openPR Logo
Press release

Traderace Launches Lucrative New Trading Competition

06-07-2019 09:06 AM CET | Associations & Organizations

Press release from: Traderace Competitions LTD

/ PR Agency: India Pr Distribution

It frequently seems as if regulators globally are doing their best to discourage people from trading FX, amidst claims that the process is unfair. Whether that stems from a perception that the whole process is weighted too much in favour of brokers, there’s a lack of transparency or concerns that clients being left exposed to significant potential losses, leveraged trading is struggling to shrug off a rather grubby reputation.

So, amidst the recurring claims of fast execution, great customer service and tight spreads, it’s encouraging to see some entities coming to market with a rather more innovative concept, developed to find a new way of engaging both existing and potential traders alike.

Hong Kong-based Traderace seems to be doing just this with its newly launched trading competition. It’s been structured to make it simple to understand, runs on a pure STP model and leaves the traders not only working on building their own P&L as would be the case with any broker but also competing for prizes which are funded from the broker commissions generated. The concept is understood to be a world first and if the company can achieve its target of 200,000 participants, the prize fund is forecast to be in the region of EUR1,500,000 per month.

Participants will be limited to funding a maximum of five accounts per month, with a maximum deposit of EUR100 per account. That’s been designed deliberately to provide a level playing field across the board so that heavyweight participants aren’t immediately put at unfair advantage of winning either the monthly or annual competitions. Accounts can’t be funded more than once in a month in a move to encourage responsible trading, although the option to have multiple accounts allows several trading strategies to be run in parallel.

These will be looking for both the absolute return and also the greatest volume generated in a month. Leverage terms and pricing will be set at industry standard levels, with popular currencies offered at 400 times margin and industry standard spreads, with the prize money funded purely from 70% of the trading commissions generated. This creates a fair and transparent competition that should be both fun – and for some has the potential to see them gain life-changing sums of money.

As Antonis Nicholas explains, “We decided to structure this competition in a way that deliberately gives us as the counterparty no incentive to trade against clients. The full STP model means we’re agnostic to each trade, meaning competitors are left to trade against the market and one another. There’s negative balance protection in place and we like to think of this concept as meeting both the needs of professional and recreational traders alike.”

Media Contact

Antonis Nicholas
Traderace Competitions LTD
http://www.traderace.com/
+85258031229
info@traderace.com
342 norman street Windham, NH 03087

Traderace is working with the recently established 4XCube brokerage to deliver the necessary liquidity components. Participants will deal over the popular MT4 platform, opening up the competition to the widest possible audience, with the opportunity to trade on a range of instruments including currencies and indices. IBs will also be incentivised to encourage their clients to participate in the initiative.

In a world that at times seems to be sorely lacking innovation, this illustrates that other options do exist. The cooperative nature of the prize fund also provides valuable transparency. Assuming Traderace can gain the necessary scale, as the company says the prize payouts – which are in addition to an individual’s trading profits – could prove significant.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Traderace Launches Lucrative New Trading Competition here

News-ID: 1766493 • Views: 339

More Releases for STP

Car Soundproofing Damping Market: 3MCollision, Megasorber, STP, Second Skin Audi …
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Car Soundproofing Damping Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This industry study presents the global Car Soundproofing Damping market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Car Soundproofing Damping production, revenue and market share by manufacturers, key regions and type; The consumption of Car Soundproofing Damping in volume terms are also
Global Noise, Vibration, and Harshness Products Market 2018 - Cooper Standard, 3 …
Apex Market Research, recently published a detailed market research study focused on the “Noise, Vibration, and Harshness Products Market” across the global, regional and country level. The report provides 360° analysis of “Noise, Vibration, and Harshness Products Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the
Automotive Fuel Additives Global Market 2018: Key Players – Chevron Oronite, L …
Automotive Fuel Additives Industry Description Wiseguyreports.Com Adds “Automotive Fuel Additives -Market Demand, Growth, Opportunities and Analysis of Top Key Player Forecast to 2023” To Its Research Database The Asia-Pacific Automotive Fuel Additives market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Automotive Fuel Additives by product, region and application, in
Global Noise, Vibration, and Harshness Products Market 2018 - Tuopu, 3M, Henkel, …
The statistical surveying information incorporated into the Noise, Vibration, and Harshness Products report is the aftereffect of significant essential and optional research exercises. The report fragments the global Noise, Vibration, and Harshness Products market based on makers, item compose, applications, and regions. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the global Noise, Vibration, and Harshness Products
Bottled Fuels Additive Market 2017- 3M Auto, STP, Wynn's, BASF, BRB Internationa …
Apex Market Reports, recently published a detailed market research study focused on the "Bottled Fuels Additive Market" across the global, regional and country level. The report provides 360° analysis of "Bottled Fuels Additive Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Bottled Fuels Additive industry, and estimates the future trend of
Global Noise Vibration and Harshness Products Market 2017 - M, Henkel, STP, Wolv …
Global Noise, Vibration, and Harshness Products Market 2017 Survival Strategies explore Economic Impact in Global Industries Manufactures, Growth, Size, Share, Trends, Development Challenges and Opportunities till 2022 A Research study on " Global Noise, Vibration, and Harshness Products Market 2017-2022 " represent the market share and size of Noise, Vibration, and Harshness Products in international Industry. MRS Research Group added latest market research report by QY Research. Research Report provides an