The social trading and investing platform eToro has announced the Trading Competition that will take place at BlockShow Asia 2019, an international blockchain festival powered by Cointelegraph. As eToro pointed out, the competition offers its participants to discover their trading potential and win money together with free tickets to BlockShow.
Free entrance to BlockShow Asia, a milestone event taking place this year at Singapore’s Marina Bay Sands on Nov. 14–15, will be granted to everyone winning one of the first 10 places. As for monetary prizes, the winner of the Trading Competition will get $500, and the participants in second and third place will get $300 and $200 respectively.
The competition will be held online from Oct. 26 until Nov. 10. Anyone wishing to take part in the event will have to register on the official BlockShow website up until Oct. 23.
The competition’s winners are going to get the awards on the BlockShow stage. A representative from eToro will be giving a speech on the stage as well to congratulate the winners and share new developments of the platform.
Participation in the competition is free of charge. And the trader’s own capital is not at risk, as he or she will receive virtual money for trading. Moreover, the competition is for both novice and experienced traders. As eToro notes, its platform offers educational guidance for complete beginners as well as risk-management features for already-experienced traders.
How to take part in the competition?
The Trading Competition will be organized in the following way: Each participant either uses an existing account or creates a new one on the web-based or app-based eToro platform. Then, he or she receives a virtual capital of $100,000, which can be used for buying financial instruments. All of the products on eToro are available to trade.
The results will be ranked by yield with the ranking being updated once an hour. It will be possible to check out the ranking on a live table on the BlockShow website. The winner is going to be the one to attain the highest monthly profit ratio.
It is important to emphasize that the participants of the competition don’t have to risk their own capital and can simply use the virtual money provided by eToro’s platform. In other words, taking part in the competition brings no possibility of losses — only monetary gains, an improvement of trading skills and free tickets to BlockShow.
Unique features of the platform
With registered offices in London and Limassol, Cyprus, eToro is an exchange and social network for investors and traders. It allows its users to connect with other traders and discuss strategies. The company also offers the patented CopyTrader technology so that beginners can automatically copy trading portfolio performance of major traders.
The platform offers its clients the chance to trade a wide variety of cryptocurrencies, such as BTC, Ethereum, BCH, XRP, LTC, DASH and many others. Users can easily build their crypto-based portfolio and execute market orders almost immediately.
Using eToro, it is possible to trade and invest in top stocks and exchange-traded funds. Users can also trade currency pairs, indexes and commodities via contracts for difference. The eToro team promises no broker fees when opening or closing positions, as well as an unlimited trading volume.
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