FW Markets Champion DEMO Contest
Contest rules and regulations
The contest name is FW markets Champion, hereinafter referred to as the Contest
The Contest is organized and run by FW Markets Incorporated, hereinafter referred to as the Company
The Contest duration is 1 month from the start date to the finish date.
Registration for the Contest is announced prior to its start. During the registration period anyone can register for the Contest.
- 1st prize gets 500 USD
- 2nd prize gets 300 USD
- 3rd prize gets 100 USD
- The last place gets another 100 USD
Only persons of legal age are able to take part in the Contest
Each participant must register a new demo account for each Contest round
Each participant agrees to provide real data during the registration. Providing fake data may result in disqualification from the Contest
ANY KIND of IP match will be subject to disqualification.
Any kind of arbitrage trading or any other abuse with pricing and/or quotes will be subject to disqualification from the Contest.
The Company reserves the right to reject or disqualify any participant without explaining the reason. Reasons for disqualification may include opening big volume opposite orders with the same currency pairs in different trading accounts at approximately the same time, as well as the usage of failures in the quote flow for getting guaranteed profit, or any other kinds of cheating.
Each contest account has the same trading conditions, that is:
- Account type – similar to Forex Wings account
- Trading tools – similar to Forex Wings account
- Initial deposit – 1,000 USD
- Leverage: 1:500
- Minimum volume – 0.1 lot, maximum volume is not limited
All trading techniques or EAs are allowed
All the current contest stats are available at FW markets website
On the contest finish date all the open orders will be automatically closed at the current market rate
The participant with the highest balance wins the contest
Winners agree to publication of their names in the Company news
Each contestant agrees that some of his/her registration data (including but not limited to country of residence) will be published at www.forexwings.com
The prize is paid into the client's real account at FW markets and can be withdrawn
In case two or more contest winners have equal balances in the end of the contest, they will share the prize equally
A participant can win (first, second or third prize) only once. If he/she wins again, only 10% of the prize will be paid
In case the prize funds are used for real trading, the withdrawal limit is 300% of the prize funds (including both the prize funds and profit).
The Company reserves the right to declare any prize already given invalid and subject to cancellation upon direct or indirect evidence of attempted fraudulent operations with the prize funds.