As of June 2009, there is no monetary prize given out to winner.

24FX offers a forex trading platform for everyone to experience real live trading without investing real money. 24FX's Demo Trading Competition ("Demo Trading Competition") is a Forex trading competition for clients of 24FX that have active demo accounts. The Demo Trading Competition will consist of monthly round, with winners in each monthly round.

The Demo Trading Competition is on a monthly basis and traders must register for a new demo account every month before or during the running month contest in order to participate in the monthly contest. The winner of each month is determining with the highest percentage (%) increase in equity. Percentage increase in equity is calculated based on initial balance of $50,000. 24FX has the right to terminate the competition at anytime.

Demo Trading Competition

The Demo Trading Competition will be a competition between traders that have active demo accounts with 24FX, and will consist monthly round beginning May 1st, 2008. The first place winner of each Round of the Demo Trading Competition will be awarded with a US$1500 Live Trading Account with 24FX. The first place winner to be determined by the competitor that has the greatest percentage (%) increase in their demo trading account equity during each monthly Round. There will also be a US$1000 Live Trading Account awarded to the competitor that has the second greatest percentage (%) increase in their demo trading account equity with 24FX during each monthly Round. In addition, the competitor that has third greatest percentage (%) increase in their demo trading account equity with 24FX during each monthly Round will be awarded with a US$500 Live Trading Account with 24FX.

Collectively the aforementioned awards are referred to as the "Competition Awards".

Eligibility Requirements

1) Traders must have an active demo account as of May 1st 2008 at 5:00 PM ET, to be eligible to compete in the first Round of the Month of May 2008 Demo Trading Competition. Customers must have an active demo account as of June 1st 2008 at 5:00 PM ET to be eligible to compete in the second Round of the Demo Trading Competition and so forth.

2) Competitors must make a total of at least ten (10) trades during each Round to be eligible for the Competition Awards.

3) Competitors must only use only one demo account in the Demo Trading Competition in order to be eligible for any of the Competition Awards.

4) Competitors must provide a valid name and email to be entered, and be awarded a Competition Award, in the Demo Trading Competition.
5) All active 24FX' demo accounts prior to May 1, 2008 at 5:00 PM ET, will automatically be entered into the month of May 2008 Demo Trading Competition. All traders that register for a demo account after June 1st, 2008 at 5:00 PM ET, but before June 30th, 2008 at 5:00 PM ET, will automatically be entered into the month of June 2008 Demo Trading Competition. All traders that register for a demo account after June 30th, 2008 at 5:00 PM ET, but before July 31st, 2008 at 5:00 PM ET, will be automatically entered into the month of July 2008 Demo Trading Competition and so forth. The winners and non-winners from the prior months are automatically enrolled in the each following month’s competition. The competition will go on in a monthly basis until 24FX discontinue it.

Announcement of Leaders

The top ten (10) leaders of each Round will be posted on http://www.24fx.com/Game/Scoreboard.html by the Monday following the first week of each monthly Round. The winners of each monthly Round of the Demo Trading Competition will be announced on http://www.24fx.com/Game/Scoreboard.html by the close of business on the Monday following the completion of each monthly Round. There is no fee required to enter the Demo Trading Competition.

Winners and Awards

The Demo Trading Competition first place award of a US$1500 Live Trading Account with 24FX will be given to the competitor that has the greatest percentage (%) increase in their demo account equity during each monthly Round. There will also be a US$1000 Live Trading Account awarded to the competitor that has the second greatest percentage (%) increase in their demo trading account equity with 24FX over each monthly Round. In addition, the competitor that has the third greatest percentage (%) increase in their demo trading account equity with 24FX during each monthly Round will be awarded with a US$500 Live Trading Account with 24FX. In the case of a tie for an award, the trader with the most trades during the Round will be the winner of the award. The calculation is based on the beginning equity minus ending equity on the competition month, divided by the beginning equity multiply by 100%. Competitors can win awards in more than one monthly Round.

Winners of awards must complete a Live Account application, and provide the necessary documentation to open a Live Account with 24FX by 15th of each following month to receive their award. All Competition Award winners must trade a minimum of 5,000,000 currency units in their Live Account before being able to withdraw the funds received from the Demo Trading Competition awards from their Live Account. Winners of awards will not be obligated to add any equity to their Live Account, or purchase other services, from 24FX.

Demo Trading Competition Bonus

All non-award winning competitors in the Demo Trading Competition will receive a US$50 bonus if they open a Live Account with 24FX of at least US$500, or add US$500 to their existing Live Account. The bonus of US$50 will be added to the customer’s Live Account when the account is funded. Customers receiving the US$50 Demo Trading Competition must trade a minimum of 200,000 currency units in their Live Account before being able to withdraw the US$50 bonus from their Live Account.

Opt-Out

Clients can opt-out of being a participant in the Demo Trading Competition if they choose to; opting-out can be completed by emailing 24FX at admin@24fx.com.

Additional Information and Disclosure

In order to be eligible for the competition and awards, competitors must be willing to let their first initial, last name, country of residence, and trading performance during the Demo Trading Competition to be published by 24FX during and after the Demo Trading Competition in a publicly viewable format. The winners of each monthly Round of the Demo Trading Competition will be announced on http://www.24fx.com/Game/Scoreboard.html by the close of business on the Monday following the completion of each Round. The winners of the Demo Trading Competition may be requested to provide a testimonial; the use of the testimonial being at the sole discretion of 24FX, with the approval of the winner of the Demo Trading Competition.

By participating in the Demo Trading Competition, competitors agree to abide by these Demo Trading Competition Rules, and the decisions of 24FX regarding the Demo Trading Competition are final and binding. 24FX reserves the right to amend the Official Rules of the Demo Trading Competition at any time as the company deems appropriate.

Employees of 24FX, its subsidiaries, affiliates and suppliers, and their immediate families are not eligible to compete in the Demo Trading Competition.

The Demo Trading Competition is void where prohibited. Customers must be 18 or older to participate.

24FX.com believes that customers should be aware of the risks associated with over-the-counter, spot Forex. Forex trading is highly speculative in nature which can mean currency prices may become extremely volatile. Forex trading is highly leveraged, since low margin deposits normally are required, an extremely high degree of leverage is obtainable in foreign exchange trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds. Since the possibility of losing your entire cash balance does exist, speculation in the Forex market should only be conducted with risk capital you can afford to lose which will not dramatically impact your lifestyle. For additional information, please email 24FX at admin@24fx.com.