Registration : 16 December 2019 – 16 February 2020
Contest dates : 26 December 2019 – 28 February 2020
Contest results : 5 March 2020
Number of prizes : 2,020
Prize fund : $100,000
1. Open contest Demo account.
2. Trade any day of the week (24/7).
3. Earn maximum profit.
4. Get up to $3,000 on trading account.
5. Withdraw profit without restrictions.
1. General rules
1.1) Participation in the Contest is free.
1.2) The Contest is open to all comers, regardless of nationality, sex, national origin. The Contest is not open to employees of the Company, as well as their family members and relatives.
1.3) Registration and holding of the contest, announcement of winners is conducted in accordance with the dates listed on the Contest webpage.
1.4) Contest is a competition of traders. Therefore, in particular, shall not be used automated strategies, not involving participation of a person (trader) for a decision on the basis of the current market conditions.
2.1) When register the Participant is obliged to provide the real personal data. All Participants agree to publish the first and the last name or a nickname and a country of residence on WELTRADE website.
2.2) Upon completion of registration a contest account will be opened (unique number and password are assigned). The data obtained are used to participate in the contest by trading with virtual funds on MetaTrader 5 terminal. The Participants need to download and install trading terminal on their computers in advance. The installation and configuration of the terminal is identical for contest, demo and live accounts. In case MetaTrader 5 terminal of other companies is used, it is necessary to specify WELTRADE trade server address mt5demo1.weltrade.com or mt5demo2.weltrade.com
2.3) The Participant undertakes not to open more than one contest account.
3. The prize fund
3.1) The prize fund of the contest is $100,000.
3.2) The prize fund is distributed by the Contest commission among the winners in accordance with the position occupied in the ranking of the Participants at the time of summing up their results. The rating is generated automatically in real time by comparing the values of the current balance of the Contest Participants.
3.3) The Participants who take places from 1 to 100 get prize funds on real Premium accounts, those who take places from 101 to 2,020 get prize funds on real Micro accounts according to the table:
3.4) The prize funds are bonus funds and can be used for trading. Prize funds can not be withdrawn. The profits from trading on prize funds is available for withdrawal.
3.5) Withdrawal of profits gained from trading using bonus funds is limited to $3,000 maximum.
3.6) When any amount is transferred or withdrawn from the account bonus will be canceled.
4. Trading conditions
4.1) Account type – Demo
4.2) Trading instruments – Forex, Metals, Oil, Cryptocurrencies
4.3) Starting balance – $10,000 for all Participants
4.4) Leverage – 1:100 (1:20 for cryptocurrencies)
4.5) Stop Out level – 10%
5. Conducting and judging of the Contest
5.1) The judge and commission of the competition is WELTRADE. The Commission’s decision shall be final and without appeal.
5.2) The Participant who violates this Rules shall be subject to disqualification from the contest. Disqualification from current contest does not preclude him from taking part in the next contest of traders.
5.3) All complaints, suggestions and questions arising from the Participants during the registration period, in the course of the contest, and in summing up their results, should be sent using the feedback form (the Support section) after authorization in the personal area of the website, obligatory addressing to the Contest commission.
5.4) All claims, questions and suggestions related to the competition brought by other means or sent to other departments of the company, will not be accepted.
5.5) Shall not be accepted claims from members:
– related to the inability to perform operations in contest account due to poor quality of communication on both sides, the Participant and one of the providers of WELTRADE.
– connected with quoting on trading platform, except the cases of obvious errors.
6. Additional terms
6.1) During the Contest the number of complete transactions undertaken by the Participant shall not be less than 5.
6.2) The terms of transactions fully comply with terms described in the Terms of transactions section of the Client Agreement.
6.3) At the end of the contest all opened positions will be closed forcibly and the current value of gains/losses on them will be reflected in the balance field.
6.4) Leverage can not be changed.
6.5) The Сontest commission reserves the right to disqualify the Participant if attempts to make profit using particularities of trading conditions and trading equipment are identified, multiple accounts or the management of several accounts is detected (for example, if 2 or more contest accounts work from one IP address).
6.6) The Participant shall verify profile in order to get prize funds. To do this it is necessary to provide documents that confirm identity and the place of residence of the Participant. The Company has the right to ask additional documents and photos (the picture of the Participant with the opened ID/passport and a piece of paper with the sign WELTRADE and the current date in hands), which confirm the person of the Participant is real, as well as to conduct video verification via Skype.
6.7) The Company has the right to suspend or terminate the contest in case of technical problems with providers, company service equipment, or because of the extreme circumstances that arise after the start of the contest, which the administration of the Company could neither foresee nor prevent with reasonable measures.
6.8) The Company reserves the right to amend these rules, as the Company will give advance notice to all contest Participants.