Leverage on all accounts will be set to 500:1 for the duration of the contest with margin calls set to 50% of required margin and stop outs at 30%
Your opening simulated balance is $10,000 USD.
One entry per household and IP address. You may trade from various IP addresses; however, if multiple accounts are traded from the same IP address, those accounts will be disqualified. We track and enforce this very strictly utilizing multiple tracking methods. We regret that only one person per residence can participate, ensuring that people do not use many different contest accounts.
Contest Ineligibility: Residents of the United States, Australia, Iran, Syria, North Korea, Myanmar, Algeria, and Ecuador may participate but the prize cannot be claimed as an account needs to be opened in order to claim the prize. In the event that a resident/citizen of one of these countries wins, the prize will be transferred to the next (eligible) contestant with the highest ending balance.
General Contest Rules and Information
Please do not update your passwords on MT4 Terminal as this will cause connection issues between CashBack Forex and the broker and we will no longer be able to retrieve your trading information.
On the Metatrader client terminal, you will login to the server 'FXPRIMUS-Practice'.
Trading on trading platform is disabled until the contest begins. If you are logged into platform when we enable trading, you will need to logout and then login again to be able to trade.
There is a countdown timer to the start of the contest and the end of the contest on the Contest Rankings page. (Note: If you set your timezone in your profile preferences, all times displayed on the site will be relevant to your timezone)
The top 10 traders will receive prizes that are paid into the client’s FX Primus Trading Account in USD: 1st Place $1,200, 2nd Place $600, 3rd Place $300, 4th/5th Place $200, 6th – 10th $100. The competitors with the highest Equity Gain at the end of the contest win. You must have a Live FXPRIMUS Account to claim your Prize. Note: There is no restriction on the amount you may withdraw. Click to open a NEW live account so that prize funds can be credited to your new live account.
Terms and rules may change at any time. The contest host - CashBack Forex, the contest sponsor - FXPRIMUS, and any other party involved in the running of the forex trading contest will not be liable to any other party for any consequential, indirect, special, incidental, punitive damages, or any damages or compensation of any kind
Any participant intentionally hitting the demo price feed off market will be disqualified. Because some forms of moderation are very labor intensive, we may only review the trading activity of winners at the end of the contest thus it is possible to make it to the end as a winner and be disqualified for cheating after the contest ends. If we cannot be reasonably sure gains are not largely due to the low slippage of a demo account the account is likely to be disqualified, therefore accounts with many trades open for a very short period (1-2 minutes) will likely be disqualified. Taking advantage of the inherent vulnerability of a demo feed in regards to latency arbitrage and lack of slippage is prohibited and those who do so will be disqualified. More here Demo Price v Live Price
Connecting and registering through public-facing servers (Web servers, VPS etc.) may result in disqualification. We realize this may disrupt some users who use a VPS for trading however at times this could be necessary for the protection of the integrity of the CashBack Forex contest, and giving everyone a chance at winning.
At contest end, open positions will be marked to market in order to calculate final metrics and placement.
We reserve the right to disqualify any participant at our sole discretion.
It is the winner’s responsibility to provide us with payment information. Prizes not claimed within 30 days of contest end will be cancelled.
All CashBack Forex performance tracking on contest accounts will be automatically suspended after the contest is completed.
At the end of the contest please allow up to 5 business days for us to declare winners. We will investigate trading activity of the contestants to ensure no violations of the contest rules occurred. Disqualifications will be made as necessary and a message will be posted indicating that winners are officially declared and all contest winners in the rankings grid will inherit a green background to identify them as official winners.
Some of our support staff may take part in the contest. These staff are participating only for fun and if they end up in the top 10 they will be disqualified as they are not allowed to win the contest.