Since March 2010 every month Nord FX holds a two-week "DemoCup" contest. Every month's draw is $3 000. The annual prize fund is $46 000. Anyone may take part in the contest and participation is absolutely free.
Only practice (demo) accounts may participate in the contest, however all the awards are real. The names of top 10 will be announced in the monthly phase of the contest, names of those who can prove profitability of their trade strategies, those who starting trade using the demo account with virtual $10 000 and who have the largest deposit after two weeks period.
Terms are the same for all participants – both for beginners and experienced traders.
The final stage of the contest ("DemoGoldCup") will be held among the winners of 1st, 2nd, 3rd, 4th and 5th places on the basis of the monthly phases. "DemoGoldCup" draw is $10,000.
Prizes for the monthly phases of the contest are as follows:
- 1st place — $1,000;
- 2nd place — $700;
- 3rd place — $500;
- 4th place — $200;
- 5th place — $100;
- 6th place — $100;
- 7th place — $100;
- 8th place — $100;
- 9th place — $100;
- 10th place — $100;
If you wish to participate in DemoCup contest you will need to open a special demo account. All transactions on this demo account can be made only while contest period. Then you should connect your contest account to monitoring service so that everyone could check statements, transactions and results at any moment. Names of top-10 participants will be announced each monthly phase. Top-10 will contain names of those traders who started trading using the demo account with virtual $10 000 and who have the largest deposits after two weeks period. All prizes will be paid to real trading accounts of the winners. Funds on them can be withdrawn or used for trading in NordFX Company.
- Each participant has the right to register only one account.
- The initial deposit for participation is $ 10,000.
- Leverage is 1:100.
- It is not allowed to make any transactions before the beginning or after the end of the contest.
- Each participant has to close all opened positions and delete all pending orders by the end of the contest.
- At the end of the next phase of the contest the account becomes closed but remains available for public inspection.
- It is not allowed to work from the same IP address on different accounts participating in the contest.
- For each occurrence of the same IP addresses for different accounts these accounts will be disqualified banned; it is not allowed to work via proxy server or with the help of the programs changing real IP address.