1. What is the OspreyFX Gold Rush Trading Competition?
The OspreyFX Gold Rush Trading Competition is an exciting event for traders to showcase their skills between November 27th and December 6th, 2024. Participants will compete for cash prizes and funded trading challenges based on the highest account balance at the end of the competition.
2. When does the competition take place?
The competition runs from November 27th to December 6th, 2024, ending at the close of the NY trading day.
3. How can I enter the competition?
To enter, log into your OspreyFX account and create a trading account specifically for the competition. Please note that each user may only have one competition account. Trades must be conducted within this account to count toward your competition results.
4. Is there a maximum buy-in amount for the competition?
Yes, the maximum overall buy-in is $100. Depositing more than this amount will lead to disqualification. You may deposit the $100 in parts or all at once, depending on your preference. There is no minimum buy-in, but the highest account balance at the end of the competition wins, so maximizing your profit potential by depositing the full buy-in is recommended.
5. Can I withdraw funds from my competition account?
No, if any funds are removed from your competition account during the competition, you will be disqualified. You may withdraw funds from your competition account after December 9th, 2024.
6. What assets can I trade during the competition?
Only metals are tradable during the competition using the corresponding leverage for metals that is available on the broker of 200. Other assets will not be visible or available for trading in the competition account.
7. How is the winner determined?
Winners are determined based on the highest account balance at the end of the competition. The announcement of winners and the allocation of the resulting prizes will occur within 2 weeks after the competition ends.
8. What should I do with my positions before the competition ends?
To be eligible for a prize, all positions must be closed by the end of the NY trading session on December 6th. If you opt to leave positions open, you will not be considered for a prize, but you can continue trading as desired.
9. What are the prizes for the competition?
- 1st Place: $1500 Cash Prize
- 2nd Place: $1000 Cash Prize
- 3rd Place: $500 Cash Prize
- 4th Place: $100k Funded Challenge
- 5th Place: $50k Funded Challenge
10. Does OspreyFX have the discretion over the prizes?
Yes, OspreyFX reserves the right to have full discretion over the selection of winning parties and the awarding of prizes as a result of this competition.
11. Where can I find more information?
For further details, updates, or questions, please visit the OspreyFX website or contact our 24/7 Customer Support Team via chat or ticket.