Brokers News

LiteForex's World Challenge: Win a Brand New Mercedes Benz S400 Hybrid

Jun 11 2013
By Forexbrokerz.com Forexbrokerz.com

You know that feeling when you're browsing aimlessly through the internet and at a certain point your brain just stops registering any of the words on the screen. Most favorable trading conditions, lowest spreads...Yes, yes, lots of grand talk but no one's fooled by it. Learn to trade like a pro, win a Mercedes Benz S400 Hybrid...Wait, what? This is where your concentration returns in full force as hardly anyone out there can resist the temptation. Brought to you by the Seychelles-based forex and commodities brokerage, LiteForex, is the World Challenge, one of the largest-scale contests in the history of the company which, as you've probably already guessed, can replace that old clunker in your garage with a brand new shiny Mercedes.

It's not like there isn't a catch here, don't get me wrong. To make use of an awfully trite statement, there really is no free lunch. Participants will be expected to do some solid trading if they're to get anywhere near the big prize. To get started, you need to make a minimum deposit of $1000. The good thing about this particular competition, though, is that you don't get only one shot at the Mercedes but as many as you wish, depending on the amount you invest. For each thousand a contestant pumps into their account, they'll be given an additional chance during the prize draw. This goes along with a mandatory trading volume that one needs to reach in order to run for LiteForex's fancy car:

The World Challenge was launched yesterday, 10 June 2013, and will be running until 10 June, 2014. It's open to all live account holders and will consist of the following four stages:

Stage 1: Ends 10 September 2013

(winner gets an iPhone 5 64Gb, Samsung Galaxy 4 or a Blackberry Q10)

Stage 2: Ends 10 December 2013

(winner gets an iPad 4 64Gb Wi-Fi + Cellular, Samsung Galaxy Note 10.1 N8000 64Gb or a Blackberry PlayBook 64Gb)

Stage 3: Ends 10 March 2014

(winner gets MacBook Pro (Retina, 15-inch, Early 2013), ASUS G75VX or s Sony VAIO SVS1512Z9R)

Stage 4: Ends 10 June 2014

(winner gets a Mercedes Benz S 400 Hybrid)

Those who make it to the top in the first three stages will get to choose whichever one of the three prizes they like best. As for the future Mercedes owner, we're sure he wouldn't mind too much the fact that he's not given the like option.

To be honest, though, while we're happy for brokers like LiteForex whose business seems to be thriving enough for them to give out such prizes, isn't it better to reward actual trading skills rather than clients' willingness to make large deposits? Quite obviously, this is not a competition in competence but in whoever's ready to gamble more -- the exact opposite of what HY Markets recently did, for example. Just at the start of last month, the London-based brokerage launched its 2013 Live Competition which will bring some of its best traders over $70,000 in prizes – money won on the basis of skill, not on amount invested.

But if nonetheless you have a certain affinity for fast cars, here's a similar campaign currently open with Russian broker, InstaForex, offering an attractive Porsche Cayman. In order to partake in the draw, you'll have to make a deposit of $1,500 – quite a bit higher than what LiteForex asks for but on the plus side, there are no trading volume requirements to meet. Invest the money, register on the contest page and wait to see whether luck is on your side which will become clear on 19 September, 2015 when the winner will be announced. Here, you can also increase your chances of winning the prize by signing up multiple accounts for the draw, not more than a 100 though.

About Lite Forex

LiteForex Company was established in 2005, aiming to make the Forex market an accessible, safe, easy and profitable place. With this in mind, the brokerage was the first to offer cent accounts with an initial deposit of 1$.

At present, LiteForex is among the leading Forex brokers offering services to traders with all levels of expertise from across the globe. It is on the list of top 100 companies according to World Finance.

TAGS: liteforex world challenge win mercedes s400 hybrid trade trader forex forex broker

More news about LiteForex

20 crypto-pairs now available for trade with LiteForex Feb 27 2018 15:24:34
LiteForex now supports the web version of MT4 forex trading platform Nov 20 2015 15:53:50
LiteForex offers Risk Free forex trading to new customers Aug 04 2014 13:30:30
LiteForex Enhances Services Offering with Autochartist Feb 18 2014 08:53:35
LiteForex's Debit Card Now Offers Enhanced Transfer Capabilities Oct 07 2013 06:57:34

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.

	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
	US	NFA, CFTC	MT4	$250	Review Website
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Australia	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	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
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

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