HotForex ‘Virtual to Real’ DEMO Contest

The HotForex ‘Virtual to Real’ DEMO Contest   

The HotForex ‘Virtual to Real’ Demo Contest is a contest only held on demo accounts. Therefore, there is no monetary risk for the participants but the cash prizes awaiting the winners are real!

Furthermore, by offering this demo contest we allow our clients to master their trading skills with no risk but also get real money prizes!

Details:

• Length of each round – 1 Month



• Total Prizes per round – 3,500 USD

• Number of Prize winning Places – 3


• Initial Virtual Deposit - 100,000

Contest Rules HotForex ‘Virtual to Real’ DEMO Contest

• You must register for the competition via the competition dedicated page in order to participate


• Each participant will be given 100,000 USD in Virtual funds


• You can register for each round only one time, however the registration for each round can be done at any time as long as the round is still active


• This is a monthly contest so each round lasts for 1 month, from the 1st of the month to the last day of the given month.


• A participant may be disqualified if:

- A contestant is working on more than one contest demo account
- More than two contestants are working off the same IP address
- Leverage is fixed at 1:500 and cannot be changed.
- Any kind of prohibited trading is not allowed (please read Point 29 of our agreement)

The top 3 performers will be awarded the following:

- 1st Prize $2,000 Credited in a Live Account
- 2nd Prize $1,000 Credited in a Live account
- 3rd Prize $500 Credited in a Live Account
- The prizes will be credited in a Live HotForex trading account
- Performance of the top 10 participants will be published on the contest homepage once a day

The prize funds cannot be withdrawn but any profits can be withdrawn as long as the winner(s) has completed at least 10 round turn trades and a total volume of 10 standard lots.

No bonus is awarded on the prizes won

At the expiration of every monthly round, the previous round accounts are deleted. Clients wishing to rejoin the competition should open a new Demo competition account in order to join the new round.

At the expiration of every monthly round all open positions will be closed. The closing balance will be included into the gain formula.

HotForex may require verification documents (such as Proof of Address, Proof of Identity etc) in order to approve your application in the competition(s).

At the end of each month all the open trades will be closed before the final calculation.

The Company reserves the right to disqualify any contestant in the event that any prohibited trading activities are undertaken within any of the contestant's trading account or/and any other account related to it.