The HotForex 'Virtual to Real' Demo Contest - $3,500 Total

By HotForex

Jan 21, 2024 6917 0

Contest Period: Every month
Available to: All Traders of HotForex
To Participate: Open a Trading Account with the Company
Prizes: $3,500 Total

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What is 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 they allow clients to master their trading skills with no risk but also get real money prizes!

Trading Contest Details

Contest Period	From the 1 st day to the Last day of each month
Available to	Both New and Existing Clients
to Participate	Open a Demo Account
Prizes	3,500 USD in total

Prizes and Volume Requirements

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 HotForex 'Virtual to Real' Demo Contest - $3,500 Total

The prizes will be credited in a Live Trading Account providing that the wallet is fully approved by the Company.
Performance of the top 10 participants will be published on the Demo 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The prize funds cannot be withdrawn but any profits can be withdrawn as long as the winner(s) has completed at least 50 round turn trades and a total volume of 10 standard lots.

Examples of participant who is eligible to withdraw profits from prize:

Prize Awarded	Current Balance	Number of Trades	Total Volume (standard lots)	Amount Eligible to Withdraw
2000 USD	2500 USD	51	10.5	500 USD

Examples of participant who is not eligible to withdraw profits from prize:

Prize Awarded	Current Balance	Number of Trades	Total Volume (standard lots)	Amount Eligible to Withdraw
2000 USD	2500 USD	24	11	0

Withdrawal Information

Winners can submit only 1 (one) withdrawal request to claim their profits on the Live Account to which the Demo Contest Prize has been credited. Upon withdrawal of profits, the Prize amounts are deducted from the Live Accounts which are then archived.
All Demo Accounts are archived at the end of the trading period when the Demo Contest finishes upon a given month.
Clients wishing to rejoin the competition should open a new Demo Contest account in order to join the new round.

Registration and Trading Period

The Demo Contest registration and trading dates for each monthly contest are as follows:

Details	Starts on:	Ends on:
Registration and trading period	1^st day of the month, 00:01 server time	Last day of the month, 23:59, server time

How to join the Demo Trading Contest

1. Open a Demo account, click here

2. Trade and make profits as much as you can

3. Real Cash Money will be provided to the winners

Terms and Conditions

This is a monthly contest therefore the trading period lasts for 1 month, i.e. from the 1st day until the last day of the given month.
The Leverage is fixed at 1:200 and cannot be changed
Initial virtual deposit is 10,000 USD.
The Demo Contest can only be applied to 1 (one) account per Client.
The Demo Contest cannot be applied to 2 (two) or more contestants who have the same IP addresses.
No bonus is awarded on the prizes won.
At the expiration of the trading period in a given month, all previous Demo Contest accounts are deleted.
At the end of each month all the open trades will be closed before the final calculation.
At the expiration of the trading period in a given month, all open positions will be closed. The closing balance will be included in the gain formula.
The gain formula used to determine the top 3 winners for each trading period is used to determine the contest ranking system. The gain formula is: Gain = [(Ending Balance - Beginning Balance) / Beginning Balance] *100.
The gain formula used will mark any negative % as 0 on Demo Contest Account. Gain Formula Examples

Example A (Profit)

Beginning Balance: 10,000 USD
Ending balance: 50,000 USD

[(50,000 –10,000)/10,000] *100 = 400% gain.

Example B (Loss)

Beginning Balance: 10,000 USD
Ending balance: 4,000 USD

[(4,000 –10,000)/10,000] *100 =- 60% gain = 0% gain.

There is no monetary risk in participation; however, there are real cash prizes available to the top 3 winners.
Any kind of Prohibited Trading as per Clause 27.1. the Company’s Account Opening Agreement is not allowed.In case the trading account of the credited prizes remains inactive for a period of sixty (60) calendar days, the Company reserves the right to withdraw any profits and the prize funds the client was awarded through the Demo Contest.