FirewoodFX broker has finally released its first trading competition program. Prizes in the amount of thousands of Dollars will be distributed to the five best traders who won this trading competition. This broker, which has just launched a social trading service with ZuluTrade, will determine the winner based on the highest profit earned during one month of trading.

Following are the details of the prizes waiting for the five most profitable traders in the FirewoodFX trading competition:

• First prize: $500
• Runner-up: $250
• Third winner: $150
• Fourth winner: $125
• Fifth winner: $100

Total hadiah sebanyak $1125 tersebut akan dibagikan sesuai aturan di atas ke masing-masing akun pemenang. Kompetisi trading ini terbuka bagi siapa saja. Siapapun bisa mendaftar, baik itu trader pemula maupun berpengalaman, pengguna EA ataupun bukan.

How to Participate

The registration period for the FirewoodFX forex contest opens on February 20 and ends on February 28. Here's how to participate:

1. Open a trading account in FirewoodFX.
2. Log in to the Client Cabinet.
3. Fill in your nickname.
4. Verify your account.
5. Add a competition account in the "FirewoodFX Competition" field.

Competition Rules

Compared to the terms of a forex contest in general, the trading competition rules at FirewoodFX are fairly simple and not adventurous. There are almost no changes from the trading conditions of FirewoodFX in general, so traders don't need to make many adjustments. Even for the size of a live forex contest, the minimum deposit conditions are relatively light.

Overall, here are the essential rules in the FirewoodFX trading competition :

• Only allowed for one MT4 account per trader
• The initial deposit of $10. Deposit funds must arrive before the trading competition starts on 1 March 2017
• Accounts entered in trading competitions are not registered in any bonus program.
• Using the Micro account type
• Leverage up to 1:1000
• Hedging and EA are allowed
• Minimum number of trades: 20
• MetaTrader 4 trading platform
• Can trade with any instrument available at FirewoodFX (Forex, Gold, Silver)

This trading competition also has an additional policy, in which every trader participating in this event agrees to:

• FirewoodFX has full authority to determine the winner.
• All account and trading information, including the deposit amount, will be displayed publicly. This is because FirewoodFX provides a special page that displays a trader ranking table to monitor the performance of trading competition participants.
• Elimination will be applied to participants who break the rules.

Competing in a trading competition is the right solution for every trader who wants to win prizes while honing his trading skills. You can use this new forex contest, which takes place from March 1 to March 31, 2017, to achieve these two benefits.