Hunt for Deposit (Real) is a monthly Forex trading contest from ForexHunt on real dollar accounts. In addition to the prize money you also get a zero-risk deposit, which is replenished to the initial level every 2 months during 1 year, in case the balance falls below the prize amount.
The participation conditions are rather simple. A separate account of $500 should be used. Leverage is set to 1:200. All other conditions are the same as with the usual trading accounts at ForexHunt. The winners are declared by determining the highest balance at the end of the contest. There are 20 prize places and one consolation prize for the account with minimum funds at the end of the contest:
- 1st place — $1,000 of a zero-risk deposit.
- 2nd place — $500 of a zero-risk deposit.
- 3rd place — $250 of a zero-risk deposit.
- 4th-10th places — $150 of a zero-risk deposit.
- 11th-20th places — $100 of a zero-risk deposit.
- Consolation prize — $250 of a zero-risk deposit.
The prize money will be transferred to a special zero-risk account. During 1 year the account will be replenished if the balance falls below the initial prize amount. It will happen every 2 months.
You decide to participate in the Hunt for Deposit contest and open a real dollar account, depositing exactly $500 into it. When the contest begins you trade and earn profit. At the end of the month you earn $1,570.20 profit, which results in a total balance of $2,070.20, which qualifies you for the 4th place. Your prize is $150 and a special zero-risk account, which is replenished to the initial balance every two months if you produce a loss during your Forex trading. Now you have a real trading account with $150 in it. By the end of the next 2 months the balance on this account falls to $78.13 due to losses. After 2 months since the winning passes it's replenished by $71.87 up to initial $150. During the next 2 months you again produce losses and the balance falls to zero. At the end of those two months, your account is replenished to $150. During the next 8 months you trade successfully and the year ends with $560.40 balance. Since it's no longer a zero-risk account you decide to withdraw your funds.
All orders and positions should be canceled and closed before the contest ends. Otherwise the trader is disqualified.
If you make a withdrawal from a your prize zero-risk account, it will loose its right to be replenished every 2 months.
After the contest is over you can continue using your participating account as usual and you automatically qualify for the Marathon drawing.
