Topic: [FOREX] Colosseum 2022 - A Hyper Trading Contest of FXCE broker
A noteworthy contest this fall
Colosseum 2022 is a trading contest on FXCE Colosseum with a $50,000 prize pool. This is the biggest contest organized on FXCE Colosseum since its launch. It will take place in 04 weeks from October 10 to November 06. We design Colosseum 2022 for FXCE LIVE accounts depositing from $50 to take part. Trading on FXCE LIVE accounts is available manually and automatically (by EA). All comers are able to compete for the highest prize of +$30,000. Additionally, there are weekly and other final awards that deserve consideration.
This article will introduce a deep dive into Colosseum 2022. Get yourself ready and win the prizes!
Huge prizes to win
The pool of 26 prizes in total is worth $50,000. After each round, Colosseum will rank the top talents according to the rules and reward prizes immediately. Prizes will be converted to FXCE tokens and distributed to the winner’s wallets on the FXCE platform.
The 1st position in the final round accounts for 60% of the prize pool, equivalent to $30,000. And, with many further prizes, we hope traders will find this the best contest ever.
There are certain criteria for traders to compete: weekly rounds and final round, Gain Score and Trading Volume. Here you can see detail in the figure below.
Weekly prizes
Let’s say the first three weeks will witness weekly rounds. Every week, 5 traders with the highest Gain Score will share $1500 prizes ($300/trader). There you also can familiarize yourself with the environment and learn about competitors’ capabilities. Think of it as your impressive warm-up or proper preparation!
Final prizes
Colosseum will determine these prizes in the 4th week — the final round. Over 90% of the contest prize pool is distributed in the final round. This is where we find the breakthrough to happen and real talents to prove themselves.
♦ Main Prizes
The top 10 traders with the highest Gain Score will receive the corresponding prizes.
♦ Highest Volume
Only one trader with the highest Trading Volume will get the prize of $5,000.
Gain Score
In Colosseum 2022, we will apply Score Multiplier to calculate Gain Score. The score multiplier is a condition to multiply the trading account’s gain (%) by positive factors, as a result, increasing the score earned in a contest.
*Any trading account with an insufficient deposit (less than $50) is not eligible to compete for prizes.
Example: A participant deposits $250 and gets a profit of $30. The respective score multiplier is 1. So his Gain Score is 30/250 x 1 = 12%.
Trading Volume
Trading volume is determined based on standard lots. For gold & forex, a standard lot is the equivalent of 100,000 units of the base currency.
Timeline
Time to register: September 05, 2022 - October 09, 2022
Time to Compete: October 10, 2022 - November 06, 2022
Deadline to Deposit: October 31, 2022
(FXCE Server Time | GMT+3)
Do not miss the time! Let’s register!
Visit website: https://colosseum.fxce.com/contest/ and click “Register” to see the trading account option then confirm your registration.
Upon registration, we will send an email to inform you that your registration is successful.
In the end
No matter who you are, where you’re from, or what style your trading is, Colosseum 2022 is here for you to conquer. Traders with EA on FXCE MT5 are also acceptable. We do really appreciate your attendance and our EA staff are always ready to provide technical support. Deposit from $50, a winner will get at least $300 while the champion will win up to $35,900. Besides all the great prizes, the contestants can earn more from FXCE Copytrade Engine. Worth a try, isn’t it?