MT.COOK Trading Contest

MT.COOK Trading Contest: Oct 03 – Nov 27 2021

Mt.Cook Financial (in partnership with Golden Apex Capital) are hosting a trading contest at the start of Q4 2021. Mt.Cook will be supporting the contest as the clearing brokerage. Golden Apex Capital operates as a private R&D prop shop who recruit talented traders for private clients and hedgefunds, and have agreed to sponsor the contest, which we anticipate will be the first of many!

This trading contest provides a unique opportunity to any of our existing traders, as well as any aspiring new traders, to showcase their trading skills and compete with one another in a friendly, real money, trading contest experience. The top reward may be the chance to manage a significantly sized allocation of capital for a large client (if desired). However there are also other motivational cash rewards for participants, as well for any Introducing Brokers (IB’s) that may know talented traders and wish to introduce them to the contest.

 

CONTEST REWARDS

Contest categories and rewards are listed in the tables below, and are valued in USD currency.

PERFORMANCE REWARDS (USD)

PLACE
TRADER REWARD
IB (if applicable)
1st$5,000$1,667
2nd$3,000$1,000
3rd$2,000$666
4th$1,500$500
5th$1,000$333
6th$500$167

ADDITIONAL CATEGORIES (USD)

CATEGORY
TRADER REWARD
IB (if applicable)
Best Risk-Adjusted Return:$5,000$1,667
Best Absolute Volume:$2,000$667
Best Relative Volume:$1,500$500
Raffle:$1,000$333

CONTEST REWARD SUMMARY

  • TOTAL TRADER PRIZES: $22,500
  • TOTAL IB PRIZES: $7,500
  • CONTEST GRAND TOTAL: $30,000

 

ADDITIONAL REWARDS

In addition to the cash rewards, we have other “perk” add-on rewards for participants.

  • Top traders across both categories may be introduced to private funding sources (if desired) for a chance to profit-share on larger capital allocations.
  • Top traders across both categories can be setup with a PAM (if desired) for managing capital, with potential for capital introductions.
  • Clients who have won in any category will gain access to reduced transactional commissions, for life, for any of their trading endeavors.
  • Any Introducing Brokers, will enjoy 1/3 of any of the rewards above.

 

BASIC RULES

Account Setup

  • Accounts must be live trading accounts, on MT4, trading on ECN liquidity.
  • Minimum balance: $1,000 USD (or equivalent in other currencies)
  • Cost: $7.50 per standard round turn lot *
  • Spreads: raw **
  • Leverage: 200:1 (or lower)

 

Participation

  • All available instruments can be traded (FX, metals, CFDs, Crypto)
  • Available for free to both, existing and new clients
  • Available for old and active accounts, as well as new ones
  • Available for accounts that are flat, or have open trades when the contest begins.

 

What is NOT PERMITTED in the contest

  • Hyper Scalping ***
  • News Trading ****
  • Arbitrage or unsustainable predatory trading strategies *****
  • < 3 trades opened in a week
  • Deposits and withdrawals during the contest

 

Notes to the Participation Rules

Participants can use all trading styles, and can always deposit to, and withdraw from their own accounts, however clients using any of the above activities will be disqualified from the contest at the sole discretion of the parties hosting the contest.

* If an existing account qualifies for or is trading with a lower rate than $7.5/lot, the difference will be accumulated into a commission account (either client’s own if there is one available, or accumulated into MTC’s commission account for this contest project). Clients will be able to withdraw those accumulated commissions at the end of the contest. Example: Client is paying $6.5/lot now, but will be charged $7.5/lot on the contest account, thus $7.5 – $6.5 = $1.0/lot, and this will be paid to a commission account. This means that ultimately the commission rate still remains the same to the trader.

** Mt.Cook typically provides raw spreads. Certain clients (primarily money managers) may have opted to trade on marked up spreads, where the difference in spread is paid to them. Default spreads for contest accounts are raw, however clients with marked up spreads can still join the contest if they choose to.

*** Hyper Scalping would be considered as trades opened and closed within 30 seconds. 90% of trades should be closed > 31 seconds. Accounts that do not fit such criteria may be disqualified from the contest.

**** News Trading would be considered as trades that fit all the following criteria: (1) the trade is positive, (2) the trade is opened during the news event (first minute before or first minute after the news release), (3) such trade is closed within 5 minutes. If the trade does not fit all 3 criteria, it is not considered news trading. Accounts will be manually inspected for news trading. Any account nominated for a reward will be inspected to see if it would be classified as a news trading strategy, and if trades that fit the above criteria represent 10% or more profit during the contest, the account may be disqualified. If trades that fit the above criteria represent < 10% of the total profit during the contest, the account will not be disqualified.

***** Predatory/toxic/exploitative strategies such as various forms or price arbitrage, or those looking to trade within the spreads or strategies calculated by our LPs to have an aggressive YIELD DECAY may be disqualified from the contest.

 

STEPS TO BEGIN

 

EXISTING CLIENTS

  • Contact our accounts team at accounts@mtcookfinancial.com to check if your account will qualify for the contest.
  • Make sure the account is funded, and that it’s equity is at least 1,000 USD (or equivalent in other currencies) at the start of the contest. Accounts can be funded by bank wire transfer, perfect money, or crypto-currency.
  • At least one week prior to the start of the contest, submit the Contest Application Form here.
  • You will be emailed by our accounts team once your account is ready for the contest. You can still trade on it even before the contest, just make sure the account has at least 1,000 USD or equivalent equity when the contest begins.

 

NEW CLIENTS

  • Apply for a new account here.
  • Make sure the account is funded, and that it’s equity is at least 1,000 USD (or equivalent in other currencies) at the start of the contest. Accounts can be funded by bank wire transfer, perfect money, or crypto-currency.
  • At least one week prior to the start of the contest, submit the Contest Application Form here.
  • You will be emailed by our accounts team once your account is ready for the contest. You can still trade on it even before the contest, just make sure the account has at least 1,000 USD or equivalent equity when the contest begins.

 

INTRODUCING BROKERS (IBs)

  • Apply for a new account here.
  • Refer any eligible traders.

 

For more information, please read our detailed contest FAQs listed below. 

READY TO GO? OPEN AN ACCOUNT NOW CONTACT US FOR MORE INFORMATION

 

 

1)

Q: What is the prize of the contest?

A: The total prize of this contest is 30,000 USD, while the 1st place in performance, and Best Risk-Adjusted Return both have a 5,000 USD reward.

 

2)

Q: What is the role of Mt.Cook Financial, and what is the role of Golden Apex Capital in this contest?

A: Mt.Cook Financial is the brokerage firm which provides the trading platform, clearing, and technology to the clients of the contest. Golden Apex Capital operates as a private R&D prop shop who recruit and work with talented traders in partnership with private funding sources, investors, and hedgefunds. This contest aims to shine light on talented traders looking to perhaps manage large capital allocations, or to simply participate for fun in an attempt to win cash prizes.

 

3)

Q: Who can apply for the contest?

A: Anyone with a live account at Mt.Cook. Those that don’t have one yet, can simply apply for one if they wish to participate.

 

4)

Q: What is the minimum account equity for the contest?

A: It needs to be at least $1,000 USD or equivalent in other currencies at the start of the contest.

 

5)

Q: Can I participate in the contest with a demo account?

A: No, this contest is only for live accounts only. Clients must have their own “skin in the game” to participate.

 

6)

Q: Are there any fees associated with the contest?

A: No, the contest is free for all Mt.Cook clients with live funded accounts.

 

7)

Q: So what are the steps and timelines involved to participate in the contest?

A: Here is a simple step by step process, and the time lines:

  1. Have an ECN MT4 account with Mt.Cook. Clients can either use their existing accounts (ask our team at accounts@mtcookfinancial.com to check if the account is suitable), or open a new account for the contest.
  2. Once you have a live funded account, apply for the contest
  3. At least one week before the contest, submit the Contest form here. In order to give us enough time to process everything, you will need to apply for the contest at least 1 week before it starts.
  4. Make sure your account’s equity is at least $1,000 USD (or equivalent in other currencies) by the Sunday market open when the contest starts. If you have insufficient balance and want to participate in the contest, make sure to deposit in time.

 

8)

Q: I don’t have an account yet with Mt.Cook, and would like to participate in the contest.

A: No problem. Just apply for a new ECN trading account with our brokerage, while making sure it’s done in time. Here is the link to the application form: http://mtcookfinancial.com/open-live-account/

 

9)

Q: I have an old and inactive ECN MT4 account with $1,000 USD or more, and would like to apply for the contest. Can I participate?

A: You should be able to participate one way or the other. Check Q&A #32 for the proper account setup. Our staff will be happy to assist you with that, so feel free to contact our accounts team at accounts@mtcookfinancial.com.

 

10)

Q: I have an account with $1,000 USD or more, and I’ve been actively trading it before the contest. Is this OK?

A: Similarly to above, you should be able to participate one way or the other. Check Q&A #32 for the proper account setup. Contact us at accounts@mtcookfinancial.com, and we’ll help you on preparing your account for the contest.

 

11)

Q: I have an MT4 account on your DMA feed. Can I participate in the contest?

A: You can’t participate in the contest with your DMA account, but as an existing client at our brokerage, you can participate with another account. You will need to open an additional MT4 account on the ECN feed to participate. Ask our accounts team to open this new account for you, and either make an internal transfer of funds, or deposit additional funds to your new ECN account. This is a quick process, and our staff will be happy to help. Do remember to mention it’s for the contest, so that it is set up appropriately.

 

12)

Q: I have a managed account with you. Can I participate?

A: You need to have an MT4 account on the ECN feed. If you have a managed account, then you most likely have it on our Hybrid PAM, and that means you don’t have MT4 access (unless you are the manager). In order to participate you would need to open an ECN MT4 account. Ask our staff to help you with that, and they will be happy to assist you. Do mention it’s for the contest, so that they will open an appropriate account.

 

13)

Q: I have a FIX API account with you. Can I participate with it?

A: You need to have an MT4 account on the ECN feed. Ask Mt.Cook accounts team to help you with that, and they will be happy to assist you. Do mention it’s for the contest, so that they will open an appropriate account.

 

14)

Q: I have a corporate account. Can I participate?

A: Yes, as long as you get your account set up to meet the terms for the contest. Please see Q&A #32 for more details. Feel free to contact us for any assistance.

 

15)

Q: I’m managing a PAM account. Can I join the contest?

A: Yes, you can, as long as you get your account set up to meet the terms for the contest. Please see Q&A #32 for more details. Feel free to contact us for any assistance.

 

16)

Q: What if I start trading late, not exactly on the market open?

A: That is perfectly fine, as long as you do start trading anytime in the first week, and open at least 3 trades.

 

17)

Q: I am holding open trades on my account, and those trades may remain open when the contest starts. Is this OK?

A: Yes, it is fine, as long as your equity is over 1,000 USD or equivalent at the start of the contest, and you get your account properly set up. Account with open trades on the day when the contest starts is basically the same as an account that just opened those trades at the current value. Feel free to contact us, and we will help you set up the account for the contest.

 

18)

Q: On the day the contest started, my account’s balance was under $1,000 USD or equivalent, but my equity was above that. Can I still participate?

A: Yes, as long as the equity is above $1,000 USD or equivalent. Equity is the true account value, balance doesn’t matter in this contest.

 

19)

Q: When I applied for the contest, my account’s equity was above $1,000 USD, while on the day the contest started, it’s dropped below. Is this OK?

A: Unfortunately you will not be able to participate in the contest in this scenario. We want to make rules simple, but firm, so that every client has the same chances. Don’t worry, you may have a completely new chance on the next contest in two months.

 

20)

Q: My account dropped to below $1,000 USD or equivalent during the contest. Can I still participate?

A: Yes, as long as you had 1,000 USD or equivalent in equity on the day the contest started, you are good to go.

 

21)

Q: My account is not in USD currency. How is the USD equivalent calculated for other currencies?

A: The $1,000 USD equivalent as the minimum account equity is calculated at the moment the contest begins, which is midnight server time. It is calculated vs USD based on the spot price of our ECN feed.

 

22)

Q: How do I check if my existing account is acceptable for the contest?

A: There are specific rules for the setup of contest accounts. Please check Q&A 32 for more info. Your existing account can most likely be set up the proper way, so please feel free to contact us at accounts@mtcookfinancial.com.

 

23)

Q: I realized I don’t have an appropriate account for the contest, however I do have it funded. What do I do if I want to participate in the contest?

A: It’s easy. Ask our accounts team (accounts@mtcookfinancial.com) to either change the settings on your existing account, or open a new ECN MT4 account for you. If it’s a new account, then you’ll be able to make an internal transfer of funds to that new account. This is a quick process. Please do mention that you are opening an account for the contest.

 

24)

Q: Can I deposit funds to my account during the contest? How about withdrawing funds?

A: Any deposits or withdrawals will disqualify you from the contest, as such activity would ruin the calculation. But of course you can withdraw or deposit funds on your account at any time (although you’d be disqualified from the contest), since the account belongs to you.

 

25)

Q: I deposited funds to you before the contest started, but the funds were not posted to the account.

A: Unfortunately this means you will not be able to be part of this contest. There is no guarantee that any of our funding options are instant (they are manually booked), therefore it is advised that clients don’t wait with funding. It is best to fund your account early than too late.

 

26)

Q: What is the max leverage I can have on my account that participates in the contest?

A: The max leverage is 200:1. It can be lower, but not higher. If you are participating with an account that has a leverage higher than 200:1, this will need to be lowered for the time of the contest.

 

27)

Q: What is the commission on the account in the contest?

A: All accounts on the contest have the same commission, which is 7.5 USD/lot.

 

28)

Q: Because of my deposit/volume my commission is lower than 7.5 USD/lot. I don’t want to pay higher commission now.

A: Don’t worry, you will not spend any more money. Although your account will be charged a higher commission, this difference will still be paid to you. The difference between the contest rate (7.5 USD/lot), and your old rate, will be collected on a commission account. If your normal commission is 6.5 USD/lot, and as your account will be charged 7.5 USD/lot for the contest, that 1 USD excess of commission will be paid to the commission account. Therefore you are not paying more, the remainder is still paid to you. Also, when you are not in the contest anymore, just contact us, and we will set the account back to its standard settings.

 

29)

Q: Can I withdraw my accumulated commission?

A: Of course you can, that is your money. The only question is when; If you are also an IB, and have your own commission account, then yes you can withdraw that at anytime. In case you are not an IB, and you don’t have your own commission account, then your commission is accumulated on MTC’s commission account, and you can withdraw the accumulated commission after the contest has ended. You cannot withdraw those commissions until the contest has ended, even if your account was disqualified from the contest.

 

30)

Q: You said all clients would have the same conditions. Although all clients on the contest have the same brokerage commission charged, the leverage is different. Some clients could also be trading on marked up spreads. Those are not really the same conditions.

A: Good point! However, while the commission does affect the profits, the higher leverage doesn’t. It only allows the account to take higher risks, which can result in higher profits or higher losses. The contest lasts two months, therefore even accounts with lower leverage will have plenty of chances to make profits. Regarding the markup question, all contest accounts are on a raw feed by default. Those are the best conditions. All clients are offered to trade on raw spreads, while clients that intentionally choose to trade with marked up spreads, can do so if they want to, however this puts them at a disadvantage vs trading on our raw spreads.

 

31)

Q: I have an account in a different currency than USD. How can I make sure it’s at 7.5 USD/lot?

A: Our software will calculate your commission notionally to be exactly 7.5 USD/lot, no matter the base currency.

 

32)

Q: So what is the setup of the account participating in the contest?

A: Accounts need to be an ECN MT4 account. It needs to have at least $1,000 USD (or equivalent in other currencies) in equity at the moment the contest starts. The max leverage is 200:1 (this can be lower, but not higher), the commission is $7.5 USD/lot, while spreads are raw by default. However, if you do trade on an account with a spread markup, and you would like to use it for the contest, then of course you can do that.

 

33)

Q: How do I ensure I have the right setup for the contest?

A: Feel free to contact our accounts team at accounts@mtcookfinancial.com. Also, once you’ve submitted the contest application, we will make sure your account has the proper setup, and we will also inform you once you’re ready to go. Please just make sure to apply soon enough, as you will need to have everything prepared for the contest one week before the start.

 

34)

Q: Is there any specific trading style I must use, or cannot use for the contest?

A: As mentioned above, Mt.Cook’s main business is institutional focused, and our partners in the contest are looking for stable traders with scalable and long-term sustainable strategies. Our aim is to find traders that could trade on large accounts, and that’s where news trading and hyper scalping, and arbitrage trading strategies aren’t a good fit. Therefore, clients mainly trading news, and hyper scalping (very short term trades) will be disqualified from the contest. That doesn’t mean you cannot close any trades quickly. It’s just that most of the trades (90%) must be outside of those parameters. As gambling is not the way to go for this contest, we don’t want clients taking chances and scoring on one big trade, and then waiting until the contest ends. That’s why clients should be actively trading, and should open at least three trades per week. Thus clients not opening at least 3 trades in a week will be disqualified.

 

35)

Q: I want to trade by the rules, but want to know exactly what will get me disqualified?

A: Let’s summarize it here. Trading is analyzed every week, and you need to have:

  • At least 3 trades
  • 90% or more trades need to be opened and closed within more than 31 seconds
  • 90% or more trades need to be opened and closed during non-news events (read more on what is considered news trading)
  • Your trading should not include arbitrage/predatory or exploitative strategies
  • There should be no deposits and/or withdrawals during the time of the contest

Although the above actions are permitted by the brokerage (of course you can deposit, withdraw, have under 3 trades a week etc), however you will be disqualified from this particular contest by doing so.

 

36)

Q: I’m a news-trader, can I join your contest?

A: Although your strategy is welcome at the brokerage for general trading, and you can use it on your account, it unfortunately is not a fit for the contest. As this contest is all about scouting for successful traders that use scalable and sustainable strategies, that are not sensitive to price action and volatile spreads so news trading is not included in the contest.

 

37)

Q: What do you consider news trading, and how is that sanctioned?

A: News trading is not considered a scalable or sustainable strategy for bigger accounts, as it is often very sensitive to price action and volatile spreads. The goal of this contest is to search for traders that can manage accounts with significant capital. News trading is not easy to define, however for the purpose of this contest, we have the following definition for news trading:

  • The trade is positive. Such trades will skew the trading performance upwards, and that would not be fair towards the clients sticking to the rules, and not trading the news.
  • The trade is opened either 1 minute before, or 1 minute after the news event. This means the trade would potentially have the advantage of the news event.
  • Such trade is closed within 5 minutes. This means that trade has potentially used the advantage of the news event, which is not fair to the clients not trading the news, and trading by the rules.

All accounts that are nominated for any of the awards, will be inspected for news trading at the end of the contest. Any accounts with 10% or more profit derived from news trading events will be disqualified. We still want to allow news trading to some degree in case you are holding open trades or using an EA, and you cannot control when its trades are opened or closed. However is news trading is your primary strategy or responsible for most of your account growth, we will not include it in the competition.

 

38)

Q: I was either news trading, hyper scalping or didn’t trade a minimum of 3 trades in a week before on my account. I don’t intend to do that on the contest. Does my account’s history then affect the rules of the contest?

A: That is perfectly fine. Accounts will not be evaluated for any trading that took place before the contest. Only the trading during the contest will be considered. You can easily use your old account with any kind of history, and you will be fine as long as you stick to the rules of the contest.

 

39)

Q: I was disqualified from the contest because my account was found either news trading, hyper scalping, or did not have enough weekly trades. Can I still trade with this strategy, although not on the contest?

A: Of course! We welcome all strategies, as long as our LP’s are fine with them. So although the contest has specific rules, those for regular trading outside of the contest are way more relaxed.

 

40)

Q: How is the performance of my account measured?

A: The performance is measured based on your account’s equity, which is the actual account value at any given time.

 

41)

Q: How are accounts evaluated?

A: All accounts are automatically inspected every week for:

  • Trade activity, where an account needs to open at least 3 trades in a week;
  • Trade duration, where account needs to have at least 90% of weekly trades opened and closed within 31 seconds or more;
  • No deposits or withdrawals can be made on the account during the contest;

Accounts that fit any of the above criteria will be disqualified from the contest, however they can continue trading at the brokerage, while not being part of the contest. All accounts that are nominated for any of the awards, will be manually inspected at the end of the contest to make sure they traded by the rules. Any accounts found news trading will also be inspected, and if more than 10% of profit during the contest derived from trades considered news trading, such accounts will be disqualified.

 

42)

Q: How is the “Relative volume” calculated?

A: This one seems a little bit more complex, but in the end it’s quite logical. All active accounts are considered, and the formula for the calculation is: Total volume traded, divided by the starting equity. This means even a small account can win in this category.

 

43)

Q: Why do you have a raffle prize?

A: Good question! It’s a consolation prize. We wanted to have something there also for clients that don’t consider themselves the best yet, but who still want to participate and play by the rules. This way everyone has a chance to win something simply for participating.

 

44)

Q: What if my equity is zero or even negative during the contest?

A: You can trade as long as your account is tradable, this means you have a positive equity. If the equity is zero, then unfortunately you cannot continue with this contest. You will of course be able to start fresh on the next contest.

 

45)

Q: How are the results published?

A: Results based on performance will be published live on our website. Performance and the rest of results will be published at the end of the contest.

 

46)

Q: You said the results are public. I want to keep a low profile, so don’t want to be listed publicly anywhere.

A: Don’t worry, we respect privacy too. Each contest contender will choose a unique nickname that will be public, while the account name and account number will stay hidden.

 

47)

Q: What are the rewards?

A: The rewards are for different categories; 1st to 6th place in performance, the best volume trader (absolute and relative volume), the reward for the best risk-adjusted rate of return, and for all those that didn’t succeed, but played by the rules, there is also a consolation prize – the raffle. Last but not least, any reward that you get, no matter your account size or volume, you will get an improved commission rate – on all your accounts for life!

 

48)

Q: Can I win rewards in different categories at once?

A: You can win the reward for 1st to 6th best performance, and also best volume, and best risk-adjusted return, if your trading was really all in one. The consolation prize is reserved for the clients that played by the rules, but didn’t win any other prizes.

 

49)

Q: Do disqualified traders also get a chance to win a reward?

A: No, not if you are disqualified. If you have lacked in performance, and have stuck by the rules, you still have a chance to get lucky, and win the raffle prize. In either case, disqualified, poor or best performance, there is a completely fresh start on the next contest which we hope will be right around the corner!

 

50)

Q: I lost the capital on my account. Does this count as disqualified, or can I still win any reward?

A: Although losing your capital on an account is a legit trading loss, it means that you cannot place any more trades, and you would fall in the “under 3 trades per week category” which will get the account disqualified. In case this happened during the last week of the contest, and after placing at least 3 trades – then yes, you still have a chance to win the raffle prize!

 

51)

Q: My trading wasn’t that great unfortunately, and I didn’t win any reward. I want a rematch.

A: We are planning to run the contests every two months. If you weren’t successful in one, yous hould have every chance to succeed in the next one.

 

52)

Q: Can I use the same account on the next contest?

A: Of course. Just make sure that you get subscribed at least one week before the next contest begins.

 

53)

Q: Can I compete with more than one account?

A: Of course, you can use as many accounts as you want.

 

54)

Q: I’m not a good trader, but I know someone who is. Can I refer them to the contest?

A: So you can participate as an Introducing Broker, or IB in short. That is good too. Any reward that your referred traders get, you get 1/3rd of it!

 

55)

Q: I am an IB of a client in the contest. Do I still get the brokerage commission?

A: Yes you do, a deal is a deal.

 

56)

Q: What are all the benefits of succeeding on your contest?

A: There are many benefits:

  • Cash rewards in different categories, paid to both contenders, and their IB’s.
  • Every client that wins a reward (even the raffle) will get the best (reduced) rates for life on all their accounts.
  • The top traders will be published on our website (nicknames only, personal info will be hidden), and those traders will have a chance to get more exposure, or start a PAM – therefore trade for investors (if they like and choose to do so).
  • The top traders will also be analyzed by Golden Apex Capital for potential capital introductions. If any of their partners likes the trading, the client may have a chance to trade a substantial capital allocation (accounts in excess of 1M USD), and profit share on it. That’s actually the ultimate end goal of the contest.

 

57)

Q: I am a good trader, and I proved that with my results on the contest. Can you get me any help on raising capital?

A: Of course, exposure is one of the benefits of this contest! The best contest results will be published on our website, so it’s not only our contest partners following the results and considering capital allocations, it’s our entire client base! If you did well, you could start a PAM if you like, and any interested clients could join in on your trading. We should add that we have a sophisticated Hybrid PAM at our brokerage, and all PAM commission and fee calculations are fully automated, where PAM managers have no extra work with calculating, collecting and splitting the profits. It’s all done in house, and free of charge. Feel free to contact us for more info on our Hybrid PAM software.

 

58)

Q: Where and when do I get my reward? And can I withdraw it?

A: Your reward will be paid the week after the contest has finished. It will be paid to any of your brokerage accounts. You can withdraw your reward right away, or trade it. The decision is yours. There are no locks or terms or conditions on it. It is free and clear to use as you like.

 

59)

Q: There was an issue on the feed, and you corrected it with a deposit (or withdrawal). As deposits/withdrawals aren’t allowed on the contest, will this get me disqualified?

A: We all strive to have a stable feed, but sometimes, although rare, such things still happen. We apologize for any inconvenience, but don’t worry; Any corrections (deposits or withdrawals) are legit, and will not get you disqualified.

 

60)

Q: Why does the contest last 8 weeks? This is a long time!

A: We know that such contests usually last less than 8 weeks, but the purpose of our contest is to search for profitable and stable traders. 8 weeks is actually considered a very short track record in the grand scheme of things. We want to eliminate the timing and luck factor as much as we can, and try to find traders with sustainable strategies that can go the distance. While 8 weeks is not really enough time for that, it’s at least a start.

 

READY TO GO? OPEN AN ACCOUNT NOW CONTACT US FOR MORE INFORMATION