FXGT.com’s
1st Official Trading
Competition
The top 50 participants will be rewarded
from the 35,000 USD prize pool!
1st place
$6,000
2nd place
$4,500
3rd place
$3,000
4th place
$2,000
5th place
$1,800
6th – 9th place
$1,200
10th place
$1,000
11th – 20th place
$250
21th – 45th place
$200
The competition has ended!
Winners
Dewi
NJ Master(2)
Putra
Pnl winners
ANDREWINATA
Deni
Ahla Nafisah Rizqina
NagisUgur
Ricky
Trading Competition Conditions
How it works
Sign up
You can sign up for the competition from September 4th until September 18th. In order to participate you will need to have a minimum account balance of 200 USD in your live MT4 or MT5, ECN or PRO trading account.
Compete
The competition officially commences on September 20th 00:00 GMT+3 server time and ends on October 10th 23:59 GMT+3 server time. After meeting the initial minimum account balance requirement, you can top up your account as much and as many times as you wish.
Trade to Win
At the end of the competition, 45 participants will be rewarded based on their Return on Investment (ROI). An additional 5 prizes will be distributed to participants with the highest ranking on Profit and Loss (PnL). In total, 35,000 USD will be directly credited to the winners’ live trading account as balance.
Terms and Conditions
- Registration for the trading competition will begin on September 4th and end on September 18th 23:59 GMT+3. We will not accept any registrations after the specified date and time.
- The trading competition will officially commence on September 20th 00:00 GMT+3 and run until October 10th 23:59 GMT+3.
- Only clients with an MT4 or MT5, PRO or ECN trading account can register for the competition and participate if they meet the requirements.
- Entry with multiple accounts is not allowed. You can only enroll with one trading account per competition.
- To qualify for the competition, traders need to have a 200 USD account balance before registrations close on September 18th 23:59 GMT+3 server time. We will perform mandatory checks to determine the qualifying accounts before the competition starts on September 20th 00:00 GMT+3 server time. We will inform qualifying participants via email before the competition kicks off.
- If traders have unrealized losses at the start of the tournament and their margin falls below 200 USD, including the loss amount, they can still be eligible for participation. Floating PnL will not be taken into consideration, only cash balance when we assess qualification for the competition.
- During the competition, participants can fund their trading account as much and as often as they wish. Every time traders make a new deposit during the competition, it will be considered as an initial deposit, therefore their ROI will not be affected.
- By the end of the competition, the top 45 participants with the highest Return on Investment (ROI) and the top 5 participants with the highest Profit and Loss (PnL) will be crowned as the winners.
- The winners will be selected based on rankings and will be announced on this page within 24 hours from the end of the competition.
- Rewards will be credited to the winners’ registered trading account as balance.
- The first 5 winners of ROI cannot be in the PnL winning list. Therefore, anyone who ranks from position 6 and onwards based on ROI, is also eligible for the PnL prize.
- The organizer reserves the right to modify or amend this trading competition and its terms and conditions at any time without prior notice, with such changes taking effect immediately. Applicants agree to accept the responsibility of monitoring any changes and/or modifications that may be displayed in relevant posts.
- Promotional Offers T&C’s and Giveaways T&C’s applies.
Frequently Asked Questions
Return on Investment (ROI) is a measure of the percentage rate over your total investment during a specified time period.
Roi% Calculation Formula
Where:
Ee: Equity at the end of the day
Se: Equity at the start of the day
Co: Cash outflow/Daily funds removed from the account
Ci: Cash inflow / Daily funds added in the account
ROI % Example
Ee: 250,000
Se: 100,000
Co: 30,000
Ci: 20,000
ROI% = ((250,000+30,000)-(100,000+20,000))/(100,000+20,000) = 133.33%
Important Notes
- Cash flow/Funds added or removed from the trading account may include, but not limited to, Transfer In, Transfer Out, Balance Promotions, and/or any adjustments/corrections.
- To track the total performance of the account we are using the Equity. Equity includes both closed and open positions during a period.
Daily Change Calculation Formula
Daily Change % = [(Previous Day ROI% – Today’s ROI%)] / Previous Day ROI%
Gain Calculation Formula
Gain = (Ee + Co) – (Se + Ci)
Where:
Ee: Equity at the end of the competition
Se: Equity at the start of the competition
Co: Cash outflow/funds removed from the account during the competition
Ci: Cash inflow / funds added in the account during the competition
Gain Example
Ee: 100,000
Se: 50,000
Co: 30,000
Ci: 10,000
Gain = (100,000 + 30,000) – (50,000 + 10,000) = 70,000
Maximum Drawdown %
The maximum drawdown represents the greatest loss (worst ROI%) the trading account suffered during the competition at the end of a day, taking into consideration today’s day. It is an observation of the downside risk of a trading account over a specified time.
Volatility of Returns %
It is a statistical measure using the standard deviation, measuring the dispersion of daily returns (Daily ROI%). It is an observation of how the daily returns tend to change. A low reading indicates that the trading behaviour is less volatile, therefore, it is considered as lower risk portfolio. A high reading indicates that the trading account behaviour is more volatile, therefore, it is considered as a higher risk portfolio.
The Sharpe Ratio describes the extended to which the investment in the trading account compensates for extra risk. This ratio is also called the risk-return ratio which allows you to determine if the trading trading choices will deliver the highest returns while considering risk. It allows you to observe the excess return you receive in relation to the asset/s volatility. A higher reading indicates that returns have been better relative to the risk it has taken on. Below 1 or negative reading indicates that returns have been bad relative to the risk it has taken on.
Sharpe Ratio Calculation Formula
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