Prize Money and Turnover

Just a quick question.

If I win US5000 from your contest and I make 3 trades to carry it to US 6000..can I withdraw that US 1000 without meeting the turnover requirement right?

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DaddyPapi avatar
DaddyPapi 16 Dec.

Thanks for responses..will double check rules, ask them directly.

Metal_Mind avatar
Metal_Mind 13 Jan.

Hello Daddy . Sorry for the delay in answering. I succeded deblocking all volume for 3000$ in almost 1 month but i don't advise you to do that.Also i had prize money for severeal contest and i could make a partial withdrawal .I won't advise you to concentrate on volume if you really don't need the money right now.You will concentrate more on making volume than trading and you will lose a significant part of money on commision. I personally nedeed this money right away that is why i hurried to make the volume but i won't make that mistake again.

Metal_Mind avatar
Metal_Mind 13 Jan.

Best strategy is to trade make profits , that will cover your commision and have a long term perspective to have a profitable account. I learned from my mistakes.Also for those wondering about the withdrawal proces ,i can say only one thing....AUTOMATIC/FAST AS LIGHTNING..... Withdrawal request sent Wednesday and Friday morning i had the money in my bank account. Also in my case the withdrawing fees were only 20$, compared with others brokers that charge more. What can i say . Great Services Dukas. KEEP UP THE GOOD WORK!

orto leave comments

Answers: 4

Best Answer

Profit can only be withdrawn when there are no blocked prizes on the account. 
https://www.dukascopy.com/tradercontest/?action=contestrules#prizes

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17 Feb. 2016 by

orto leave comments

I have a pending withdrawal for a specific amount regarding several prizes. I meet te required volume for that prizees. I will give you details on how it goes once it's been done and get an answer.

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14 Dec. 2013 by

alltrade avatar
alltrade 15 Dec.

That will be great, pal!

orto leave comments

As far as my knowledge you can't withdraw unless you satisfy the requirements of 0.5 million USD for every 100 USD won in the contest. So for 5000 USD it would be 25 million USD.

I hope this helps.

thanks

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14 Dec. 2013 by

orto leave comments

So, basically, you're asking if you can withdraw the profit. Most brokers do allow that but I don't really know about Dukascopy to be honest as the rules don't specifically mention about it.
I have made some profit on my prize but don't wish to withdraw it yet so I don't have the answer but I hope somebody who has tried it will post their experience.

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15 Dec. 2013 by

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