Introducing the FORFX October Trading Competition!!!

Prop firms are well-known for providing traders with access to capital at a relatively low cost. However, many people are unaware that these firms also organize trading competitions. In these competitions, traders can participate by paying a small fee or sometimes even for free. The best performers often win exciting prizes, including trading accounts or even cash rewards.

FORFX, a rising name in the Prop Firm Space, is preparing to launch their trading competition, giving traders the chance to showcase their skills and win exclusive prizes.

Duration of the FORFX October Competition:

The FORFX October Trading Competition starts on October 7th and will continue throughout the month. The competition is divided into four stages, each happening consecutively. Here’s a breakdown of the stages:

• Round 1: Stage 1 runs from October 7, 2024, to October 12, 2024, spanning from Monday to Saturday.
• Round 2: Stage 2 takes place from October 14, 2024, to October 18, 2024, lasting from Monday to Friday.
• Round 3: Stage 3 is a shorter round, running from October 21, 2024, to October 23, 2024, from Monday to Wednesday.
• Round 4: Stage 4 is the final and longest stage, starting on October 25, 2024, and ending on November 1, 2024.

FORFX Exclusive Prizes:

The FORFX Trading Competition offers some of the most exciting prizes among prop firms. The total prize pool includes:

• $10,000 in cash prizes
• 4 x $50K Challenge Accounts
• 10 x $25K Challenge Accounts
• 20 x $10K Challenge Accounts
• 10 x $5K Challenge Accounts

To join the Competition, simply head to this link: https://www.forfx.com/competitions

These prizes will be distributed among the top 50 traders. Here’s how they’ll be awarded:

Prizes for the Top 5 Traders:

Let’s start with what the top 5 traders will win. For simplicity, the top 3 traders will receive two common benefits:

• Withdrawal on demand from their trading account
• No commission fees

Here are the specific prizes:

• 1st Place: The first-place winner will receive a $5,000 cash prize.
• 2nd Place: The second-place winner will be awarded a $3,000 cash prize.
• 3rd Place: The third-place trader will get a $2,000 cash prize.
• 4th & 5th Places: Traders in fourth and fifth places will receive a set of computer peripherals, including a monitor, keyboard, and mouse.

Prizes for Traders Ranked 6th to 10th: Traders who finish in ranks 6 through 10 will each receive a $50K Challenge Account.

Prizes for Traders Ranked 11th to 20th: Those who finish between 11th and 20th place will each receive a $25K Challenge Account.

Prizes for Traders Ranked 21st to 40th: Traders in these ranks will be rewarded with a $10K Challenge Account.

Prizes for Traders Ranked 41st to 50th: The traders in ranks 41 through 50 will receive a $5K Challenge Account.

Rules and Conditions for Each Round: Here’s a breakdown of the rules for each round of the competition:

• Round 1:
  • Profit Cap: 5%
  • Daily Drawdown: 10%
  • Round 2 Eligibility: Be among the top 1000 traders
• Round 2:
  • Profit Cap: 3%
  • Daily Drawdown: 6%
  • Round 3 Eligibility: Be among the top 300 traders
• Round 3:
  • Profit Cap: 3%
  • Daily Drawdown: 3%
  • Round 4 Eligibility: Be among the top 50 traders
• Round 4:
  • Profit Cap: None
  • Daily Drawdown: 5%
  • Special Rule: Only one trading symbol is allowed

How to Participate in the FORFX Trading Competition:

The FORFX Trading Competition is open to all traders, free of charge. If you’re interested, follow this link to sign up: https://www.forfx.com/competitions. Once there, scroll down to find the registration option. You’ll need to provide the following information:

• First Name
• Last Name
• Email Address
• Phone Number

After registering, you’ll be all set, and on the day the competition starts, you’ll receive your login ID and password to access your account.

Conclusion:

Participating in trading competitions can be a fantastic opportunity for traders to test their skills against others. What makes it even more exciting is that the FORFX competition is completely free to join! Not only will you get the chance to trade without any cost, but performing well could also earn you some impressive prizes, including cash rewards. So why not give it a shot?