**Important**

Round 3 and 4 have been cancelled. Participants will be invited to a new Trading Contest to be announced.

Results

Round 2 starts on March 23th, 2015.

  • Round 1 has finished on March 20th, 2015.
  • Initial balance has been set on $5000
  • Accounts credentials have been sent

 

Contest rules

1.- Prizes

GMT prime will give a prize of USD $250.

USD $250 for each round

$250.00 on a GMT Prime Live account  to the participant with the best profit.

  • Only one participant can be winner on every round. If there is a tie (a situation when a couple of traders finish the competition with the same ending balance) GMT PRIME will deliver the award to the trader with the highest number of positive orders. It the ties goes on, the award will be given to the trader with the lowest drawdown.
  • The prize will be delivered on a GMT PRIME Live account. If the traders does not have an account at GMT Prime, the person will apply to the regular process, in order to open an account.
  • If there is a denial of the approval process, GMT PRIME will give the award to the next competitor with the highest profit.
  • After opening the live account with GMT Prime, the prizewinner could receive up to five (3) installments (deposits) of $50 (fifty USD) in its account. The prizewinner will receive $100 in the first week and then, it must open at least 3 trades per week to receive another $50 installment.
  • The previous cycle could be repeated for three (3) continuous weeks until the prizewinner has received the total prize of $250 (two hundred and fifty USD). If the prizewinner fails to open at least 3 trades per week, it won't be able to receive the remanining of the $250 prize.
  • The trader has 15 days to send his/her documents to the company, in order to check out all the information available. If the company is not able to find the winner, the trader will lose the right to claim for the award.
  • Winners may request a withdrawal for the totality of the funds earned in the contest if and only if 3 (three) of the folliowing conditions are met:
  • (1) The user already has a Live Account with GMT Prime which is at least six-month-old  (Bonus/Contests prize accounts do not apply).
  • (2)  The user opened at least two (2) trades (Buy / Sell) weekly continuously for fifty two (52) weeks.
  • (3) The user has deposited at least $500 into its GMT Prime account.
  • (4) The amount to be withdrawn is equal or greater than $500.

2.- Enrollment

  • In order to participate in the competition, you should agree with the following terms and conditions. You should not register on the competition neither receive any award unless you are.
  • In order to participate, the person should provide a user name, name, last name (all the information may be verifiable by GMT prime Corp.).
  • The user name should be unique and it may not be chosen by another trader. The user name should not have any reference related to GMT such as "GMT Prime trader", "GMT WINNER", "championGMT", etc.
  • GMT Prime Corp. could reject any registration with inconsistent information or disqualify any participant that had provided false personal information.
  • It is not allow to register on the competition with more than one account. If GMT detects that any competitor is trading with several accounts, he/she may be disqualify.
  • In order to participate, the trader accepts that all the information provided such as trader's historical data may be publish by GMT Prime Corp., and the investor should understand that his/her data can already be seen by the public. 
  • US Residents and citizens are not allow to participate in the competition. If there is a situation where a participant has registered with false information and he or she wins the competition, the award will be given to the next trader on the round standings.
  • GMT Prime Corp. employees cannot participate in the contest.

3.- Setup and operation of the account

  • Each participant will receive a GMT Prime Corp. Demo account for each round.  Participants will access the Demo account through the MetaTrader 4 platform. Accounts will have an initial balance to be announced before contest's start, with leverage 1:100, Margin Call to 120% and Stop Out Level to 100%. The maximum lot size per trade is 10 (ten).
  • The MT4 account credentials will be sent to the user registration email before the start of each Round.
  • FIRST Round starts at 22:00 (GMT) on Monday, March 2nd, 2015 and ends Friday, March 20th at 17:00 GMT.
  • SECOND Round starts at 22:00 (GMT) on Sunday, March 22th, 2015 and ends Friday, April 10th at 17:00 GMT.
  • THIRD Round starts at 22:00 (GMT) on Sunday, April 12th, 2015 and ends Friday, May 1st at 17:00 GMT.
  • FOURTH Round starts at 22:00 (GMT) on Sunday, May 3rd, 2015 and ends Friday, May 22th at 17:00 GMT.
  • FIFTH Round starts at 22:00 (GMT) on Sunday, May 24th, 2015 and ends Friday, June 12th at 17:00 GMT.
  • SIXTH Round starts at 22:00 (GMT) on Sunday, June 14th, 2015 and ends Friday, July 03rd at 17:00 GMT.
  • SEVENTH Round starts at 22:00 (GMT) on Sunday, July 5th, 2015 and ends Friday, July 24th at 17:00 GMT.
  • EIGHTH Round starts at 22:00 (GMT) on Sunday, July 26th, 2015 and ends Friday, August 14th at 17:00 GMT.
  • NINTH Round starts at 22:00 (GMT) on Sunday, August 16th, 2015 and ends Friday, September 04th at 17:00 GMT.
  • TENTH Round starts at 22:00 (GMT) on Sunday, September 06th, 2015 and ends Friday, September 25th at 17:00 GMT.
  • There is in no maximum time duration for open positions during competition.
  • If any order has an open time after 20:45 GMT of the last day of the round, that order won't be valid to determine the final round standings.
  • Participants can trade manually or using any script or Expert Advisor, if and only if this works within the MetaTrader 4 platform.
  • Failure to follow any of these rules or any activity that attempts to evade some of the rules may result in disqualification from the competition.

4.- Standings

The standings show participants according to the profit they have made to their account during each round.

The profit is calculated by the following formula: Profit = (Ending Balance – Initial Balance) / Initial Balance.

5.- Important considerations

  • Each participant can have only one username and can participate with only one account.
  • Only participants who have made profit after each round can opt for the prizes. 
  • Each participant must open at least fifteen (15) trades during each round. Failure to comply this number of trades will make the user unable to win any prize.
  • In the situation that 2 (two) participants had exactly the same ending balance, will be chosen as winner the participant with the highest number of positive trades. If this value matches again, the user with the lower drawdown will be chosen.
  • GMT Prime Corp. reserves the right to use personal information and trading history of the participants for future company advertising, contests, marketing, events, research, publications, and any other type of operation it deems appropriate.
  • GMT Prime Corp. will not incur any liability in circumstances where competition should be modified, shortened or canceled for any reason without notice. GMT Prime Corp. reserves the unilateral and exclusive right to eliminate this competition, disqualify any participant, change the rules, change the prizes or increase time for requesting a prize withdrawal.
  • Participants are responsible for their own conduct and release GMT Prime Corp. of any responsibility or liability for loss or damage related to this GMT Prime Corp. trading competition.
  • GMT Prime Corp. reserves the right to pay the bonus on a Dealing Desk or No Dealing Desk account. GMT Prime Corp. will not re-quote orders.

6.- Complaints and requests

Any requests, complaints or comments regarding The Fx Brilliant Trader competition should be sent via email to:

contact@gmtprime.com