FXfair: Want to know about this Broker

I was participated in a demo contest arranged by this broker.
And I got a PAMM acc(Connect to a ECN account) with $1500 Price money and they tell me that I can withdraw the prize money after complete ting 300 lots.But I can withdraw profit in every 1st day of the month.
But I feel concern after seeing that this broker is changing their prize money month after month.
Their site is also looking bad to me.
So is there anyone who have experience with them?
Please suggest me will I start trading or should stop wasting time.
Please suggest.
I will so thankful.

Greetings Skyboys. For me, the big question is, “Is this broker regulated in the country I live in?” If not, and you have an issue with the broker, then you have very few avenues for settling any problems with the broker. Not that I’ve seen many issues with brokers, but with your hard earned money on the line, it’s best to cover all avenues of risk, including non-trading ones like the reliability of your brokers.

I never heard of them before