Dear Dukascopy Bank,
i would like to ask you, cause i dont understand this sentence below particularly:
"
The winners may withdraw cash prize amounts from their respective live accounts after meeting the following minimum turnover requirements on these live accounts:
1st place - 10 million USD
2nd-3rd places - 5 million USD
4th-10th places - 2 million USD
"
What does it means?
Thank you for your reply.

This means that winners are obliged to trade a specific amount (10 million USD etc.) on their live accounts before being allowed to withdraw the cash prizes.

Before reaching obliged trading quantity, can the winner withdraw the profit portion on the amount.
suppose the 1st place winner makes around $2000 in the first month, ,can he with draw that amount?

Thanks,

Any withdrawal (partial or full) is allowed only after meeting the the turnover requirements.

What happened if he made $ 2000 Profit first month, Then his Trading equity $7000 (with $5000 price money) , Can He allow to withdraw his Profit ($2000), Because his Price Money remaining in his account, (assume he is not met the trading volume requirement)

Thanks

nothing will happen

Hello,

What happened if he made $ 5000 lose first month ( and trading volume requirement is not met) ??

If the entire prize amount is lost, there will be nothing to withdraw. The prize account will be depleted.

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This is misleading.... the cash price is only $5000. Dukascopy states that the turn around must be $10MIL to withdraw the cash price (witch is $5000)... So if you make $2000, or $15000 above the cash price, you should be able to withdraw, but always leaving a balance of $5000 in your accnt..... until you reach the $10MIL you will not be able to get those $5000.

If the prize rules don't work this way, this is a complete waste of time...

Whenever you meet the turnover requirement any amount can be withdrawn. Whether you are in a profit or a loss relative to the initial deposit. Including full withdrawal.
Numerous contest winners of this year might ascertain that this norm is absolutely adequate and feasible.

Turn over works this way in dukascopy:
1 standard lot of eur/usd at 1.4 trade (buy + sell) = 280000 and 4 such turn over makes it a million.
if the winner trades at 100X leverage in eur/usd at 1.4, i.e, 350000, one trade is equal to 700000. just 14 trades are enough to reach the required turn over to be eligible for the withdrawal.

dear guest,

i can assure you that DUKASCOPY is a 200% TRUSTWORTHY company. there is not the slightest issue with the PRIZE process.

it is totally okay. it works fast and after you traded the required volume, you can withdraw your money immediately.

there is nothing to lament or discuss!!!

i recommend that you first try to reach the TOP TEN and then perhaps win this contest, before you spend your time discussing about any prize procedures.

for example, when i won this contest in january, i got the money booked in my trading account a few days after the verification of the final result, which was late in february.

a few days later i already had met the withdrawl requirements and was able to withdraw the 5.000 dollars (around 3.500 EUR ) immediately. 2 days later they were booked on my bank account in another european country.

ALL WAS A FIRST CLASS SERVICE.

here a screenshot out of my real money account showing the procedure in february 2011:

https://goo.gl/7LvVu