FXDrive Contest turned out to be one of the most popular & rewarding trading contest in retail fore

PRLog (Press Release) - Jun 24, 2010 -
FXDrive Contest turned out to be one of the most popular and rewarding trading contest in retail forex history.

Forex Club Financial Company (www.fxclub.com), a New York based FCM, announced the official ending of the final round of its FXDrive contest.  The FXDrive contest was a week-long trading contest that was held once per month.  During the contest, participants would buy or sell large sums of foreign currencies in an attempt to profit off of the price fluctuations.  The contest was held on the company’s ExpressFX trading platform, which is renowned for its simplistic interface, zero spread trading and commission refunds on unprofitable trades terms.  The contest was held on demonstration platforms, meaning that all trades were placed with virtual funds instead of with actual cash.  

The nine month long trading marathon has ended with great success.  Over 30,448 traders from 128 countries partook in FXDrive, making it one of the most popular forex trading contests in recent years.  15,357 contestants were actively trading during the contest and almost half of them (43%) finished in profit.

Throughout the nine contest rounds, Forex Club gave out over $58,000 in cash prizes and over $ 18,000 in incentive funds.  On top of that, one of the participants will win a brand new Infiniti FX35 later this month, when Forex Club celebrates its fifth year anniversary.  These prize amounts made FXDrive one of the most rewarding contests in retail forex history.
The level of traders’ trading skills continued to rise throughout the contest.  A few contestants from China have demonstrated outstanding results. Twenty eight year old trader Hu Chuan has managed to win three contest rounds (5th, 6th and 9th) and trader Zhang GuoWei  broke an all time record for largest ROI by making $845,538 in May contest round.  

The results of the top ten players in all contest rounds were just as impressive. In nine contest rounds, the top ten traders of each round collectively made more than $3,500,000 in profit.

Given that all traders have started out with the same deposit amount of $1,000 and traded on regular market conditions, these results clearly demonstrate how exciting and rewarding forex trading can be.

Forex Club (www.fxclub.com) would like to thank all the traders who joined the contest and wish them the skill to excel in live forex trading as well.