Looking for, and finally finding, successful traders is the core mission of any FX broker with self-respect. This is something PrivateFX is seeking now when announcing a new trading contest together with pro-rebate.com.
You can invest just $500 and get a chance to win $5000, not to mention the profit you are going to make during the contest.
Anyone can become the winner of the announced contest by PrivateFX.
For starters, it’s necessary to note that PrivateFX has continuously been surprising international traders with beneficial offers ever since the company came into existence of couple of years ago. What are the peculiarities of the trading contest and what benefits can the participants count on? You see, there are many trading contests out there, and few of them can really offer traders competitive and fair conditions.
With PrivateFX, everything is different. If you consider yourself to be a successful FX trader capable of managing investor money instead of losing it in endless drawdowns, then sooner or later you will get on the list of winners. It’s just a matter of time. The thing is that this is going to be a continuous contest, and each and every winner will have to wait for 6 months until they are allowed to compete for the prize again. This means that each time, it’s going to be a new winner. Simply put, when the first 3 places are recognized as the winners of this round, the next round will let places 4 through 6 to become the winners, and so forth. Apparently, those guys will have to stay at the same level in order to win and avoid letting other traders outperform them.
As you can see, everything is plain and simple, and transparent. You can track the contest dynamics online, through live stats continuously updated in automatic mode. Those who get the biggest profits, will win the round of the contest. Each round lasts for 1 month. This means that each month, 3 more traders will join the contest’s hall of fame. The winners will get a certain amount of investor money to manage it and generate more profits for themselves and those who invested in them.
The 1st place – $5000
The 2nd place – $2000
The 3rd place – $1000
The money can be used to trade Forex. Any profits are withdrawable. Given the money made during the contests, the winners really get outstanding financial results.
But wait! There is another loyalty bonus waiting for you. If you are a Masterforex-V forum user, and a pro-rebate.com member, PrivateFX will give you 100% deposit bonus. All you have to do to be eligible for the bonus is this:
1. Open a live account with PrivateFX and deposit $500 or more.
2. Stick to the requirements for PAMM offers:
- the manager’s fee is 30%
- the fee for early closure is 70%
- the loss limit level is 50% or higher.
- the auto-copying feature is enabled
This bonus can really become a safety cushion since it both increases the amount of money available for trading and helps the trader to survive bigger drawdowns.
What do you need to know about the trading contest by PrivateFX?
The first round starts on February 20, 2017. If you want to participate in the first round, you need to apply for the contest and qualify before this date. For more details on who to apply for the contests, go to the company’s official website: https://privatefx.com/en-US
The winners are defined on a monthly basis. They get the prizes on the 1st through 5th day of the following month.
The round starts only if it involves at least 20 participants, otherwise it’scanceled, and the participants will have to wait for the next round. However, this is something unlikely since there are hundreds of managing traders working within the scope of the company’s PAMM service. Successful managers will definitely take the chance to get extra capital to manage. The maximum amount of participants is unlimited.
By the way, the hosts of the contest have made sure that the winners are those who stick to stable and efficient trading strategies rather than gamblers who make get lucky once in a while. To be more specific, they limited the max drawdown for the winner to 35%. In other word, of at some point during the contest, the winner’s max drawdown was bigger than 35%, the winner is not going to get the prize no matter how big the profit really is. On top of that, no multiple accounts are allowed to participate in the contest. Only one account per trader is allowed. Violators will be disqualified instantly.
As for the rest of the requirements, there are no limitations. You can trade manually or use trading robots. You can do whatever is required to make stable yet substantial profits at moderate risk using MetaTrader 4.
We remind you that PrivateFX is one of the most successful FX brokers offering high-quality service on beneficial terms and conditions. In 2016 alone, people invested over 8 million dollars in PrivateFX’s PAMM service. More and more of those successful managing traders prefer to work with PrivateFX. Why don’t you join them?
