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Business FX Blog

Adam Solomon is a specialist in business foreign exchange issues at foreign exchange brokers TORfx.

The idea of this column is to assist businesses in saving money on making or receiving payments in foreign currency. It is developed with all companies in mind from public companies with large and complex operations, to smaller companies and individuals.

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Home Markets Company News GFT announce £60 000 trading challenge

£200 Trading Bonus

GFT announce £60 000 trading challenge PDF Print E-mail
Written by Will Peters   
Sunday, 07 February 2010 16:33
"The GFT Trading Challenge sets a benchmark for prizes, trading strategies and social networking in a market where the three have never come together such as this."

>> Click through to the GFT Trading Challenge >>

A worldwide online trading contest starting Sunday, 7 Feb., sets new benchmarks for the extent of cash and other prizes offered, and linking traders globally through social networking, as well as  giving market speculation expertise greater recognition.

The “GFT Trading Challenge” sets a benchmark for prizes, trading strategies and social networking in a market where the three have never come together such as this.

“We expect a truly worldwide rivalry of thousands of traders to challenge each other for the top prizes, which include prestige, recognition and rewards beyond their profits,” said Gary L. Tilkin, president and CEO, GFT.

With a grand prize of $50,000 cash, GFT hopes to bring a heightened sense of excitement to the financial markets that once were open to very few people. Now, almost anyone can trade forex and other financial derivatives, which is why the company has designed the competition based on profit margin.

“Since the contest is based on an overall percentage, it really levels the playing field for all traders participating. They could start with several thousands of dollars or tens of thousands, but all traders will have a shot to win the cash grand prize,” said Tilkin.

>> Click through to the GFT Trading Challenge >>

The cash prizes are not the only thing making this competition one for the record books – social networking will be used for the first time in an online contest of this nature, bringing traders around the world together in  a way that hasn’t happened before.

All Twitter ‘followers’ of @gftforex, @gftuk or @fx360 who use the hashtag #tradeGFT will be entered to win weekly prizes – to  the value of $3,000. As interactive components of the Twitter contest, GFT will deliver a wide range of tweets, including trading tips, questions to spark a dialogue for traders to share ideas, prize clues as well as other breaking news related to both the trading and Twitter contests.

To go even further with prizes, participation and sharing news with the public, GFT plans to offer traders in the challenge an opportunity to win prizes each week they are in the contest (at random). Five others who remain eligible throughout the contest will receive consolation prizes (together, the total value of weekly and consolation prizes is over $8,000).


Last Updated ( Sunday, 07 February 2010 21:44 )