FXOpen Demo Contest Prize $3000

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FXOpen cooperate with cashbackforex.com presenting FXOpen Demo Contest Prize $3000

How to participate:

1. Register your account here
2. Contest Periode 01 Jun 2015 - 30 Jun 2015
3. Start Balance 50.000 USD, Leverage 1:100, Stop Out level 50%
4. Participants who meet or exceed 40% equity drawdown will be disqualified
5. The top 10 traders will receive prizes that are paid into the client’s FXOpen Live Trading Account in USD: 1st Place $1,200, 2nd Place $600, 3rd Place $300, 4th/5th Place $200, 6th – 10th $100. The competitors with the highest Equity Gain at the end of the contest win. 
6. Prizes free to withdrawn

The FXOpen Principal Contest Rules

1. Winning Criteria: Maximum Equity % Return.
2. Participants who meet or exceed 40% equity drawdown will be disqualified. Drawdown is calculated based on peak to valley equity, thus new account highs will impact drawdown tolerance.
3. 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 and stop outs at 50%.
4. Your opening simulated balance is $50000.
5. One entry per household and IP address. You may trade from various IP addresses; however, if multiple accounts are traded from the same IP address, those accounts will be disqualified. We track and enforce this very strictly utilizing multiple tracking methods. We regret that only one person per residence can participate, ensuring that people do not use many different contest accounts.
6. Contest Ineligibility: US residents may participate but the prize cannot be claimed as an account needs to be opened in order to claim the prize. In the event that a US resident/citizen wins, the prize will be transferred to the next (eligible) contestant with the highest ending balance.

Note: All contestants who open a live FXOpen ECN account before 31st July 2015 will benefit from having no commission charged on their first 20 trades.

General Contest Rules and Information

1. Please do not update your passwords on MT4 Terminal as this will cause connection issues between CashBack Forex and the broker and we will no longer be able to retrieve your trading information.
2. On the Metatrader client terminal, you will login to the server 'FXOpen-ECN Demo Server'.
3. 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.
4. There is a countdown timer to the start of the contest and the end of the contest on the Contest Rankings page. (Note: If you set your time-zone in your profile preferences, all times displayed on the site will be relevant to your time-zone)
5. The top 10 traders will receive prizes that are paid into the client’s FXOpen Live Trading Account in USD: 1st Place $1,200, 2nd Place $600, 3rd Place $300, 4th/5th Place $200, 6th – 10th $100. The competitors with the highest Equity Gain at the end of the contest win.
   You must have a Live FXOpen Account to claim your Prize
6. Terms and rules may change at any time. The contest host - CashBack Forex, the contest sponsor - FXOpen, and any other party involved in the running of the forex trading contest will not be liable to any other party for any consequential, indirect, special, incidental, punitive damages, or any damages or compensation of any kind.
7. Any participant intentionally hitting the demo price feed off market will be disqualified.  Because some forms of moderation are very labor intensive, we may only review the trading activity of winners at the end of the contest thus it is possible to make it to the end as a winner and be disqualified for cheating after the contest ends.  If we cannot be reasonably sure gains are not largely due to the low slippage of a demo account the account is likely to be disqualified, therefore accounts with many trades open for a very short period (<3 minutes) will likely be disqualified. Taking advantage of the inherent vulnerability of a demo feed in regards to latency arbitrage and lack of slippage is prohibited and those who do so will be disqualified.
8. Connecting and registering through public-facing servers (Web servers, VPS etc.) may result in disqualification. We realize this may disrupt some users who use a VPS for trading however at times this could be necessary for the protection of the integrity of the CashBack Forex contest, and giving everyone a chance at winning.
9. At contest end, open positions will be marked to market in order to calculate final metrics and placement.
10. We reserve the right to disqualify any participant at our sole discretion.
11. It is the winner’s responsibility to provide us with payment information. Prizes not claimed within 30 days of contest end will be cancelled.
12. All CashBack Forex performance tracking on contest accounts will be automatically suspended after the contest is completed.
13. At the end of the contest please allow up to 5 business days for us to declare winners. We will investigate trading activity of the contestants to ensure no violations of the contest rules occurred. Disqualifications will be made as necessary and a message will be posted indicating that winners are officially declared and all contest winners in the rankings grid will inherit a green background to identify them as official winners.
14. Some of our support staff may take part in the contest. These staff are participating only for fun and if they end up in the top 10 they will be disqualified as they are not allowed to win the contest.

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