Currently, FXOpen offers two active trading contests, namely ForexCup Championship 2023 and Catch ZERO Spreads Season 9. Read further to know more about them.
FXOpen is often known as a global forex and CFD broker that offers a bunch of great deals for its clients. Aside from trading services, the broker also offers various regular and time-restricted trading contests to help traders gain new experience and further improve their trading skills. Most of these contests are completely free, while some require a small entry fee.
Generally speaking, trading contests is a competition among traders that are usually held by brokerage firms or third-party providers. In such events, traders must compete against each other to generate the highest returns within a specific time period. The criteria for the winner may vary depending on the rules of the contest.
In FXOpen, all information about forex contests can be found on the Forex Game website or FXOpen discussion forums. As of this writing, the broker has two ongoing trading contests on the platform, namely:
- ForexCup Trading Championship 2023, a global competition where participants get to compete to win a grand prize of $50,000.
- TickTrader Catch ZERO Spreads – Season 9. This competition requires participants to take a screenshot of zero spreads on the TickTrader platform and submit it as a contest entry.
Let's read more to get the details of each trading contest.
Where to Find the Information on the Official Broker Site?
- This information is reported per Jun 27 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore each broker's website and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
ForexCup Trading Championship 2023
ForexCup Trading Championship 2023 is an innovative trading contest that was designed to unite investors, traders, and portfolio managers alike in a fair and profitable global competition. For an entire year, participants must compete to achieve the best trading results.
Whoever can demonstrate the most profit by the end of the year will be crowned the winner and rewarded with a hefty cash prize of $50,000.
This competition is available for all traders with an FXOpen ECN account, either an MT4, MT5, or TickTrader. New and existing accounts are both allowed. The only condition is that participants are required to meet the minimum deposit and comply with all the contest rules. Moreover, the competition started on January 1, 2023, and will end on December 31, 2023.
Contest Rules
- The minimum deposit is $5,000 or equivalent. Each participant must deposit the minimum amount to join the contest.
- Participants can register either before or during the contest, up to the last day of the event period.
- Funds are available to withdraw at any time. During the contest, participants can easily replenish their trading accounts and withdraw funds.
- Any strategy and instruments available on the platform are allowed.
- Participants must place at least 10 round turn trades of any contract number per account during the contest period to qualify for a reward.
- The winner is the participant who gets to earn the highest percentage gain during the contest period. The measurement is based on the Time-Weighted Returns (TWR) method as required by the Global Investment Performance Standards published by the CFA Institute.
Prizes
- A cash prize of $50,000 for the first winner.
- Personalized crystal trophies for the top three places.
- Personal brand promotion in press releases, interviews, and exclusive articles from the event provider and its partners.
- The top five participants will be displayed on the Standings page.
Benefits
- A contest that lasts for the whole year. The lengthy period allows you to prepare your strategy and give your best performance. This is your opportunity to prove your trading skills to the world.
- Get new experience. Aside from the incredible cash prize, ForexCup also offers a new experience that's like nowhere else. You can test your limit and see how skillful you are compared to other traders.
- Gain exposure. If you do well, your name will appear on the website along with other winners. You'll get to promote your personal brand and develop a good reputation in the trading world.
- Be creative. Use any legal trading strategies according to your preference. The only limit is your self-confidence.
How to Participate
- Before you participate, make sure to have an ECN trading account. If you don't have an existing account, simply sign up and a manager will help you open a new account.
- Deposit the minimum amount of $5,000 or equivalent.
- Fill in the form and enter your personal details, including your name, phone number, and trading experience. Agree to the terms and conditions, then click "Send".
- Once you are registered, you'll get a personal link with analytics and detailed information, and your gain will be counted in the championship.
TickTrader Catch ZERO Spreads – Season 9
TickTrader Catch ZERO Spreads is one of the regular contests held by FXOpen. In this contest, participants must take a screenshot of any zero spreads that appeared on the TickTrader trading platform and then submit it as an entry. The goal is to catch as many zero spreads as possible. Winners will get a total cash prize of $190.
This contest is available for all FXOpen forum members. It started on June 1, 2023, and will end on June 30, 2023. During the contest, participants are allowed to submit as many entries as possible. Once the contest is over, expert judges will decide on the winners and announce the result within a week.
Rules
- To submit an entry, participants must publish a screenshot that contains at least one zero spread.
- The screenshot must be taken from the TickTrader trading platform.
- The screenshot must not be manipulated in any way. Make sure that your TickTrader account number is visible.
- Don't crop the image too much. There must be at least 10 pars on the screen.
- The daily limit is only one screenshot per account.
- Any instruments are allowed. Participants can choose from the "Most Traded Instruments" tab on the platform.
- Prizes are transferred to the TickTrader account of the winners and can be withdrawn under several conditions. First, for every $2 of the prize, the participant must make 1 deal of about 40 points. Second, the minimum transaction number is 5.
- Negative spreads will get additional points.
Prizes
- 1st winner: $60
- 2nd winner: $45
- 3rd winner: $25
- 4th winner: $20
- 5th winner: $15
- 6th winner: $10
- 7th winner: $10
- 8th winner: $10
Benefits
- Simple requirements. All you need to do is take a screenshot of the platform and submit an entry. You can do so while carrying your usual trading routine, so there's no need to spend a lot of time on the contest.
- User-friendly platform. TickTrader is a brand-new platform that is easy to adopt and offers a bunch of sophisticated functionality for any type of trader.
- Be a part of the community. Join the forum and interact with other traders to gain new insights. It's also where you'll find quick announcements for more exciting contests in the future.
Criteria for the Winners
- Participant with the most number of zero spreads in the screenshots.
- Participant with the most number of screenshots.
- Participant with the most number of reposts on social media.
How to Participate
- You must be a member of the FXOpen forum to participate. If you don't have a forum account, please create a new one first.
- Post an entry under the Contest Thread on the forum during the contest period.
- Make sure to use the following hashtags: #FXOpen #ticktrader #zerospread #catchzerospreads #negative spreads.
- Also, add a link to the contest itself when posting on social networks.
Final Thoughts
By joining a trading contest like FXOpen ForexCup Trading Championship, you can observe your competitors and test your own limits. It might also help you gain new ideas and inspirations that you can use for your future plans.
Meanwhile, the TickTrader contest is a good opportunity to win some cash just by capturing the platform. This can also be a chance to increase your presence in the FXOpen forum.
FXOpen is a forex brokerage that has been offering services since 2005. It is currently one of the most successful forex brokers in the world. Since the very start, FXOpen aims to make forex trading more professional, easy to access, and secure.
9 Comments
Jun 27 2023
FXOpen is simply the best brokers out there in my opinion. It is fully regulated and it offers competitive pricings, which any trader can benefit from. It's also quite unsurprising to find that this broker has won many awards in recent years, including the most innovative broker of the year at the Traders Union Awards 2022. For me, one of the most intriguing aspects of this broker is TickTrader trading platform. I've never tried the platform before, so I know very little about it. Is it any good by any chance?
Jun 28 2023
As a fellow trader, I totally agree with you about FXOpen. I've been a client for about 2 years now and I couldn't be more satisfied with their service. Anyway, yes please try TickTrader! One could say it is a MT4 alternative with several improvements. The platform offers several notable features such as the ability to trade delivery and margin market and a wide range of instrument selections, account types, and order types. It also offers a trade terminal feature which is not available in MT4. You can set up alerts that are carried on the server-side, reducing the chance of missed opportunities due to internet issues or machine failures.
Jun 28 2023
Dude, TickTrader is great. My favorite feature is the Telegram notifications system. It basically allows you to receive price alerts and other notifications via Telegram (instead of the usual email notification). You simply need to create a Telegram account and connect it with the platform, then set up the alert.
Also, if you're an FXOpen client, please join the zero spread contest as well! It's very easy to do and won't take up much of your time. The broker has regular contests all the time anyway, so it doesn't really matter if you win or not as there will always be another chance. You can also interact with other traders in the forum you know. The community is really nice so you definitely don't want to miss it hehe see u there!
Jun 27 2023
Oh the idea of trading contests sounds so fun!! I can see why many traders are so excited about it. As a trader myself I definitely feel burned out sometimes, especially after a series of losing trades. But these contests might be able to cheer me up and motivate me to win the competition against other traders in the market. What I want to know is that whether the prize is withdrawable or not, because I'm so tired with brokers that offer big bonuses just to find out later that the prize is not withdrawable. Also, I recently heard the term "demo contest" somewhere but I'm not sure what it means. Is it a contest where you use your demo account to compete?
Jun 28 2023
Yeah that happens sometimes… Some brokers give bonuses that are not withdrawable and can only be used for trading, but this is not the case with the Forexcup. I believe the cash prize is available to withdraw at any time, so don't worry about it!
Also, yes you're right! Traders can participate in a demo contest using their demo accounts. Normally, the contest is completely free, but some brokers may charge a small entry fee. Let me tell you though that demo contests are highly worth to try simply because it's a zero-risk offer with real rewards. If you're a beginner, you can use the opportunity to learn and test your skills while also competing with others. And if you're a professional, you can test your strategies and get the chance to earn rewards at the end.
Nov 21 2023
Hey, I'm quite intrigued by the Forex Contest FXOpen is running, particularly the TickTrader Catch ZERO Spreads contest. It's mentioned that participants need to capture screenshots of any zero spreads on the TickTrader platform for entry submission. As someone with limited knowledge about trading, I'm curious – is it actually possible to have zero spreads in trading? Additionally, how can I identify when the spread is zero to have a shot at winning in this contest? Thanks for the info!
Nov 24 2023
Let me answer your question here! In the context of trading, a spread refers to the difference between the buying (ask) and selling (bid) prices of a financial instrument. While it's quite rare to have consistent zero spreads, some trading platforms, like TickTrader, may occasionally show zero spreads for a brief moment due to market conditions or specific events. However, this is usually temporary, and spreads typically fluctuate.
To identify when the spread is zero and increase your chances of winning the TickTrader Catch ZERO Spreads contest, you need to keep a close eye on the TickTrader trading platform. Zero spreads may occur during times of high liquidity or low volatility. Look for instances where the bid and ask prices align closely or momentarily overlap. (learn more about liquidity in here :What is Liquidity and Volatility in Forex Market?)
Mar 25 2024
Hello! It appears that FXOpen hosted a Forex Competition. According to the article, trading contests typically involve traders competing against each other, usually organized by brokerage firms or third-party providers. In these competitions, traders strive to achieve the highest returns within a set timeframe.
Based on this information, are the Forex contests, like the one hosted by FXOpen, regulated? And are there specific rules governing these contests?
Mar 29 2024
Hey there! In general, Forex contests, like the one organized by FXOpen, are typically subject to regulation by the relevant authorities overseeing financial markets. These regulations aim to ensure fair competition, transparency, and the protection of participants' interests. Additionally, organizers of such contests usually establish specific rules and guidelines governing participation, trading practices, eligibility criteria, and prize distribution. Participants are advised to carefully review the terms and conditions provided by the organizers to understand the regulations and rules applicable to the contest.
Hope, my explanation can help your doubt!