The Forex and CFD broker FXTM (regulated by CySEC) is organizing a trading contest for real accounts, which will be developed throughout 2017 and has a total prize pool of USD 400000. This competition, called FX Circuits, consists of 8 individual rounds or circuits that will take place during this Formula 1 season, and in each round, the winners can obtain important prizes in cash.
-Competition period: Each round has a duration of 5 days and corresponds to the 8 circuits of the Formula 1 season. For example, the first round will be held from May 22 to May 26 and the registration period for this circuit is from May 1 to May 26 May of 2017.
Rules and conditions of this competition
- It is a trading competition for all ForexTime broker clients, who have a real account with the company.
- The minimum deposit to participate in the tournament is $500.
- The competition is applicable for the following account types only: MT4 Standard, Cent, MT4 ECN (excluding PAMM Program), ECN Zero, Strategy Account and FXTM Pro.
- During each round, the participant can trade with the following instruments: Forex, precious metals, all CFDs (excluding CFD on shares) and Spot CFD.
- Each trader can participate in the competition with only one account.
- Once the competition period begins, participants can trade using the trading strategies they want. The winners will be determined according to the performance obtained during the competition in terms of percentage, based on the Profit Calculation Formula shown below:
- Percent Benefit = [Total Profit/(Initial Equity + Deposits)] * 100
- During the competition period, FXTM will maintain on its website a daily updated list with the participants that are located in the first places, along with their percentage of benefits.
The winners of each round can receive two types of prizes:
- All winners can claim a 50% discount on no more than 2 grandstand tickets for each F1 race in the 2017 season, as long as they buy tickets at least 6 weeks before the race of their choice, through the Company make the purchase for them, depending on the availability of tickets at the time of booking.
- Cash prizes shown in the following table:
|Total prize fund||50000|
- The cash prizes shown in the table above will be credited to the accounts of the winners in the form of Credit, which will initially be available only for trading purposes.
- Upon completion of the minimum lot amount, calculated according to the following formula, the available funds will be transferred to the account balance of the winning traders and will also be available for withdrawal.
– Minimum number of lots = Prize/100
How to register in FXTM FX Circuits?
The procedure to register for this contest is as follows:
- Open an account with FXTM (new clients) or log into the MyFXTM account (existing clients).
- Accept the “Terms and Conditions” of the competition in each round.
- Deposit at least 500 USD (or its equivalent in other currencies) into the real trading account.
- Trade trying to get the highest possible return on each round.
If you are interested in obtaining more information and registering in this trading competition, you can access the Forextime website by clicking on the following link: