The Forex and CFD broker XM is organizing a trading tournament for real accounts called: Megacompetition – U.S. Elections Special.
This competition is available to all XM clients and requires a verified Standard real account along with a minimum equity of $100 to participate. It will last for about two weeks and offers substantial cash prizes for the winning traders, as well as the chance to earn additional rewards through a raffle that will take place once the competition ends.
The winning traders will be those who achieve the highest performance during the competition, meaning the participants with the highest percentage of gains relative to the equity deposited in their competition account.
Contest Period: This contest will last for 15 days and will run from October 31 to February 14, 2024.
You can find more information about the broker XM and its online brokerage services in the following guide: XM Broker Review.
Main Rules of the Megacompetition: U.S. Elections Special
- This is a trading contest for real accounts, available to traders with a registered and verified account with XM.
- To participate, traders must open a Standard account and deposit a minimum of $100.
- To qualify for the prizes, participants must complete a trading volume of at least 10 standard lots in Forex and precious metals (gold and silver).
- Traders can participate with as many trading accounts as they wish, provided they meet the above conditions.
- The 100 traders with the highest performance during the competition period will be the winners. Performance is determined based on the total gains relative to the account’s equity.
- At the end of the tournament, XM will also hold a raffle where 100 traders will have the chance to win $100.
- Prize money can be withdrawn by the winners without any restrictions (through XM’s available methods) or used as trading capital in the market.
- Participants can reset their tournament participation if their performance drops below 30%.
*This trading tournament is not available for traders from the European Union or the United States.
Tournament Prizes
As mentioned, this trading contest offers prizes to the top 100 traders, which will be distributed as follows:
- Position 1: $15,000
- Position 2: $7,500
- Position 3: $5,000
- Positions 4 – 8: $2,500
- Positions 9 – 10: $2,000
- Positions 11 – 15: $1,750
- Positions 16 – 20: $1,500
- Positions 21 – 28: $1,000
- Positions 29 – 35: $750
- Positions 36 – 45: $500
- Positions 46 – 55: $400
- Positions 56 – 65: $300
- Positions 66 – 75: $200
- Positions 76 – 100: $100
Additionally, 100 lucky traders will have the chance to win a $100 prize through a raffle held at the end of the tournament.
If you are interested in obtaining more information about this trading contest, opening a real account, and participating for exciting prizes, you can visit XM’s website at:
