Forex contest on demo accounts: BEST OF THE BEST LiteForex

Published: 13.03.2022

Prize fund: $10 000

First Place Prize: $4 000

Prizes: 5

Task:

to conduct profitable trading on an ECN demo account using currency pairs, using any available trading tools in LiteForex.

Winners:

five participants who will show the most profitable trading in compliance with money management and with the lowest risk indicators during the competition will be declared winners.

Prizes:

1st place - $4000
2nd place - $2500
3rd place - $1500
4th place - $1000
5th place - $1000

Conditions

Trading conditions

  • The account type is DEMO ECN.
  • The initial deposit is 5000 for all participants.
  • The shoulder is 1:400.
  • Risk Stop Out: the maximum allowable drawdown on a floating loss on a competitive account relative to the current balance is 25%. Accordingly, as soon as floating losses exceed this indicator, a Stop Out situation will occur and all open positions will be closed. A participant who has allowed a Risk Stop Out situation on the account will be removed from the competition.
  • Trading instruments – any provided in LiteForex.
  • The participant can use any Expert Advisors and trading strategies that do not contradict the terms of the "Client Agreement".
  • All transactions must be closed before the end of the competition. Transactions remaining open at the end of the competition will be automatically closed at current market prices. The presence of open transactions at the end of the competition is not a reason for disqualification of the participant.

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