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Vantage trading competitions offer prize pools of $50,000. This contest will be held from 1st August to 30th September 2023.
A broker trading competition, or a trading contest, is usually organized by a broker. The main idea is to provide a space for traders to showcase their trading skills. They will race against the time to get as much profit as possible to win.
Sometimes, a trading contest will use a demo account, but it can also use a live account. At the end of the period, traders will be gifted many prizes.
If you are looking for the thrill of trading competitions, Vantage Live Trading Competition could be the answer. This contest will provide you with a total prize pool of $50,000.
This prize will be distributed among the top 20 winners. For the rest of the participants, it can be a great chance to prove their skills.
What else should you need to know about this amazing opportunity?
How Vantage Live Trading Competition Works
As the name suggests, the Vantage trading competition will be held in a live account instead of a demo. That means you must trade in the real market if you compete in this forex contest.
The Vantage Live Trading Competitions registration period started on 1st July 2023 and will close on 22nd September 2023. Meanwhile, the competition will be held from 1st August to 30th September 2023.
There will be a prize pool of $50,000 for the winner. It will be distributed among 20 participants with the highest returns, based on the percentage increase in account equity at the end of the competition.
Here's how the prize is presented:
- 1st place: $20,000
- 2nd place: $10,000
- 3rd place: $6,000
- 4th place: $3,000
- 5th to 10th place: $1,000
- 11th to 20th place: $500
There are no registration fees, but you are required to transfer a minimum deposit of $500 to open trades during the competition.
The good news is you can trade all financial instruments for this trading contest. Given that Vantage offers it, this includes Forex CFDs, indices, commodities, stocks, and many more.
Lastly, you are allowed to withdraw your profit during the competition period. But, remember that withdrawal might affect your ranking.
Where to Find the Information on the Official Broker Site?
- This information is reported per Jul 21 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 Vantage Markets homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Join Vantage Trading Competition
To join the Vantage trading competition, there are several steps that you should take.
1. Before you can enter the competition, you must open a Vantage Live Account first.
2. This competitions also require you to deposit at least $500. So, proceed to fund your account as required.
3. Go to the Vantage official website, check on the upper corner menu, and click 'Start Trading'.
4. This will lead you to an abundant menu. Simply check on their 'Promotional' menu on the right corner and look below. You should see the 'Trading Cotest' option. Click it.
5. That should bring you to the Vantage Live Trading Competition page. Here, you can see a form to enter the competitions. You need to fill it in with your account number, email address, and nickname. Once you're done, simply click the 'Enter Competition Now' button below.
6. Start trading and be the top trader to earn the prize.
See Also:
Why Should You Join the Vantage Trading Competition?
Vantage is not the only broker offering trading competition for most traders. The real question is, why should you join Vantage trading competitions? There are several reasons why:
- Free entry: You can join the competitions without paying any registration fees. That means you only spend money on a deposit.
- Friendly competition: Vantage allows you to benchmark your trading skills and test them against other talented traders. The conditions of the competitions are quite friendly and allow you to explore your trading ability.
- Safety: Vantage prioritizes all participants' security and privacy. Your personal information will be handled safely according to Vantage's privacy policy.
- Available for all traders: Vantage Live Trading Competitions aren't exclusive to professionals only. If you're a new trader and want to taste trading competitions, joining this contest is possible.
How Trading Contests Affect Your Trading Skills
Aside from the rewards you can get, trading contests provide several other benefits. Most of these are deeply connected to honing your skill as a trader. So, what can you get from joining a forex trading competition?
- Train Your Ability Under Pressure
Trading contests require greater effort and involvement. Engaging in a trading contest entails facing various challenges and pressures. The need to perform well within the given constraints would encourage you to sharpen your trading strategy. - Self-Evaluation and Improvement
Through the competitive environment, you can assess your trading performance and recognize areas for improvement. The feedback and insights gained from competitions can be instrumental in refining your trading approach and strategy. You can take proactive steps to address these areas and make targeted improvements in your trading practice. - Self-Discipline
Participating in forex contests like the Vantage Live Trading Competition tests your discipline and quick decision-making abilities. These competitions serve as a valuable platform to develop and strengthen your consistency in adhering to your trading plan. - Networking
Engaging with like-minded individuals passionate about trading creates a conducive environment for exchanging ideas, experiences, and knowledge. By interacting with other participants, you gain exposure to diverse perspectives, trading styles, and strategies that may differ from yours. This exposure allows you to broaden your understanding of the market.
After Words
In conclusion, the Vantage Live Trading Competition offers an exciting opportunity for traders to showcase their skills and compete in a real market environment. A generous prize pool of $50,000 was distributed among the top 20 participants based on their percentage increase in account equity.
Despite all the benefits the forex trading competition offers, it's important to note that participation in them should be approached with caution, as trading involves risks, and competition can amplify those risks. Before you can compete, training in the demo account is always wise.
Vantage is a renowned brokerage with more than 10 years of experience. This broker offers a lot of benefits for its clients, including spreads as low as 0.0 and leverages up to 1:1000. Vantage is suitable for beginners considering it offers abundant educational features and a low minimum deposit of $50.
5 Comments
Leon
Jul 23 2023
Do we need to have knowledge about trading itself to participate in the Vantage trading competition? I noticed that the competition requires a minimum deposit of $500 to enter, but I'm not sure if there are any other trading-related prerequisites. Will participants be evaluated based on their trading skills and strategies during the competition, or is it open to anyone who meets the deposit requirement? I'd love to join the competition, but I want to make sure I'm prepared and have the necessary knowledge before diving in. Any insights on how the competition works and what criteria are used to evaluate participants would be super helpful! Thanks
Mina
Jul 24 2023
Absolutely! To participate in the Vantage trading competition, you need to have a Vantage Live Account, which involves opening an account with them. Additionally, there's a requirement to deposit at least $500 into your account to be eligible for the competition.
As for the question of needing knowledge about trading itself, there's no explicit information provided regarding specific trading skills or strategies required to enter the competition. It seems that as long as you meet the deposit requirement and have a Vantage Live Account, you can join the competition. So, if you want to take the risk, it is not wrong to get the Vantage Trading Competition
Perdana
Jul 25 2023
I disagree with Mina. I think, It is definitely better to have a good understanding of trading before participating in any trading competition. Knowing trading well gives you a significant advantage and increases your chances of success. Understanding trading concepts, strategies, risk management, and market analysis will help you make informed decisions and navigate the competition more effectively.
In a trading competition, participants often compete based on their trading skills and performance. Having a strong foundation in trading will enable you to develop and implement effective trading strategies, manage your trades wisely, and adapt to changing market conditions.
Moreover, knowing trading well allows you to approach the competition with confidence and make rational decisions, even in high-pressure situations. It minimizes the risk of making impulsive moves that could lead to unnecessary losses.
Galuh
Jul 23 2023
How does Vantage protect our privacy and ensure our safety during their trading competitions? I'm interested in joining, but I want to make sure that my personal information is handled securely. Can you shed some light on the measures taken by Vantage to safeguard participants' privacy? I heard that they prioritize security for all participants, but I'd like to know more about their privacy policy and how they handle our personal data during the competition. Thanks!
Saga
Jul 24 2023
No worries, mate! Vantage takes your privacy seriously and goes the extra mile to keep your personal information safe and secure during their trading competitions. They've got a solid privacy policy in place, so you can trust that your data is in good hands.
When you join their competitions, your personal info is treated with the utmost care. Vantage uses top-notch encryption and security measures to ensure that your data stays confidential and protected from any unauthorized access. For example, they use SSL in their website!
They won't be sharing your info with any third parties, and it's only used for the purpose of the competition. You can rest assured that your privacy is a top priority for them!