HFM – Virtual to Real Demo Contest

The HotForex ‘Virtual to Real’ Demo Contest is a contest only held on demo accounts. Therefore, there is no monetary risk for the participants but the cash prizes awaiting the winners are real! Furthermore, by offering this demo contest we allow our clients to master their trading skills with no risk but also get real money prizes!

Terms and Conditions

• This is a monthly contest therefore the trading period lastsfor 1 month,i.e.from the 1stday until the last day of the given month.
• The Leverage is fixed at 1:200 and cannot be changed.
• Initial virtual deposit is 10,000 USD.
• The Demo Contest can only be applied to 1 (one) account per Client.
• The Demo Contest cannot be applied to 2 (two) or more contestants who have the same IP addresses.
• No bonus is awarded on the prizes won.
• At the expiration of the trading period in a given month, all previous Demo Contest accounts are deleted.
• The gain formula used to determine the top 3 winners for each trading period is used to determine the contest ranking system. The gain formula is: Gain = [(Ending Balance -Beginning Balance) / Beginning Balance] *100.
• The gain formula used will mark any negative % as 0on Demo Contest Account. Gain Formula Examples
• Example A (Profit)
• Beginning Balance: 10,000 USD
  Ending balance: 50,000 USD | [(50,000 –10,000)/10,000] *100 = 400% gain.
• Example B (Loss
• Beginning Balance: 10,000 USD
  Ending balance: 4,000 USD | [(4,000 –10,000)/10,000] *100 =-60% gain = 0% gain.
• There is no monetary risk in participation; however, there are real cash prizes available to the top 3 winners.

Prizes and Volume Requirements

The top 3 performers will be awarded the following:

• 1st Prize $2,000 Credited in a Live Account;
• 2nd Prize $1,000 Credited in a Live account;
• 3rd Prize $500 Credited in a Live Account.

The prizes will be credited in a Live Trading Account providing that the wallet is fully approved by the Company.

The prize funds cannot be withdrawn but any profits can be withdrawn as long as the winner(s) has completed at least 50 round turn trades and a total volume of 10 standard lots.

Examples of participant who is eligible to withdraw profits from prize:

Examples of participant who is not eligible to withdraw profits from prize:

Withdrawal Information

Winners can submit only 1 (one) withdrawal request to claim their profits on the Live Account to which the Demo Contest Prize has been credited. Upon withdrawal of profits, the Prize amounts are deducted from the Live Accounts which are then archived.