WorldSpreads £100,000 Spread Betting Competition
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WorldSpreads is offering a prize of £100,000 to any spread betting account holder who can open and close ten consecutive profitable trades in a row between Monday 15th November and Friday 10th December. To qualify, the trade must earn a profit of at least five points.
The competition celebrates 10 successful years in which WorldSpreads has grown globally and become, from a price perspective, one of the most competitive spread betting companies in the UK.
A recent study of WorldSpreads customers' spread betting activity showed that almost 75% of clients' bets are closed in profit. In fact, 7 WorldSpreads clients placed 10 such consecutive winning trades between May and July of this year.
If more than 1 spread bettor wins, the cash will be divided equally. If no-one achieves 10 such profitable trades in a row, the prize will be award to the client(s) with the highest number of consecutive winning trades.
The competition is open to new and existing spread betting customers.
WorldSpreads CEO Conor Foley, says that this is a chance for any type of investor to show what they can do, "This competition is for everybody. It celebrates not only our birthday but the appeal of spread betting for those trading for a living or just for fun. I look forward to handing over the cheques in time for Christmas" he said.
World Spreads - Trading
'Open and Closed' trades means new trades, not a series of profits from one trade, for instance, by profitably trading the Wall Street index ten times in an hour. A five point profit must be achieved for a trade to qualify.
WorldSpreads clients can take a position on multiple asset classes using a single account. Spread betting lends itself very well to short-term trading, with low transaction costs and real-time pricing on a web-based platform. With the exception of those taking a longer-term view of stocks and shares, the majority of a spread-bettors’ positions are closed on the same day they are opened.
Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'WorldSpreads £100,000 Spread Betting Competition' by DB, updated 19-Nov-10
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