Terms and conditions

READ THE FOLLOWING TERMS AND CONDITIONS (the “T&C”) CAREFULLY AS THEY CONTAIN IMPORTANT INFORMATION ABOUT YOUR RIGHTS AND OBLIGATIONS IN RELATIONS WITH DUKASCOPY

Contest Philosophy

Before starting trading in the Contest it is recommended to read the Philosophy of the Contest. To win the Trader contest a participant needs to achieve the following goals:

  1. To reach the maximum profit within 1 month with the maximum loss limit of 100’000 USD.
  2. To attract other traders to copy trades generated by the contestant’s trading strategies by showing them outstanding quality of trading.
Additionally Dukascopy expects from participants:
  1. To show long-term consistent trading results (6 and 12 months respective).
  2. To explain the idea of the trading strategy and the decision behind each action to other traders.

The Trader Contest should be considered as trading within the monthly limit of 100,000 US dollars renewable each month. The loss of all funds during the contest month should be considered as loss of monthly limit rather than loss of all funds on regular trading account.

One of the contest’s goals is to attract other traders to copy participant’s trades. Number of subscribers is an important factor to win the prize.

Participating in the Trader contest automatically means participating in the Signal Provider Grand Prix with additional prizes! Each month five traders with the highest average profitability in six-month and/or 12-month nomination will compete for additional money prizes. Moreover, the best trader in the 12-month nomination will be awarded a 2,000 USD money prize and the title of the Trader of the Year. Keep in mind that the long term contest (Grand Prix) is based on the two criteria – your equity growth and draw-down.

Scalping and using high leverage are not welcome in the Contest. The set of rules was introduced to encourage predictability, explanations and the ability to reproduce (copy) the trades of the contestants. To ensure this, the rules of the contest contain specific trading conditions and restrictions. Also, one of the main ideas of the rules is to reduce possible cheating.

The Trader Contest is the place where all participants can promote themselves as traders and become popular. Trade, win, create a track record and use it to present yourself. Trader contest is a great place to make a trading career!

Contest Model

Dukascopy Trader Contest (the "Contest") is a forex competition between participants using DEMO accounts for manual trading only (the "Participants"). Any forms of automated trading are forbidden. Several trading limitations are designed to make the competition more fair and analytical.

Participants are expected to keep a register of their trading activity: write blog posts about their deals, trading methods, expectations, thoughts behind the deals, trading plans and other related to the Participant’s trading information. Plagiarism is strictly forbidden. The amount of the quoted text must correspond with the purpose of citing.

The posts of each participant are displayed in “Trader's blog” section on his contest page and also in Community Blog and are tagged “Trader's blog”. The quality and accuracy of these records will be beneficial for obtaining more blog points from Contest’s moderator.

Final ranking of participant represents the sum of points for pure trading performance, copied volume by the signal subscribers, quality of orders and the points for Trader's blog.

Despite the fact the Trader contest leaders table will show participants with less than 60% max draw-down for the current month the traders with higher draw-down can also claim prizes.

The Contest is conducted regularly on a monthly basis. The total prize fund is 28,000$ to be shared among the winners.

Registration Rules

  1. The Contest is held by Dukascopy ('Dukascopy') on DEMO accounts for manually trading on a regular monthly basis.
  2. For each respective month, registration opens on the 25th day of the previous month and remains available until the 25th day of that month. For example, registration for January 2011 is opened from 25.12.2010 till 25.01.2011
  3. Only persons aged 18 or over are eligible to apply for a registration in the Contest.
  4. Participants agree to provide true information during registration. If a Participant becomes eligible for any prize, information provided during his/her registration will be used for the opening of a live account with Dukascopy in the name of that Participant. In case of information being false, inaccurate or incomplete, Dukascopy may declare the participation in the Contest void at any time and at its sole discretion.
  5. Participant must register under a unique 'Nickname' which can not be used by any third person in the future. Among other, multiple registrations and/or use of proxy servers may result in the relevant Participant's disqualification.
  6. Participants shall acknowledge and agree that their trading history, any picture, personal data, and any other information posted on Dukascopy's Traders Blog are accessible to the public and that Dukascopy does not ensure any confidentiality in this respect whether or not participants already have a live account open with Dukascopy or intend / need to open such live account. Consequently, participants shall waive expressly the benefit of Swiss Banking Secrecy and release Dukascopy from any liability in that respect in the frame of the Trader Contest / Traders Blog.
  7. Participants shall acknowledge and accept that, in case they are awarded with a prize by Dukascopy, they may be asked to participate in promotional events, interviews, public announcements in connection with the Contest and that Dukascopy may make use of their names, trading history and references. Consequently, participants shall waive expressly the benefit of Swiss Banking Secrecy and release Dukascopy from any liability in that respect.
  8. Participants further acknowledge and agree that should they refuse Dukascopy's request to participate in above-mentioned promotional events, Dukascopy has the right to disqualify such participants and to give the respective prize to other participants.
  9. It is forbidden to use any kind of links in the profile pictures. Any sort of advertisement, restricted sensible content is also not allowed. Dukascopy reserves the right to delete the avatar upon detection of this rule's violation.
  10. Login names containing any trademarks of Dukascopy or its products are not allowed. Words like 'Dukascopy', 'SWFX', 'JForex' and other brand names associated with Dukascopy are forbidden.

Trading Rules

  1. Contest accounts are registered with an initial deposit of USD 100,000.
  2. Trading can be performed using the Java, Android and iPhone/iPad/iPod platforms (no trading possible via web-platform).
  3. The minimum and maximum order size is 100,000 and 5,000,000 currency units respectively.
  4. Only 5 instruments can be opened simultaneously by a Participant.
  5. Only 1 position could be opened at any instrument (if there is already an entry order, there is no possibility to open a market order and vice versa).
  6. The total amount of positions opened during the Contest by one Participant must be at least 10. At the end of the Contest all open positions will be automatically closed 1 hour prior to the settlement.
  7. All positions must have Take Profit (TP) and Stop Loss (SL) orders assigned.
  8. Take profit and Stop Loss levels should not exceed 2% from the opening price for EUR/USD. Limits for the rest instruments recalculating each settlement according to "Pip Conversion Schedule". E.g. Limits for AUD/JPY=(EUR/USD Points/AUD/JPY Points)*2%=1/1.74*2=1.15%; for EUR/NOK=(EUR/USD Points/EUR/NOK Points)*2%=1/0.17*2=11.76%, etc.
  9. TP, SL levels can not initially be set closer than 5 pips either to market price, or to entry price.
  10. It is forbidden to cancel already set SLs and TPs.
  11. All contest trading accounts are subject to the same margin requirements and policies as regular demo accounts. This includes the application of end-of-week leverage (1:30) each Friday, at 18:00 GMT.
Pip Conversion Schedule (by last settlement)
Instrument Rate 1 pip value
$/1Mio$
Points
ADA/USD 0.5850 17094 201.49
AED/CNH 1.9489 51 0.6
AED/CZK 5.7131 175 2.06
AED/HKD 2.1373 47 0.55
AED/HUF 92.3695 108 1.28
AED/JPY 39.22 255 3.01
AED/MXN 5.1045 20 0.23
AED/RON 1.1728 85 1.01
AED/SAR 1.0213 98 1.15
AED/THB 8.8475 1130 13.32
AED/TRY 10.8521 9 0.11
AED/ZAR 4.8216 21 0.24
AUD/AED 2.4170 41 0.49
AUD/CAD 0.8952 112 1.32
AUD/CHF 0.5219 192 2.26
AUD/CNH 4.7097 21 0.25
AUD/CZK 13.8095 72 0.85
AUD/DKK 4.1659 24 0.28
AUD/HKD 5.1635 19 0.23
AUD/HUF 223.0250 45 0.53
AUD/ILS 2.2175 45 0.53
AUD/JPY 94.77 106 1.24
AUD/MXN 12.3342 8 0.1
AUD/NOK 6.6303 15 0.18
AUD/NZD 1.0793 93 1.09
AUD/PLN 2.3696 42 0.5
AUD/RON 2.8342 35 0.42
AUD/SAR 2.4674 41 0.48
AUD/SEK 6.2208 16 0.19
AUD/SGD 0.8369 119 1.41
AUD/THB 21.3480 468 5.52
AUD/TRY 26.1941 4 0.05
AUD/USD 0.6579 152 1.79
AUD/ZAR 11.6568 9 0.1
AVE/USD 280.4425 36 0.42
BAT/USD 0.1290 775 9.14
BCH/CHF 408.6500 2447 28.84
BCH/EUR 437.2000 2287 26.96
BCH/GBP 375.0500 2666 31.43
BCH/USD 515.2000 1941 22.88
BTC/CHF 85 368.4500 12 0.14
BTC/EUR 91 309.3000 11 0.13
BTC/GBP 78 358.5000 13 0.15
BTC/USD 107 611.8000 9 0.11
CAD/AED 2.6989 37 0.44
CAD/CHF 0.5828 172 2.02
CAD/CNH 5.2603 19 0.22
CAD/CZK 15.4167 65 0.76
CAD/DKK 4.6521 21 0.25
CAD/HKD 5.7688 17 0.2
CAD/HUF 249.0965 40 0.47
CAD/ILS 2.4763 40 0.48
CAD/JPY 105.85 94 1.11
CAD/MXN 13.7754 7 0.09
CAD/NOK 7.4031 14 0.16
CAD/PLN 2.6469 38 0.45
CAD/RON 3.1652 32 0.37
CAD/SAR 2.7561 36 0.43
CAD/SEK 6.9494 14 0.17
CAD/SGD 0.9346 107 1.26
CAD/THB 23.8210 420 4.95
CAD/TRY 29.2666 3 0.04
CAD/USD 0.7349 14 0.16
CAD/ZAR 13.0191 8 0.09
CHF/AED 4.6309 22 0.25
CHF/CNH 9.0258 11 0.13
CHF/CZK 26.4520 38 0.45
CHF/DKK 7.9816 13 0.15
CHF/EUR 1.0698 93 1.1
CHF/HKD 9.8994 10 0.12
CHF/HUF 427.3990 23 0.28
CHF/ILS 4.2492 24 0.28
CHF/JPY 181.61 55 0.65
CHF/MXN 23.6349 4 0.05
CHF/NOK 12.7036 8 0.09
CHF/PLN 4.5418 22 0.26
CHF/RON 5.4307 18 0.22
CHF/SAR 4.7290 21 0.25
CHF/SEK 11.9248 8 0.1
CHF/SGD 1.6039 62 0.73
CHF/THB 40.9435 244 2.88
CHF/TRY 50.2466 2 0.02
CHF/USD 1.2609 8 0.09
CHF/ZAR 22.3373 4 0.05
CMP/USD 44.8100 2232 26.31
CNH/CZK 2.9312 341 4.02
CNH/HKD 1.0968 91 1.07
CNH/HUF 47.3945 211 2.49
CNH/JPY 20.13 497 5.86
CNH/MXN 2.6196 38 0.45
CNH/THB 4.5385 2203 25.97
CNH/TRY 5.5732 18 0.21
CNH/ZAR 2.4753 40 0.48
CZK/HUF 16.1577 62 0.73
CZK/JPY 6.87 146 1.72
CZK/THB 1.5461 6 0.08
CZK/TRY 1.8995 5 0.06
DGE/USD 0.1670 59880 705.83
DKK/AED 0.5803 172 2.03
DKK/AUD 0.2400 42 0.49
DKK/CNH 1.1309 88 1.04
DKK/CZK 3.3144 302 3.56
DKK/HKD 1.2402 81 0.95
DKK/HUF 53.5525 187 2.2
DKK/ILS 0.5324 188 2.21
DKK/JPY 22.75 4 0.05
DKK/MXN 2.9621 34 0.4
DKK/RON 0.6805 147 1.73
DKK/SAR 0.5926 169 1.99
DKK/THB 5.1250 1951 23
DKK/TRY 6.2936 16 0.19
DKK/ZAR 2.7978 36 0.42
DSH/USD 20.0960 498 5.87
ENJ/USD 0.2115 47281 557.32
EOS/USD 0.4944 2023 23.84
ETC/USD 16.6500 6006 70.79
ETH/CHF 1 986.1000 503 5.93
ETH/EUR 2 124.3000 471 5.55
ETH/GBP 1 823.1000 549 6.47
ETH/USD 2 503.6500 399 4.71
EUR/AED 4.3295 23 0.27
EUR/AUD 1.7912 56 0.66
EUR/CAD 1.6040 62 0.73
EUR/CHF 0.9347 107 1.26
EUR/CNH 8.4375 12 0.14
EUR/CZK 24.7278 40 0.48
EUR/DKK 7.4606 13 0.16
EUR/GBP 0.8584 116 1.37
EUR/HKD 9.2521 11 0.13
EUR/HUF 399.5410 25 0.3
EUR/ILS 3.9722 25 0.3
EUR/JPY 169.76 59 0.69
EUR/MXN 22.0945 5 0.05
EUR/NOK 11.8755 8 0.1
EUR/NZD 1.9338 52 0.61
EUR/PLN 4.2448 24 0.28
EUR/RON 5.0768 20 0.23
EUR/SAR 4.4212 23 0.27
EUR/SEK 11.1475 9 0.11
EUR/SGD 1.4991 67 0.79
EUR/THB 38.2325 262 3.08
EUR/TRY 46.9567 2 0.03
EUR/USD 1.1787 85 1
EUR/ZAR 20.8824 5 0.06
GBP/AED 5.0443 20 0.23
GBP/AUD 2.0869 48 0.56
GBP/CAD 1.8689 54 0.63
GBP/CHF 1.0892 92 1.08
GBP/CNH 9.8291 10 0.12
GBP/CZK 28.8104 35 0.41
GBP/DKK 8.6916 12 0.14
GBP/HKD 10.7800 9 0.11
GBP/HUF 465.5075 21 0.25
GBP/ILS 4.6278 22 0.25
GBP/JPY 197.80 51 0.6
GBP/MXN 25.7477 4 0.05
GBP/NOK 13.8360 7 0.09
GBP/NZD 2.2525 44 0.52
GBP/PLN 4.9464 20 0.24
GBP/RON 5.9149 17 0.2
GBP/SAR 5.1511 19 0.23
GBP/SEK 12.9886 8 0.09
GBP/SGD 1.7463 57 0.67
GBP/THB 44.5465 224 2.65
GBP/TRY 54.7192 2 0.02
GBP/USD 1.3733 73 0.86
GBP/ZAR 24.3213 4 0.05
HKD/CZK 2.6725 374 4.41
HKD/HUF 43.1840 232 2.73
HKD/JPY 18.35 5 0.06
HKD/MXN 2.3886 42 0.49
HKD/THB 4.1395 2416 28.48
HKD/TRY 5.0811 20 0.23
HKD/ZAR 2.2562 44 0.52
ILS/AED 1.0898 92 1.08
ILS/CNH 2.1240 47 0.55
ILS/CZK 6.2255 161 1.89
ILS/HKD 2.3295 43 0.51
ILS/HUF 100.7205 99 1.17
ILS/JPY 42.75 234 2.76
ILS/MXN 5.5634 18 0.21
ILS/RON 1.2781 78 0.92
ILS/SAR 1.1129 90 1.06
ILS/THB 9.6360 1038 12.23
ILS/TRY 11.8263 8 0.1
ILS/ZAR 5.2535 19 0.22
IOT/USD 0.1610 62112 732.13
JPY/HUF 2.35 42 0.5
LNK/USD 13.5600 737 8.69
LTC/CHF 68.6000 14577 171.83
LTC/EUR 73.4000 13624 160.59
LTC/GBP 62.9500 15886 187.25
LTC/USD 86.5000 11561 136.27
MAN/USD 0.2535 39448 464.98
MAT/USD 0.1915 52219 615.53
MKR/USD 1 957.7900 51 0.6
MXN/CHF 0.0423 236 2.79
MXN/CZK 1.1191 9 0.11
MXN/HUF 18.0769 55 0.65
MXN/JPY 7.69 13 0.15
MXN/THB 1.7300 6 0.07
MXN/TRY 2.1257 47 0.55
NEO/USD 5.5200 18116 213.54
NOK/AED 0.3645 274 3.23
NOK/CNH 0.7103 141 1.66
NOK/CZK 2.0825 480 5.66
NOK/DKK 0.6283 159 1.88
NOK/HKD 0.7791 128 1.51
NOK/HUF 33.6415 297 3.5
NOK/ILS 0.3344 299 3.52
NOK/JPY 14.29 7 0.08
NOK/MXN 1.8606 54 0.63
NOK/RON 0.4274 234 2.76
NOK/SAR 0.3722 269 3.17
NOK/SEK 0.9387 107 1.26
NOK/THB 3.2210 3105 36.6
NOK/TRY 3.9549 25 0.3
NOK/ZAR 1.7573 57 0.67
NZD/AED 2.2391 45 0.53
NZD/AUD 0.9265 11 0.13
NZD/CAD 0.8294 121 1.42
NZD/CHF 0.4834 207 2.44
NZD/CNH 4.3631 23 0.27
NZD/CZK 12.7875 78 0.92
NZD/DKK 3.8582 26 0.31
NZD/HKD 4.7850 2090 24.63
NZD/HUF 206.6220 48 0.57
NZD/ILS 2.0544 49 0.57
NZD/JPY 87.79 114 1.34
NZD/MXN 11.4262 9 0.1
NZD/NOK 6.1410 16 0.19
NZD/PLN 2.1955 46 0.54
NZD/RON 2.6257 38 0.45
NZD/SAR 2.2863 44 0.52
NZD/SEK 5.7650 17 0.2
NZD/SGD 0.7751 129 1.52
NZD/THB 19.7765 506 5.96
NZD/TRY 24.2977 4 0.05
NZD/USD 0.6096 164 1.93
NZD/ZAR 10.7991 9 0.11
PLN/AED 1.0196 98 1.16
PLN/CNH 1.9866 50 0.59
PLN/CZK 5.8245 172 2.02
PLN/DKK 1.7576 57 0.67
PLN/HKD 2.1795 46 0.54
PLN/HUF 94.1085 106 1.25
PLN/ILS 0.9356 107 1.26
PLN/JPY 39.99 250 2.95
PLN/MXN 5.2035 19 0.23
PLN/NOK 2.7972 36 0.42
PLN/RON 1.1957 84 0.99
PLN/SAR 1.0412 96 1.13
PLN/SEK 2.6257 38 0.45
PLN/THB 9.0031 11 0.13
PLN/TRY 11.0612 9 0.11
PLN/ZAR 4.9194 20 0.24
RON/CNH 1.6617 60 0.71
RON/CZK 4.8713 205 2.42
RON/HKD 1.8225 55 0.65
RON/HUF 78.7065 127 1.5
RON/JPY 33.45 299 3.52
RON/MXN 4.3529 23 0.27
RON/THB 7.5305 1328 15.65
RON/TRY 9.2531 11 0.13
RON/ZAR 4.1120 24 0.29
SAR/CNH 1.9085 52 0.62
SAR/CZK 5.5942 179 2.11
SAR/HKD 2.0930 48 0.56
SAR/HUF 90.4490 111 1.3
SAR/JPY 38.40 260 3.07
SAR/MXN 4.9984 20 0.24
SAR/RON 1.1484 87 1.03
SAR/THB 8.6635 1154 13.61
SAR/TRY 10.6265 9 0.11
SAR/ZAR 4.7242 21 0.25
SEK/AED 0.3882 258 3.04
SEK/CNH 0.7568 132 1.56
SEK/CZK 2.2181 451 5.31
SEK/DKK 0.6693 149 1.76
SEK/HKD 0.8301 120 1.42
SEK/HUF 35.8380 279 3.29
SEK/ILS 0.3563 281 3.31
SEK/JPY 15.23 7 0.08
SEK/MXN 1.9820 50 0.59
SEK/RON 0.4554 220 2.59
SEK/SAR 0.3965 252 2.97
SEK/THB 3.4285 2917 34.38
SEK/TRY 4.2141 24 0.28
SEK/ZAR 1.8724 53 0.63
SGD/AED 2.8887 35 0.41
SGD/CNH 5.6293 18 0.21
SGD/CZK 16.4973 61 0.71
SGD/DKK 4.9766 20 0.24
SGD/HKD 6.1736 16 0.19
SGD/HUF 266.5750 38 0.44
SGD/ILS 2.6507 38 0.44
SGD/JPY 113.28 88 1.04
SGD/MXN 14.7444 7 0.08
SGD/NOK 7.9227 13 0.15
SGD/PLN 2.8316 35 0.42
SGD/RON 3.3878 30 0.35
SGD/SAR 2.9499 34 0.4
SGD/SEK 7.4355 13 0.16
SGD/THB 25.5385 392 4.62
SGD/TRY 31.3478 3 0.04
SGD/ZAR 13.9332 7 0.08
THB/HUF 10.4539 10 0.11
THB/JPY 4.44 23 0.27
TRX/USD 0.2798 357 4.21
TRY/AUD 0.0382 262 3.09
TRY/HUF 8.5110 1175 13.85
TRY/JPY 3.61 2767 32.62
TRY/SEK 0.2373 421 4.97
TRY/THB 0.8152 123 1.45
UNI/USD 7.2185 1385 16.33
USD/AED 3.6724 27 0.32
USD/AUD 1.5200 7 0.08
USD/CAD 1.3608 73 0.87
USD/CHF 0.7931 126 1.49
USD/CNH 7.1573 14 0.16
USD/CZK 20.9799 48 0.56
USD/DKK 6.3294 16 0.19
USD/EUR 0.8484 12 0.14
USD/GBP 0.7282 14 0.16
USD/HKD 7.8499 13 0.15
USD/HUF 339.2440 29 0.35
USD/ILS 3.3698 30 0.35
USD/JPY 144.05 69 0.82
USD/MXN 18.7454 5 0.06
USD/NOK 10.0763 10 0.12
USD/NZD 1.6405 61 0.72
USD/PLN 3.6018 28 0.33
USD/RON 4.3070 23 0.27
USD/SAR 3.7503 27 0.31
USD/SEK 9.4595 11 0.12
USD/SGD 1.2715 79 0.93
USD/THB 32.4946 31 0.36
USD/TRY 39.8138 3 0.03
USD/ZAR 17.7256 6 0.07
UST/CHF 0.7994 125 1.47
UST/EUR 0.8533 117 1.38
UST/GBP 0.7300 137 1.61
UST/USD 1.0001 100 1.18
XLM/CHF 0.1913 523 6.16
XLM/EUR 0.2046 489 5.76
XLM/GBP 0.1756 569 6.71
XLM/USD 0.2412 415 4.89
XMR/USD 183.5400 54 0.64
XRP/USD 2.2960 4355 51.34
XTZ/USD 1.2200 81967 966.18
YFI/USD 5 155.4500 194 2.29
ZAR/CZK 1.1849 844 9.95
ZAR/HUF 19.1620 522 6.15
ZAR/JPY 8.12 1231 14.51
ZAR/MXN 1.0581 95 1.11
ZAR/THB 1.8335 5454 64.29
ZAR/TRY 2.2503 44 0.52

Key Limitations

  1. Every Participant should have only one unique nickname and email linked with his/her personal details, which will be used for the account opening with Dukascopy in case of awarding of a Contest prize.
  2. Only Participants who have a positive balance more than 100,000 may claim to be awarded by any of the prizes.
  3. Trader’s blog posts should not be shorter than 50 words and may be written in any language. In case post contains picture or chart the limitation lowers to 20 words.
  4. Use of offensive or abusive language may cause disqualification from Dukascopy Community and Contest.
  5. Official results of every month will be published during 2 weeks.
  6. Dukascopy reserves the right to set a 1-day ban to any contest participant or community user in case of continuous breaches of contest rules. A permanent disqualification can be applied if a serious violation is detected.

Ranking Calculation Rules

Each month, the score table is formed on the basis of 4 criteria, with a maximum total score of 303-306 points:

  1. Performance - real increase of capital. Maximum - 200 points.

  2. Signal subscribers - nomination consists of 2 components:

    • DEMO - cumulative traded volumes copied by the DEMO signal subscribers active in Social Trading contest are taken into account. Restriction: the copied volume is counted if signal subscriber has subscribed to at least 5 providers. Maximum 15 points.
    • LIVE - cumulative traded volumes copied by the LIVE signal subscribers are taken into account. Maximum 10 points.

  3. Orders quality - volume-weighted share of trades made with conditional orders. It is calculated as a ratio of the traded volume made with conditional orders to the total traded volume. Conditional orders include pending Entry orders, SL and TP orders. Maximum – 50 points.
  4. Trader’s blog - The score entered by a moderator for the quality and accuracy of the posts with "Trader's blog" tag. Maximum 28-31 points (depends on the number of days in the current month).

According to the places in nomination 'Performance' ,the Participants will gain points from 200 till 1 in the following sequence: (1) 200, (2) 180, (3) 170, (4) 165, (5) 160, (6) 159, (7) 158, ... (164) 1.

For 'Signal subscribers' points are assigned linearly.

  • DEMO: (1) 15, (2) 14, (3) 13, ... (15) 1.
  • LIVE: (1) 10, (2) 9, (3) 8, ... (10) 1.

The 'Order's quality' evaluation is obtained from the volume-weighted share of trades made with conditional orders. The percentage of such trades is then multiplied by the maximum score – 50 points. E.g. 90% of conditional volumes – 45 points, 50% - 25 points, etc.

Moderators are checking the Trader's blog for all participants, that shall not post more than 1 time per day. 1 post per 1 day is counted and the maximum points depend on the number of days in the particular month. The Contest moderator decides whether to assign points for the posts or not. Posting of spam, senseless posts, plagiarism and over-citing will be punished by assigning -1 point for each post. The rule “1 post per 1 day is counted” is not applied for spam-posts.

Please notice: At equal quantity of points, the preference will be given to the trader with the latest date of registration in the Contest.


Only Participants with real positive increase of capital can be treated as Contest nominees.
The winners with higher than 60% of max draw-down can also claim prizes.

Prizes and Awarding Rules

  1. The total prize pool of USD 28,000 is distributed among 30 winners of the Contest in the following manner:
    • 1st place and nomination 'The Trader of the Month' - 6,000 USD.
    • 2nd place - 3,500 USD
    • 3rd place - 2,500 USD
    • 4th place - 2,000 USD
    • 5th-6th place - 1,500 USD
    • 7th-10th places - 1,000 USD
    • 11th-20th places - 500 USD
    • 21st-30th places - 200 USD
  2. The contest winners may withdraw their cash prizes and the profits generated from their cash prizes on their respective sub-accounts after meeting the minimum turnover requirement. The minimum turnover requirement constitutes 2.5 million USD for every 100 USD won in the contest.:
    • 1st place - 150 million USD
    • 2nd place - 87.5 million USD
    • 3rd place - 62.5 million USD
    • 4th place - 50 million USD
    • 5th-6th place - 37.5 million USD
    • 7th-10th places - 25 million USD
    • 11th-20th places - 12.5 million USD
    • 21th-30th places - 5 million USD
  3. Participants are allowed to withdraw funds in full only when there are no blocked prizes on the account. Profit can only be withdrawn when there are no blocked prizes on the account.

    If there are both blocked and unblocked prizes:
    • participants are only allowed to withdraw the sum of unblocked prizes;
    • only the positive difference between equity and sum of blocked funds can be withdrawn;
    • the sum of withdrawn funds can't exceed the sum of unblocked funds.
  4. Top-3 position winners are required to take part in one broadcast of Dukascopy Community TV. Broadcasts are open-format and Participants have the opportunity of presenting the trading strategies and principles that lead them to success in the particular contest, taking part in the discussion of one of the open discussion of the Live TV or suggesting another topic of their interest related to Forex/Economics/Trading psychology etc.

    The broadcast is to be carried within one calendar month after the end of the contest month. Dukascopy representatives will be in contact with every of the winners to appoint a commonly convenient time for the broadcast.

    The only device Participants need to take part in the web-broadcast is a microphone and a web-cam. Broadcasts are held in English. Cases when the prize winner does not master English at a sufficient level will be solved on an individual basis: either by outsourcing an interpreter or via other individual solutions.
  5. If Participant does not have a live account with Dukascopy, then he/she should proceed to the live account opening procedure in a regular way. If Participant does not comply with live account opening requirements, Dukascopy reserves the right to cancel the cash prize.
  6. Cash prizes may be credited only to a live sub-account open with Dukascopy in the name of the relevant Participant.
  7. LIVE accounts which are credited with prize money are considered LIVE Prize accounts. LIVE Prize accounts can be credited only with cash prize money. Clients are not allowed crediting their own funds on this type of account.
  8. Prizes may only be credited to sub-accounts which are not linked to any Business Introducer. If needed, Dukascopy opens new sub-accounts not linked to the Participants’ Business Introducers, if any, and credit the prize(s) on such new sub-accounts.
  9. If a Participant already has a Live account but has not yet any open sub-account, Dukascopy opens a sub-account in the Participant’s reference currency and credits the prize(s) on this sub-account.
  10. Save contrary and valid preliminary written instruction of the Participant, Dukascopy converts the prize(s) into the currency of the sub-account on which the prize(s) shall be credited in application of the present “Prizes and Awarding Rules”. Such conversion is subject to fees as per the fee schedule posted on Dukascopy’s website.
  11. In case of Participant's refusal to participate in promotional events, interviews, public announcements in connection with the Contest, Dukascopy has the right to disqualify such Participant and give the respective prize to another Participant.

Fair Play

  1. Participants acknowledge and agree to make efforts to respect the principles of Fair Play.
  2. Participants must refrain from any dishonest and unfair conduct even if these activities are not fully described within the framework of the Contest rules.
  3. Such activities include, but are not limited to:
    • Registration of persons that are directly or indirectly related to other Participant
    • Various team tactics that include consolidation of Participants into a group with a purpose to get a statistical advantage on one of the accounts
    • Trading in opposite directions within one or more accounts
    • Spamming in private messages and comments
    • Any kind of manipulations with Orders quality points and other statistics
    • Other activities used to get an unfair advantage over other Participants

6/12 Statistiche per Signal Provider Grand Prix

  1. Total pip-points gained – The number of pip-points (EUR/USD pips equivalent) scored during the given statistical period.
  2. Avg. pip-points outcome from all positions – The average number of EUR/USD pips equivalent points gained/lost on all positions opened during the given statistical period.
  3. Most profitable trade – The number of EUR/USD pips equivalent points gained on the most profitable position opened during the given statistical period.
  4. Worst trade - The number of EUR/USD pips equivalent points lost on the most detrimental position opened during the given statistical period.
  5. Avg. pip-points gain on positive positions - The average number of EUR/USD pips equivalent points gained on all positive positions opened during the given statistical period.
  6. Avg. pip-points lost on negative positions - The average number of EUR/USD pips equivalent points lost on all negative positions opened during the given statistical period.
  7. Number of trades – Total number of trades conducted during the given statistical period.
  8. Avg. position size (USD) – The average size of a position opened during the given statistical period, in USD.
  9. Avg. trade time – The average duration of all positions opened during the given statistical period. From opening to closure.
  10. Maximum drawdown (%) – Maximum equity's depreciation, calculated as the percentage between the highest equity value and the lowest one during the given statistical period.
  11. Number of drawdowns – Total number of consecutive equity contractions during the given statistical period.
  12. Volume-weighted share of trades conducted with conditional orders – calculated as a ratio of the Traded volume made with conditional orders to the Total traded volume. These include entry pending orders, Stop-Loss and Take-Profit orders.
  13. Win/Loss ratio – Ratio of positive vs. negative positions opened during the given statistical period.

Charts

  1. Cumulative Profit/Loss dynamics - The chart is based on the continuous sum of periodic profits & losses. Starts from zero although traders actually start their trading with an initial deposit of 100,000 USD every month.
  2. Contest standings – Current rank of the trader in the respective period’s (1 month, 6 month or 1 year) standings of the Trader contest.
  3. Performance – Historical profit & loss results along a selected statistical period. Shown in pip points (EUR/USD pips equivalent).
  4. Traded volumes – Volumes traded historically during a selected statistical period. Shown in USD.
  5. Instruments – Distribution of instruments the trader uses for trading.

Other rules and policies

  1. Dukascopy reserves the right to use any kind of information posted by Participants within the framework of the Contest for its own purposes without prior coordination and approval from the authors. These purposes may include any kind of promotional activities or publicity campaigns, statistics collection etc.
  2. Dukascopy reserves the right to disqualify a Participant, to change the Contest rules, requirements and awards, without prior notice and at any time and at its sole discretion.

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