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Excellmarkets: August Demo Contest
We are happy to announce that Excellmarkets is holding a contest with 2500 USD cash prize in August. This contest belongs to demo accounts and registration ends in August 15th. The contest will end in 29 August 2014.
The prizes are as follows:
- 1st 1000 USD
- 2nd 500 USD
- 3rd 200 USD
- 4th 150 USD
- 5th 100 USD
Below you can see some of the contest rules:
- Winning Criteria: Ratio of Gain to Drawdown. The formula is weighted in favour of Drawdown over Gain by 5:1.
- At contest end, only accounts that have a Return of at least 2.5% will be considered for a top 10 prize. Any accounts in the top 10 positions at contest end that do not qualify this rule will be demoted to a position outside of the top 10 winning rankings.
- Participants who meet or exceed 90% equity drawdown will be disqualified. A lower drawdown will result in a better contest placement because placement is based on the ratio of Gain to Drawdown(x5). Drawdown is calculated based on peak to valley equity, thus new account highs will impact drawdown tolerance.
- Leverage on all accounts will be set to 1:100 for the duration of the contest with margin stop outs set to 100% of required margin.
- Your opening simulated balance is $10000.