New Contest from Forex Cash Back

The Excel Markets Principal Contest Rules

1. Winning Criteria: Ratio of Gain to Drawdown.  The formula is weighted in favor of Drawdown over Gain by 5:1. (Formula explained here )
   Additional Winning Criteria:
   At contest end, only accounts that have a Return of at least 2.5% will be considered for a top 10 prize. Any accounts in the top 10 positions at contest end that do not qualify this rule will be demoted to a position outside of the top 10 winning rankings.
2. Participants who meet or exceed 75% equity drawdown will be disqualified. A lower drawdown will result in a better contest placement because placement is based on the ratio of Gain to Drawdown(x5). Drawdown is calculated based on peak to valley equity, thus new account highs will impact drawdown tolerance.
   Click here for help (Understanding Drawdown).
3. Leverage on all accounts will be set to 1:100 for the duration of the contest with margin stop outs set to 100% of required margin.
4. Your opening simulated balance is $10000.
5. One entry per household and IP address. You may trade from various IP addresses; however, if multiple accounts are traded from the same IP address, those accounts will be disqualified. We track and enforce this very strictly utilizing multiple tracking methods. We regret that only one person per residence can participate, ensuring that people do not use many different contest accounts.
6. Contest Ineligibility: residents from the following UN sanctioned countries are regrettably ineligible to claim winning prizes because money transfer is not possible: Democratic Republic of Congo; Cote D’Ivoire; Eritrea; Iran; Iraq; Democratic People's Republic of Korea; Lebanon; Liberia; Libya; Somalia; Sudan. In the event that a resident from one of the ineligible countries wins, the prize will be transferred to the next (eligible) contestant with the highest ending balance.
   Note: US residents may participate and win the prize as an account does not need to be opened in order to claim the cash prize.

General Contest Rules and Information

1. On the Metatrader client terminal, you will login to the server 'ExcelMarketsNZ-Demo'.
2. Trading on trading platform is disabled until the contest begins.  If you are logged into platform when we enable trading, you will need to logout and then login again to be able to trade.
3. Prizes are in USD Cash. Winners will be notified after the contest ends by registered email address.
4. Terms and rules may change at anytime.  CashBack Forex, the contest sponsor, and any other party involved in the running of the forex trading contest will not be liable to any other party for any consequential, indirect, special, incidental, punitive damages, or any damages or compensation of any kind.
5. Any participant intentionally hitting the demo price feed off market will be disqualified.  Because some forms of moderation are very labor intensive, we may only review the trading activity of winners at the end of the contest thus it is possible to make it to the end as a winner and be disqualified for cheating after the contest ends.  If we cannot be reasonably sure gains are not largely due to the low slippage of a demo account the account is likely to be disqualified, therefore accounts with many trades open for a very short period (1-2 minutes) will likely be disqualified. Taking advantage of the inherent vulnerability of a demo feed in regards to latency arbitrage and lack of slippage is prohibited and those who do so will be disqualified.
6. Connecting and registering through public-facing servers (Web servers, VPS etc.) may result in disqualification.  We realize this may disrupt some users who use a VPS for trading however at times this could be necessary for the protection of the integrity of the CashBack Forex contest, and giving everyone a chance at winning.
7. At contest end, open positions will be marked to market in order to calculate final metrics and placement.
8. We reserve the right to disqualify any participant at our sole discretion.
9. It is the winner’s responsibility to provide us with payment information. Prizes not claimed within 30 days of contest end will be cancelled.
10. Please note: in this contest, the ability to change your contest account password has been disabled.
11. All CashBack Forex performance tracking on contest accounts will be automatically suspended after the contest is completed, however you will continue to be able to trade on the Excel Markets demo trading account. Excel Markets Demo accounts expire only if they are not logged into for 180 consecutive days. 
12. At the end of the contest please allow up to 5 business days for us to declare winners.  We will investigate trading activity of the contestants to ensure no violations of the contest rules occurred.  Disqualifications will be made as necessary and a message will be posted indicating that winners are officially declared and all contest winners in the rankings grid will inherit a green background to identify them as official winners.
13. Some of our support staff may take part in the contest.  These staff are participating only for fun and if they end up in the top 10 they will be disqualified as they are not allowed to win the contest.