Rules for FP Markets Trading Competition

Rules for FP Markets Trading Competition

• FP Markets promotes its “Trading Competition” (“Competition”).
• Competition Period: 1st December 2022 – 31st December 2022 EOD (GMT +3).
• The Competition is available to new clients who open a new trading account or existing clients who register for an additional trading account. 
• Clients must have made a minimum one-time deposit of US$ 500 during the Competition Period to be eligible for the Competition.
• Internal Money Transfers (ITRs) between the Clients’ trading accounts with FP Markets are NOT accepted as part and/or all of the minimum deposit required for the Competition. 
• Application Form for participating in the Competition should be submitted by the clients providing the details requested and clients’ eligibility will be notified via email within one business day upon submission of the form.
• Competition is valid only for lots traded under live MT4 accounts.
• Contest winners will be based on the highest percentage yield return at the end of the contest, open positions will not be considered to the final tally.
• Calculation of Yield = (Final Net Value – Initial Funding) / Peak Funding *100%

• Example: The total deposit is $5,000, the profit is $3,000, and the account equity is $8,000
• Yield = (8,000 – 5,000) / 5000 = 60%

• During the competition, only one contest account is allowed per client. If you lose your equity and wish to compete again, you can continue to open additional trading account to participate in the Competition.
• Deposits are allowed during the Competition; but withdrawals and internal money transfers (ITRs) between Clients’ trading accounts with FP Markets are not allowed and will result in disqualification of the Clients from the Competition. When calculating the yield/ return rate, the deposit amount is the maximum value of the principal. For example, a customer deposits $10,000 and withdraws $1,000. The calculation of yield should be. Based on the principle of $10,000.
• EA and Scalp trading is generally accepted (Refer to abusive trading policy for further clarification).
• Hyperactive accounts that disrupt the server will not be allowed.
• FP Markets reserves the right to disqualify anyone that engages in misconduct and abusive trading practices.
• Abusive Trading shall mean the following actions, but not limited to, pip-hunting, scalping, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Trading Platform, a combination of faster/slower feeds, use of any robots, spiders or other automated data entry system with the Trading Platform (unless the Client receives express written consent by the Company prior to activating the robot), violation of the Client’s obligations under paragraph 2 of the Appendix.
• Clients registered under our CySEC and Australian regulated entities will not be allowed to participate.
• FP Markets reserves the right to change, suspend or terminate this promotion at any time without prior notice.
• In case of any disputes, FP Markets reserves the right of final decision on the eligibility and/or ranking of any participant.