LiteFinance – Best of the Best | Demo Contest

1. Registration, participation terms, contest period of the forex demo contest

1. The «BEST OF THE BEST» forex demo contest takes place every month, from the first of each month at 00:00:01 till the last of the month at 23:59:59, according to the server time GMT +2 (as indicated on the trading platform).
2. All participants commit themselves to provide true information when registering for the contest.
3. The clients from the USA, Japan, Israel, and EU countries may not participate in this demo contest.

2. Terms of trading of the forex demo contest

1. Type of account: DEMO ECN.
2. Initial balance: 5000 (the same for all participants).
3. Leverage: 1:400.
4. Risk Stop Out: The maximum drawdown acceptable in a contest account equals 25% of a current balance. As soon as floating loss exceeds this value, Risk Stop Out will occur and all open positions will be closed. A participant who has allowed Risk Stop Out to happen in his/her account will be disqualified.
5. Trading tools: any tool provided by LiteForex

3. Winners determination and prizes getting

1. The first 5 participants with the best Profitability/Risk ratio by the end of the contest will be considered as winners of the LiteForex «BEST OF THE BEST» demo-contest. The final results will be formed within 3 working days after the end of the contest, as soon as they are checked by the security and risk-management departments.
2. The participants whose Risk factor has exceeded 5 during the contest period shall be excluded from the contest, and their contest accounts shall no longer be displayed in the ranking.
3. Only those participants who have been actively trading during the contest period and have increased their initial deposits without breaking the contest rules can be regarded as winners.