Contest Rules
Which trading platform do I use for the trading contest?
The trading contest is conducted exclusively on the FastBull platform. You can trade through FastBull Charts or the FastBull app. Please note that you may have multiple trading accounts; the contest account is the one with a trophy symbol and a gold background. Make sure to select the correct account. The contest account cannot be linked to MT4/5 for trading.
1. Event Details
Registration Period: 08/15/2024 00:00 ~ 10/14/2024 23:59:59 (UTC +00)
Contest Period: 10/15/2024 00:00 ~ 10/31/2024 23:59:59 (UTC +00)
2. Eligibility
All FastBull registered users aged 18 and above are eligible to participate in the contest.
The system will automatically create a demo trading account for you upon registration.
3. Ranking Rules
P/L ranking will be used in this contest.
The total P/L of each account is ranked during the whole contest in descending order. Shall two or more contestants have the same P/L amount, they will be ranked in order of which registered in the contest first.
Total P/L = Final Account Equity - Initial Account Equity.
The rankings are updated at 01:00:00 (UTC +00) per day by 00:00 on the same day. Delay or update failure may occur in case of network error or account disconnection.
4. Trading Terms
Trading account configuration:
Initial deposit: USD 100,000
Leverage: 400:1
Stop out level: 100%
Supported symbols: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, EURGBP, EURAUD, EURNZD, EURCAD, EURCHF, EURJPY, GBPAUD, GBPNZD, GBPCAD, GBPCHF, GBPJPY, AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, NZDCAD, NZDCHF, NZDJPY, XAUUSD, XAGUSD, WTI, and BRENT
Commission per trade: 0
Max. 10 open orders (including pending orders)
( It means you can hold a maximum of 10 open orders simultaneously. For example, you can have 1 market order for gold, 2 pending orders for gold, 3 market orders for EURUSD, and 4 pending orders for USDJPY, totaling 10 open orders. After closing an order, you can continue placing new ones, but the total number of open orders must not exceed 10. Each order's trading volume must be between 0.01 and 1 lot. )
You are not allowed to trade using your contest account before or after the contest. All open orders will be forcibly closed at the end of the contest to confirm the final rankings.
5. Violations
Contest accounts will be disqualified from the ranking and awards if any of the following occurs:
1) Accounts trading (placing or closing market orders) less than 10 days during the contest;
For example, if you buy 1 lot of gold on January 1, 2024, and close the position on January 5, with no orders placed or closed on January 2, January 3, or January 4, we consider you to have trading activity on January 1 and January 5, 2024, but no trading activity on January 2, January 3, or January 4.
2) Accounts with abnormal and falsified data, involving exploitative trading, or violating other contest rules.
When an account is disqualified, all lower-ranked accounts will move up one place. For example, the account originally ranked 2nd will become 1st, the account ranked 3rd will become 2nd, and so on.
6. Awards
The top 10 participants with the highest profits will receive cash awards ranging from USD 100 to USD 10,000 as follows:
1st Place: USD 10,000
2nd Place: USD 5,000
3rd Place: USD 3,000
4th Place: USD 2,000
5th Place: USD 1,000
6th Place: USD 500
7th Place: USD 400
8th Place: USD 300
9th Place: USD 200
10th Place: USD 100
After the contest ends, your contest accounts will be reviewed before awards are granted.
Awards will only be given after the winner is deemed qualified. The exact time and method of granting awards will be notified separately.
7. Terms and Conditions
7.1 Participants acknowledge that FastBull assumes no responsibility for any partial or total financial losses incurred as a result of financial trading activities, or any consequences arising from participation in the contest.
7.2 Participants' personal information is protected under the Privacy Policy. For details, please refer to https://www.fastbull.com/privacy. By participating in the contest, participants allow FastBull to use their names, images, interviews, prizes, trading results, and other contest-related content on relevant websites (including social media).
7.3 By participating in this contest, you declare and warrant that all information you provide related to the contest is true, accurate, and complete. You agree to comply with local laws and regulations.
7.4 FastBull does not guarantee that network or software services will necessarily meet the participants' requirements, nor do they guarantee the timeliness, security, accuracy, or stability of the services. FastBull shall not be liable for interruptions, anomalies, or other defects in service caused by force majeure or uncontrollable factors.
7.5 FastBull reserves the right to cancel, suspend, or terminate the contest in accordance with relevant laws, judicial or administrative orders, or based on actual circumstances.
7.6 FastBull reserves the right to change the contest terms at any time. Any changes to the terms will be notified to all participants through SMS, email, or official website announcements. FastBull shall not be liable for any losses incurred due to participants' failure to timely check SMS, email, or the official website.
7.7 FastBull has the final interpretation right over the rules of this contest.
8. Q&A
8.1 What are the consequences of deleting your FastBull contest account during the contest?
Deleting your contest account will disqualify you from the contest, which means you will miss out on the prize money. Please proceed with caution.
8.2 When does the contest officially start?
The contest runs from 00:00 on October 15, 2024, to 23:59:59 on October 31, 2024 (UTC +00). You can register from 00:00 on August 15, 2024, to 23:59:59 on October 14, 2024 (UTC +00).
Once registration starts, please visit https://www.fastbull.com/trading-contest/.
After the contest begins, please go to https://www.fastbull.com/traders/chart to select your contest account and start trading. You can also trade using the FastBull app.
8.3 Is there a registration fee for the contest?
No, there is no registration fee.
8.4 What are the requirements to enter the contest?
Any FastBull registered user who is 18 years or older can enter this contest.
Each participant is allowed to register for the contest only once. If you use several FastBull accounts to enter the contest multiple times, the anti-cheating system will be triggered. If detected, we will disqualify you or void your contest results.
8.5 Do I need to use my own trading account for this contest?
The system will automatically create a contest-specific account with an initial deposit of USD 100,000 for each participant. This account can only be used for trading during the contest.
All open positions will be forcibly closed at the end of the contest to confirm the final rankings.
8.6 Are there any trading restrictions?
Only 32 instruments with the highest liquidity are allowed to trade in this contest. Trade sizes are limited to between 0.01 and 1.00 lots, with a maximum of 10 orders (including pending orders) allowed at the same time.
8.7 What trading instruments are available?
Major Forex Pairs: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY
Cross-Currency Pairs: EURGBP, EURAUD, EURNZD, EURCAD, EURCHF, EURJPY, GBPAUD, GBPNZD, GBPCAD, GBPCHF, GBPJPY, AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, NZDCAD, NZDCHF, and NZDJPY
Precious Metals: XAUUSD and XAGUSD
Energy: WTI and BRENT
8.8 Is automated trading allowed?
No, automated trading is not allowed for this contest. Any attempts to attack or hack FastBull's trading services, or use programs in abnormal ways will result in disqualification from the contest or voiding of your contest results.
8.9 What does "trading activity restriction" mean?
For example, if you buy 1 lot of gold on January 1, 2024, and close the position on January 5, with no orders placed or closed on January 2, January 3, or January 4, we consider you to have trading activity on January 1 and January 5, 2024, but no trading activity on January 2, January 3, or January 4.
Please make sure you trade (place or close market orders) for at least 10 days during the contest.
8.10 Under what circumstances will participants be disqualified or their results voided?
1) Registering for the contest multiple times with different FastBull accounts.
2) Failing to ensure trading activity on at least 10 different days.
3) Attempting to attack or hack FastBull's trading services, exploit bugs for trading, or use programs in abnormal ways.
4) Being unreachable or failing to timely provide accurate identification information for verification.
5) Engaging in fraudulent activities or violating other contest rules.
8.11 What is the anti-cheating system?
The anti-cheating system monitors all participants' activities on FastBull, including logins/logouts, trades, and positions. If any violations are detected and confirmed, the relevant participant will be disqualified or their results will be void.
8.12 The top 10 participants with the highest profits will receive cash prizes ranging from USD 100 to USD 10,000 as follows:
1st place: USD 10,000
2nd place: USD 5,000
3rd place: USD 3,000
4th place: USD 2,000
5th place: USD 1,000
6th place: USD 500
7th place: USD 400
8th place: USD 300
9th place: USD 200
10th place: USD 100
Note: Participants with losing accounts are not eligible for prizes.
8.13 When and how will the prizes be granted?
After the contest ends, winning accounts will be reviewed before prizes are granted.
Prizes will only be granted after the winner is deemed qualified. The exact time and method of granting prizes will be notified separately.
Before awarding prizes, we will contact you through your phone number and email address that you provided during registration and verify your identity. Please ensure your contact details are correct and check your messages or emails after the contest for verification instructions.
