FXCL Markets has announced an exciting Summer Contest, inviting traders to compete for a chance to win a share of the $1000 prize pool. This contest, which will run from August 5 to August 9, 2024, offers traders a unique opportunity to showcase their skills and win cash prizes without having to make an initial deposit.

The summer contest is designed to be simple and affordable. Participants need to follow the steps below to participate:

- Open a contest account: Participants must open a contest account with an initial virtual deposit of $888.

- Daily trading volume: participants must execute a daily trading volume of at least 0.10 standard lots throughout the contest period.

- Maximize profits: traders aim to maximize profits in their account during the contest period.

- Win prizes: The top 20 participants with the highest account balance at the end of the contest will receive prizes.

The prize pool of $1,000 will be distributed among the top 20 participants as follows:

For real accounts:

1st place: $300

2nd place: $200

3rd place: $150

4th place: $100

5th place: $75

6-7th place: $50

8-10 places: $25

Cashback accounts:

11th-15th place: $50

16-20th place: $25

Participants must comply with the following terms and conditions to enter the contest:

- Account Requirements: Participants must link an active real account in USD currency (no fixed rate) when opening an account for the contest if they are aiming for top 10 prizes. A Cashback account must be linked for those aiming for the 11th through 20th places.

- Trading Conditions: The trading conditions for the contest account are identical to those for the standard account.

- Minimum Balance Requirements: at the end of the contest, participants must have a balance of at least $1,021 (initial deposit of $888 plus 15% profit) to qualify for the prize.

- Allowed Strategies: any trading strategies are allowed, but the use of EAs is prohibited.

FXCL Markets encourages all eligible traders to participate and wishes everyone the best of luck in achieving impressive trading results during the contest.