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Forex Industry
by Martin on November 4th, 2019

XM 10th anniversary promotion starts this month!

XM’s 10th-anniversary promotion started on November 1st and is still in the process of drafting participants bases on very easy-to-understand qualifying requirements.

The promotion will continue for 10 months and have a prize pool of $80,000 for lucky 50 winners every month. The promotion also features the Grand Gala giveaways which will qualify traders based on their performance during these 10 months.

Before we start unpacking the prizes, let’s take a look at how you can participate in this promotion.

Requirements

In order to be considered for the giveaways, traders will have to have a minimum of $500 or currency equivalent on their XM MT4/MT5 account balance. However, this is not the only qualifying feature of the promotion.

In order to have the chance of winning something, you will have to trade a specific amount every day and gather tickets to participate in the promotion.

For example, a single standard-sized lot traded will earn you one grand value ticket. Grand value is the name of every month’s $80,000 prize pool giveaway. This will also earn you a ticket for the Grand Gala giveaway, which features much better prizes and has a prize pool of $200,000 on each round.

What are the prizes

The Grand value promotion will have a total prize pool of $800,000 and 500 lucky winners over the course of the next 10 months. The prizes for the Grand value promotion are completely monetary, and awarded without the winner having to be present at a specific event.

However, the Grand Gala promotion will feature a $200,000 prize pool including luxury cars or monetary prizes as well.

The prizes for the Grand Gala promotion are structured thusly:

  • Prize 1 – Luxury car or $100,000 equivalent in any currency.
  • Prize 2-3 – Luxury car or $30,000 equivalent in any currency.
  • Prize 4-5 – $10,000 equivalent in any currency.
  • Prize 6-8 – $5,000 equivalent in any currency.
  • Prize 9-10 – $2,500 equivalent in any currency.

These prizes will be awarded to winners at a special venue which is yet to be announced.

The prizes for the Grand value promotion are structured thusly:

  • Prize 1 – $10,000 equivalent in any currency.
  • Prize 2 – $8,000 equivalent in any currency.
  • Prize 3 – $7,000 equivalent in any currency.
  • Prize 4 – $6,000 equivalent in any currency.
  • Prize 5 – $4,000 equivalent in any currency.
  • Prize 6-15 – $2,000 equivalent in any currency.
  • Prize 16-30 – $1,000 equivalent in any currency.
  • Prize 31-50 – $500 equivalent in any currency.

These prizes will be awarded without the requirement to attend a conference.

By Martin

Martin is a professional trader with 3 years of working experience in a Cyprus based brokerage. After the experience, he moved to the UK where he became a financial news reporter at a local news outlet. His years of experience of trading helps him deliver the most quality news, while also analyzing the impacts of it on various markets.

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