The “Triathlon-2015” contest that started on January, 14th and lasted for nearly a year has finally drawn to a close. More than 8000 traders from all over the World participated in the competition. All they had to do in order to join the contest was to open a demo account. No initial investments would be required, no other matters or complications. Just one minute approximately it would take to register a demo account and you could join the first round of the contest.
For the first round every participant got USD 5000 on a demo account. The competitors were required with this initial capital to demonstrate the best result on the weekly profitability. The top ten the most successful trades would then enter a second round of the contest. On this stage the competitors would be given NDDReal accounts with USD 100 of the real money. During a week they were expected to demonstrate the maximum profitability, so the best contestant would then get to the third stage. One of the conditions for the first two rounds was a 30% limit for the negative profitability (drawdown). Such condition would encourage competitors to demonstrate more thoughtful approach towards open positions and to avoid taking risks in order to get the maximum profits. In addition to the above, the first and second rounds gave a great opportunity to the traders for testing various trading strategies in real conditions.
The contestants, who reached the final third round, were the strongest traders that were successful on all stages of the competition. To win the third round of the contest they were expected to demonstrate their best manager’s skills, in order to achieve the highest profitability along with the high stability of the trading strategy.
Finally, only 44 managers reached the third round of the competition. Each of them got a real PAMM-account with the initial capital of USD 1000. The third (final) round of the “Triathlon” contest will be finalised on 24 December 2015 and, on 29 December, in accordance with the terms and conditions of the contest, the winners will be announced. The top prizes for the winners would be the PAMM-accounts with USD 10,000, USD 15,000 and USD 25,000 respectively.
Certainly, during the new 2016 year we shall announce some more new contests and interesting deals, so please follow the news!
Best regards and greatest wishes for the New Year
FIBO Group Ltd.