Hunt for Profit (Mini) is a biweekly Forex trading contest from ForexHunt on real cent accounts. It's similar to their Hunt for Profit (Real) with the main difference is that it's held among the cent accounts, the prizes are ten times lower and the duration is 2 weeks instead of a month. The special advantage of this contest is that in addition to the prize funds you also get a special account that receives a percentage bonus on your profit earned with this account during a month. This profit bonus is monthly and will last for one year.
The participation conditions are rather simple. A separate account of $50 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 — $100 balance on account with 20% bonus on monthly profit.
- 2nd place — $50 balance on account with 15% bonus on monthly profit.
- 3rd place — $25 balance on account with 10% bonus on monthly profit.
- 4th-10th places — $15 balance on account with 8% bonus on monthly profit.
- 11th-20th places — $10 balance on account with 5% bonus on monthly profit.
- Consolation prize — $25 balance on account with 5% bonus on monthly profit.
You decide to participate in the Hunt for Profit contest and open a real cent account with ForexHunt, depositing exactly $50 into it. When the contest begins you trade and earn profit. At the end of two weeks (the duration of the contest) you earn $480.61 profit, which results in a total balance of $530.61, which qualifies you for the 1st place. Your prize is $100 and a special account, which receives a monthly bonus of 20% on gained profit. After the contest you continue trading on that account and during first month you receive only $10.60 profit, which is complimented by 20% or $2.20. During the second month you earn $38.12, which is complemented by $7.62. During the third month you gain a profit of $120.30, which earns you additional bonus of $24.06. You decide to withdraw all your money from this account, which is $302.90. From that moment this account looses its special property.
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 profit-bonus account, it will loose its right to receive monthly bonus on profit.
