Important!

The FX Trail has finished.

Results:

Contest rules

GMT Prime will give up to USD $10,000 split between 10 prizes of $1,000.

1.- Prizes up tp $1,000 each Round.

$ 1,000.00 (one thousand USD) on a GMT Prime's live account to be paid in 10 parts of $ 100 (one hundred USD) weekly *.

  • 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 trades. It the ties goes on, the award will be given to the trader with the lowest drawdown.
  • Prize delivery will be made on a real GMT PRIME account. If a winner traderdoes not have an account at GMT Prime, the person will apply to the normal 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 participant competing for the same award in the same category.
  • After opening the live account with GMT Prime, the prizewinner could receive up to ten (10) deposits $ 100 (one hundred) to his/her account. The prizewinner will receive $ 100 on the first week and the following weeks will receive $ 100 (one hundred) more, if and so far, at least 3 trades were open in his/her live account during the preceding week (every week must open at least 3 trades).
  • The previous cycle could be repeated until the prizewinner has received a maximum of $ 1,000 in deposits. If the prizewinner fails to open at least 3 trades during a week, he/she would not receive the rest of the $1,000 prize.
  • If after 15 days of announcing a round winner, he/she has not send the required documentation or was unable to locate, the participant forfeits the right to claim the prize.
  • Winners may request a withdrawal for the totality of the funds earned in the contest if and only if 3 (three) of the following 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  • (4) The amount to be withdrawn is equal or greater than $500.

*In case of failure to comply with the previous conditions or the General Terms and Conditions for FOREX Contests, GMT Prime reserves the right to suspend fully or partially the payment of the prize to the round's winner.

2.- Enrollment

  • In order to participate in the competition, you must agree with the the General Terms and Conditions for FOREX Contests. You should not register on the competition neither receive any award unless you agree with these rules.
  • The registration process for competition will be open during the month of May, June, July, August, September, October and November of 2014. Once registered, users may participate in any round of two or four weeks.
  • The registration period for the competition begins at 00:00 (GMT - Greenwich Mean Time) on April 23, 2014.
  • In order to compete, the participant should provide an username, first name, last name (all the information may be verifiable by GMT prime), email and phone using the form available on the GMT Prime's website: http://www.gmtprime.com/fx-trail
  • The user name should be unique; it may not be chosen by another trader. The user name should not have any reference related to GMT Prime. Word such as "GMT Prime trader", "GMT Prime Steroids” are not allowed.
  • GMT PRIME could reject any registration with inconsistent information or disqualify any participant that had provided false personal information. 
  • The individual who performs the registration should be the same who uses the trading account during the competition and the only one who can receive a prize. Neither accounts nor awards are transferable to another individual.
  • It is not allowed to register on the contest with more than one account. If GMT Prime detects that any competitor is trading with several accounts, he/she may be disqualify.
  • In order to compete, the individual accepts that both the information provided during registration, trading history and any other information may be published by GMT Prime.
  • As stated in the General Terms and Conditions for FOREX Contests, residents and citizens of the United States are not allowed to participate in the contest. If there is a situation where a participant has registered with false information and he/she wins the contest, the prize will be given to the next competitor on the round's standings.
  • As stated in the General Terms and Conditions for FOREX Contests, GMT Prime's employees cannot participate in the contest.
  • Failure to comply with any of the previous rules, or any other element or action that GMT Prime considers is against the rules of the competition or the General Terms and Conditions for FOREX Contests, could result in the participant's disqualification.

3.- Setup and operation of the accounts

  • Each participant will receive a GMT Prime 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 each two or four weeks (according to the current round duration), with leverage 1:100, Margin Call to 120% and Stop out Level to 100%. The maximum lot size per trade is 10 (ten).
  • The MetaTrader 4 account credentials will be sent to the user's email before the start of each Round.
  • The participant can open MAXIMUM ten (10) trades per week during each Round (maximum 20 trades for a two weeks round or maximum 40 for a four weeks round). Failure to comply the weekly limit, the participant will not be eligible for the round's prize.
  • The competition will be divided into 10 rounds of two or four weeks each one.
  • The FIRST Round starts at 22:00 (GMT – Greenwich Mean Time) on Sunday, May 11th, 2014 and ends at 17:00 GMT on Friday, May 23rd, 2014.
  • The SECOND Round starts at 22:00 (GMT – Greenwich Mean Time) on Sunday, May 25th, 2014 and ends at 17:00 GMT on Friday, June 6th, 2014.
  • The THIRD Round starts at 22:00 (GMT – Greenwich Mean Time) on Sunday, June 08th, 2014 and ends at 17:00 GMT on Friday, June 20th, 2014.
  • The FOURTH Round starts at 22:00 (GMT – Greenwich Mean Time) on Sunday, June 22nd, 2014 and ends at 17:00 GMT on Friday July 4th, 2014.
  • The FIFTH Round starts at 22:00 (GMT – Greenwich Mean Time) on Sunday, July 6th, 2014 and ends at 17:00 GMT on Friday, August 1st, 2014.
  • The SIXTH Round starts at 22:00 (GMT – Greenwich Mean Time) on Sunday, August 3rd, 2014 and ends at 17:00 GMT on Friday, August 29th, 2014.
  • The SEVENTH Round starts at 22:00 (GMT – Greenwich Mean Time) on Sunday, August 31th, 2014 and ends at 17:00 GMT on Friday, September 26th, 2014. 
  • The EIGHTH Round starts at 22:00 (GMT  -- Greenwich Mean Time) on Sunday, September 28th, 2014 and ends at 17:00 GMT on Friday, Octoberr 24th, 2014. 
  • The NINETH Round starts at 22:00 (GMT  -- Greenwich Mean Time) on Sunday, October 26th, 2014 and ends at 17:00 GMT on Friday, November 21th, 2014.
  • The TENTH Round starts at 22:00 (GMT  -- Greenwich Mean Time) on Sunday, November 23th, 2014 and ends at 17:00 GMT on Friday, December 19th, 2014.
  • There is no maximum duration for open trades during contest. However, all open positions of all participants will be closed at the end of each round on Friday at 17:00 GMT.
  • If any order has an open date later than 17:00 GMT on the round's last day, that order won't be valid to determine the outcome of any contest prizes.
  • 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 break the General Terms and Conditions for FOREX Contests may result in the participant's disqualification.

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 = (Balance - InitialBalance)/ InitialBalance 

5.- Important Considerations

  • Participants must agree with the General Terms and Conditions for FOREX Contests.
  • Each participant can have only one username and can participate as a single individual during the entire contest.
  • Only participants who have a higher balance than the initial balance at the end of each round can opt for the prizes.
  • Each participant must open maximum ten (10) trades during each round. Failure to comply this weekly limit, the participant may not be able to opt for the prize of the Round.
  • 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.
  • The contest standings will be available only through the GMT Prime's website at the following address: http://contest.gmtprime.com/
  • As stated in the General Terms and Conditions for FOREX ContestsGMT Prime 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.
  • As stated in the the General Terms and Conditions for FOREX ContestsGMT Prime will not incur any liability in circumstances where competition should be modified, shortened or canceled for any reason without notice. GMT Prime 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 of any responsibility or liability for loss or damage related to this GMT Prime trading competition.
  • GMT Prime reserves the right to pay the bonus on a Dealing Desk or No Dealing Desk account. GMT Prime will not re-quote orders.

6.- Complaints and requests

Any requests, complaints or comments regarding The FX Trail contest should be sent via email to:

contact@gmtprime.com