Prize Money
Real Accounts 1st Prize - $5,000 |
Demo Accounts 1st Prize - $1,000 |
|---|
From The Desk Of Mark McRae
Hi Guys
This is Mark McRae from Surefire Trading Challenge. I would like to welcome you to our eighth event.
If you are interested in taking part in our challenge, I want to explain something to you first. Before I came up with the rules I surveyed over 1,000 traders and spoke to many more. I listened to the feedback and hopefully I have come up with something fair.
This doesn't mean things can't change or that I haven't forgotten something. It is just a starting point. As we learn from our mistakes and get feedback from the participants we will improve. We have already changed a few rules as a result of feedback and trial and error.
The most important thing to remember regardless of the rules is the intent.
What are we trying to achieve!
We are trying to achieve a fellowship of similarly minded people who are interested in trading. This challenge is an attempt to draw us closer together, to share information and to learn from one another. That is why it is important to realize that you must be prepared to share your winning method or system should you win. You should also be aware that the winners will probably only be disclosed in a private membership area.
Don't worry too much about how to get images or explain how you won. We can work with you on that. We have a technical guy whom you will be able to chat with and help you send images or copy and paste what you need to send us. It 's all fairly basic stuff but help will be on hand should you need it.
We will go ahead with the challenge even if we have only one entrant and we will keep everyone posted on how things are progressing.
Good Trading
Mark McRae
"This Competition Starts the 1st February 10 And Ends the
28th February 10"
Three Easy Steps To Enter
-
Read and agree to the rules
-
Submit your name
-
Email in your results at the end of the month
Once you sign up you go onto a special list for challengers. I will keep all the challengers up-to-date with what's happening throughout the month. At the end of the month the challengers are given a special webpage where they can enter their results. We then finalize the results. It's as simple as that.
All entrants should have the same chance of winning as any other entrant.
All entrants must register as a participant (see below).
You can trade any market on any platform. There will be two sets of prizes. One for real accounts and one for demo accounts. You can enter only with a real account or a demo account in any one month but not both.
You can enter on every month that we have a competition, even if you where previously one of the winners.
Real account means - any account that uses real money to trade with.
Demo account means - any account that does not use real money to trade. These sorts of accounts are normally allocated a hypothetical Dollar amount by a broker.
Prize Money Real Accounts
1st Prize - $5,000
2nd Prize - $3,000
3rd Prize - $1,000
Prize Money Demo Accounts
1st Prize - $1,000
2nd Prize - $600
3rd Prize - $300
There is no entrance fee. The challenge is free to enter. You never have to pay for anything at any stage of the Challenge.
The challenge shall run from the 1st of the month until the last day of the month and finish on the last day of the month at 23:59H. Participants can enter at anytime during the month.
Only one entry per person. In the case of a joint account or company, one person has to be nominated as the entrant.
There must be at least 10 closed trades by the close of the last day of the month.
In the event of a tie (draw) the prize will be split equally.
Any entrant that has had a margin call due to over leverage shall be disqualified.
All accounts should be in US Dollars, Euros, British Pounds or Australian Dollars. Any account using any other currency will be converted to US Dollars for the purpose of calculations.
For both Demo and Live accounts the starting balance must be at least $50 or the equivalent in another currency.
Your account must be positive at all times. Your account can not go into the negative because you have a relationship with your broker.
Your account must be active when we verify it. We have had problems in the past were an entrant sent in his initial verification but when it came time to do a live verification, the account was closed. Your account must be open when we do a live verification. If you are worried about your demo account expiring then contact us as soon as you can after the challenge so we can verify you as soon as possible.
Entrants must be over 18 years of age or, if applicable, considered an adult in their respective country.
No one should enter in a country that would require surefiretradingchallenge.com or anyone associated with it to be registered by any regulatory authority. surefiretradingchallenge.com is not registered in any country to give financial advice.
All winners must agree to have their results verified by a nominee of surefiretradingchallenge.com. Full trading records for the month of the challenge must be verified. Only accounts that can be accessed online can be entered. A nominee of surefiretradingchallenge.com will, via software, observe the entrant logging into their account and verifying their results. If we cannot verify results for whatever reason, the entrant will be disqualified at the sole discretion of surefiretradingchallenge.com. All verification must take place within 7 days of the end of the close of the challenge. The winner be will announced once all winners have been verified and contacted.
See example of a verification here...
All winners must agree to explain in full and in English how they achieved their results. This will take the form of a short written explanation and as many graphs or videos as needed to explain the system or method. The winner further agrees to provide general information about themselves, for example age, where they're from and how long they have been trading.
All entrants agree to have their trading records, charts, photographs and explanations published and or distributed by surefiretradingchallenge.com, its agents, and successors during and after the life of this challenge, and waive their rights as pertains to any intellectual property claims they may have as pertains to information regarding their methods or systems they disclose or use during this challenge.
All entrants understand that they will receive no other compensation other than the prize money should they win. surefiretradingchallnge.com may use any information or methods disclosed by entrants for it's own gain.
Winners may not use any of the surefiretradingchallenge.com marketing material, which is copyright protected, without our express permission. Winner also agree not to register domains or web pages, with exact or similar sounding names to those used by surefiretradingchallenge.com as pertains to their submitted systems. They agree that they may under no circumstance attempt to resell or cede or assign their sytems, whether under a different name or not. The Winners agree that by entering the competition they agree that all rights, of any nature, to their system or systems are ceded to surefiretradingchallenge.com. They may also not try and resell their systems under a different name. All rights of their system pass to surefiretradingchallenge.com.
It is understood that if the winner in any category chooses not to explain in full how they achieved their results then they will not receive any prize money.
Trading robots and expert advisors are welcome. If a trading robot wins, the participant must be the owner of the code and agree to disclose that code.
You can not use someone else's robot, system or method. We don't want a situation where someone wins and breaches someone's copyright by disclosing their robot, system or method. This must be your own approach to trading that you submit, and free from any restrictions.
Entrants may not use a previous winners system to enter the competition. Only previous winners may enter with their own system more than once.
surefiretradingchallenge.com reserves the right to extend or change the starting and end date of each challenge at any time. It also reserves the right to cancel the challenge if it chooses to do so at any time.
All prizes will be paid by bank wire transfer after the winner has been notified and the explanation given. If for some reason we cannot make payment in a timely fashion surefiretradingchallenge.com reserves the right to disqualify the entrant.
Winners shall be calculated as the greatest percentage gain irrespective of starting equity. For example:
(end balance-total deposits)/starting balance*100
Example 1
--------
Start balance = $1,000
End Balance = $2,500
$2,500-$1,000/$1,000*100=150%
Example 2
--------
Start Balance = $1,000
Deposit during month = $1,000
Total deposits = $2,000
End balance = $2,500
$2,500 - $2,000/ $2,000 * 100 = 25%
If there is any doubt, use the calculator HERE
All deposits made into the trading account, at any time throughout the month of the challenge, shall be added to the initial deposit. End balance excludes any open positions.
At all times the adjudicators will make their decisions, at their sole discretion, based on whether no other of the competition rules have been breached, or in their opinion, manipulated in any way, in order to unduly advantage any contestant.
The initial deposit in most cases will be the end balance of the previous month. This total plus any additional deposits will be calculated as total deposits.
The entrant with the highest percentage gain will be the winner.
Any taxes related to the winnings are the sole responsibility of the entrant.
Any charges made by the recipients bank in receiving the prize money are the sole responsibility of the entrant.
The decision of surefiretradingchallenge.com is final in all matters.
Winners will be notified by email and telephone. If the winner cannot be contacted within 7 days after the end of the contest, surefiretradingchallenge.com may in its sole discretion award the prize to the next winner.
Surefiretradingchallenge.com may disqualify any entrant at any time that it, at the adjudicators sole discretion, believes is attempting to break the rules, or in some way is attempting to manipulate the rules to their benefit. An example of this would be where a trader adds any further amounts to its account other than the deposit or start or initial balance which then in our sole opinion, allows them to manuipulate the final gain percentage. Entrants may also be disqualified if they are misrepresenting themselves in any way.
All entrants agree that any claims or disputes related to the challenge shall be resolved without any form of class action. All disputes that cannot be resolved will be governed by the laws of the Republic of South Africa. If a dispute arises over the rules of the challenge, entrants must agree to first try to resolve it with the help of a mutually agreed-upon arbitrator in the following location: Umhlanga, Kwazulu Natal, South Africa. Claims shall be limited to the prize money in question.
surefiretradingchallenge.com reserves the right to change, amend, waive or interpret the challenge rules at its sole discretion at any time.
surefiretradingchallenge.com or any person affiliated with the challenge will not be liable for any damages directly or indirectly incurred by anyone for either participating in the challenge or using the website.
surefiretradingchallenge.com is the property of Old Tree Publishing Pty Ltd. No person who is employed by or is an agent of or an associate of any of the above may enter the challenge.
This challenge is presented as a promotional competition and is based solely on the skill of the participants. The objective of the competition is to award prizes/scholarships to the the participants with the highest degree of skill as traders, as adjudicated by surefiretradingchallenge.com
All entrants acknowledge and understand that they bear the sole risk of any trade they make during the
competition and indemnify completely surefiretradingchallenge.com of any liability for any losses or claims that may arise, howsoever caused, as a result of and or during their participation in this challenge.
Risk Disclosure
------------------
surefiretradingchallenge.com would like to make all participants aware that trading carries a high level of
risk. You should never trade with money that you cannot afford to lose. There is also the possibility that a
trader could lose some or all of their trading capital. You should be aware of all risks associated with
trading any market before entering a trade.
You Must Register To Take Part
You have no obligation to continue with the challenge once you enter but you can not qualify unless you have entered below. We need a way to communicate with you and by completing the details below we can do that.
