Brokers News

FXTM launches live forex contest with $100 000 prize pool

Award-winning broker FXTM always tries to come up with something new and challenging to its customers and FX traders on the whole.
 
After launching its new state-of-the-art investment program, FXTM Invest, earlier this year, the broker announced ‘Forex Trading Legends’ live contest with $100,000 prize pool.
 
The contest will be the broker’s largest live trading competition after the “Game of Pips”, which took place in 2015. Traders from throughout the world will measure swords with one another under real market conditions, which will make ‘Forex Trading Legends’ a true test of strategy, skill and savvy.
 
The top three participants in the forex trading competition will earn the titles of “Ultimate Global Forex Legend,” “Global Master Trader,” and “Global Super Trader” and will be awarded $50,000, $20,000, $10,000, respectively.
 
Additional money prizes will be distributed among the following top seven traders, who will also be awarded ‘Forex Hero’ of their respective country.
 
So, in fact, the $100,000 prize pool will be allocated to ten traders, the ones who realize the highest profit ratio. What is more, all winners will also get a Strategy Manager Account, which is part of FXTM’s copy and social trading program we mentioned above, FXTM Invest
 
Here is what Jameel Ahmad, Chief Market Analyst and Vice President of Corporate Development at FXTM, said with regard to ‘Forex Trading Legends’: 
 
“By proving their trading superiority in an exciting live environment, those taking part in our latest contest will have the opportunity to win some great prizes. Savvy traders will have the ability to rise to the top by studying the markets and implementing sound strategies, which balance both risks and opportunities.”
‘Forex Trading Legends’ will run from March 21 to April 22, 2016 and registration in the competition was officially opened on February 29. It requires opening a live trading account with FXTM and a deposit of $300.
 
ForexTime (FXTM) is a CySec regulated European broker, whose portfolio includes more than 100 trading instruments, such as forex, spot metals, and various contracts for difference (CFDs). Traders can choose from Standard and Cent accounts, or one of four ECN account types, as well as between two trading platforms – the famous MetaTrader 4 and MetaTrader 5.
TAGS: fxtm  forex contest  forex competition  live forex contest 

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