Funded Account Challenge
This is our interactive program to attract & sponsor enthutuastic traders in the Middle East in order to obtain a funded portfolio for trading through JM Financial, as well as to support the Al-Noukhada program for copy trade by rewarding, supporting and funding emerging traders.
What is the challenge?
It is a contest for trading on demo accounts, where the participant opens a demo trading account with JM Financial in the dedicated section below, provided that trading is done on these accounts.
At the end of the competition, the three highest profitable trading account holders who fulfilled all the conditions of the competition will be selected to win funded live trading accounts totalling up to $6000 that will be added to their live accounts linked to the Al-Noukhada program for copy trade.
Awards
First Prize:
USD 3000
Second Prize:
USD 2000
Thrid Prize:
USD 1000
Registration:
The Funded Account Challenge' is currently on-hold
Please follow us on our Social Media pages for more information.
Winners of the September Funded Account Challenge
Place
Name
Account Number
Profit
Profit Ratio %
Number of Trades
1st
Omar Essam
24374
$8,537.02
70.74%
55
2nd
Mahmoud Ahmed
24473
$8,009.60
60.19%
100
3rd
Hala Dle
24488
$7,922.67
58.45%
2
Congratulations to the winners of the challenge, please contact our customer service within 15 days to claim your reward
Terms and conditions:
- Trading on the participating accounts will commence at the date specified above and anyone who violates this rule will be excluded from the competition
- Regardless of the number of open trades, the sum of all open trade sizes must not exceed 0.50 standard lot (half a standard lot) in total, otherwise the contestant will be disqualified from the challenge.
- Accounts will be approved to take part in the competition after the completing of KYC
- Once the account is approved (post KYC), the credentials will be emailed to the contestants and it is forbidden to change the default login password
- The demo account will be funded with the initial balance of USD 5000
- In the event that the winners do not complete the procedures for opening a trading account and registering in the Nokhatha program for copy trade within 15 days from the date of announcing the three winning positions, the prize will be automatically transferred to the next qualified winner without notice from the company.
- In the event that the prize winner does not trade for one month after the date of depositing the amount, the company has the right to withdraw the amount from the trading account.
- One registration per participant and the participating individual must cross the legal age limit of 18 years
- Each demo account must be linked to a single device in order to maintain and limit any possibilities of trading account manipulation from any kind of internal or external source
- All financial instruments on the platform will be made availabe to trade
- The first three winners will be the one who will achieve the highest positive balance in their demo accounts during the contest period and winners will receive funds in their live trading accounts that will be linked to Al-Noukhada program for copy trade. The winner will then be allowed to withdraw any profits made by trading the winning amount, minus the management fee imposed by the copy trading provider (if any). In case, if the trading account incurs loss of 20% or more, the winning amount will be withdrawn and the account will be closed.
- All open and active trading positions must be closed before the end of the competition, failing which, the contestant will be disqualified from the competition
- In case of tie amongst the competitors, in terms of trading profits achieved, ‘trading volume’ will be considered in order to determine the winner among the tied competitors
- JM Financial posses the right to publish the details of the winners such as their rank, name and demo account number on their website, social media and marketing campaigns,
- Contestants are not allowed to team-up or even link with other participants and share their trading strategies or influence any kind of behaviour that might affect their trading accounts or provide them with unfair advantage over other participants.
- Only the contestant is authorised to manage, operate and run his trading account without the help, support or supervision of any other person
- Current and past employees, vendors and contractors of JM Financial Services and JM Financial LLC are not allowed to participate in this competition
- JM Financial reserves the right to refuse entry to any participant in the competition based on their own discretion and without the need to provide any details or reason, whatsoever
- JM Financial is not responsible for any data transmission loss, power failure, system errors or any kind of unforeseen circumstances that may affect the results of the competition
- JM Financial reserves the right to arbitrate, abandon, modify or even void one or more of these terms and conditions during the course of this competition
- JM Financial reserves the right to disqualify one or more competitors in the event of suspected misuse, violation, malpractice, cheating or circumvention of the above mentioned terms and conditions
- The winners of the challenge can't participate in another challenge until after 6 months from the date of which they won the challenge
