- The contest period is from the opening of the market on 01.02.2021 to the end of the trading session on 26.02.2021.
- Platform: Alpha Trader Pro, demo account with real quotes.
- Tools: all stocks available in the terminal.
- Overnights/premarket/postmarket: available. Overnight BP 1:2, premarket/postmarket BP 1:4.
- Initial account parameters: $3K total risk / $300 daily max loss / $1.2K weekly max loss / $300K buying power.
- Махimum amount of shares in one position: 1200.
- Minimum number of trades: 30.
- “Second chance” option: for $100 you can restore the starting deposit.
- Any form of abusing related to the peculiarities of trading on a demo account is prohibited.
- Be sure to read the “Definitions and Detailed Conditions” block. All disputable situations will be resolved on the basis of these conditions.
FONDEXX PROP CONTEST 2021
The annual Fondexx Prop Contest 2021 begins on February 1st. Through this competition, traders from different countries get a chance to compete, show their skills and win a trading account powered by Fondexx.
PRIZE FUND: FUNDED ACCOUNTS + EXTRA BONUS
Proprietary funded accounts with individual BP and risk parameters. The number of accounts will be determined from the ratio of 1 account to 20 contest participants.
PARTICIPATION FEE $25
Extra Bonus will be created from the funds raised. It will be given to top 5 participants of the contest and can be withdrawn without any restrictions.
Extra bonus = $25 x number of participants
How it works
- You enter the contest and follow the rules.
- You are in the top 20 after 4 weeks.
- From the top 20, 10-15 candidates will be selected, who will be sent a questionnaire.
- You receive a reputation bonus if you trade one of the Trading School strategies.
- Based on the analysis of the statement, the trader's answers and the community vote, we make a decision to provide a funded account.
FEATURES OF THE CONTEST THIS YEAR
- We decided to combine business with pleasure and the conditions for risk management in Prop Contest 2021 will correspond to the conditions of the Prop Factory combine with minor amendments.
- All participants at the start receive the same trading accounts with the parameters of $300K buying power / $3K total risk / $300 daily max loss / $1.2K weekly max loss. More information about the terms can be found here.
- Alpha Trader trading platform, demo account with real quotes.
- All participants of the contest who completed it with a profit, but were not included in the number of winners, receive a reputation bonus and a 20% discount for passing the Prop Factory. The discount will be valid until 03/31/2021.
- Participation in the contest: $25. Extra Bonus (cash bonus) will be created from this money, which will be distributed among the top 5 traders. The bonus can be withdrawn without any conditions!
- Determination of the winners. This year the Fondexx community will be able to decide which of the winners of the contest will receive a funded account.
Conditions and Important Information
- Proprietary funded accounts with individual BP and risk parameters (for example, the average risk of accounts that the winners of Prop Contest 2020 received was $1500). The number of accounts will be determined from the ratio of 1 account to 20 contest participants.
- Extra bonus = $25 x number of participants. It is distributed among top 5 participants. Funds are available for withdrawal without any conditions.
- Top 5 traders from the rating receive an Extra bonus. The distribution of the bonus between the winners is at the discretion of the company and will be announced later.
- From the top 20, 10-15 candidates will be selected, who will be sent a questionnaire. The data of the questionnaires will be processed and published on the site along with the statements (except for confidential information).
- The Fondexx community will be able to vote on traders who are most trusted and whose results are considered not random.
- Based on its expertise and the opinion of the community, the company will determine which of the traders will receive the account for management, as well as the individual parameters of this account.
- A prerequisite for receiving an account for management is a video recording (without a face), where the trader briefly talks about themselves and the trading system that they used in the competition, and also shows their best and worst trade.
- The latest news on the contest will be published in Fondexx chat.
How to Confirm Participation
To confirm participation in the contest a small fee in the amount $25 is charged. The total amount of funds raised from participants will be given to top 5 participants of the contest and can be withdrawn without any restrictions.
Extra bonus = $25 x number of participants.
To confirm participation please register above and purchase a ticket here.
Once the ticket is purchased, your participation is confirmed automatically. Account data for participating in the contest will be emailed to you on February 1st.