Discussion of the Forex Contest DNA Markets Forex Contest

bach345 posted:
Hi can u give me the link dna market where I can sign up for real account

xian0971 posted:
If you're champion and got 3000$ as trading credit but no real balance so you still need deposit 😄 In addition trading credit is useless when your capital is small or else you are very confident with certain pair and place big lot then you only can earn a good income. Btw imma just participate it for fun!

kraimen posted:

dnamarkets posted:

EBEGUCHIBUZOR posted:
The can the winner trade with the money without funding his account again

Hi EBEGUCHIBUZOR,

That's an excellent question.

I can confirm that while the trading credit is not withdrawable, it allows you to trade up to the credited amount without needing to make a deposit. Any profits made from trades using the trading credit are fully withdrawable, with the minimum withdrawal amount being $100.

Kind regards,

David
DNA Markets

Are there any additional rules?

For example, what pairs are allowed and counted in this competition?

Is the use of EA or trading robots allowed?

kraimen posted:

Staff posted:
This topic is for discussing the DNA Markets ($6000 prize) Forex Contest

Are there any additional rules?

For example, what pairs are allowed and counted in this competition?

Is the use of EA or trading robots allowed?

dnamarkets posted:

xian0971 posted:
If you're champion and got 3000$ as trading credit but no real balance so you still need deposit 😄 In addition trading credit is useless when your capital is small or else you are very confident with certain pair and place big lot then you only can earn a good income. Btw imma just participate it for fun!

Hi xian0971,

Happy Monday!

While the accounts are being credited with trading funds, you will NOT be required to deposit any money to use them. The only restriction is that you cannot withdraw the credited funds themselves. However, you will be able to withdraw any profits earned from these trading credits from the trades you do.

I hope this clarifies your question, and I look forward to having you in the competition.

Kind regards,

David
DNA Markets

dnamarkets posted:
Hi All,

We will be updating the prize pool to reflect the correct amounts due to an error in the previous listing.

Please see below the actual prize pool values, totalling $6,000 USD.

1st: $3,000
2nd: $1,000
3rd: $700
4th: $400
5th: $300
6th: $200
7th: $100
8th: $100
9th: $100
10th: $100

Kind regards,

David
DNA Markets

dnamarkets posted:

kraimen posted:

Staff posted:
This topic is for discussing the DNA Markets ($6000 prize) Forex Contest

Are there any additional rules?

For example, what pairs are allowed and counted in this competition?

Is the use of EA or trading robots allowed?

Hi kraimen,

Sorry for the delay in the response.

I can confirm we will not allow EA's or trading robots.

I can also confirm you do not have any restrictions on what you trade.

Kind regards,

David
DNA Markets

Amsunny1 posted:
Any daily drawdown rules or restrictions? Kindly state now before we start the contest.

ForexMusti posted:
What's the highest lot size that can be used in one trade?

xian0971 posted:

dnamarkets posted:

xian0971 posted:
If you're champion and got 3000$ as trading credit but no real balance so you still need deposit 😄 In addition trading credit is useless when your capital is small or else you are very confident with certain pair and place big lot then you only can earn a good income. Btw imma just participate it for fun!

Hi xian0971,

Happy Monday!

While the accounts are being credited with trading funds, you will NOT be required to deposit any money to use them. The only restriction is that you cannot withdraw the credited funds themselves. However, you will be able to withdraw any profits earned from these trading credits from the trades you do.

I hope this clarifies your question, and I look forward to having you in the competition.

Kind regards,

David
DNA Markets

So these trading credits are able to use for trading purpose? When lose it will only decrease the trading credit amount and win will increase the balance for future withdrawment? If so it sounds attractive now.

samuelsam posted:

xian0971 posted:

dnamarkets posted:

xian0971 posted:
If you're champion and got 3000$ as trading credit but no real balance so you still need deposit 😄 In addition trading credit is useless when your capital is small or else you are very confident with certain pair and place big lot then you only can earn a good income. Btw imma just participate it for fun!

Hi xian0971,

Happy Monday!

While the accounts are being credited with trading funds, you will NOT be required to deposit any money to use them. The only restriction is that you cannot withdraw the credited funds themselves. However, you will be able to withdraw any profits earned from these trading credits from the trades you do.

I hope this clarifies your question, and I look forward to having you in the competition.

Kind regards,

David
DNA Markets

So these trading credits are able to use for trading purpose? When lose it will only decrease the trading credit amount and win will increase the balance for future withdrawment? If so it sounds attractive now.

I have a question regarding the credited funds awarded for winning a trading competition or achieving a certain position in the rankings.

From my understanding, after being declared a winner and receiving the respective credited funds (or position prizes), these credited funds cannot be withdrawn directly. Instead, they must be used for trading on the platform.

My specific queries are:

Credited Funds Withdrawal: Is it correct that the initial credited funds/prizes cannot be withdrawn directly from my account?

Profits from Trading: If I use these credited funds for trading and generate profits, are these profits eligible for withdrawal?

Usage Restrictions: Are there any specific restrictions or conditions on how the credited funds must be used for trading on the platform?

For example, if I win $1,000 in credited funds and use this amount for trading, can I withdraw only the $200 profit I make from these trades while the original $1,000 or I can withdraw everything including the price and the profit.

Please clarify these points to ensure I fully understand the terms and conditions regarding the use and withdrawal of credited funds and any profits made from them.

Thank you for your assistance.

Best regards,

Staff posted:
This topic is for discussing the DNA Markets ($6000 prize) Forex Contest