Saxo Bank, the trading and investment specialist, has launched Saxo Trade Challenge, a trading competition open to Saxo Bank A/S clients with a minimum funding of USD $2,000.
Saxo Trade Challenge will reward the top three performing traders on its award-winning, multi-asset social trading site, TradingFloor.com, over a seven week period, from October 27th to December 18th.
The prize pool for the competition totals USD $9,000, with first, second and third place winners of the competition to be announced on December 19th. The winner will be the investor on TradingFloor.com with the highest positive return generated during the competition period.
The competition is open for entry from October, 2014 3rd through 26th, after which trading commences from October 27th.
Commenting on the launch of the competition, Rune Bech, Global head of Digital Media and Communications, said: “Social trading is gaining popularity amongst retail investors. TradingFloor.com has generated and continue to generate high performing, active users. They want to be empowered to seize every opportunity that arises in the market place, and learn from their peers rather than paid professionals. Since commercial launch in April the number of unique users has grown rapidly and the growth ratio is expected to continue as we activate further the new language versions in German, French, Russian, Greek, Turkish, Spanish and Latin Spanish.”
“The Saxo Trade Challenge competition gives them the perfect opportunity to prove their trading prowess with the full range of Saxo trading tools at their disposal. We look forward to identifying the winners and rewarding them – let battle commence.”