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ACFX announces Forex Competition with $10 000 prize fund

Feb 28 2012


ACFX Forex Contest at a glance:


 -     2 Qualification rounds and the Final Round.

 -     Start the contest with $50,000 Virtual Money.

 -     Get clustered into divisions based on your geographical region.

 -     Compete with traders from your own region. Top Earners (10% ratio) will automatically qualify to the Final Round.

 -     Top 20 earners from each Qualification Round will receive a $50 Bonus.



Atlas Capital International Competition is a Demo Trading Contest, in which members of Forex Competitions will have the opportunity to participate and compete against other member traders towards winning an exceptional Cash Prize of a Total of 10,000 USD. Members will be able to register for the competition through Forex Competitions website.

Competition outline
The competition consists of Two Basic Rounds (Qualification rounds) and the Final Round. In the two Qualification Rounds, each contestant will start the contest with $50,000 Virtual Money and will be clustered into divisions based on their geographical region, in that way, they will only compete with traders from their own region. From each region the Top Earners (10% ratio) will automatically qualify to the Final Round. In addition, the Top 20 earners from each Qualification Round will receive a $50 Trading Bonus.
Round 1
The First Round will start on Thursday 1st of March 2012 at 00:00am and will end on Friday 30th of March 2012 (22 Working Days) at 00:00am when the market closes. Members will be able to register for this round until the 13th of March 2012 (Tuesday). Contestants will start the round with $50,000 Demo Money and the Top traders (10% ratio) of each region will qualify to the Final Round
However, the Top 20 Traders from all regions who qualify to the Final will additionally receive a $50 Trading Bonus as a reward for their effort and trading skills. Those who finished in the Top 20 Traders of all regions and qualified from the First round will not be eligible to enter in the Second qualification round and will automatically progress to the Final stage of the competition. Those contestants who did not qualify will still have the opportunity to do so by registering in the second qualification round.
Round 2
The second qualifying round will last for 21 working days, starting on the 2nd of April 2012 at 00:00am and finishing on the 30th of April 2012 at 00:00am. Members will be able to register for the second round until the 11th of April 2012 (Wednesday). The starting money for the second round will refresh automatically to $50,000 in demo money.
Additionally this round will be a second chance for traders to qualify to the finals as well as for participants that did not get the chance to register at an earlier stage. Like in the first round the top earners (10% ratio) from the second round will hold a position in the Finals. The Top 20 Traders from all regions who qualify to the Final will additionally receive a $50 Trading Bonus as an incentive.
Final Round
All participants that reached the Final Round will start trading with $10,000 in demo money and will have to compete for a period of 10 working days. The final round will start on the 1st of May 2012 and will end on the 11th of May 2012. At the end of the competition the Top Seven earners will receive their cash prizes.
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TAGS: acfx  forex contest  demo contest  forex demo contest 

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