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Live FX Trader Contest

Live FX Trader Contest

Show prizes

1st place USD

300

2nd place USD

200

3rd place USD

100

4th place USD

90

5th place USD

80

6th place USD

70

7th place USD

60

8th place USD

50

9th place USD 40

10th place USD 30

11st place USD 20

12nd place USD 10

1

Register in Community

Fill in the application form and get your Community credentials.

2

Open LIVE trading account in Dukascopy Bank

Once the account is opened follow the instructions on how to register the Contest LIVE account.

3

Start trading and win your prize!

Your account will be automatically included into rating calculation once you make at least one trade. Prizes are credited to your trading account and are free from any limitations.

View all Latest news

LIVE FX Trader contest results (9th week)

Hello traders, The ninth contest week has brought us the following results. ForexBugiy from Slovakia…

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Contest winners will be determined in:

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View all Winners

Dominos

Dominos

1st place
$ 300 Prize
MFaheem

MFaheem

2nd place
$ 200 Prize
AfriKan

AfriKan

3rd place
$ 100 Prize

Standings

Trader / Place Chart Profitability, % Up/Down Max. draw-down, % Expected prize, USD
sos
sos
1st place
86.482 0 27.09 300
Mister_Green
Mister_Green
2nd place
70.058 0 23.6 200
Vlad_55
Vlad_55
3rd place
45.354 0 11.88 100
fx211pips
fx211pips
4th place
42.293 0 16.45 90
Smarty
Smarty
5th place
35.449 0 28.1 80
rokasltu
rokasltu
6th place
30.012 0 0 70
wanderer_ua
wanderer_ua
7th place
28.681 0 41.74 60
JulioG
JulioG
8th place
27.131 +2  21.4 50
Ron_AB
Ron_AB
9th place
17.706 0 0 40
komias
komias
10th place
15.844 +19  23.5 30
PrinceChoco
PrinceChoco
11st place
14.893 +1  14.62 20
valter
valter
12nd place
14.641 +6  16.54 10
QBarfungen
QBarfungen
13rd place
10.767 0 28.58
Aleksey2016
Aleksey2016
14th place
8.707 +2  31.97
evgeniks
evgeniks
15th place
6.729 +13  7.73
mouradatriss
mouradatriss
16th place
6.146 -5  16.23
sharpsense
sharpsense
17th place
5.953 -2  8.79
earspower
earspower
18th place
4.58 +1  7.15
Dominos
Dominos
19th place
4.212 -11  61.58
m_moore_e
m_moore_e
20th place
3.867 0 1.52

LIVE FX Trader's Blog

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LIVE FX Trader contest results (9th week)

Moderator's choice CommunitySupport Updated 19 Dec.  in #News
Hello traders,
The ninth contest week has brought us the following results. ForexBugiy from Slovakia earned 232.4% of profit and won the first prize of 300 USD. This is the fourth time he finishes in top-12 and the total sum of prizes he won is 510 USD.
Second place and 200 USD is taken by Drift (166.6% of profitability) and 100 USD prize goes to md1fk1,…
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Need to take into account contest starting amount?

AfriKan Posted 12 Jan.  in #Live Fx Trader
I find this contest exciting and engaging but it seems to me that the amount one starts the contest with at the beginning of the week needs to be factored into the calculation of the profitability percentage. Here is what I have observed. The smaller the amount one starts the contest with, the better their chances of winning by a greater percentage. In other words, one who starts the contest on $1 has a better and quicker chance of getting to 100% by just adding another $1 to the starting amount…
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9 Comments
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kutlu avatar
kutlu 13 Jan.

Whatever the rules are, one needs to make the right decisions in order to win anyway.

kutlu avatar
kutlu 13 Jan.

Technically, with any size of starting deposit you need to perform the same trading to double the account. Whether you start with  $1 or $1000's. Let's say you trade EUR/USD with the maximum lot size possible. (Assuming leverage is 1/100) You need to make at least 230 pips to double the account with a single trade.

luki432 avatar
luki432 13 Jan.

I think the minimum deposit of at least 1st reward is a good idea. That would eliminate "all or nothing" attempts which have nothing to do with real trading and consistent profitability.

sos avatar
sos yesterday at 23:26 GMT

If your account hits below 20 USD all positions are closed and your account blocked. So you need more than 20 USD in your account.  To be able to trade and keep your positions open during time you will always need at least more than 30 USD as deposit. It's not easy to survive and make money with smaller account. Doubling account and keep your chances going even when you lost your a couple trade is easier with greater account. It's all your choice, rules are simple and FAIR.

rokasltu avatar
rokasltu 38 seconds ago

As I see from discussion in my opinion main idea of  this discussion is how to minimize "gambling" trading style when participating in the contest. I think the best way is to include requirement for drawdown (such requirement was used in Signal Provider contest), e.g. 25% (as was suggested by WallStreetBlog) and calculate drawdown on hourly basis.

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