FXTM, a CySec regulated forex broker, comes up with a new challenging offer to FX traders: FXTM Traders’ Marathon, a global demo trading competition. The “runner” who wins will get $3000, while there is yet another $3000 to be distributed among other successful participants.
Here are the details about the prizes, according to ranking in the Traders’ Marathon:
Registration for the FXTM Traders’ Marathon is now open to anyone who has reached 18 years of age and is willing to compete for cash prizes in a demo environment. The Competition will run for the period between the 27th June 2016 (00:00 EEST) to the 15th July 2016 (23:59 EEST).
Upon commencement of the competition, all contestants shall be provided with USD 100,000 virtual money to be used in the Traders` Marathon. The Contestants can trade as they wish during the Competition Period, provided that positions remain open for at least 5 minutes. The Competition is applicable to MT4 Standard Accounts for trading in forex and precious metals.
The top 10 traders will get awarded with prize pool of $6000, which will be credited in their trading accounts. Upon completion of the required lots the winners will be able to withdraw any balance available in their trading accounts.
Here is an example:
FXTM announces that Mr. FXTM is the 3rd Successful Contestant of the Competition. Mr. FXTM will receive $800 in his trading account as Credit to be used for trading. As soon as Mr. FXTM completes the Minimum Number of Lots which are in this case 80 (800/10). Mr. FXTM will be able to withdraw any available balance or continue to trade.
As an added incentive, all participants who register for the Demo contest will have the chance to take part in FXTM`s $4/lot cashback promotion on live accounts.
The broker regularly organizes demo & live trading competitions. Earlier in March, FXTM launched live forex contest with $100 000 prize pool, which was a true test of strategy, skill and savvy.
FXTM is regulated by the Cyprus Securities and Exchange Commission (CySEC), which allows it to provide its services in all EU countries. The broker offers trading in more than 100 instruments, including forex, spot metals, and CFDs on stocks, commodities, and exchange traded fund (ETFs). It serves retail and institutional clients alike and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.