These days some brokers start stimulating their clients with various trading contests.
Unfortunately some of them use this method just to attract and encourage amateur traders and to make them switch from demo-trading to real-money trading. As a result, 90% of such traders lose their funds to those brokers.
On the other hand, those broking companies that are client-oriented and that value their image (the formula: You win = I win as well), conduct trading contests in order to show the participants the reality of Forex, including potential risks. In this case novice traders get an opportunity to learn the specifics of the currency market in practice without risking their money.
Usually the contests held by such companies are fairly transparent with clearly predetermined conditions, tasks and prizes. No representatives of the broker or their relatives are allowed to participate in the contest. Another major factor speaking in favor of the contests held by such companies is the real-time/intermediate results of the contests, which allow all the participants to monitor their current standings and to adjust their strategies. Otherwise you are under the risk of participating in an unfair contest with no chance of winning it.
Hopefully there are fair brokers. One of such respected broking companies is MIG BANK, a major Swiss investment bank.
MIG BANK specializes in Forex and provides high-quality broking services to its clients from 120 countries around the world. By the way, MIG BANK has one of the top standings in Masterforex-V’s rating of Forex brokers, which means it is a trusted and reliable broker (basing on 17 independent and objective criteria and public voting).
Today anyone has an opportunity to become one of the best Forex traders with MIG BANK thorough participating in an exclusive trading contest. The contest is familiar to some traders (who participated in the previous one). Some of them got lucky enough to win marvelous prizes, including a trip to the Formula 1 Grand Prix.
We are honored to present you The MIG Trading Grand Prix trading contest. The 1st Prize is “All expenses paid trip for 2 persons to the Abu Dhabi Formula 1 Grand Prix, including paddock club access and hotel accommodation for the weekend!”
MIG BANK is pleased to announce the official opening of registration for the 3rd MIG Trading Grand Prix! To sign up and to find all the details, please, visit http://grandprix.migbank.com/.
MIG BANK and Market Leader wish every single participant the best of luck!
