1. Contest duration
The Contest starts at the commencement of trading on June 15th at 08:00 GMT and ends on July 15th at 21:00 GMT (market close).
2. How to participate
To participate in the Contest, each entrant must follow the instructions on (www.myfxbook.com) and create a Contest demo account (“Account”) provided by Andromex. Every entrant is allowed to have one (1) Account only.
Each Account will be locked until the beginning of the Contest and will start with a balance of 100,000 USD in virtual funds (demo). All the accounts are 1:200 leveraged.
3. Contest Eligibility
The Contest is open to individuals who are at least 20 years of age completed at the starting point of the Contest and have reached the age of majority in the jurisdiction of their residence.
NOTE: US residents are eligible to participate in the contest. Nevertheless, they are not eligible to the prizes of the contest. In the event that a US resident wins, the prize will be transferred to the next (eligible) contestant with the highest ending balance.
The total prize fund amount of $7000 is distributed among the 10 winners to the real funded Andromex MT4 Account.
Prize Amounts are as follows
1st Prize: 3050 USD
2nd Prize: 1450 USD
3rd Prize: 950 USD
4th Prize: 500 USD
5th Prize: 250 USD
6th Prize: 200 USD
7th Prize: 200 USD
8th Prize: 200 USD
9th Prize: 100 USD
10th Prize: 100 USD
a. The 10 winners will be eligible to get the prize at the end of the Contest.
b. Employees of Andromex or Myfxbook Ltd, and their family members or persons living in the same house of such employees are not eligible for the contest.
c. The Participant is not allowed to have more than one account with Andromex. In the case of breach of this condition, such winners are not eligible to gain the prize.
d. Each participating demo account will begin with a $100,000 balance and maximum leverage of 1:200. All the accounts will be blocked to trade till the competition begins.
e. Andromex Capital Limited may request to provide the participants real personal data clearly shown (Name, Surname, contact details and e-mail). Failure to provide with the above data will result automatically in disqualification of the participation from the contest.
All participants must provide their true personal data otherwise it may be issue of failure withdrawal.
f. Winners (top 10) will be the participants who are eligible to the contest and present the largest demo account balance at the end of the contest period.
Contest term and prize
Determination of Prize Winners: Subject to the Contest Rules, the 10 winners will be the entrants with the highest Account balance at the end of the Contest.
Winners’ usernames and trading results will be posted on Myfxbook.com on the day the contest is ended.
The prize money will be deposited on the winner’s existing or a new real trading account with Andromex. (Live account with Andromex should be approved by us within 20days from the date of result.)
The funds deposited by Andromex as a prize can only be withdrawn after 15 days from the date of reflection. However the winner must present his personal identification documents, (Passport’s Copy, Proof of Residence; Bank statement or utility Bills Not older than three months)
The trading order should be placed in your account before the date of withdraw.
The prize will be invalid if the winner doesn’t have account with us within 30 days of the date of result.
Prizes are non-transferable and no cash alternative is available. No prize transfer, assignment or substitution by winners is permitted.
The prize will be reflected into the existing account with Andromex Capital Limited.
If the winner is not holding an account then he will required to open Andromex MT4 live account by accessing the link below;
The participant upon registration to the contest agrees to publication of his/her name and demo account trading record by Andromex and Myfxbook during and after the expiration of the contest and the announcement of the relevant results.
Winners agree to participate in promotional events, interviews, public announcements in connection with the Contest.
The participant upon registration to the contests should follow the contest rules and conditions.
Conditions and Limitation of Liability:
Jurisdiction: Entrants agree that this Contest shall be subject to and governed by the laws of New Zealand.
Taxes: Prize winners are solely responsible for any reporting requirements and payment of taxes associated with the Contest or prizes.
Right to Terminate Contest: Andromex Capital Limited reserves the right to delay, suspend or terminate this Contest at any time, without prior notice and without any liability to the participants.
Contents and prizes offered should not be considered as an incentive to trade. Only partake in the trading contests when you feel you ready to trade.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.