What is a Competition?

Type of competition	Icon	Description
One Against One		Two traders competing one against the other.
Team Against Team		Two teams of traders competing one against the other. The maximum number of team members may be limited by the Administrator.
Free for All		A group of traders may participate but each trader trades individually. The maximum number of participants may be limited by the Administrator.

Name – the name of the competition that is shown to traders, the Manager and the Administrator.


Type – one of the three competition types listed above.


Bonus – the bonus from FXOpen (enters into the prize fund).


Registration (Start Date, End Date) – the date and the time when the registration for this competition starts/ends.


Competition (Start Date, End Date) – the date and the time when this competition starts/ends.


Profit Bonus – includes the maximum total amount of all bonuses for this contest and the percentage of the start-up capital increase necessary for the bonus gaining (i.e. when a trader increases the start-up capital by 10% or more, he/she will get 1%* from the received profit).


Terms of bonus – the mandatory terms which a trader must observe to make a bonus withdrawal possible (for example, minimal count of performed trades, etc).


Fee (Entry fee) – the amount of money a trader is required to pay to take part in the paid competition (Level 2).


Prize – a fixed percentage of the entry fees paid by all participants of the competition (the prize fund is composed of this percentage + bonus from FXOpen).


Competition Organizer – the name of the person who created the competition.


Pairs of Currencies – currency pairs or other instruments (e.g. gold or silver) that can be traded in this competition.

Total Number of Rooms – total number of Trading Rooms (see Trading Rooms) available in this competition.


Total Number of Joined Members – total number of participants with Member (see Competition Member’s Status) status.


Total Number of 'Wish to Play' Members – total number of participants indicated their willingness to take part in the competition (see User Guide for Traders).


Min Lot Size – the minimum volume that can be used for trading in the competition.


Max Lot Size – the maximum volume that can be used to trade in the competition.


Start Debit – the starting amount of virtual money that will be added to the member’s demo account.


Using Expert Advisers – this parameter specifies if using Expert Advisors is allowed in this competition¹ or not.


Leverage – the borrowed to own funds ratio that must be maintained in members' accounts.


Maximum Orders – the maximum allowed quantity of simultaneous active orders.


Status – see Competition Status.


Rating (Competition Rating) – the total number of participants in all subscriptions of this competition.

For the period the Competition Status remains Registration Started the Competition Rating is always equal to 0 and will be changed just after the Competition is started (Competition Started status).

Prize money for Level 1 competitions is indicated in USD (absolute value), while for Level 2 competitions, prize money depends on the number of participants and is indicated in percent from the total prize money pool.

Registration Started – the registration of participants in this competition has already started but has not ended yet;


Registration Finished – the registration for this competition has already ended, but the competition itself has not yet started. At this point the Trading Rooms are being reviewed (see Trading Rooms) and those ones that do not comply with the Rules will be deleted and entry fees will be returned to traders’ accounts;


Competition Started (Running) – the competition has already started but has not yet ended;


Competition Finished – the competition has ended; the competition results are being analyzed and will be announced by the administrator within 48 hours from its end.

None – this status is assigned to traders in any newly-created competition, until they express their willingness to participate in it or join at least one of the trading Rooms (see Trading Rooms).


Member – traders may get this status if they have been invited to join a competition (for both level 1 and level 2 competitions).


Player – traders may get this status in one of the two cases:
after they have confirmed their participation in a competition by clicking Wish to play;
after they accepted an invitation to take part in a competition by clicking Join and the entry fee has been successfully withdrawn from their account.