Rules for FP Markets Trading
Competition

Rules for FP Markets Trading Competition

• FP Markets promotes its “Trading Competition” (“Competition”).
• Registration Period:
• Round 1: 1st - 31st Oct 2023 EOD (GMT +3).
• Round 2: 1st - 30th Nov 2023 EOD (GMT +2).
• Round 3: 1st - 31st Dec 2023 EOD (GMT +2).
• Competition Period:
• Round 1: 1st - 31st Oct 2023 EOD (GMT +3).
• Round 2: 1st - 30th Nov 2023 EOD (GMT +2).
• Round 3: 1st - 31st Dec 2023 EOD (GMT +2).
• The Competition is available to new clients who open a new trading account or existing clients who register for an additional trading account.
• Clients registered under our CySEC and Australian regulated entities will not be allowed to participate.
• Competition is valid only for lots traded under live MT4 accounts.
• Application Form for participating in the Competition should be submitted by the clients providing the details requested and clients’ eligibility will be notified via email within one business day upon submission of the form.
• Clients must have made a minimum one-time deposit of US$ 500 during the Round 1 Competition Period to be eligible for the Round 1 Competition.
• Clients must have made a minimum one-time deposit of US$ 800 during the Round 2 Competition Period to be eligible for the Round 2 Competition. The top 10 in the ranking table of Round 1 is exceptional, their ranking and balance will be moved to Round 2 if they wished to join Round 2.
• Clients must have made a minimum one-time deposit of US$ 1,000 during the Round 3 Competition Period to be eligible for the Round 3 Competition. The top 5 in the ranking table of Round 2 is exceptional, their ranking and balance will be moved to Round 2 if they wished to join Round 3.
• The initial deposit is captured at the time of entry of the eligible clients’ details by FP Markets.
• Internal Money Transfers (ITRs) between the Clients’ trading accounts with FP Markets are NOT accepted as part and/or all of the minimum deposit required for the Competition.
• Contest winners will be based on the highest percentage yield return at the end of the contest, open positions will not be considered to the final tally.
• Calculation of Yield = (Equity – Initial deposit – Accumulated deposits - ITRs) / (Initial deposit + Accumulated deposits + ITRs) *100%
• Equity = Initial deposit + Accumulated deposits + ITRs + Profits – Withdrawals
• Example: On 1st Oct 2023 at 00:00:00 (GMT+3), The initial deposit is US$8,000, the accumulated deposits are US$6,000, the ITRs is US$2,000 and at the end of contest, the profit is US$5,000, the withdrawal is US$1,000
• Equity = 8,000 + 6,000 + 2,000 + 5,000 – 1,000 = 20,000
• Yield = (20,000 – 8,000 – 6,000 – 2,000) / (8,000 + 6,000 + 2,000) *100% = 25%
• During the competition, only one contest account is allowed per client. If your equity is lower than US$50 and your account is SO, and you wish to compete again, you can continue to open an additional trading account to participate in the Competition.
• Deposits, withdrawals, and internal money transfers (ITRs) between Clients’ trading accounts with FP Markets are allowed during the competition. When calculating the yield/ return rate, the accumulated deposits and ITRs amount is the maximum value of the principal. For example, a client deposits $10,000 and withdraws $1,000. The calculation of yield should be based on the principle of $10,000.
• The top 10 traders with the highest % of profit at the end of Round 1 will win a withdrawable cash reward of US$500. The top 5 traders with the highest % of profit at the end of Round 2 will win a withdrawable cash reward of US$1,000. The top 3 traders with the highest % of profit at the end of Round 3 will win a withdrawable cash reward of US$5,888, US$3,888, and US$1,888 respectively.
• The result of each competition will be announced in 7 business days upon the end of each round.
• The cash reward will be transferred to the winners’ MT4 trading account with FP Markets in 30 business days upon the end of each round.
• EA and Scalp trading is generally accepted (Refer to abusive trading policy for further clarification).
• Hyperactive accounts that disrupt the server will not be allowed.
• FP Markets reserves the right to disqualify anyone that engages in misconduct and abusive trading practices.
• Abusive Trading shall mean the following actions, but not limited to, pip-hunting, scalping, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Trading Platform, a combination of faster/slower feeds, use of any robots, spiders or other automated data entry system with the Trading Platform (unless the Client receives express written consent by the Company prior to activating the robot), violation of the Client’s obligations under paragraph 2 of the Appendix.
• FP Markets reserves the right to change, suspend or terminate this promotion at any time without prior notice.
• In case of any disputes, FP Markets reserves the right of final decision on the eligibility and/or ranking of any participant.