Dukascopy Trader Contest
Dukascopy is hosting a Monthly Demo Contest – Trader Contest - starting on the first day of each month with the total prize pool of $28000. The contest will have 30 winners who will share the cash prizes in descending order. The traders can register for the competition beginning on 25th of the previous month up to the 25th of that month’s contest period. The traders are required to open a demo account, use the info sent to them via email and download the contest platform for participation. The traders should acquire the highest profit level (with the max $100000 loss limit) and encourage other contestants to use their trading strategies by displaying their aptitude. The contenders should be coherent in their trading results and account for every trading decision for the sake of other traders. The traders will be provided with $100000 initial deposit for every contest period. The traders are not allowed to use leverage, EAs, or engage in scalping. The Java, Android, and IOS (iPhone, iPad, and iPod) platforms are available for this contest. The min and max order sizes are 100,000 and 5,000,000 currency units, one of the criteria based on which the traders are determined. No more than 5 trading instruments shall be used at once; one open trading position is allowed for each. The maximum open trading positions shall not surpass 10 and all the positions, both open and closed, should have ‘Take-Profit’ and ‘Stop-Loss’ specified to them – the levels should be less than 2% for EUR/USD and for other instruments according to Pip Conversion Schedule. The ultimate calculation of participants’ overall score will be based on their trading performance, copied volume by the signal subscribers, the condition of trader’s blog and quality of orders. Five top traders of the Trader Contest (in at least 6 months of trading contest) will also participate in the Signal Grand Prix to win extra awards (for more info, please read the T&C in full). The traders who manage to hold the best position (the highest equity and lowest drawdown) for 12 consecutive months will be named the best trader and receive $2000. The winners are to open a live sub-account with the Dukascopy to receive their prizes. The traders can withdraw the prizes after completing the required trading volume.
1st place $6000, 2nd place $3500, 3rd place $2500, 4th place $2000, 5th- 6th places $1500, 7th- 10th places $1000, 11th – 20th places $500, 21st – 30th places $200