PCM Spring Star
Are you ready for the ultimate face off in Forex Trading?
Are you ready to take the Best Forex Trader challenge?
Are you ready to test your trading skills against other international traders?
MyForexForums in partnership with PCM Brokers as sponsors, brings to you the most awaited Forex Trading competition. Start this spring with a wonderful competition where you can use all your trading experience and skills to compete and make more profit than other competitors. The terms and conditions are kept very simple and easy. Even a Micro account with $500 can participate. The winners get direct cash prizes.
Hurry-up before the registration ends!
Those clients who have already signed up in our trader cabin, just need to click on "Sign In" and then sign in and follow the steps.
Others who haven't already got a trader cabin, just click on "Sign Up".
Following are the Prizes for this competition:
First Prize: $5000
Second Prize: $3000
Third Prize: $1000
Apart from the above main prizes 10 consolatory prizes will be distributed by our sponsor PCM Brokers as 50% bonus on their balance and T-shirts. If you take and send a picture with our T-shirt, you get another $500 in your Trading account.
Terms and conditions
|Minimum Real Deposit
||Dollar 500$ and above
||21 st of March to end of April
|Minimum Criteria for winners
||20% and above net profit at the end of contest on total deposit
||1 month (During May)
|No of winners
||3 Main Winners (5000$, 3000$ and 1000$) and 10 more 50% bonus on their balance
|Profit Calculation Criteria
||Balance (Must close all positions before at the end of competition)
||Less than 18 years old/ more than 1 account per person
||Trading on any account with prior trading history, No Bonus on the competition account
|Treatment of Accounts after Competition
||50% margin bonus for the participants (T & C apply)
|Deposite and withdraw during contest?
||All participants must have 500$ before the start date. Adding to balance during the contest allowed.
|Be in subset of an IB
||Yes. But no rebates for the Ibs on contest trades.
|Expert and Hedge allowed
||500$ fresh deposit. Internal transfers from/to existing accounts not allowed.
|Max. Draw Down
|Min. ROI per month
Max deposit including top-ups during the allowed period = 10000$
Min traded (closed) lots = your initial deposit in Dollars / 200 (If you deposit 500$ you must trade at least 2.5 standard MT4 lots and if you deposit 2000$ you must trade at least 10 MT4 standard lots before the end of the competition) You must close all your positions before the competition ends or you will be disqualified.
Min profit percentage = 20% (to be qualified as a winner your profit percentage should be at least 20% at the end of the competition) Example: I deposit a total of 1000$ during the competition period and at the end I have 1500$. It means my profit percentage is 50%. If I deposit a total of 500$ during the competition period and at the end of the competition I have 800$ it means my profit percentage is 60%. Top-up deposits are acceptable only during the first 3 weeks of the competition.
Max DD < 75% (to be qualified as a winner you should not go more than 75% in loss during the competition)
The winners will be ranked as per the highest profit percentages. (must have a Max DD less than 75% and traded the minimum number of lots)
The Cool Factor = + 0.5% bonus on profit percentage per every 500$ bigger fund (For every 500$ deposit on top of the minimum deposit you get 0.5% added to your profit percentage as a bonus for managing a larger fund at the end of the competition.)
Example: The bigger the fund you manage, the cooler you have to be. We recognize and value this important psychological factor. If you deposited 5000$ during the competition and ended with 6500$ after closing your last position before the end of competition, you have made a 30% profit and because you had a fund size of 500$ * 9 = 4500$ on top of the minimum deposit, you get 0.5% * 9 = 4.5% and we will consider your profit percentage as 34.5% as a bonus to help you be among the winners.
Last edited by Moderator; 03-20-2015 at 07:20 PM.
Post Thanks / Like - 1 Thanks, 0 Likes
Wow! That’s great. Interestingly, I am very attracted to join such kind of trading competition. Because, I like to prove myself for believing my own trading skilled. Though, PCM is a regulated broker that’s way I’m very interested about this big cash prize. It’s time to show my trading skill……….
Post Thanks / Like - 1 Thanks, 0 Likes
I have made a deposit to PCM broker last week after reading broker reviews I will write everything as it happens! I will put in a request for withdrawal after testing and making some money! So everyone stay tuned for updated information!
Last edited by Moderator; 03-07-2017 at 12:01 PM.