The Demo account can be a useful asset in assisting traders in cultivating a disciplined trading strategy without focusing on P/L. On the demo account, as a result, traders can more easily manage a disciplined trading strategy.

All, new and old,  Metex clients can apply for the King of the Demo Contest. The participation is  for FREE. Every participant compete for 3 prizes totaling $135 US in cash. 1st place gets $100, 2nd $25, 3th $10US. The winners are determined by calculating the highest percentage gain each week. The gain is determined by Mark-to-Market. In other words, your gains are based on your Equity, not your Balance – so be careful about Floating P/L.
1. CONTEST ENTRY AND ELIGIBILITY:
The contest is open to new and existing Metex clients. There is only one entry per account holder or trader.

2. CONTEST TRADING PERIOD:
The contest will begin on the Sunday 2:00 pm, and will end on the Friday 4:00 pm same week. Open positions need not be liquidated for purposes of determining the winners. Percentage gain will be based on ending gross P/L (including floating P/L) as a ledger balance against the beginning balance for the calendar month. If deposits are made, Metex will use the highest balance as a ledger against the ending gross P/L.

3. CONTEST TRADING ACCOUNT:
Entrants agree to deposit a minimum of  FREE  into an Metex Investments Inc. Account. Funds may not be withdrawn from the account.

4. CONTEST TRADING REGULATIONS:
The purpose of the Contest rules is to ensure that every trader will have the same opportunity for success as the other traders. Metex  reserves the right to amend, waive or interpret any rule in its sole discretion when doing so would be in the best interests of the contest.

5. DETERMINATION OF THE WINNERS:
Each week the top three traders will be determined as follows: The Metex Demo Account will be marked to market on the close of the trading day (4:00 PM New York time) on the last day of the week in order to figure the Entrant’s “ending P/L.” For the purpose of the contest results, ending P/L (including floating P/L) will be the ledger balance against the beginning balance. The three traders with the highest percentage gain will be determined the winners.

6. USE OF CONTEST FOR PROMOTIONAL PURPOSES:
To be eligible for participation in the King of the Demo Contest, all traders must be willing to let their trading record be published and/or distributed by Metex.

7. COMMUNICATION DELAYS:
Metex shall not be responsible for any delays in the acceptance or transmission of orders due to a breakdown or failure of transmission or communication facilities, or for any other cause beyond their reasonable control or anticipation.

8. NO SCALPING:
At Metex’s discretion, entrants may be removed from the contest for employing trading techniques resembling “scalping” or “picking”.

9. NUMBER OF TRADES:
Entrants in the contest must trade a minimum of 30 trades (number of tickets) per week. Failure to comply with this rule will result in disqualification.

10. DISENTITLEMENT:
Metex has sole discretion to disqualify any Entrant found in violation of the rules of the contest or applying inappropriate trading strategies.

11. POSTPONEMENT OR CANCELLATION:
Metex  reserves the right to extend the trading period, to postpone the starting date until after the first of each month, or to cancel the contest if Metex, in it its sole discretion, determines that such action is reasonable or necessary. Metex, in its sole discretion, may reject any Entrant’s application for any reason.

KING of the DEMO Winners Results

Week # Name Location %Gain Reports Prize 1st PRIZE Tony Canada 9% click here $100 2nd PRIZE Peter Sutton USA 4% click here $25 3rd PRIZE Anna Petrova Russia 3.8% click here $10 *Contest results will be updated on Friday every week.