Are you ambitious enough to aim for the top spot in Forex trader rankings? Do you have the adrenaline rush for an authentic competitive challenge? We invite you to register for the renowned 'Battle of Traders' contest sponsored by the brokerage, NPBFX. Initiated in 2018, this monthly contest is hosted on demo accounts, offering you a unique chance to pocket a $1000 real-account cash prize and a brand-new iPhone every month. Dive in to understand the essence and detailed terms of the competition.
The Essence of the 'Battle of Traders' and the Path to Rank #1 Every participant starts off with a virtual account balance of $5,000. You have an entire calendar month to trade, and results are collated at the beginning of the succeeding month. How you trade, whether spanning a few days, weekly, or even multiple daily positions throughout the contest month, rests solely on the strategy you choose.
A noteworthy advantage of this contest is its regularity. If one doesn't taste success in a particular month, the doors are always open for another shot in the subsequent one. Past records of the contest have seen several traders clinch the title after multiple attempts.
Quick FAQ on Contest Rules:
- How to Win? Aim to maximize your deposit and surpass your competitors.
- Any Specific Criteria? A trader must close at least 10 trades in a month and ensure the starting deposit increases by +30%.
- Any Trading Restrictions? None. Any and every trading strategy is permitted, with full access to available trading tools. Contestants can also integrate robots or employ hedging/locking techniques.
- Any Participation Fees? Absolutely not! Participation is free, and there are no hidden terms.
- How to Bag the Special iPhone Prize? Simple in concept, yet challenging in execution: The top-ranked trader must amplify their deposit by over 50 times.
- Who Can Register for the 'Battle'? The contest is tailored for every trader, irrespective of their trading journey. The only requirement is that participants must be 18 years of age or older.
Conclusion The 'Battle of Traders' is more than just a contest; it's a platform for showcasing skill, strategy, and determination in the world of Forex trading. With significant rewards up for grabs and a leveled playing field, this is the perfect opportunity for traders globally to test their mettle and potentially walk away with lucrative rewards. Register today, and may the best trader win!
How is the Prize Pool of the Contest Distributed?
The Winners and Their Rewards The contest recognizes the top ten traders, who claim their spots at the peak of the rankings. Once the contest phase officially concludes, the prize money is credited to their real accounts. Every month, a total prize pool of $2500 is up for grabs, and it's divided as follows:
- The top-ranking account receives $1000.
- The second spot in the ranking bags $500.
- The third place gets $200.
- Both fourth and fifth places earn $150 each.
- Traders ranking from the 6th to the 10th positions each secure $100.
The 100% Transparent Trader Rankings Another undeniable advantage of this contest is its complete transparency. Thanks to online account monitoring, anyone interested can stay updated with the current top-ranking scenarios. The main monitoring page displays crucial data such as ranking, account number, account holder's nickname, balance, funds, and the number of trades. The frequently updated data ensures its relevance. On selecting an account number, viewers can delve deeper into account statistics, examining leverage ratios, open positions, balance charts, and an exhaustive transaction history.
The online ranking system guarantees fairness, providing equal competition conditions for all participants. The contest boasts a diverse contestant geography, with participants hailing from Russia, CIS countries, European nations, and the Asian region. Past winners have come from Egypt, Japan, Kazakhstan, Vietnam, Moldova, Russia, and more. The NPBFX company shares interviews with the victors across their social media platforms. Insights from these winners reveal a wide spectrum of trading experiences, educational backgrounds, and an age range spanning from 18 to over 60. Truly, this contest knows no bounds!
How and Where to Register for the Contest? A new contest phase kicks off on the first of every month. However, eager participants can start registering much earlier, from the 15th of the preceding month. The registration process is hassle-free and involves a few easy steps:
- Begin by registering on the broker's website, creating a personal account (often referred to as a 'Personal Cabinet' or 'PC'). The initial phase requires only basic details.
- Complete the verification process via the PC by confirming your identity and residential address.
- Head to the 'Contests' section in the PC menu, and click on 'Participate' adjacent to the tournament banner.
- Once registered, you'll receive contest funds ($5,000) credited to your demo account. This sets the stage for you to commence trading.
NPBFX: Among the Best Brokers in the CIS Region This esteemed status is a result of the broker's dedicated long-term service, two decades of banking experience, and offering user-friendly conditions. The 'Battle of Traders' contest, spearheaded by NPBFX, is a unique blend of challenge, transparency, and lucrative rewards. It stands as a testament to the inclusivity and fairness the Forex market can offer, inviting participants.
A Detailed Look at the Primary Trading Conditions for Real Accounts
Historical Footprint NPBFX has been a steadfast player in the market since 1996. This longevity speaks volumes about the broker's commitment to maintaining a high-quality trading environment for its clientele. Over the years, it has been a witness to the significant changes in market dynamics, always adapting to ensure clients get the best possible trading experience.
- Minimum Deposit. To make trading accessible for everyone, NPBFX offers an incredibly low minimum deposit requirement of just $10. This encourages even budding traders to test the waters without any significant financial burden.
- Insurance Protection. Client funds safety is paramount. Thus, every client is insured up to €20,000. This financial safety net provides an added layer of assurance, allowing traders to focus on their strategies without undue worry about their invested capital.
Account Types NPBFX caters to a diverse clientele by offering a wide array of account types:
- Master - Ideal for those who have mastered the basics of trading and are looking for more advanced features.
- Expert - Suited for seasoned traders with an extensive trading history.
- VIP - Tailored for high-net-worth individuals who require a more personalized trading experience.
- Zero - This type of account typically features zero or near-zero spreads.
- Cent - Perfect for beginners, allowing trading with minimal amounts.
- Demo - A risk-free environment for testing trading strategies.
- Swap-free - Catering to those who, for religious or other reasons, prefer not to engage in swap transactions.
There are no restrictions on opening accounts, ensuring that everyone, regardless of their background or trading experience, can participate.
- Trading Commission. Another attractive feature is the 0% commission on trading turnover. This means traders can keep a larger portion of their profits without any deductions for commissions.
- Technology and Infrastructure. Employing STP/NDD technology, NPBFX ensures that all trades are processed swiftly and transparently. With the broker acting as an intermediary, trades are sent directly to liquidity providers, eliminating potential conflicts of interest.
- Interbank Access. Yes, traders have access to the interbank market, which can offer more competitive rates and a broader range of financial instruments.
- Transaction Speed. The rapid transaction speeds of 300-600 milliseconds ensure that traders can capitalize on market movements without significant delay.
- Spreads and Leverage. Starting from a spread of zero, NPBFX offers ultra-competitive trading conditions. Additionally, traders can utilize leverage of up to 1:1000, maximizing their potential profits.
- Trading Platforms. NPBFX employs the popular MetaTrader4 platform, known for its user-friendly interface and advanced charting tools. Additionally, they have their proprietary platform, NPB Invest, tailored to the specific needs of their clientele.
- Portfolio of Instruments. Traders can diversify their portfolios by accessing a wide range of financial instruments, including foreign exchange (FX) currencies, energy carriers, oil, metals, stocks and ETFs, and indices.
- Customer Support. The broker's commitment to serving its customers is evident in its 24/5 support available in 8 different languages. This multilingual support ensures that clients from various regions can communicate effectively and get the assistance they require.
- Additional Bonuses. NPBFX doesn't stop at just offering excellent trading conditions; they also provide additional bonuses to their clients, enhancing the overall trading experience.
Join the Race to the Top To capitalize on these outstanding trading conditions, register on the official NPBFX broker website. Stand a chance to clinch the top spot in the contest and pocket a whopping $1000 directly into your account!