9th Demo Free Roll Forex Tournament

9th Demo Free Roll Forex Tournament

ForexBrokerInc would like to invite you to take part in our 9th Free Roll Forex Tournament, ForexBrokerInc will take you on an amazing journey, to push yourself to the limit, and challenge you to prove yourself to be the best trader at ForexBrokeInc. 9th Demo Free Roll Forex Tournament Follow schedule. Tournament Dates February 9 - February 14, 2014. Once you have created your account on our landing page, you will receive an email from our Marketing Department with confirmation that you have been registered in our 9th Free Roll Forex Tournament.

9th Freeroll Forex Tournament Terms and Conditions

1. Trading rules:
   
   US Citizens Only
   No Registration Fee
   Leverage 1:500
   Initial Virtual Balance $7.000
   Trading Options: MT4, Webtrader, Mobile Trade
   No Requtoes
   Hedging and scalping is allowed (FIFO Rules not applied)
   Players will need to upload documents


2. By participating in the Freeroll Forex Tournament you acknowledge that you have read, and agreed to be bound by, these terms and conditions as well as to Forexbrokerinc Terms and Conditions. The participants cannot open any trade until tournament started.


3. To participate in the Freeroll Forex Tournament you have to register for the contest providing the details requested (first & last name, valid working telephone number (enabling our account managers to contact you), and email address, and be over 18 years old)). All details provided during the registration process should be correct (i.e. full name details to match the proof of identity, and proof of residence provided etc.), otherwise the participant/winner will be disqualified from the Freeroll Forex Tournament.


4. The Forexbrokerinc Freeroll Forex Tournament will commence in specific date and time.
   
   a. Forexbrokerinc will accept only the participants that have registered for Freeroll Forex Tournament Demo Account during the above mentioned dates, inclusive.
   
   b. At the end of the Freeroll Forex Tournament, Forexbrokerinc will automatically close any running/open trades at the last quoted price of the forexbrokerinc’s MT4 trading platform.


5. The Freeroll Forex Tournament winners will be decided by the following (in order of importance).
   
   a. Percentage in Profit;
   
   Percentage of Profit = (Total Net Profit / Initial Deposit) x 100
   
   b. Percentage of Relative Breakdown;
   
   Percentage of Relative Breakdown = the difference between highest (H1) and the lowest (L1) peak of the day as a percentage = [(H1-L1)/H1] x 100
   
   c. Profit Factor;
   
   Profit Factor = Gross Profit / Gross Loss
   
   For instance:
   
   - at the end of the contest period, Forexbrokerinc will look at the percentage in profit which this will determine the winner.
   
   - In case 2 persons have the same percentage in profit then Forexbrokerinc will look at the percentage of relative breakdown to identify the winner.
   
   - If percentage in profit & percentage of relative breakdown is the same then Forexbrokerinc will look at the profit factor to identify the winner;
   
   - If all above mentioned factors are the same for clients then the said clients will have to share the given award prize.


6. Freeroll Forex Tournament award prices are set as below:
   
   POOL PRIZE $9000
   
   Place Award Prize
   
   1st Position CREDIT BONUS PRIZE $2500
   
   2nd Position CREDIT BONUS PRIZE $1500
   
   3rd Position CREDIT BONUS PRIZE $1000
   
   4th Position CREDIT BONUS PRIZE $800
   
   5th Position CREDIT BONUS PRIZE $600
   
   6th Position CREDIT BONUS PRIZE $400
   
   7th Position CREDIT BONUS PRIZE $400
   
   8th Position CREDIT BONUS PRIZE $300
   
   9th Position CREDIT BONUS PRIZE $300
   
   10th Position CREDIT BONUS PRIZE $250
   
   11th Position CREDIT BONUS PRIZE $250
   
   12th Position CREDIT BONUS PRIZE $250
   
   13th Position CREDIT BONUS PRIZE $150
   
   14th Position CREDIT BONUS PRIZE $150
   
   15th Position CREDIT BONUS PRIZE $150


7. For the award prize to be added into the winner’s trading account, the winner will have to:
   
   a. provide the required documentation (i.e. proof of identification and address) to Forexbrokerinc; the details provided during the registration in the Freeroll Forex Tournament have to be the same with the details in the documentation provided;
   
   b. his real account application has successfully been verified by Forexbrokerinc.
   
   c. provide the login and password that was initially sent by Forexbrokerinc to the contest participant when he/she registers for the Freeroll Forex Tournament account by sending such details to Forexbrokerinc at marketing@forexbrokerinc.com;


8. The participant acknowledges and authorizes Forexbrokerinc to announce the daily results of the Freeroll Forex Tournament Contest at its website, including each participant’s name.


9. By winning Freeroll Forex Tournament prize, the winners accept that will participate in various promotional events that will be publicly announced in various websites, including the Forexbrokerinc website. Promotional events, including, but not limited to, listing announcement of their full names, prizes received, etc.