Micro Trading Contest

Contest Rules

1. CONTEST ENTRY AND ELIGIBILITY
   The contest is open to new and existing FXCM Micro clients. There is only one entry per account holder or trader
2. CONTEST TRADING PERIOD
   The contest will begin on the first trading day of each month, and will end on the last trading day of each month. Open positions need not be liquidated for purposes of determining the winners. The percentage gain will be based on the ending gross P/L (including floating P/L) as a ledger balance against the beginning equity at the start of the contest. All results at the conclusion of trading will be adjusted for deposits made during the competition. There will be no restrictions on withdrawing your prize money.
3. CONTEST TRADING ACCOUNT
   In order to win the monthly prize, traders must have a minimum balance of $500 by the first trading day of that month. All FXCM Micro accounts with a minimum balance of $500 at the beginning of the month are automatically entered in the contest. Withdrawing funds from your account during the duration of the contest will disqualify you from the contest.
4. CONTEST TRADING REGULATIONS
   The purpose of the contest rules is to ensure that every trader will have the same opportunity for success as other traders. FXCM reserves the right to amend, waive or interpret any rule in its sole discretion when doing so would be in the best interests of the contest.
5. DETERMINATION OF THE WINNERS
   Each month the top three traders will be determined as follows: The FXCM Micro account will be marked to market at 5:00 PM New York time on the first day of the month and on the close of the trading day (4:59 PM New York time) on the last day of the month in order to determine the Entrant's beginning ledger balance and ending ledger balance. For the purpose of the contest results, ending P/L (including floating P/L) will be the gain or loss of the ending ledger balance against the beginning ledger balance. The three traders with the highest percentage gain will be determined the winners.
6. USE OF CONTEST FOR PROMOTIONAL PURPOSES
   To be eligible for participation in the King of the Micro Contest, all traders must be willing to let their trading record be published and/or distributed by FXCM, its agents, and successors during and after the life of the contest. Personal information such as, but not limited to, your name, address and account number(s) will not be published. If the trader chooses not to release his/her trading record he/she must opt-out of the contest, hence, he/she will be disqualified from the contest.
7. COMMUNICATION DELAYS
   FXCM shall not be responsible for any delays in the acceptance or transmission of orders due to a breakdown or failure of transmission or communication facilities, or for any other cause beyond their reasonable control or anticipation.
8. NO PICKING
   At FXCM's discretion, entrants may be removed from the contest for employing trading techniques including but not limited to, "picking", use of orders or Margin Calls inappropriately, and over-leveraging. Receiving a Margin Call is grounds for disqualification.
9. NUMBER OF TRADES
   Entrants in the contest must trade a minimum of 10 trades (number of tickets) per month. Failure to comply with this rule will result in disqualification.
10. DISENTITLEMENT
    FXCM has sole discretion to disqualify any Entrant found in violation of the rules of the contest or applying inappropriate trading strategies.
11. POSTPONEMENT OR CANCELLATION
    FXCM reserves the right to extend the trading period, to postpone the starting date until after the first of each month, or to cancel the contest if FXCM, in it its sole discretion, determines that such action is reasonable or necessary. FXCM, in its sole discretion, may reject any Entrant's application for any reason.
12. TAXES
    If required by law, FXCM will furnish an IRS 1099 Form to winners of the contest for the cash value of the prize for the tax year in which the prize was won. Winners are solely responsible for all federal, state, and local taxes on the prize, and FXCM shall have the right, but not the obligation, to make any deductions and withholdings that FXCM deems necessary or desirable under applicable federal, state, and local tax laws, rules, regulations, codes, or ordinances.
13. CONTEST OPT-OUT
    Eligible traders are not required to participate in the trading contest. Traders can choose to opt-out from contest at any time prior, during and after the contest. Without opting out, you are subject to the contest rules. Opting out will result in disqualification from the contest. To opt-out, please contact us via e-mail at: info@fxcm.com
    
    or send your request to:
    
    Forex Capital Markets LLC
    Attention: KOM Contest Opt-Out
    Financial Square
    32 Old Slip, 10th Floor
    New York, NY 10005