Contest on real PAMM accounts «Money Managers» from FXOpen

FXOpen and ForexCup announce the launch of "Money Managers" - a contest on real PAMM accounts - and invite traders to compete for the huge prize money for a total of USD 10,000.

The best trader will get USD 5,000 in the form of investment to his/her PAMM account. For the second and third places, winners will receive USD 3,000 and USD 2,000 respectively.

Conditions of the contest

• Dates: March 4 - May 31, 2019;
• Registration is already open and will last until March 31;
• Prize fund: USD 10,000;
• Rewards*:
  – 1st place - USD 5,000;
  – 2nd place - USD 3,000;
  – 3rd place - USD 2,000.
• Initial deposit: any amount, but not less than the minimum amount for opening a PAMM account (for PAMM ECN - from USD 1,000, for PAMM STP - from USD 200);
• Minimum trading period: not less than 2 months;
• Minimum amount of trades per week: 2;
• Trading volume: not less than 0.5 lot per stage;
• Profit at the end of the contest: at least 20% of the deposit;
• Drawdown during the contest must not exceed 20%**, and short-term drawdown of 25% and more, even if it was not recorded at a rollover will be considered as a loss and a cause for withdrawing the prize.

During the contest, participants are allowed add or withdraw money from their accounts, receive investments to their PAMM accounts, create offers, use all instruments of a PAMM system with no restrictions, use any trading strategies, advisors (AEA, MEA, etc.) and any other standard MT4 add-ons and scripts.

It is prohibited to close for investors such statistics of your PAMM account as equity, drawdown, exposure level, completed trades. This data must be available for viewing.

More detailed information about the contest can be found on the website of FXOpen.