CFD Prop Competitions
A place where you will find analyzes and comments on quotations of the main currency pairs, the most popular stock indices and commodities. In addition, there will be a periodically published commentary on the current economic situation, a weekly summary of current events and an introduction to what awaits us next week.
FXIFY, a well-known proprietary trading firm, organizes an exciting trading contest that attracts participants from around the globe. The competition takes place on the popular MetaTrader 5 (MT5) platform, renowned for its advanced analytical tools and user-friendly interface. MT5 allows traders to monitor the market, execute transactions, and utilize various technical indicators, making the platform an ideal environment for high-stakes trading contests.
The FXIFY trading contest enjoys great popularity, with the May 2024 competition attracting over 10,000 participants. Those who placed between 1st and 10th received guaranteed prizes. The first prize in the contest is a fully funded challenge worth $400,000. The remaining nine places receive funded challenges ranging from $25,000 to $200,000.
The rules of the FXIFY contest are designed to be as simple as possible. Participants must adhere to specific risk management guidelines, including a maximum daily loss of 5% and a total maximum loss of 10%. Additionally, the use of Expert Advisors (EAs) is prohibited.
In summary, the trading contest organized by FXIFY is an excellent opportunity for traders to test their skills and compare themselves with other traders. By participating in the contest, traders have the chance to win attractive prizes, test their trading strategies, and observe how other participants perform in the competition.