Online trading school tradimo and British regulated Forex broker One Financial Markets have announced a trading contest that will last from
The contest consists of two independent parts: demo competition and live competition. The demo part will start on September 14 and will end on October 2. Its prizes are $1,500, $1,000, and $500 funded real trading accounts from One Financial Markets. That is some good money for winning in a demo championship, but the catch is that you will have to trade at least 50 lots to withdraw anything from the prize account. Still, it is a good award considering that you are not paying for participation.
The live part will run through November and December — the actual start and end dates are unknown yet. The only thing that we know about the live part as of now is that the 1st prize will be an opportunity to manage a $50,000 account with 20% profit share, the 2nd and the 3rd prizes will be $2,500 and $1,000 live accounts respectively.
The interesting thing about this event is that there is a strict rule regarding maximum drawdown — if it rises above 20%, you are disqualified. It means that you will have to be careful in placing the trades. Reckless trading will not bring results in this contest.
If you want to participate, you have to trading contest before 23:59 on September 13. All demo accounts will start on September 14 with $15,000 virtual money balance. The contest will end on 23:59 on October 2. All times are British Timezone. The organizers will announce winners on October 7. Even if you are not participating, you will be able to view the leaderboard of top 50 traders when the contest begins.
I have already joined the demo part and will keep you up to date with my progress.
If you want to ask questions about this trading competition, please feel free to do so via the commentary form below.
