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Royal Tournament
Broker: IncoNeon      Other IncoNeon bonuses (4)      Duration: Every month      Status: Active      Type: Real Contests
About

This is a monthly tournament for the real Forex accounts from IncoNeon with a prize found of $15,000. You need to have at least $500 in your real account to participate. The tournament lasts one full month and at the end the traders with the highest percentage of profit are determined. 1st place is awarded with $8,000, 2nd is awarded with $4,000 and the 3rd one is awarded with $2,000, 4th place gets $1,000 and the 5th place receives a consolation prize of $100. The prize money can be freely withdrawn. You can deposit money during the course of the contest to receive additional bonus of 30% on deposit in case of making it to top 3. You also get $10 per traded standard lot in case of becoming a prize winner. Both additional bonuses are limited with $1,000 each.

The participating trader that ends up with the worst percentage loss gets his starting equity reimbursed as a consolation prize.


Example

You open a real account with IncoNeon, register for the tournament and begin your trading at the 1st day of the month with $500 in your account. In the end of the month you finish with $1,130.50 in your balance or 125.1% profit. This qualifies you for the 2nd position (for example) and $4,000 prize. During the tournament you've traded a total volume of 12 standard lots, which qualifies you for additional $120 prize. In the end you can withdraw $5,250.50.


Special conditions

You can withdraw money from the contest account during the tournament, but if your balance falls below $500 because of withdrawal you will be disqualified.

Rating:
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Reviews
BonusInspector 2010-04-07 15:59:50
This is truly a Royal competition from the new Forex broker IncoNeon. Generous prizes $10,000 to $10,000 (!!!) and the ability to withdraw them without any limitations makes this one a real deal. I don't think such conditions will last for too long, but it's definitely a way to go for any Forex trader. As a minor disadvantage they have only 3 prize places, unlike usual 10. But that's still great.
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