The FIBO Group company has summarized the results of the “Trader’s Triple Chase” contest which lasted for the whole of 2016. The winners are the traders with the nicknames: MarketMan, kredozhs and WW, who got the main prizes in the amount of USD25,000, USD15,000 and USD10,000.
However, it should be mentioned that there were much more winners in this competition! Within the period from January to December more than 10000 traders took part in it, 14 of whom reached the final prize draw of USD50,000. Moreover, 440 participants got USD100 of real money to participate in the second round. Finally, 44 managers reached the third round of the competition. Each of them got a real Managed Account (PAMM) with an initial capital of USD 1000. Thus, the total prize sum was USD140,000. Last year about 8,000 traders participated in the contest, and only 12 of them reached the final.
Certainly, all the participants are already using the unique trading experience that they gained from the “Trader’s Triple Chase” contest. The participation in the contest was open for all the clients. All they had to do in order to join the contest was to open a demo account with the initial deposit of USD5,000. The competitors were required with this initial capital to demonstrate the best result on weekly profitability. The top ten most successful trades then entered a second round of the contest. On this stage the competitors were given NDDReal accounts with USD 100 of real money. During a week they were expected to demonstrate the maximum profitability, so the best contestants then got to the third stage. One of the conditions for the first two rounds was a 30% limit for the negative profitability (drawdown). Such conditions encouraged competitors to demonstrate a more thoughtful approach towards open positions and to avoid taking risks in order to get the maximum profits.
Only one trader a week could reach the final third round. To win the third round of the contest they were expected to demonstrate their best management skills, in order to achieve the highest profitability along with the high stability of the trading strategy.
Also, on a Facebook page of FIBO Group the raffle for the iPad Air 2 took place. In order to participate you needed to subscribe to the company’s page and share the link for the contest to your page. During the online prize draw the iPad Air 2 went to the participant from Mexico.
Our congratulations to the winners of the deserved prizes of the Managed Accounts (PAMM) with the amount of USD10,000, USD15,000 and USD25,000. We have no doubt that it will clear for you the way to the new achievements in FOREX trading. The prize accounts will be opened for the winners until January 16, 2017.
Follow FIBO Group news and find out during the new 2017 year that we are going to announce some more new contests and bonus programs!
Best regards, FIBO Group, Ltd.