How can I participate?
You should sign up or log in to your Personal Area on OctaFX, then open the Menu on the right and click open Champion Demo Contest account.
When does the next round start?
You can find the start date of the next round at the top of the Champion Demo Contest page.
My contest account is disabled. Why couldn’t I join the contest and start trading?
You can enter the MT4 trading platform using the contest login and password only AFTER the round has begun! First of all, сheck you’re trying to enter the right trading platform. The Champion Demo Contest is only available on MT4! Then check if the contest round is Active. You can find this information on the main page of your Personal Area.
You can see the statuses Not yet started, Active or Finished in the same rows as the MT4 contest accounts. You can log in to the MT4 trading platform and start trading only if the contest account is marked as Active.
What is a trading platform and which platform I should use for trading? You have to download and install the MT4 trading platform or use the browser version. Do not confuse it with MT5 or cTrader! These are different platforms and you will not be able to log in and use them to trade in the competition.
Where can I find my contest rank?
You can find your contest rank in the My Accounts list on the main page of your Personal Area.
Note that your current rank will only appear in the contest account row marked as Active. By clicking on the Rank link you can see your personal contest page with detailed information (rank, trades, profit or loss, rank changes, achievements, and so on).
The contest name is cTrader Weekly Demo Contest, hereinafter referred to as the Contest.
The Contest is organized and run by Octa Markets Incorporated, hereinafter referred to as the Company.
The Contest duration is 1 week from the start date to the finish date.
Registration for the Contest is announced a week prior to its start. During the registration period anyone can register in the Contest.
1st place winner is awarded with 150 USD
2nd place winner is awarded with 100 USD
3rd place winner is awarded with 75 USD
4th place winner is awarded with 50 USD
5th place winner is awarded with 25 USD
Only persons of legal age are able to take part in the Contest.
Each participant must register a new demo account for each Contest round.
Each participant agrees to provide real data during the registration. Providing fake data may result in disqualification from the Contest.
ANY KIND of IP match will be subject to disqualification.
Any kind of arbitrage trading or any other abuse with pricing and/or quotes will be subject to disqualification from the Contest.
The Company reserves the right to reject or disqualify any participant without explaining the reason. Reasons for disqualification may include opening big volume opposite orders with the same currency pairs in different trading accounts at approximately the same time, as well as the usage of failures in the quote flow for getting guaranteed profit, or any other kinds of cheating.
Each contest account has the same trading conditions, that is:
Account type – similar to OctaFX ECN account
Trading tools – similar to OctaFX ECN account
Initial deposit – 1,000 USD
Minimum volume – 0.01 lot, maximum volume is not limited
All trading techniques or EAs are allowed.
All the current contest stats are available at OctaFX website.
On the contest finish date all the open orders will be automatically closed at the current market rate.
The participant with the highest balance wins the contest.
Winners agree to publication of their names in the Company news.
Each contestant agrees that some of his/her registration data (including but not limited to country of residence) will be published at www.octafx.com.
The prize is paid into the client’s Wallet and can be withdrawn.
In case two or more contest winners have equal balances in the end of the contest, they will share the prize equally.
The Company reserves the right to declare any prize already given invalid and subject to cancellation upon direct or indirect evidence of attempted fraudulent operations with the prize funds.
Open an account – choose an account type that suits your trading style : Micro (MT4), Pro (MT5) or ECN (CTrader) account.
Make a deposit in your account – Add at least $50 to your trading account using any payment option you like.
Increase your deposit by half with our bonus – Activate your free 50% bonus on the amount you deposit.
Withdraw bonus funds – Privileged conditions for users with higher statuses Keep trading and you’ll be able to withdraw the bonus amount. You’ll need to trade the following number of lots to withdraw your bonus:
Standard lot number = Bonus amount in USD / 2
Your deposit amount $400
50% bonus we provide $200
Divide your bonus by half $200/2
Number of lots to trade 100 lots