FXOpen starts "Money Managers" contest on real PAMM accounts with $10,000 prize fund
FXOpen broker is inviting traders to take part in "Money Managers", a competition on real PAMM accounts, offering $10,000 in prizes. The competition starts on 30th September and registration is open untill 1st November.
Conditions of the contest
- Dates: September 30 - December 27, 2019;
- Registration open now until 1st November 2019;
- Prize fund: USD 10,000;
- 1st place - USD 5,000;
- 2nd place - USD 3,000;
- 3rd place - USD 2,000.
- Initial deposit: any amount, but not less than the minimum amount for opening a PAMM account (from USD 1,000 for PAMM ECN, from USD 200 for PAMM STP);
- Minimum trading period: not less than 2 months;
- Minimum number of trades per week: 2;
- Trading volume: not less than 0.5 lot per stage;
- Profit at the end of the contest: at least 20% of the deposit;
- Drawdown during the contest must not exceed 20%**, and short-term drawdown of 25% and more, even if it was not recorded at a rollover will be considered as a loss and a cause for withdrawing the prize.
Note! The winners of previous contests on real PAMM accounts who have made a drawdown of more than 30% are not allowed to participate in the competition.
During the contest participants are allowed add or withdraw money from their accounts, receive investments to their PAMM accounts, create offers, use all instruments of a PAMM system without restrictions, use any trading strategies, advisors (AEA, MEA, etc.) and any other standard MT4 add-ons and scripts.
It is prohibited to hide statistics of your PAMM account, such as equity, drawdown, exposure level, completed trades. This data must be available for viewing at all times.
The ratings will be published in the contest thread weekly. You can watch the activity of each account online by clicking the links. All statistics will be taken from PAMM Account Rating.
* The prize will be added to an investment account according to 50/50 offer (50% of the profit goes to the manager, 50% - to the investor (company)).
** The company withdraws the funds in case the drawdown exceeds 20%.
How to join the contest?
- If you don't already have a PAMM account you need to open one:
- Register your account with FXOpen (if you already have a PAMM account, which had the drawdown less than 20%, go to the 2nd step);
- Verify your main account;
- Open an investment account and add funds to it with any payment system in your FXOpen account;
- Open a PAMM ECN or PAMM STP account.
- Leave a link to your PAMM account in this forum thread (you can also leave a link to your existing PAMM account with the drawdown less than 20%).