Traders' Challenge

In order to participate in the Competition, for existing traders you will need to create a new trading account. This can be done via the “Request For New Trading Account” on your main account dashboard after logging in.

For new traders, you can create a new account at Open Live Account

Only Live Accounts on the MetaTrader 4 platform are eligible for the Competition. Competition Accounts will be set in USD currency only.

All accounts that are taking part in the Competition will be trading with a leverage of 1:100. This cannot be changed.

The minimum capital to participate in the Competition is USD 500. You can choose to top up your account at any point of time.

The Competition will commence on the first trading day of the month, and end on the last trading day of the month. In the event you have existing open positions that aren't close before the end of the month, do note that all open positions will be included in the final tabulation of the position rankings.

When the trading month ends, the Competition will roll over to the next month. Each month is considered one season.

Participants must register their full name when creating an account. You understand and agree that the full name registered will be used in the Competition rankings, and therefore visible to all participants.

Only the top 3 winners of each category will have their names listed on the Hall of Fame page on this website.

There are 2 types of main rankings:

1. Absolute Value
2. ROI

The calculation for ROI is a percentage based on your total P&L over your overall capital at the end of the season.

The calculation for Absolute Value is based on the total P&L for each season.

To spice things up during the season, we will also have Bi-Weekly Challenges such as the follows:

1. NFP Challenge
2. Precious Metals
3. Oil
4. CFDs
5. FOMC Challenge
6. USD Pairs
7. EUR Pairs

The terms and conditions for each of these Bi-Weekly Challenges will be posted separately.

Point System & Bonuses

1. Margin Stop Outs

   To reduce the impact of margin stop out on traders, any accounts taking part in the Competition that suffer a margin stop out will have 5% of the trading commission rebated in the form of credit.

2. Account Opening bonuses

   When you first fund your account, you will receive additional credit to help in your trading. The different tiers are as follows:

   Funding Amount	Credit Rebate
   USD 5,000 – USD 9,999	5 %
   USD 10,000 – USD 14,999	7 %
   > USD 15,000	10 %

   *Credit rebates are capped at USD 20,000

3. SamRewards Loyalty Programme

   To reward our most loyal and active traders, we have implemented a loyalty programme where you earn SamPoints for each contract that you trade. These SamPoints can be redeemed for Cash Rebates or items. For more information on SamRewards, please visit SamRewards™

4. Credit top-up frequency

   The top up amount that will be given credit is subjected to a cap of USD 20,000 for each season. Credit will only be given on top up amount, not on the total balance.

5. Removal of Credits

   1. Any form of internal fund transfers or withdrawals over the course of the season will result in the removal of all credits earned during that season.

   2. At the end of the season, all credits earned will be removed.

   3. Any account with negative balance will result in the removal of credits.

Prizes

1. Cash prizes will be awarded to the 1st winner for the “Absolute Value Winner” category. This cash prize will be credited straight into your trading account.

2. SamPoints will be awarded to the winners of the following categories. The amount of coins to be awarded will be released after the end of each season.

   1. ROI Winner

   2. Bi-Weekly Challenge Winners

3. The different items that can be redeemed through SamRewards cannot be converted into cash.

4. In the event that the 1st winner for both Absolute Value Winner and ROI Winner is the same person, only the prize for Absolute Value Winner will be awarded.

Certifications

Upon completion of each season, e-Certificates will be provided for the top 3 traders in each category

Asset managers, introducing brokers, clients of asset managers as well as companies are not eligible to take part in the Competition. All accounts that are participating in this Competition have to be individual accounts.

No correspondence will be entered into regarding this Competition. No legal redress is available.

S.A.M. Trade reserves the right to alter, extend, cut short or cancel this Competition at its sole discretion at any time, without prior warning and with no liability on its part.

This Competition is governed by the laws of the Republic of Saint Vincent and the Grenadines and shall be subject to the exclusive jurisdiction of the Republic of Saint Vincent and the Grenadines courts.