Introduction

Alpari contests are an exciting competition, allowing everyone to assay their strength, objectively evaluate the professional skills of other traders, and immerse themselves in the competitive atmosphere of live trading. By participating in our contests you also have the unique chance to win cash prizes!

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  Contest Framework

  Alpari experts have generated a detailed and clear set of rules that allow us to evaluate contest participants as objectively and fairly as possible.

  On the basis of the Traders' Contest framework, an assessment of a participant's trading is carried out by a qualified investor:

  • Change in account balance is not important in this assessment, but rather the change in liquid balance including floating profits or losses;
  • Trading with a low margin is associated with prohibited risks.

  Scoring in the "Formula FX" contest has been simplified and now the only deciding factor is a trader's percentage of profit.

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  Specifics of Contest Execution

  In "Jackpot" and "Crazy Pips", at the moment the daily trading report is formed, the liquid balance is fixed, on the basis of which trading is analyzed. When trading with a low margin, the heightened risk will worsen your overall result. Thus, opening positions with a large volume will prove unprofitable for a trader, as his chances to win decrease when trading with the whole deposit.

  In "Formula FX", the winners are determined simply by the percentage of profit gained in one week.

  In "Virtual Reality", rollover is used to fix the actual daily change in account funds. Every night positions close and open again, fixing an intermediate outcome in the trading report. In such a manner, the detailed trading report will reflect the real change in funds on the account. To optimize the level of risk on the contest demo accounts, we set the maximum leverage at 1:10.

  Addressing the fact that our clients are located in many different time zones, we are holding the "Virtual Reality" contest only based on Forex instruments, as other instruments with abbreviated trading sesssions (not 24 hours) leave participants in different time zones in unfair conditions.

  In "Gold Rush", contest participants can only trade two instruments: Gold and Gold Futures. We also offer special trading conditions unique to "Gold Rush": the minimum initial deposit is 0.1 troy. oz. and the minimum lot is 0.1 of a standard lot! "Percent Profit" is instrumental in the formation of the contest rating.

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  The Rating Calculation

  In calculating the rating for "Jackpot", "Crazy Pips", and "Virtual Reality", we use indexes such as Recovery Factor, Percentage of Profit, Percentage of Maximum Relative Drawdown and Profit Factor. Compliance with rules of money management will also be taken into consideration. The total analysis of this information reflects the trading quality of a participant.

  The simplicity of the "Formula FX" contest lies in that the rating is based only on the percentage of profit.

  The "Gold Rush" rating is based off the "Percent Profit" indicator. There are also two nominations where the winners are determined by the "Percentage of Maximum Relative Drawdown" and "Margin Level".

Our positive experience of holding contests in previous years confirms the effectivity of our rules in practice. Moreover, we keep improving the rules and introducing new contests to make sure we stay on top. We strongly recommend that you familiarize yourself with the rules before registering in a contest since following them (along with trading well) really increases your chances to win the prizes!

You can find the rules of "Jackpot", "Crazy Pips", "Formula FX" and "Virtual Reality" in this section. After reading and agreeing to them, we invite you to register and take part in the contest of your choice.

Alpari's Administration would like to wish the best of luck to all contest participants!