At Forexgen they offer 1-3 Spread on 10 currency pairs.
There is a Demo Account Contest.
1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.
First deposit bonus
First deposit you get 10%
maximum Bonus 250$ on mini account (that means deposit 2500$ to get 2750$)
maximum Bonus 500$ on standard account (that means deposit 5000$ to get 5500$)
ForexGen mini Accounts Live Account Contest
First place: 50% of the account profit
Second place: 40% of the account profit
Third place: 30% of the account profit
Fourth place: 20% of the account profit
Fifth place: 10% of the account profit
Conditions for Mini Account
Maximum deposit is 2500$
lots that are tradable are 1k and 10k
Leverage 200-500x
so my goals are:
1. Collect 2000$
2. Win the demo Contest to get 250$
3. deposit 2250$ so I will have 2475$
4. Winning the live mini account Contest
1000$ and level 200x
I hope to get a 50-100% Profit in 1 month its 500-1000$ Profit
so if I finish in
First place: 50% of the account profit 250$-500$
Second place: 40% of the account profit 200-400$
Third place: 30% of the account profit 150-300$
Fourth place: 20% of the account profit 100-200$
Fifth place: 10% of the account profit 50-100$
The contest
So total benefit of Forexgen can be 250$ from Demo Account playing, 250$ deposit Bonus, 100-500$ Contest Bonus
Possible profit is 500-1000$.
