to register a trader should:
• open a live STP account (USD account currency) through the partner’s link. Agent’s code is 600022. If you are not registered with FXOpen, use our Quick Registration Form for the new clients to get an STP account.
• verify the account. Upload your documents of identification (scan of passport, ID card or any other document authenticating your identity) here https://forexcup.cabinet.fxopen.com/...ngs/Documents/
• fill the balance with US$100 or more.
• leave the application message with your trading account number and your nickname in the Registration forum thread. Attention! If you skip this point, you won’t get into the Rating.
3. Forex Finals Competition Structure
3.1. 3 rounds, 18 tours (with a possible extension).
3.2. 1 tour = 4 weeks
3.3. one-time application. The contestants participate in each new tour automatically. There is no need to apply for each new tour.
3.4. rating system. The list of TOP-10 participants is available in the competition thread on the forum. The list is updated several times per week and includes positive balance accounts only.
4. Trading Terms
4.1. No restrictions! The participants are allowed to use any trading instruments available on FXOpen STP accounts. Any trading strategies, Expert Advisors, autotrading, hedging, scalping are permitted.
4.2. Competition account parameters: a live trading account, the starting deposit is US$100 or more, the leverage is 1:500.
4.3. Trading platform – FXOpen MetaTrader 4 (download).
5. Forex Finals Winners and Prizes
5.1. the winner of the "Forex Finals" tournament (based on the results of 6 tours of 1 round).
The winner will be determined based on the total amount of the points received during the tournament. The participants get points according to the following system:
- 1 place – maximum profit received – 25 points;
- 2 place – 18 points;
- 3 place – 15 points;
- 4 place – 12 points;
- 5 place – 10 points;
- 6 place – 8 points;
- 7 place – 6 points;
- 8 place – 4 points;
- 9 place – 2 points;
- 10 place – 1 point.
Top three will be lucky to start their PAMM career at FXOpen and get:
• 1st place – PAMM ECN with $3,000;
• 2nd place – PAMM ECN with $1,000;
• 3rd place – PAMM ECN with $1,000.
Forex Finals Main Prize (6 tours final prize) – PAMM ECN account with $5,000 deposit.
5.2. Tour winners
5 participants, managed to gain the maximum % of profit (deposit includes the funds added in the course of the tour. Profit withdrawals are not included).
• To be eligible for the prize, you have to fit the minimal profit requirement of 20% and the minimal trading volume of 0.5 lots per tour.
• In case of the equal trading results, the winner will be determined according to the highest profit-factor value.
5.3. Prize fund for each tour amounts to $1,400 and is distributed as follows:
- 1 place – $1,000 PAMM STP (the account may be closed after 3 months of trading with minimum 120 trades);
- 2 place – $200 (will be deposited on the competition account, withdrawal is possible after 20 trades);
- 3 place – $100 (will be deposited on the competition account, withdrawal is possible after 20 trades);
- 4 place – $50 (will be deposited on the competition account, withdrawal is possible after 20 trades)(added starting from Tour 3);
- 5 place – $50 (will be deposited on the competition account, withdrawal is possible after 20 trades)(added starting from Tour 3).
Attention! FXOpen reserves the right to disqualify a prize winner if there are reasonable grounds to think that the profit was gained with fictitious transactions, manipulations or other fraudulent activities.
The traders under 18 are not permitted to participate.
6. Requirements:
6.1. The participants must provide authentic personal data (name, phone number, e-mail). In case multi-registration is suspected, FXOpen has the right to carry out an additional verification procedure by calling the participant. If the phone number is incorrect, the participant will be disqualified. Prizes for the second and the third places will be transferred to the trading accounts and all further actions with the prize money are available after the account verification and 20 trades.
6.2. After the registration is completed and the funds are deposited, the participant is required to leave a message with his/her account number and nickname in the corresponding thread of the forum.
6.3. Participation is forbidden for traders under 18.
6.4. Two and more participants with the same IP-address (or in other multi-registration cases) will be disqualified.
6.5. The number of the trades performed in the course of the tour is at the discretion of participant.
To register go to the following thread!
Useful Links:
1. Tournament description and terms;
2. The results of Tour I;
3. The results of Tour II;
4. The results of Tour III;
5. The results of Tour IV;
6. The results of Tour V;
7. The results of Tour VI;
8. PAMMs of Round I winner MaxZ;
9. The results of Tour VII;
10. Terms of Tour VIII.
11. Forex Finals: Tour 13
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