FOREX TRADING CONTEST (Feb 2011)
In celebration of the 2011 Chinese New Year, Our Company (FXDD) is launching a live trading contest for our clients! Trade from February 13th to March 11th, 2011 and you could win a $10,000 bonus.
To add to the excitement, when you register and deposit funds before March 11, 2011, you will receive
a 5% bonus.**
*Terms and conditions apply
If you don't have a live account, CLICK HERE TO REGISTER NOW
Click Here to Deposit more Funds
Winner bonuses (by percentage gains)
90 trading bonuses with a total $50,000 in awards
1ST PLACE: $10,000
2ND PLACE: $5,000
3RD PLACE: $3,000
4TH TO 10TH PLACE: $1,000
11TH TO 40TH PLACE: $500
41TH TO 90TH PLACE: $200
The contest will begin February 13, 2011 at 5 P.M. ET and end March 11, 2011 at 4 P.M. ET. Open positions will not have to be liquidated for purposes of determining the contest winners. All open positions will be marked to market as of 4 P.M. ET on the last day of the contest.
The FXDD live trading contest is open to registered new and existing FXDD clients. Participating clients may register for the contest January 30, 2011 at 5 P.M ET through February 11, 2011 at 12:00 P.M. ET. Please click here to register.
To be eligible for the contest, the account equity must be at least $1,000 as of 4 P.M. ET on February 11, 2011. For those who register for the contest after February 11, 2011, the account equity must be over $1000 on the date of entry. Any withdrawal or transfer from the client’s account during the contest period will result in elimination of eligibility. Clients must complete a minimum of fifteen (15) round turn standard lot (100,000 unit) trades (or the equivalent in the case of mini/micro accounts) prior to 4 P.M. ET on March 11, 2011. FXDD, in its sole discretion, reserves the right to determine eligibility of any client.
The 5% bonus (up to $5,000 per client) is applicable to the initial deposit made for contest entry during the contest period only. Bonus funds must remain in the account for at least 90 days. If the account is inactive for 45 days, FXDD reserves the right to rescind the bonus funds.
FXDD requires that the client trade a minimum of 'N' standard lot round turn trades to be eligible to withdraw bonus funds. 'N' is equal to the amount of bonus dollars received divided by 15.
For example: If the bonus is $60, the minimum number of trades is 60/15 = 4. Therefore, 4 standard lots round turn trades are required in order to be eligible to withdraw any bonus funds.
Use of contest for promotional purposes
Clients whose account(s) are in the leader’s bracket during the contest must agree that their name and trading record may be published by FXDD, at its discretion, in any media and format it chooses. All determinations of eligibility by FXDD are made in its sole discretion and such determinations are final.
Selecting the Winners
Participating live accounts will be marked to market at 4:00 PM ET on February 11, 2011 and at 4:00 PM ET on March 11, 2011, to determine beginning equity and ending equity respectively. For the purpose of the contest results, the percentage gain will be calculated using the following formula: 100% * (Ending equity - Beginning equity - Deposits) / (Beginning equity + Deposits) . The contest winners will be the first 90 traders with the highest percentage gain. The final selection of the winners is at FXDD’s sole discretion and all determinations are final.
All trading during the contest shall be conducted pursuant to the terms and conditions of the Customer Agreement, Risk Disclosure Statement and Trading Rules and Regulations set forth in FXDD’s customer account opening documents. Further, any client who in FXDD’s sole determination is engaged in scalping, inappropriate trading strategies or who attempts to manipulate FXDD’s price feed or in any other way attempts to manipulate communications or the software made available to clients may be eliminated from the contest. All such determinations shall be final. The purpose of the contest rules is to ensure that each client has the same opportunity; therefore, FXDD reserves the right to amend, waive or interpret any rule in its sole discretion.
FXDD shall not be responsible for any delay in the acceptance or transmission of orders due to a breakdown or failure of transmission or communication facilities, or for any other cause beyond its reasonable control or anticipation.
FXDD reserves the right to extend the contest time period, to postpone the starting date and to cancel the contest at any time in it its sole discretion.
High Risk Warning
Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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