The Rules of the Contest Series “Formula - FX”

Contest time

The contest “Formula-FX” takes place each week. The contest begins at 3:00 on Monday and ends at 1:00 on Saturday. Carrying out the trading transactions is allowed till 21:00 Friday. The time is pointed out according to the Northern Time Zone (GMT 00).

Terms and Conditions

Each person can take part in the contest “Formula-FX”. All you need is to fill in the registration form. . Participation requests are accepted till 23:59 of each Sunday byserver timebefore the day contest begins.

A demo-account for 1000USD is opened for each participant.

Attention: ПWhile filling in the fields of the registration form you have to write your real personal data. In case of winning the personal information of the winner will be requested, which will be compared with the information in the request form. A strict data verification is called for struggle against extra charges and repeated registrations.

The Contest Rules

1. The contest winners will become those who will have the highest rating.
2. Each participant can have only one trading account.
3. Transactions on the contest accounts can be carried out from the contest beginning till its finish. The types of contracts available for purchasing are intrarday.
4. There are no limitations on the quantity of simultaneously opened items. .
5. There are no also limitations on the volume of carried out transactions. But any attempts to work with two accounts simultaneously will disqualify the participant.
6. Additional conditions: each participant recognizes the right of the company to publish transactions statement on his trading account to a common access right after contest end.

Rating Calculation

1. After the first day of the contest at 1:00 on Tuesday the balances on all accounts become fixed. The rating of each participant equals to the balance on his account.
2) After the second day the rating of each participant is raised according to the size of balance at the time 1:00 Wednesday.
3) After the third day the rating of each participant is raised according to the size of balance at the time1:00 Thursday.
4) After the fourth day the rating of each participant is raised according to the size of balance at the time 1:00 Friday.
5) After the fifth day the rating of each participant is raised according to the size of balance at the time 1:00 Saturday.
The time is pointed atthe server timezone (GMT 00).

Sample: If at 1:00 on Tuesday there were 600 USD on the balance of the participant, at 1:00 on Wednesday – 900USD, at 1:00 on Thursday – 1300 USD, at 1:00 on Friday – 1100 USD, at the time 1:00 on Saturday – 1400USD, then his total rating will be:
600 +
600 + 900 +
600 + 900 + 1300 +
600 + 900 + 1300 + 1100 +
600 + 900 + 1300 + 1100 + 1400 =
= 14100

The Winner Prizes

The prizes will be distributed among the winners in the following way:

• The first place – 300 USD
• The second place – 250 USD
• The third place – 200 USD
• The forth place – 150 USD
• The fifth place – 100 USD

The main prize for the first place is not allowed for taking off, however the profit gained above the prize sum can be taken off without any limitations. All the consolatory prizes are available for taking off the accounts.

Prize Receiving

The prize sum is extra charged on the separate real trading account.

If you don’t have a trading account in Corsa Capital Company you will need to pass a standard procedure for setting up an account.

When the account will be created it will be replenished with the sum of the prize.

Register for the contest