Brokers News

FXTM launches live forex contest with $100 000 prize pool

Mar 08 2016
By Stanimir Zhelev , ForexBrokerz.com Find me on Google+

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

More news about FXTM

FXTM now offers a deposit bonus of up to $5 000 Apr 25 2019 11:10:24
FXTM appoints Han Tan as a Market Analyst for Southeast Asia region Apr 19 2019 13:28:36
FXTM gets a license from Mauritius FSC Mar 28 2019 09:59:36
FXTM honoured with two World Finance Awards Aug 10 2018 12:24:48
Former Gain Capital executive Alexis (Lex) Webster joins FXTM as CCO Jul 10 2018 12:16:12

Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
	easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus, UK, Mauritius	CySec, FCA, IFSC	MT4, MT5, Web	$10	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	Australia, Cyprus	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	Australia	ASIC	MT4, MT5	$100	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website

More Forex Brokers News

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

Award-winning forex brokerage FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more