The FXTM TradeOlympics Contest

In celebration of the Olympic games, FXTM is thrilled to announce the launch of the FXTM TradeOlympics. This innovative competition invites traders to engage in a financial challenge that parallels the vigor and competitive nature of the Olympics, providing an opportunity for traders to achieve glory through their trading acumen.

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Overview of the FXTM TradeOlympics

The FXTM TradeOlympics contest is a captivating new promotion that aligns the excitement of major sporting events with the precision and strategy of financial trading. Traders have the chance to participate in a contest that not only tests their trading skills but also offers significant monetary rewards.

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Registration and Eligibility

The contest is open to all traders who can register and compete using one of the following account types:

• Classic Advantage MT4/MT5
• Advantage MT4/MT5
• Advantage Plus MT4/MT5

Traders are required to register for the contest to be eligible for ranking and prizes. The competition includes trading in Spot Indices, Stocks & Stock CFDs, Cryptocurrencies, and Commodities, with Forex and specific gold trades (XAUEUR and XAUUSD) being excluded.

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Trading and Scoring

Participants are ranked based on their cumulative net trading profit. The profit calculation is made more comprehensive by considering only trades executed within the contest period and involving traded standard lots. The scoring involves a detailed formula that adjusts the profit score based on the total net deposit during the competition:

For deposits up to USD$10,000: Score is calculated directly from the net trading profit.
For deposits exceeding USD$10,000: Score is the net profit divided by the total net deposit amount, multiplied by 10,000.

This ensures that the contest is fair and competitive, taking into account different levels of trading capital.

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Special Contest Features

The contest offers a unique “Option to Reset,” allowing participants to reset their profit and loss calculations during the contest period. This option provides traders the flexibility to start afresh if their initial strategy does not perform as expected. Following a reset, the trader must make a new minimum deposit to re-enter the contest.

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Prize Distribution

Main Prizes

The top 10 traders by net profit will share a prize pool of over $50,000. The distribution of these prizes is determined at the end of the contest based on the final standings of participants.

Weekly Draws

FXTM also introduces an element of chance with its weekly lucky draws:

• Weekly Lucky Winners: Each week, one contestant is randomly selected to win a special cash prize.
• Weekly Special Random Prize: Additionally, another contestant is chosen weekly for a special prize, independent of their ranking in the overall contest.

Eligibility for these weekly draws requires a net deposit of over USD$200 and a notional trading volume of over USD$1,000,000 during the contest period.

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Conditions and Notifications

Winners must meet the trading volume required for each prize tier. If the required volume is not met, the contestant may be moved to a lower prize tier. Prizes are awarded only to approved clients who meet the standard requirements set out in the operational agreements of FXTM.

Winners are notified via email within 15 days after the contest ends, and the final list of winners is announced on the FXTM website. It is crucial for winners to provide necessary documentation within five business days of notification to claim their prize.

Join FXTM TradeOlympics Contest

The FXTM TradeOlympics is more than just a trading contest; it’s an opportunity for traders to showcase their skills in a competitive environment akin to the Olympic games. With substantial rewards and a variety of trading instruments, FXTM provides a platform for traders to excel and potentially reap significant financial benefits. This contest reflects FXTM’s commitment to fostering a vibrant and engaging trading community.