Task:

make profitable transactions on a demo account by use of currency pairs available in the trading terminal.

Winner:

the first 10 traders with the highest balance value will be the contest winners. The monthly contest prize amounts to $2 500.

• 1. Registration, participation terms, contest period
• 1.1. The Top10Forex demo contest is held every week, from 00:00:01, Monday to 23:59:59, Friday (according to the server time GMT+3, indicated in your trading terminal).
• 1.2. All participants commit themselves to provide true information when registering for the contest.
• 1.3. By registering for the contest, a participant admits all restrictions and rules applicable for the contest. Should the contest rules be violated, the Organiser reserves the right of disqualifying a participant in the course of the contest.
• 1.4. In case either attempts of entering the contest from several trading accounts/profiles or the fact of using anonymizers are found out, a participant will be disqualified.
• 1.5. In order to participate in the LiteForex Top10Forex (demo) contest, a client needs to fully verify his/her Personal Profile and register in the contest on the companys website or in the Client's Profile.
• 1.6. A client needs to indicate his e mail address (login from the Clients Cabinet), UID (unique identification number of the client profile), and a nickname that will be displayed in the rating of the Top10Forex demo contest by filling in the respective fields of the registration form.The unique identification number of the Clients profile (UID) is shown on every page of the Clients Cabinet just next to your name, after two colons (example).
• 1.7. Any LiteForexs account holder may participate in the LiteForex Top10Forex (demo) contest once a week. One individual may register for each current contest only once.
• 1.8. After the registration form is filled in, a contest demo account with a unique login number and password will be opened for a participant. These details will be sent to the email address indicated when registering for the contest.
• 1.9. The registration for a new contest stage is open as soon as the previous contest stage starts.
• 2. Terms of trading
• 2.1. Type of account: demo.
• 2.2. Initial deposit: 10000 (the same for all participants)
• 2.3. Leverage: 1:500.
• 2.4. Margin Call Level equals 50%; Stop Out Level equals 20%.
• 2.5. Trading instruments are MAJOR CURRENCY PAIRS and MAJOR CURRENCY CROSS PAIRS.Note: due to non market USDCNY quotes, trading the USDCNY will be reckoned as invalid and such trades will serve as a reason for disqualifying the contest account. Trading the USDCNY in demo contests will not be available in future.
• 2.6. The participant may use any trading advisors and strategies that don�t contradict LiteForexs Regulations.