Dukascopy Community invites Forex traders to take part in a competition on demo accounts. No investments are required. At the same time, the winners will receive large cash prizes. As explained organizer of the contest, the main goal for them is to support the most talented members of the Forex market, awarding for professionalism and ability to make a deal with currencies.
Check out the concept of social commerce
The concept of "social commerce" in the Forex market Dukascopy Community introduced for the first time. It helps beginners and not very experienced traders to achieve great results in their business.
Therefore, you need to open a special demo account and within a month make a subscription for at least ten providers of trading signals. The meaning of the competition is to identify the most effective manager, working within the Dukascopy Community. Perhaps due to signals, someone earns on his demo account 100.000 dollars, but if such participant has signed, for example, only for 8 suppliers instead of 10, the result will be reduced to 90 thousand USD, as Dukascopy fined him to 5% for each missing signal provider.
To participate in the contest, you must complete a simple registration procedure. Recall that there are age limits - you must be at least 18 years old. Register to participate in each stage you can from the 1st to the 25th of the current month. It is necessary to provide only truthful information about yourself, if you really want to win prizes.
Initial deposit contest account is 100 thousand US dollars - of course, virtual rather than real. Organizers do not prohibit trade in manual mode. Nevertheless, since the main objective is to determine the quality of automated trading, into account will be taken only those transactions that were open on signals providers of subscribed member.
The total prize through this competition for the year is 24 thousand US dollars. Winnings are distributed among the Top 10 participants per month and credited to their Dukascopy live trading accounts:
- First Place - $ 500;
- Second place - $ 400;
- Third place - $ 300;
- Fourth place - $ 200;
- From the fifth to tenth place - $ 100.
Prize money are available for trading immediately after admission to a real account. The derivation of these funds allowed after every 100 dollars deal with a total turnover of 1.5 million dollars. With a given leverage the problem looks quite real. In addition, you will add to the winning your own capital and earned profit.
Competition for independent traders
Dukascopy Community also holds monthly competitions among traders who do not use automated trading technology. To participate in the competition one must register with a demo account in which there will be certain trade restrictions. In particular, the size of the deposit is 100 thousand virtual dollars, trading is permitted on Java platforms, Android and IOS, the amount of each order must be between 100 thousand up to 5 million units of the base currency.
According to the organizers of the contest, all limits are designed to give more excitement to insure members against unfair behavior of competitors.
In addition, participants are expected to record their trading activity, the motives of transactions, trading plans and so on, that will be published in a special trader’s blog. The quality of these notes will also get extra points, which can significantly affect your place in the ranking.
The total prize fund is 16 thousand dollars, which are distributed among the best 20 participants each month. In particular:
- The winner is awarded the title "Trader of the Month" and a prize of $ 5,000;
- Prizes for second and third places - per $ 2,500;
- Applicants who have taken 4 to 6 shall receive $ 1,000;
- From 7 to 10 - $ 500;
- From 11 to 20 - 100 dollars.
Prize money, as in the previous contest, credited to real trading accounts. They are available for withdrawal after every 100 dollars deal with the turnover volume of 1.5 million dollars.
Registration for participation in this competition begins with the 25th day of the month preceding the current, and ends the 25th of the current month. In order to take part in the competition, you must also be at least 18 years old. In addition, you must specify true information about yourself.
Among the winners can enter only those traders balance demo account which by the end of the competition turned out to be more than 100 thousand dollars. Blog posts trader must consist of more than 50 words, but you can write in any language.
The jury take into account several criteria:
- For better profitability can get up to 200 points;
- For opening / closing of positions with conditional orders - up to 50 points;
- For popularity among DEMO / LIVE trading signals copiers - up to 15 and 10 points, respectively;
- For quality trader blogging - up to 31 points.
By participating in the “Competition of traders”, you automatically take part in the long contest “Grand Prix signal suppliers”. The prize fund of $ 11.5 thousand is distributed on a quarterly basis between 6 winners.
In the near future Dukascopy Bank will increase all the prizes for four.
Dukascopy Community invites Forex traders to take part in competitions using their chance for success in currency trading.
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