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Dukascopy Community is developing, and every month there is something new! As you might have noticed, two new contests were introduced during the last six months (Dukat Contest and DSO Contest) with the yearly prize fund of 272 thousand dollars.
It was decided not to settle on this, and starting from July, Community yearly prize fund will be increased by 1/3 - from 1.6 to 2.1 million dollars! This will affect both the prize amounts and the number of winning places in some contests. And the turnover requirements will only be bumped by 25% (from 2 to 2.5 million dollars for 100 dollars won).
There will be certain changes in the Trader Contest and Signal Provider Grand-Prix. Starting from July, the Trader contest leaders table will only show participants with less than 60% of maximum drawdown for the current month. Nevertheless, traders with higher drawdown can also claim prizes.
In the Signal Provider Grand-Prix, traders will also be filtered by the average maximum drawdown during 6 or 12 last trading months. Prizes will only be available for traders whose average maximum drawdown does not exceed 60%. Along with these changes, there are also a few bonuses: • Signal Provider contest changes from quarterly to monthly; • The number of prize places changes from 6 per quarter to 10 per month; • Yearly prize fund increases by 69% (from 62 to 105 thousand dollars).
We hope these changes will encourage traders to take less risk in the long-term, and make contests more attractive. All of the above changes will be reflected on the website in July.