ForexChief broker has announced that registration for the 11th round of the popular Golden Whale contest is now open. This monthly trading competition allows participants to combine their regular trading activities with the excitement of competing for substantial prizes in the form of real money.

The Golden Whale contest offers a total prize pool of $5,000 distributed among 20 winners.

Highlights:

- Prize pool: $5,000, split between 20 winners.

- Flexibility: any trading strategies and robots (EA) are allowed.

- Immediate withdrawal: prize money can be withdrawn immediately with no restrictions.

- Flexible participation: participants can stop participating at any time without losing their accumulated funds.

To participate in the contest, traders need to open a live account or use an existing account that meets the following criteria:

- Account type: MT4.DirectFX or MT4.Classic+.

- Account currency: US dollars.

- Account Status: New accounts with no previous trading history.

- Account Restrictions: Accounts must have no active trading credits, welcome bonus or no deposit bonus.

In addition, participants must fund their account with at least $100. Each trader is limited to one contest account at a time, and ForexChief reserves the right to disqualify any contestant using multiple accounts. However, traders may request to rejoin the contest with a different account if all other contest accounts are removed.

Participants can make deposits and withdrawals from their contest accounts without any restrictions during the contest period. They are free to trade any available instruments, using any strategies or robots (EA).

The winners will be determined according to the following formula:

- Winning Formula: Return = (Net Profit / Amount of Deposits) x 100.

- Net Profit: Includes both realized and unrealized gains and losses.

- Amount of Deposits: Refers to the total amount of deposits made during the contest period.

The broker emphasized that participants must complete a minimum of 10 transactions to participate in the contest. ForexChief reserves the right to disqualify any participant who fails to fulfill this requirement. In addition, hedging positions on the contest account using other trading accounts (whether ForexChief or other brokers) is strictly prohibited. Activation of the Swap-Free service on a contest trading account is also not allowed.