1. To participate in competition you should open competition account in the client's cabinet
[Contests] => [Register in contest] and choose competition "Daily Contest".
2. Trading rules on the demo contest account Daily Contest
2.1. Demo Daily Contest is participated on the UnitedForex-Real Server with MetaTrader4 trading terminal.
2.2. Initial deposit - 10'000 USD
2.3. trading leverage - 1:100
2.4. maximal order's lot - 1.0
2.5. Maximal opened orders 10, including pending orders
3. Each contest is one trading day long. Contest starts at 00:00 and ends at 23:59 every trading day (terminal time = GMT+2).
4. Registration begins one day before each stage of competition at 00:00 and ends one hour before competition starts (terminal time is GMT+2).
5. Only one user's account may participate at each stage of Daily Contest competition. In case of dishonest this rule – all participants contest accounts will be disqualified.
6. During competition you can use help of automatic advisers of trade terminal and scripts.
7. Participant's rating is calculated based on the maximum value of Balance (closed trades).
8. At the end of each contest, all participant's market orders will be closed by current market price, pending orders will be deleted.
9. For the total rating calculations, orders which last less than 3 minutes or have less than 10 points of profit will not be accounted. Orders with loss will be accounted in full amount despite of their loss or duration.
10. The Company has a right to change or amend competition rules. Changes will be applicable only since new stage of competition.
11. Participant may be disqualified due to the following reasons:
11.1. If he opened more than one competition account;
11.2. If he registered using false personal data or contacts.
12. Winner identification:
12.1. At the end of each contest all participant's market orders will be closed automatically;
12.2. The Winner is the participant who won first place on value of Balance (closed trades);
12.3. In case of the winner disqualification the prize is given to the second participant with maximal value of Balance (closed trades);
12.4.Demo Daily Contest prize is a trading account with 10$ (1.000 cents) deposit;
12.5. The Winner can participate in further stages of competition, however new prizes will not be available for him only after current prize time will expire;
12.6. The Company has a right to ask a copy of your passport for prize account opening.
13. Trading rules of Prize account:
13.1. Trading leverage is 1:100
13.2. Maximal order's lot is 1.0
13.3. Maximal simultaneously opened orders number is 10, including pending orders.
13.4. The prize account is activated on next trading week's Monday at 1:00 a.m.
13.5. The prize account will be active from the activation moment for one trading week. At the end of the trading week all open orders will be closed using last terminal price and all pending orders will be deleted. Profit from the prize account will be transferred to any other trading account of the contest winner, and the prize account will be suspended.
14. All claims concerning competition results should be submitted during 3 working days after the end of competition stage. Access to competition accounts will be available for one week after the end of competition.