Haydn Franklin Haydn Franklin, Wednesday 29th January 2020, 5:12 PM CET
TradeRace Trading, global markets

TradeRace Launches New Trading Service

Worldwide financial authorities are discouraging their respective citizens from engaging with online forex trading. They’ve continually claimed that the process is unfair and steals funds from consumers, with trades never working in favour of clientele. These claims are perception-related, meaning that those from standard financial global markets aren’t privy to new technologies that can benefit global markets. Ultimately, that’s exactly what digital FX & Cryptocurrency trading provides. Looking at client-related reviews, it’s continually mentioned that contracts are promptly executed and that online exchanges offer excellent customer service. This extends to multiple innovative concepts that grow account valuations for clients. There are always specific ways in which traders can engage with CFDs, Indices, Stocks, FX Trades and more.

One software firm that’s working towards providing an innovative service is TradeRace, which is located in Hong Kong. They’ve released a new trading competition, which receives annual updates from software engineers. It’s designed under the STP Model and provides simplistic controls. The overall purpose of this trading competition is to give standard clients the same capabilities that executive brokerages have, allowing them to increase their monthly account valuations drastically. This marks the 1st time any online software firm has provided clients with these levels of trading capabilities. It’s estimated that 100 thousand have pre-emptively signed on for this TradeRace product.

Those participating in this project will have global access on February 1st. Clients can open five accounts monthly, allowing for a maximum deposit of $150.00. This has been done deliberately, allowing for growth to be evenly distributed amongst consumers. Eccentric traders won’t overshadow lower-valued participants. Funds cannot be replenished after initially monthly deposits, which will encourage responsible trading from this 100k clients. Profits could drastically rise from the $150, with several pre-emptive strategies available for selection. It’s estimated that most intelligence participants can earn 400x their value across all accounts on monthly rates. It should be noted that to acquire new consumers, TradeRace is providing a monthly prize worth 70% of all trading commissions generated by the software firm. Subsequently, competition amongst all 100k consumers will be ferocious.

The Statements from TradeRace

The Director of TradeRace Competitions Ltd, Antonis Nicholas, spoke on their upcoming service. He stated: “We decided to structure this competition in a way that puts clients in the driving seat. The full STP model means we’re agnostic to each trade, so competitors are left to trade against the market and one another, with winners benefitting from a share of the commission as well as their trading profits. There’s negative balance protection in place, and we like to think of this concept as meeting the needs of both professional and recreational traders alike. We have also decided to push out spreads, funding a bigger prize pool and also ensuring the best possible trading experience. This has all been designed to entertain participants, as well as to provide a traditional platform for generating wealth.”

Future Developments

Those interested in participating in the monthly prize’s funds can subscribe for an account with TradeRace immediately. Awards are announced on the 1st date of every month. Services acquired when registering with this platform include liquidity components on the MT4 platform, allowing for broad audiences in global markets to be covered. Numerous indices, cryptocurrencies and contracts-for-difference are provided as well. It should be noted that these future developments will include additional incentives to increase client acquisition throughout the second and third quarter of this financial year.

Featured in this article

Forex USA
Your capital is at risk:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Haydn Franklin

Author: Haydn Franklin

Hayden joined whichbroker.com in March 2019. He previously held positions at leading US facing financial news outlets. Hayden's focus is primarily Crypto and Forex news at whichbroker.com, however he is also whicbrokers long form content specialist leading him to write longer posts with an investigative angle. Hayden gradutated from the University of Chicago. Haydn Franklin can be contacted at [email protected], View all posts by Haydn Franklin

Featured Brokers

  • AJ Bell Review

    Open AJ Bell Account

    Read AJ Bell Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • Binance

    Open Binance Account

    Read Binance Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • ATFX

    Open ATFX Account

    Read ATFX Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

More From Author