The Contest terms

  • To take part in the contest, it is necessary to register through  forex.muganbank.az. 
  • Each participant is provided with a virtual deposit for an amount of USD 3 000 and Stop out level 100%. 
  • A participant is entitled to working with one account  only for the duration of the contest. 
  • In the event that the same IP is found out to be used in two or more accounts, the Bank reserves the right to prematurely annul these accounts and disqualify such paticipants for the contest. 
  • Upon the end of the contest the first three contestants whose  account balances are the most are announced the winners.
  • The rewarding of the winners is carried out upon postingcontest results on the Bank’s web-site.  
  • The winners are rewarded with the following prizes: 
  1. First place – A bonus of USD 500 is added  into  a real Forex account to be opened. In this case, the withdrawl of funds from the account is possible only after conducting at least 5 lots of trading transactions for the duration of the bonus-added account.
  2. Second place – A bonus of USD 400 is added  into  a real Forex account to be opened.  In this case, the withdrawl of funds from the account is possible only after conducting at least 4 lots of trading transactions for the duration of the bonus-added account.
  3. Third  place – A bonus of USD 300 is added  into  a real Forex account to be opened. In this case, the withdrawl of funds from the account is possible only after conducting at least 3 lots of trading transactions for the duration of the bonus-added account.
  • To receive the prize, the winner must open a real account (if he/she has not yet got a real Forex account) and send his/her name, surname, the contest account number and the number of his/her newly opened account to the Bank by email. Only those messages received from the e-mail that was  used when registering for the contest will be accepted.  The request for the receipt of the prize amount shall be sent within a week from the moment the contest is over. The requests received later will not be considered.