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CommexFX: Cash Prize Demo Contest

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We are glad to announce you that CommexFX is running a compettion on ForexRazor. The contest will be started in Mon, 1 Sep 2014 and will end in End: Mon, 29 Sep 2014. This contest is for Demo accounts and with the first prize of 1200 USD.

CommexFX Cash Prize Demo Contest – USD3,500

Some of the relevant terms and conditions are as follow:

  1. Winning Criteria: Maximum Equity % Return
  2. Participants who meet or exceed 75% equity drawdown will be disqualified. Drawdown is calculated based on peak to valley equity, thus new account highs will impact drawdown tolerance. (Understanding Drawdown)
  3. Leverage on all accounts will be set to 1:200 for the duration of the contest with margin stop outs set to our MT4 – 90% and 95% (we start closing the most unprofitable trades at 10% remaining available margin and all of them are closed at 5% remaining available margin).
  4. A minimum of 10 trades to be opened during the contest.

Read more @ http://www.forexrazor.com/en-us/trading-contests/ContestRules

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