WorldForextour (WFXT) is an Internet web site connected with several Forex brokers and binary options brokers, which offers the opportunity to participate in various trading tournaments of different types. Basically there are tournaments for all types of trading styles, from scalping (trades of 5 minutes or less) to swing trading so that any trader can participate regardless of the style in which normally trades in the market.
In this case the trader has the option to participate in different contests in timeframes as short as 5 minutes and as large as one month (trading competitions designed for traders who specialize in long-term trading). Today WorlForextour offers the following types of Forex competitions: First of all,these are trading contests for demo accounts only, so the trader is not risking real money. The contestant only have to make a low payment for subscription which amount is from $1.00 to $5.00 depending on the contest.
Club WFXT Tournaments
- These tournaments provide an unlimited potential of earnings.
- These contests also allow an unlimited number of contestants.
- Generally the prize amounts of these contests are quite high.
- The chance of winning is inversely proportional to the amount of payment.
The prize for each Club WFXT tournament increases with each new contestant that enters. The increase is calculated as a percentage of the amount that must be paid by the trader to enter and is not always linear. For example, with each payment of $5, the first-place prize increases by $ 4.00.
- These contests have a determined prize.
- The number of participants allowed is limited.
- These tournaments generally offer a greater chance of winning, but with relatively small awards.
A sponsored tournament offers prizes for the top three places and has set fixed payments for each of them:
- First place: $1000
- Second place: $500
- Third place: $ 250.
To participate in this contest, the trader must pay a fee of only $1.00.
WorldForexTour has a function to create our own tournament. Custom tournaments can be created for any time frame and allow the author set the following criteria:
- Start Date / Time
- End Date / Time
- Amount of prizes for the top three contestants.
- Amount of subscription
- Minimum / Maximum number of participants.
The creator of the custom tournament receives commissions worth 10% of the total paid for all contestants to participate. Thus, the more traders are invited and participate, the more commissions for the author. For this reason, WorldForexTour includes a tool to automatically invite anyone we want via email.
* The total amount of money for the awards must be equal to 80% of the total paid by all participants. 10% is paid to WFXT and the remaining 10% is the profit made by the organizer of the competition.
In this way, the amount of the prizes are determined by the following criteria:
- Tournament type.
- The amount to participate in the contest.
- The total amount of money deposited by all the traders to enter the contest.
The subscription in Worldforextour is completely free, the trader pays only when he wants to participate in one of the contests. To fund the account, the trader can use the following options:
- Bank wire Transfer.
- Credit Card.
If you are interested in opening a free account with WorldForexTour to have the opportunity to participate in different trading contests with cash prizes, you can access the company´s website through the following links: