Help CenterNOZAX Trading Competition is Here! 🎉
NOZAX is proud to announce a new trading competition awarding the top 6 trading accounts ranked by Monthly P/L %. All accounts active in a calendar month automatically participate in the competition. Each month, the top 6 accounts will be awarded an online certificate and a monetary award (subject to change).
Ranking criteria: Accounts are ranked based on the Monthly P/L %.
- Monthly P/L: Monthly P/L is calculated as a change of account Equity from the end of the previous month until the end of the competition month, net of the sum of Net Deposit and Net Credit deals within a month. The formula is: Monthly PL (USD) = Equity at the end of the month - Credit at the end of the month - Net Deposit from the beginning to the end of the month (In – Out) - (Equity at the end of the previous month -Credit at the end of the previous month) converted from account currency to USD with the rate on the last day of the month.
- If an account was created after the beginning of the month, Equity and Credit at the end of the previous month are 0
- Monthly P/L %: Monthly P/L % is monthly profit and loss expressed as a percentage of the sum of starting Equity at the end of the previous month and Deposit during the current month. The formula is: Monthly P/L % = Monthly P/L / (Equity at the end of the previous month + sum of Deposit in current month) * 100
- If an account was created in the current month, then Monthly PL will be divided by the sum of the Deposit in the current month only, as there is no Equity at the end of the previous month.
- Furthermore, participants who received stopout compensation or whose Profit/Loss (P/L) equaled zero are excluded from eligibility.
- The Monthly P/L must be greater than or equal to 10 USD for eligibility.
The competition is open to all traders, regardless of experience level. So whether you’re a beginner or a seasoned pro, now is the time to prove your trading skills and get rewarded.
To make sure the competition is fair, the rules are simple. All accounts active in a calendar month automatically participate in the competition. The top 6 accounts will be awarded an online certificate and a monetary award:
- 1st award: $100
- Plus 5x$50
So what are you waiting for? Join NOZAX now and start competing for the top spot! Good luck! 💚