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 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
FXTM launches MT5 trading for Pro account holders Apr 11 2018 10:02:35
FXTM has reduced spreads on ECN MT5 accounts Feb 23 2018 08:07:52
FXTM gets FCA license Feb 05 2018 10:50:34

Broker	Advantages

	FXTM a regulated forex broker (regulated by CySEC, FCA and IFSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $5 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
	US	CFTC, NFA	MT4, Web, in-house	$50	Review Website
	Cyprus, UK, Belize	CySec, FCA, IFSC	MT4, MT5, Web	$5	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	Australia	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, South Africa, UAE	CySec, FSCA, FSC	MT4, MT5, Web	$5	Review Website
	Cyprus	CySEC	MT4, Web	$25	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website

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