Brokers News

FXTM launches new demo forex contest with $ 6000 prize pool

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.

 

TAGS: forex contest  demo contest  contest  fxtm 

More news about FXTM

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Bulgaria FCA, FSC Web $150 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
New Zealand FMA MT4 $1000 Review Website
Belize IFSC MT4, Web $500 Review Website

More Forex Brokers News

Fibo Group launches trading account with gold as a base currency

Feb 17 2017 09:38:07

Forex brokerage Fibo Group has added yet another option to its extensive offerings: its clients can now choose gold (GLD) as a base currency for their MT4 accounts. Read more

FXCM’s Jan metrics: trading volumes up 18% MoM, US operations making up less than 20%

Feb 15 2017 14:42:05

Major forex broker FXCM (NASDAQ:FXCM) reported its trading metrics for January. Read more

Client feedback is driving the development of IG’s new web platform

Feb 15 2017 09:05:36

In a note to its clients, IG, one of the largest forex, CFD and spread betting providers, announced some key features of its new web platform, as well as tools which are currently in development. Read more

FXCM pays $650 K CFTC fine for 2015 undercapitalization

Feb 14 2017 13:13:17

FXCM's woes see no end. After last week's shocking regulatory actions against it that forced it to exit the US forex market, where it was the leader, this week the broker took action to resolve another old regulatory issue and pay a $650 000 fine. Read more

FXCM expects its US exit to trigger international growth

Feb 13 2017 10:10:07

A couple of days after the news about FXCM [NASDAQ:FXCM] leaving US forex market and selling its client base to peer Gain Capital broke, the top forex broker announced key metrics for the nine months, ended 30 September, 2016. According to the data disclosed, FXCM generated a net loss of $13. Read more

Forex.com reports 40% annual drop in January volumes

Feb 13 2017 09:06:16

Forex.com, the OTC retail forex brand of the US brokerage Gain Capital, has posted a 40.1% drop of its average daily volume in January 2017, compared to last January. According to the company report, it amounted to $9. Read more

Gain Capital to pay up to $500 for each FXCM client, conditions apply

Feb 10 2017 08:49:12

Following the regulatory penalties and dramatic exit of the largest US forex broker FXCM from the country and the subsequent announcement that Gain Capital is buying off FXCM's retail forex clients, new details are emerging about the deal. Read more

IG offers Snapchat CFD as grey market trading ahead of eventual March IPO

Feb 09 2017 14:05:32

IG, one of the largest forex, CFD and spread betting (UK only) brokers, announced it is launching CFD trading and spread betting on the eventual IPO of the technology company Snap Inc. that stands behind the Snapchat mobile application. Read more

Plus500 gets South African license

Feb 09 2017 08:18:23

Plus500, one of Europe's leading forex and CFD brokers, obtained a license from South Africa's non-banking financial companies regulator, the Financial Services Board (FSB). It allows Plus500 to operate an online trading platform for retail customers to trade CFDs in South Africa. Read more

It's finalized: Gain Capital gets FXCM's US retail forex clients

Feb 08 2017 08:46:16

Just a day after FXCM – the largest retail forex broker in the US – lost its NFA and CFTC licenses and got fined $7 million for misleading clients and misinforming the regulators, its main competitor Gain Capital confirmed it is acquiring FXCM's US retail clients. Read more