The 2009 FXDD Forex Champions League Trading Contest has come to an end. We would like to thank everyone who participated. We are currently tallying the scores and will post the winners shortly. Please check back soon to see the results and who will take the grand prize of $50,000 USD.
3 cash prizes will be awarded in each section for a total of 6 cash prizes per group. The top 2 traders in each section (Standard & Mini) in the entire world will receive a super bonus prize with the overall winner take home the Grand Prize and title as the 2009 FXDD Forex Champion.
$50,000 USD*
$10,000 USD*
$10,000 USD*
$5,000 USD*
There will be 4 prizes awarded to the best traders overall:
* World Champion – Standard: $50,000 ($40,000 plus $10,000 initial prize)
* World Runner-up – Standard: $10,000 ($7,000 plus $3,000 initial prize)
* World Champion – Mini $10,000 ($5,000 plus $5,000 initial prize)
* World Runner-up – Mini $5,000 ($3,000 plus $2,000 initial prize)
All prize amounts are in USD.
The FXDD contest is open to new and current FXDD clients. Clients may enter multiple accounts in the contest. Eligible client accounts will automatically be entered in the contest. FXDD reserves the right to refuse entry to any client for any reason in its sole determination.
The contest will begin on June 1, 2009 with the opening of trading and end as of the close of business New York time (4 p.m.) on July 3, 2009. Open positions will not have to be liquidated for purposes of determining the contest winners. All open positions will be marked to market as of 4 p.m. Eastern Standard Time on the last day of the contest. The dollar gain will be based on the absolute trading P/L between the beginning and end of the contest for each account net of additions added during the contest period. The absolute trading P/L will be calculated based on trading P/L inclusive of swap (rollover) fees. (see calculation in Selecting the Winners).
To be eligible for the standard prizes, the opening account equity must be at least $3,000 as of 5 p.m. on May 31, 2009 and the account(s) must be self directed (no managed accounts). Any withdrawal from client’s account during the contest period will result in an immediate and automatic elimination of the client from the contest. To be eligible to be considered in the final determination of the contest winners, the client must also have completed a minimum of twenty (20) round turn standard lot (100,000 unit) trades (or the equivalent in the case of mini/micro accounts) during the course of the contest period.
To be eligible for the mini prizes, the opening account equity must be at least $500 as of 5 p.m. on May 31, 2009 and the account(s) must be self directed (no managed accounts). Any withdrawal from client’s account during the contest period will result in an immediate and automatic elimination of the client from the contest. To be eligible to be considered in the final determination of the contest winners, the client must also have completed a minimum of twenty (20) round turn mini lot (10,000 unit) trades (or the equivalent in the case of micro accounts) during the course of the contest period.
Clients whose account(s) are in the leader’s bracket during the contest must agree that their name and trading record may be published by FXDD, at its discretion, in any media and format it chooses. All determinations of eligibility by FXDD are made in its sole discretion and such determinations are final.
At the close of business (4 p.m. New York) on July 3, 2009 each eligible account will be marked to market in order to compute each client’s ending absolute P/L. The accounts will be ranked in descending order beginning with the account that has realized the greatest increase in overall dollar gain. All taxes related to the prizes are the sole responsibility of the winners. The formula for determining the greatest absolute dollar gain is as follows: (Ending Equity) – (Beginning Equity) – (Deposits) = absolute dollar gain. In the case of a tie in any category, the client who completed the greatest number of round turn trades will be declared the winner. The final selection of the winners is at FXDD’s sole discretion and all determinations are final.
All trading during the contest shall be conducted pursuant to the terms and conditions of the Customer Agreement, Risk Disclosure Statement and Trading Rules and Regulations set forth in FXDD’s customer account opening documents. Further, any client who in FXDD’s sole determination is engaged in scalping, inappropriate trading strategies or who attempts to manipulate FXDD’s price feed or in any other way attempts to manipulate communications or the software made available to clients may be eliminated from the contest. All such determinations shall be final. Since the purpose of the contest rules is to ensure that each client has the same opportunity, FXDD reserves the right to amend, waive or interpret any rule in its sole discretion when so doing would be in the best interests of the contest.
FXDD shall not be responsible for any delay in the acceptance or transmission of orders due to a breakdown or failure of transmission or communication facilities, or for any other cause beyond its reasonable control or anticipation.
FXDD reserves the right to extend the contest time period, to postpone the starting date and to cancel the contest at any time in it its sole discretion.