Every beginning trader dreams of managing big-scale funds and making decent profits on a regular basis. Unfortunately, even some of the most skilled traders on the planet sometimes lack big money, not to mention beginners or intermediate (young but promising) traders. That is why PAMM services are getting increasingly popular worldwide. On the one hand, it gives mediocre investors an opportunity to gain some return on their investments as a passive income. On the other hand, PAMM gives skilled traders an excellent chance to attract decent money pools thereby increasing potential profits by dozens of times.
At the same time, it is crucial to choose a reliable broking company since a fake would never pay you no matter how profitable your trading or investment career is. Market Leader has always striven to provide the reader with the most relevant information on financial markets. We keep telling you about reliable brokers that deserve attention and trust. In other words, Market Leader tells you about client-oriented brokers that can really help you with achieving your financial goals, whether you are a trader or a retail investor.
Such companies are capable of creating all the necessary conditions for convenient and (this is the most important thing) efficient trading or investing.
Apparently, there are dozens of excellent broking companies operating Forex these days. They can boast their trading conditions, support, promotions, innovative solutions and, of course, PAMM services.
In this article we will take a closer look at the PAMM service offered by FIBO Group, one of the major broking companies in the industry. It has always been distinguished for its solutions, including various services and trading contests.
Now, the company has decided to give their clients even more promising carreer opportunities. The thing is that not so long ago, FIBO Group introduced a special trading contest designed to find promising and talented traders among its clients, including beginners. The most outstanding feature of the contest is that it is free to participate and is conducted on demo accounts. This means that you can start your trading career right off the bat by showing your skills on demo account simultaneously getting a chance to win the contest and to get a PAMM account with a certain money pool to run!!! This sound just excellent!!!
I guess, by now you have become increasingly interested in the details of the new and unprecedented contest. Well, let FIBO Group tell us more about its innovative solution, which is called Triathlon Contest.
Triathlon Contest - Excellent Career Opportunity For Anyone
Well, the company has opened a page dedicated to this contest:
http://fibogroup.com/trader/triathlonpromo.html
The page reads:
Participation is open to any FIBO Group client who has a demo account. A participant may not register more than one contest account during the contest.
Participants should use the following link to register for the competition via customer's Personal Cabinet.
Each new round of the competition starts every Monday at 00-00 FT.
On the first round participants will use «MT4 NDD» demo accounts. First round winners will be determined at the end of a trading week (Saturday 00-00 FT), the winners list is formed from the 10 contestants with highest profitability and percentage of maximum drawdown that doesn’t exceed -30%.
The 10 winners of the first round will take part in the second round. They will be able to use NDD real trading accounts on the following conditions:
Account type: МТ4 NDD
Account currency: USD
Leverage: 1:100
Deposit: 100
Total volume of trades made by each participant during the second round should be not less than 0.5 lot.
All contest NDD accounts will be moved into a regular NDD group, it will be possible to replenish it or withdraw funds from this trading account. In the case of a participant not fulfilling the conditions and his total trading volume by the end of the week is less than 0.5 lot, the trading account will be closed without the possibility to withdraw funds.
The participant who has achieved the best results during the week will become a second round winner.
As a prize, a Managed account (PAMM) will be given to the second round winner. A winner will receive 1000 $ that will be credited to the contestant's PAMM account.
PAMM Manager's Offer details:
Minimum deposit: 50 USD
Manager's Fee: 30%
Early withdrawal fine: 0%
Investment period:1 week
The third round of the contest will be held among the Managed Accounts (PAMM) opened for the second round winners.
The three participant who's Managed Account (PAMM) achieved the highest profitability during one of the contest weeks will become the third round winners.
At the end of the last week of the contest, after the results are summarized, Managed Accounts (PAMM) pre-loaded with $25 000, $15 000 or $10 000 as bonus funds will be opened for the third round winners in accordance with the terms and conditions of the contest.
* Please note that in order to start using your MT4 NDD account for trading you should right click in the "Market Watch" window, choose “Show all”, find instruments with postfix ".I" and add instruments you need from the "Market Watch" window to the chart.
The bottom line:
Well, this is a great career opportunity for anyone who dreams of becoming a managing trader but lacks funds to fulfil the dream. You are welcome to join the company and its contests to test your skills and to become at least a step closer to your dream! Good luck!
By the way, the current TOP 20 looks as follows:
