After sign up, participants will receive email regarding their account opening details from Samtrade FX.
All participants will receive email with their DEMO trading account information for the competition period from Samtrade FX.
All participants will be given a sum of $10,000 virtual cash in DEMO account at the beginning of the competition.
All participants conduct trading operations on DEMO accounts.
Any trades initiated will automatically be deducted from their account once the order is submitted.
When submitting any order, this order will be checked against their cash equity to ensure sufficient funds in their account. Orders will be rejected if there are insufficient funds in their cash equity.
Leverage used will be 1:50.
Forced-Liquidation – Participants will be forced-liquidated when participants’ equity reach zero.
No placing of trades when the market is closed.
No usage of algorithmic trading systems. All trades must based on manual trading.
Participants must have a minimum of 5 trades per week.
Participants are to close their positions by 13/11/2019. Any open positions would be closed to facilitate the calculation of the final score and ranking of the Participants.
Winners will be declared based on their Return on Investment (ROI) ranking.
Calculation: (Gain from investment – Cost of Investment) / Cost of investment x 100
If ROI is a tie, judges will decide based on drawdowns (Risk Management).
NUS Invest reserves all rights to amend or change the rules of the competition if deemed necessary and it includes the act of withholding bonus starting virtual cash if the procedures are not followed correctly. All decisions made by the judging panel of NUS Invest competition will be final.
Results will only be released on 14/11/2019 and NUS Invest reserves all rights to forfeit the prize to the next runner-up if the winning participant is not present.
The prize presentation ceremony will be held on Finale Night, 16/11/2019, 7PM to 9PM.
Competition will start on 30th October 0000hrs to 13th November 2359hrs, the time zone will be UTC +08:00.
Finding ways in the system loophole to gain an advantage to the participants is strictly not allowed. For example, a participant who was trading with more than one competition account during the competition period will be disqualified.
NUS Invest reserves all rights to disqualify any participant if found to be cheating.
In any case of dispute NUS Invest reserves all rights to make the final decision.
No extra trading time or allowance will be give if participants fails to start on the actual date.
Sharing of trading idea is allowed. However, copying of trade(s) is/are not allow.
NUS Invest retains the right to change the competition rules or selection criteria if unforeseen circumstances should arise or if an appreciable error has occurred.
The weekly results of completed rounds cannot be revised.
By entering the Competition, all participants will be deemed to have consented to receiving mailers, promotional materials or other documents provided by NUS Invest and Samtrade FX. Such documents will be sent directly by NUS Invest or Samtrade FX without disclosure of the participants’ particulars to non-affiliated third parties
All decisions made by the organizers, NUS Invest and Samtrade FX, are final.
1) Why I can't login to my account?
A) Make sure the server is Samtrade-Demo
2) I login with Investor Password, why the order button is disabled/I can't place order?
A) Please login with the Master Password. Investor Password logs you in read-only mode, which doesn't allow order placement.
3) I am using Mac OS, how do I install the MT4 trading platform on Mac?
4) Why I didn't receive my MT4 account information for the competition?
A) Please check your spam folder. Contact us at [email protected] if you really didn't receive your account details.
5) When will I know the competition result?
A) Results will only be released on the Finale Night, 16/11/2019, 7PM to 9PM and NUS Invest reserves all rights to forfeit the prize to the next runner-up if the winning participant is not present during the prize presentation ceremony.