XM, the Cypriot Forex broker, has opened the registration for its weekly scheduled contest Big Small that comes along with an initial prize pool of $2,000. You must already be wondering about the name of the competition: the broker explains that you simply invest a small amount of money and you can get big profits in return. Indeed, for an entry ticket of $5 you stand a chance to win hefty cash prizes – by the way, $2,000 is just the initial sum as the more the participants, the bigger the prizes.
Here is the deal, you need to have a registration for XM's Contest Arena
- you need a live account for the Metatrader 4 platform to make use of it. If you have a registration, then simply sign in and select Scheduled from the competition list and then click on “Big Small”. The ticket is rather cheap and you can actually make use of the $20 bonus
, which XM gives to all traders that compete on the arena.
The rest is simple, the contest starts each Thursday at 2pm (GMT+2) and continues for 4 hours. You should register before that or not later than one hour after the launch of the competition. During these four hours you need to show your best in trading. In case you are among the winners, you will be allowed to use the prize for future contests, to trade and (the best part) you can withdraw the money without any restrictions. Now, that's a very good piece of news!
Trading is on the MT4 platform, which can be used in its downloadable version, in a web version or as a mobile app. In addition, to make the contest even more interesting, XM offers the so-called Top Up and Push Up perks for traders. These are forms of help that you can purchase for small amounts of money during the competition.
If you want to recover your starting balance, you may pay $2.50 for a Top Up. You can buy up to three such perks in the first hour of the contest.
If you'd like to add the initial balance to your equity in the contest, you can buy a Push Up for the price of an entry ticket. Imagine that your balance falls to a level that prevents from opening a certain position: you can purchase a Push Up for $5 and, voila, you have extra $10,000 in your contest account.
You can see that XM is beefing up the lineup of contests on the arena, with Big Small being just one of the numerous new additions. Another example is the Big Free contest, it's similar to the Big Small, but participation is free of charge. Don't forget that participants in the Contest Arena get to choose the parameters of the contests.
XM.COM is a registered brand name of Trading Point of Financial Instruments Ltd, a European regulated financial institution licensed by CySEC. Trading Point of Financial Instruments Ltd operates online services for trading on forex, precious metals, equity indices, and energies in compliance with the Markets in Financial Instruments Directive (MiFID). Trading Point is EEA authorized and registered with the FCA UK (previously FSA UK), BaFin (Germany), AFM (Netherlands), CNMV (Spain), FI (Sweden), and FIN (Finland).