TRADING CONTEST

1. Any person over 18 years of age may take part in the Contest, irrespective of citizenship, gender, occupation, whether or not they are owners of a real account, whether or not they have participated in previous Contests and regardless of the results shown.
2. Participation in the Contest is free of charge.
3. To participate in the Contest, it is required to Register, whereby the login and password for accessing your Contest trading account will be sent to your e-mail address. Information provided by Contest Participants must be accurate. Alternatively, the Participant may be denied their prize.
4. By registering in the Contest, a Participant expresses his/her full consent with the present Rules.
5. Information about the date and time when this Contest will be held and about its duration period is announced additionally on the site Company's news.
6. All earlier opened positions should be closed by the end of the Contest. All accounts with opened positions after the Contest had been completed will be disqualified and excluded from the Rating of Contest participants.
7. Operations on Contest trading accounts will be conducted in accord with the terms granted to Business account owners, with the exception of the restraints defined in clause 8 of the present Rules.
8. All Participants’ operations are carried out with “virtual money” only.
9. During the Contest, Participants may run operations using all available financial instruments. A full list of available financial instruments can be found on the Contracts specification page.
10. There is no limit as for the number of simultaneously opened positions and/or amount of the operations.
11. To operate the account, all the Contestants use the MetaTrader 4 - Forex Ltd trading system.
12. Any depositing and withdrawing of funds from the Contest accounts is forbidden.
13. The starting balance of all Contest accounts by the beginning of the contest is 2 000 virtual dollars.
14. Rating of the Contest participants is dynamically updated during the course of the Contest. Places in the Rating are distributed among all participants and are directly dependent on the contest account balance.
15. During Rating places distribution the following principle is used: the participant with the biggest balance amount among all other contestants takes the first place in the Rating; the participant with the smallest balance amount among all other contestants takes the last place in the Rating; other places in the Rating are distributed according to the above principle.
16. The prize fund is shared between the three first places of the Contest by the moment of final summing-up.
17. The special prize is granted to the participant with account balance of 20080 USD at the closing contest time.
18. In case several participants have 20080 USD balance in their accounts at the closing contest time, the winner will become the participant who makes the least trading operations during the whole Contest.
19. In case the special prize winner takes the prize place in the Contest (see cl. 21) he or she is granted both prizes.
20. Contest results and the history of the winners’ trading operations will be published on the Company's web site within two working days after the Contest had closed.
21. The Contest winner (a participant taking the first place in the Rating by results of the Contest) will receive a Business account for the amount of 2008 USD. Second place winner will receive a Business account for 2008 NZD (in USD equivalent at the contest closing time rate). Third place winner will receive a Business account for 2008 SEK (in USD equivalent at the contest closing time rate). The participant applicable for the special prize will be awarded with a valuable Christmas present.
22. Prize account owners may withdraw only the profit received from completed operations. The Company, at its own discretion, may introduce additional prizes to the prize fund.
23. To receive a winning account, Contest winners must contact the Company in the duration of 10 working days after publication of a winners list.
24. The Participant pledges not to make any financial or any other claims to the Company, related to their participation in the Contest.
25. All Participants agree to have their pseudonyms published, as well as the names of their city and country of residence, and a trading operations history run on the trading Contest account. The Contest Participant preliminarily agrees to publication of their true e-mail address and their first name.
26. All Contestants are obliged not to use joint trading tactics and not to pass their accounts to other persons.
27. FOREX LTD reserves the right to reject a registration or disqualify a Contestant without any comments.
28. Any participant can use only one Contest account during the entire Contest. In case of activity on a number of registered Contest accounts, the participant will be automatically disqualified.
29. FOREX LTD is the sole Contest judge. All decisions made by the Company related to conduction or registration in the Contest are full and final and are not subject to appeals.

Registration