XM, one of the leading global FX brokers, has just announced the start of the registration for its brand new Gold & Silver Demo Competition with the astounding prize fund of $9,999.
As you've perhaps already guessed, the competition involves trading with Gold and Silver – only trading with these two financial instruments will be accepted. And, by the way, that's an interesting and challenging task – I, for example, still face some difficulties when calculating spreads on Gold (and then, there are the new and old pips which get me frightened). But in case you are not such a newbie and a coward when it comes to trading with these beautiful, precious metals, this competition is your thing.
You can register at this designated page
until September 19, 2013. You'll get a special demo account credited with $100,000 (virtual money!) and then you have to show off, really show off, and finish amid the 20 participants with the highest return. The good news is that the prizes are all cash ones:
1st place: $2,750
2nd place: $1,111
3rd place: $750
4-9th place: $458
10-20th place: $240
If you are among the 20 most successful traders, then you'll get the prize in your real trading account with XM – you can withdraw it without any restrictions. And that is such a good piece of news for those of us who have gotten tired of competitions where we don't actually get to receive our prizes.
The competition itself starts on September 2nd and ends on September 30th. Good luck to all contestants!
XM.COM is a registered brand name of Trading Point of Financial Instruments Ltd, a European regulated financial institution licensed by CySEC. Trading Point of Financial Instruments Ltd operates online services for trading on forex, precious metals, equity indices, and energies in compliance with the Markets in Financial Instruments Directive (MiFID). Trading Point is EEA authorized and registered with the FCA UK (previously FSA UK), BaFin (Germany), AFM (Netherlands), CNMV (Spain), FI (Sweden), and FIN (Finland).