de | cn | ru

Brokers News

XEMarkets Gives Away £8,500 to University Students

Every time I see universities and business working hand in hand, I get my faith in the world order restored. Educational institutions need the business' money, and businesses need educational institutions' best and brightest students - and one can only be surprised why the two don't work together more often.

 

This is why I was particularly excited to hear about an interesting mutual initiative between a major forex broker and a university: XEMarkets teams up with the London School of Economics and Political Science (LSE) to offer its students a demo competition with a prize pool of £8,500. 

 

XEMarkets is not the first broker to come up with an event aimed at university students – we have already seen this brokers such as FXCM, FxPro and Oanda stand behind initiatives that demonstrate social engagement and support the future generation of capable forex traders. 

 
The registration for the XEMarkets Demo Competition has begun on January 15, 2013 and is currently open. Tthe actual battle begins on February 8. At 8 pm GMT on February 21, 2013, the contest closes and three lucky winners get to bring home the following prizes: 
 
- £7,000 for the first place;
- £1,000 for the runner-up; and
- £500 for the trader who finishes third.
 
As I mentioned, students will compete on demo accounts. Each participant will start with $100,000 of virtual money and the winners will be determined based on account balance at the end of the competition: the three contestants with the most money in their demo accounts will be the ones applauded at the special award ceremony that will take place at the LSE.  
 
The contest will be open to LSE students only (they will need to identify themselves with valid official LSE email addresses). The choice of educational institution is not random – the two founders of XEMarkets and four members of the the company's board of directors are LSE alumni and it only makes sense to choose their alma mater for such an event.  
 
As the two company founders of XEMarkets, along with four members of the board of directors are LSE alumni themselves. According to XEMarkets, this will not be an isolated event but rather the first step in the direction of the broker becoming a career patron of the LSE. If all goes well, London School of Economics students will be given the chance to intern at XEMarkets and graduates will have the opportunity to start their careers with the broker. 
 
“Similar to any other sphere of life, success in forex trading is also predetermined by a certain mindset”, says former LSE alumnus and XEMarkets CEO and Founder Costas Cleanthous. “Insufficient experience and knowledge often lead to substantial financial losses, and this is exactly where we feel it as our responsibility to engage LSE students into the investment business so that they acquire the trading principles and decrease their exposure to risks through regular practice and by means of our advanced educational projects. My studies at the London School of Economics and Political Science determined my future career at the time – now, as Founder of XEMarkets, I consider it essential to give the chance to LSE students get a real taste of the forex market and possibly even embark on a successful financial career later on, like I did.”
 
 

About XEMarkets 

 
XEMarkets is a trading name and a registered trademark of Trading Point of Financial Instruments Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC) and registered as a Cypriot Investment Firm (CIF). Trading Point of Financial Instruments Ltd operates its XEMarkets.com services for forex, precious metals, equity indices, and energies trading in compliance with the Markets of Financial Instruments Directive (MiFID) and with full European Union authorization, including FSA (UK), BaFin (Germany), AFM (Netherlands), CNMV (Spain), FI (Sweden), and FIN (Finland). 
TAGS: XEMarkets  forex contest  forex competition  demo forex account  London School of Economics  LSE  FXCM  Oanda  FxPro 

More news about XM

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $10 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, 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

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

FOREX.com announced important updates to its Web Trading platform

Jan 25 2019 15:13:43

  Major forex brokerage  Forex.com  proudly announced important updates of its in-house Web Trading platform, which will take your trading experience to the next level.   Accessible from all browsers and operating systems, Web Trading was launched in 2017. Read more

HotForex parent gets licensed by UK’s FCA

Jan 21 2019 12:31:59

  Less than a month after HotForex acquired license to operate in the UAE, the trading services provider gets an authorization by the Financial Conduct Authority of the UK. The UK subsidiary of the HF Markets Group, HF Markets (UK) Ltd. Read more

Rakuten Securities offers HK$700 prepaid cards as a welcome gift

Jan 18 2019 10:26:57

  Hong Kong forex broker Rakuten Securities offers up to HK$700 Spending Limit Prepaid Card as a welcome gift to new account registrants. Here are all the details you need to know about the company’s promotional offer, which is valid from now until the end of March 2019. Read more

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14

  The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37

  HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year. Read more

CySEC warns Efexa1000 is not licensed

Oct 22 2018 12:55:06

  The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that Efexa1000 is not authorized to provide investment services in the country. Read more

IG Group gets licensed in the USA

Oct 16 2018 13:48:15

  Major forex broker IG Group (IG) got a green light from the National Futures Association (NFA) to operate on the US retail forex market. The US arm of IG Group, IG US LLC, has just been approved as a NFA member and is officially registered as a Retail Foreign Exchange Dealer (RFED). Read more

de | cn | ru