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 Trading Contests

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

  1. 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.
  2. Deposit the minimum amount of $5,000 or equivalent.
  3. 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".
  4. 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

  1. 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.
  2. Post an entry under the Contest Thread on the forum during the contest period.
  3. Make sure to use the following hashtags: #FXOpen #ticktrader #zerospread #catchzerospreads #negative spreads.
  4. 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.