No. Due to the risk of fraud – of someone opening more than one account in the competition to gain an unfair advantage – any accounts that are being used on the same computer during the contest will be closed. This measure is taken to make sure that trading in the ForexBall™ adheres to fairplay.
Admiral Markets is the broker that organizes, funds, and runs the ForexBall™ trading contest. We require you to register in the Admiral Markets Traders Room before you can register for the ForexBall™ rounds. This is just so we can keep track of the participants’ profit throughout the Forex championship. Registration is free and we don't ask for any financial information when you register. Besides that, your prize can only be credited in an Admiral Markets account.
No. We welcome everyone to join in this free tournament for up to 4 tries. No deposit, no credit card, no money of any kind is required. Just sign-up for free and participate in the Forex contest, it's as simple as that. No strings attached. To participate in more than 4 rounds you will be required to open and fund a live account.
You only have to register in the Traders Room once and that is it. But you do have to join each round of the ForexBall™ that you want to participate in separately, by logging in to the Traders Room. If you already have a Traders Room account, just login and you can register for the current or any upcoming competition rounds under the ForexBall™ section.
Only contestants whose current balance exceeds the initial starting deposit are displayed in the ForexBall™ standings. Also, the ratings are not a live feed but are updated periodically, several times a day, so make sure you check back later if you can't find your nickname.
Congratulations! You won! To collect your money, we require you to have a live account with Admiral Markets. You can create one after you have won and we will deposit the money there. Once the money is in a live account, you need to trade a certain volume of currencies before you are allowed to withdraw the initial balance and the profit. This is in line with the educational and training purpose of the ForexBall competition.
One round are 100 hours of trading, starting each week on Monday at 10-00 GMT and lasting until Friday at 14-00 GMT. One season consists of four rounds. During a weekly round contest, the participants compete against other traders in their division only; the three highest ranking players of each division win prizes. The seasonal rating is based on the results of the corresponding four rounds. Winners of the season are the traders who have shown the best overall performance during the four rounds of a given season. They do not need to win one of the weekly rounds to achieve the overall highest performance. Divisions do not matter for the monthly rating; the seasonal rating selects the best players on a global level.