Dear traders, we are announcing an upcoming trading contest. To participate in Contest, pre-registration is required. The Contest is scheduled for Monday, Oct 5th. Registration is opened and will continue until 21:59 UTC Sunday, Oct 4 (04:59 pm Chicago). The Contest will begin Oct 4 at 22:00 UTC. (05:00 pm Chicago; 00:00 CEST on Oct 5) and run until 20:10 UTC Oct 9 (03:10 pm Chicago. Contest Trading Conditions: You will be trading a $ 50,000 Practice Session Account Profit target: $2,800 Daily loss limit: $1,000 Max. trailing drawdown: $2,000 Trade a minimum of 5 days You are able to trade a maximum of 5 lots at the same time Register for the Contest
Are you saying that if one passes your $50k account parameters within 5 days (4-9 October) one will receive a funded account with yourselves, i.e. fast track access to funding with no evaluation fee?
no what he is saying is virtually no one will get funded, he will increase his advertisement base and hopefully get many retail traders paying monthly fees to try.
Let's hear a clear explanation of: "Contest starting next Monday. Win your Funded Account.".... From the help articles on the site: https://help.lmitrade.com/knowledge-bases/2/articles/96-traders-contests-general-information I note: "All traders who take part will compete for free Practice Session accounts and our Traders’ Recruitment Program discounts. As you trade your competition account, you show us what you know about the markets and how well you can maximize profits" I do not see how a "free Practice Session account" or "Traders' Recruitment Program discount" is "Winning a Funded Account".
can you give us traders a side by side comparison of your advantages to OneUp, TST, Earn2Trade, Try2BeFunded, the 5ers, etc? Where are your advantages? Remembers, side by side comparison and not a large pre-formed sales flyer.
Yeah there are a few layers to get through. This is kinda like the first part of the TopStep tryouts. It's advertising is all.
We do include a Funded Session account as one of the prizes from time to time. Not this time, unfortunately. Sorry for the confusion, what I really meant is that by winning your Practice Session, you can make your way to getting funded in no time. Let me explain: you will get a free Practice Session that you can pass in 5 trading days. After that, you will get a FREE subscription you your Qualifying Session where you trade a minimum of 8 trading days. All in all, you virtually get chance to get a free Funded Session account. But thank you for your remarks! We do apprectiate attention from our users. P.S. Next time we do the contest, I believe we'll make a 10K Funded Session account a top prize.
Topstep makes you pay for the first stage of their evaluation, then they make you pay for the second part. You contiue paying until you give up or win your funding. Our approach is different. We do want a fast track for you to a Funded Session account, AND it's going to get you cheaper than Topstep anyways.
I'm not authorised to do side-by-side comparisons of proprietary trading firms, but with little google research you will see the picture clear for yourself. In short, Topstep makes you pay way more than we do for the evaluation program. We don't charge for the first month of our Evaluation program second stage. Please compare for yourself. OneUp would the impose new conditions on your profit targets and daily/weekly drawdowns once you are funded and they notice you're doing well. Therefoe, they will make sure you won't be able to stay afloat for much long. Our conditions are clear, very playable and they don't change just be cause more of your money. The contest is a good place to start, btw. Wishing best of luck who have registered and hope you win!