Hello and welcome to the 13th demo trading contest of 2023 sponsored by IC Markets: GOLDCHALLENGE
Before joining, please read the contest rules.
Contest starts : May 8th - Ends: May 12th Contest duration : 1 week Contest broker : IC Markets Contest server : ICMarketsSC-Demo01 Starting equity : $100 Max leverage : 500:1 Peak to valley max DD : 25% Max trades : 60 EA trading : EAs ALLOWED Instruments : XAU/USD ONLY - trades on other symbols (EUR/USD, US30, BTC/USD, etc), will not count toward your performance. Cash prizes : 6: $500 - $250 - $100 - $80 - $50 - $20
Please visit our FAQs page to find the answers to:
Hello Apinjiu, feel free to initiate a live chat with us and let us know what confuses you about this sentence. We will be happy to help. Here is the link to our Live chat: https://www.cashbackforex.com/support?tab=contact-us#chat
Hi guys, yes that’s correct.
Depending on the contest specs, there’s a max trades limit (could be 60, 120, etc).
This is to make sure every trader has the same conditions - even if EAs are allowed, the max number of trades evens the playground.
Like @mulani1961 said, after reaching the limit (60 trades for example) the 61st, 62nd, 63rd, etc trades will not count for the account performance.
I know!!! Still, it was a good experiment, no?
Starting this contest with only $100 and 500:1 leverage - it’s a bit like the real world, under-capitalised account and big leverage, lol.
And like you said, the forex industry is cruel, very cruel, especially for those who don’t have a good MM plan (or are very greedy, hahahaha)!
I can reply to your question, by DM, if you prefer.
But just to make things clear, each round/contest is separated from previous rounds/contests. Winners can win more than once, and traders DQ in one round can participate in the following rounds (and even win a prize).
Our Contest 57 (Gold challenge) ended and we are now confirming the results.
Please make sure to add and confirm a valid payment method to your profile so we can pay you the prize (if you are a winner) without delays.
And if you don’t know how to do it, there’s a simple guide here.
You can choose from several e-wallets and the top cryptos.