Broker Details
Eightcap
Gerege Trade Demo Competition
On Going
Eightcap Demo Contest Details:
Join the Eightcap Demo Contest – Exclusively for Mongolian Traders
Are you a Mongolian trader ready to showcase your skills? Eightcap is hosting the Gerege Trade Demo Competition, a unique opportunity for Mongolian citizens to trade in a risk-free environment and win real cash prizes.
How to Participate:
- Register between April 2 and April 6, 2025, through the official Eightcap Trading Competition page.
- Eligibility: Open to Mongolian residents and Mongolian citizens living abroad (excluding Australia, USA, or other restricted jurisdictions) who are approved by Eightcap.
- Competition Dates: The contest runs from April 7, 2025, at 09:30 ET to April 18, 2025, at 16:00 ET.
- Account Setup: Each participant will receive a MetaTrader 5 demo account with the following conditions:
- $3,000 USD virtual balance
- 1:500 leverage
How to Win:
Participants will be ranked based on the highest trading gain during the competition period. Gains are calculated using the formula:
Gain = (EE – EB + B) / EB
Where:
- EE = Equity at the end of the competition
- EB = Equity at the beginning
- B = Balance
In the case of a tie, the participant with the higher equity or lower drawdown will rank higher.
Prizes:
- First Place: $300 USD
- Second Place: $200 USD
- Third Place: $100 USD
- Fourth Place: $100 USD
- Fifth Place: $100 USD
All prizes will be paid to winners’ nominated bank accounts after the competition ends and upon verification. Winners must provide proof of identity, address, and bank account details.
Important Rules:
- Only one demo account per participant is allowed.
- Prizes are non-transferable and cannot be combined with other promotions.
- Any form of manipulation or fraudulent activity will result in disqualification.
- By participating, you consent to your data being used for competition and marketing purposes by Eightcap.
Don’t miss this opportunity to compete, learn, and win in the Gerege Trade Demo Competition. Register within the deadline and trade your way to the top.
