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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 

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