Alpari Formula FX
Alpari continues to offer the Formula FX Trading Contest to all its clients. Each round lasts 7 days every alternate week, The contestants can register for the contest before or during the period. Each round will have 40 top winners (based on profit percentage) the first 20 winners of which will receive cash prizes and the second 20 will receive bonus points in the amounts of $1620 and 10000 ALP respectively. The cash prizes can be withdrawn at any time, but the bonus points can be used for trading only. The traders can use the Standard MT4, Pro ECN MT4, and ECN MT4 accounts for this contest, and the minimum deposit amount is $20. Only one account can be used for this competition, and concurrent open positions will be annulled. The contest results will be announced within 96 hours, and the winners will be awarded within 2 weeks after the contest period.
Profit Calculation Formula:
Profit Percentage = (Daily Equity – Beginning Equity-(Deposit-Withdrawal)) / (Beginning Equity + Deposit)*100(%)
One time each season (total 4 times per year) - exact dates of contests published on broker website
1st place $250, 2nd place $200, 3rd place $150, 4th place $100, 5th place $95, 6th place $90, 7th place $85, 8th place $80, 9th place $75, 10th place $70, 11th place $65, 12th place $60, 13th place $55, 14th place $50, 15th place $45, 16th place $40, 17th palce $35, 18th place $30, 19th place $25, 20th place $20, 21st place 1,000 ALP, 22nd place 900 ALP, 23rd place 800 ALP, 24th place 700 ALP, 25th place 600 ALP, 26th- 30th places 500 ALP, 31st- 35th places 400 ALP, 36th – 40th places 300 ALP