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"Gold Whale" – is an every-month contest that allows to combine the usual trading on your account with the competition for a real money prize.
Terms and Conditions
1. Dates of the contest: It starts on June 1, 2023 and ends on June 30, 2023.
2. To participate in the contest you must Open a Live Account or use an existing account that meets the following requirements:
-Account type: MT4.DirectFX or MT4.Classic+;
-Account currency: USD;
-It must be a new account, with no trading history;
-Account must be without active Trading Credits, Welcome Bonus and/or No Deposit Bonus.
-To participate in the contest, the Сlient must replenish account with $100.
3. It is allowed to participate in the contest only with one trading account at the same time. ForexChief has the right to disqualify participants who register and trade with more than one account at the same time.
4. It is allowed to participate in the contest again with another account, but only after removal of all other accounts of the Participant from the contest. It can be done upon request to the Support Team.
5. It is allowed to make deposits and withdrawals to/from the contest account throughout the contest period without any restrictions.
6. It is allowed to trade all availble instruments, use any strategy and Robots/EA.
7. Winning Formula: Return = (Net Profit / Sum of Deposits) x 100
-The winners are those with the highest Return;
-Net Profit stands for Realized and Unrealized Profit and Loss;
-Sum of Deposits stands for the total amount of deposits during the contest period.
8. Winners get the following prize:
-1st place = 1000 USD
-2nd place = 750 USD
-3rd place = 500 USD
-from 4th to 10th place = 250 USD
-from 11th to 20th place = 100 USD
9. A participant is obliged to make at least 10 transactions. The Company reserves the right to disqualify a participant if this condition is not met.
10. It is not allowed to hedge positions opened on the contest account using other trading accounts (opened with ForexChief or other brokers).
11. Attention! By participating in the contest, Participant agrees to the right of the company to exclude him/her from the contest at any time without giving a reason.