FXIFY invites you to participate in their latest monthly competition, starting on July 1, 2024. This is a unique opportunity for traders seeking challenges and a chance to test their investment skills in a competitive market. The competition not only offers participants the chance to win valuable prizes but also facilitates the development and refinement of trading strategies. FXIFY ensures fair competition conditions and provides support to traders at every stage of the contest.
The Traders' Competition is an excellent opportunity for participants to assess their skills in the CFD (Contract for Difference) market, test their strategies, and compare their trading results with those of other participants.
Prop Trading Competition Prizes
Traders participating in the competition have the opportunity to win funded challenges of varying amounts. The main prize is a $400K Challenge Account.
1st: $400K Challenge Account
2nd: $200K Challenge Account
3rd: $100K Challenge Account
4th: $100K Challenge Account
5th: $50K Challenge Account
6th: $50K Challenge Account
7th: $25K Challenge Account
8th: $25K Challenge Account
9th: $25K Challenge Account
10th: $25K Challenge Account
Trading in the financial markets, especially with CFDs (Contracts for Difference), is a crucial part of many traders' daily activities. It allows for speculation on the rise and fall of financial asset prices without owning the assets physically. This form of investment requires both technical knowledge and the ability to make quick decisions.
FXIFY, operating as Fxify Solutions Limited, is known for its trader funding programs. The company provides investment capital, and traders share in the profits from their executed trades. This is an ideal solution for those who want to trade in the market with reduced capital risk.
Main Competition Conditions
Competition conditions are clearly defined to ensure fairness in the competition. Traders can use various financial instruments, but there are limits on maximum daily and overall drawdowns. Automated trading systems (EAs) are not allowed, emphasizing the importance of personal commitment and trading skills.
Trading on the competition account starts with $100,000.
The competition account is a demo account and will be closed at the end of the competition.
The maximum daily drawdown is 5%, and the maximum overall drawdown is 10%.
Summary
Participating in the FXIFY competition not only offers the chance to win prizes but also provides an opportunity to learn from the best. It's a chance to test new trading strategies and gain experience in the financial markets. Start on July 1, 2024, and join world-class traders in competing for prestigious Challenge Accounts and other rewards.
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