Hi traders,

cocciolla from Italy has ended the June with almost one million USD in profit in the Trader contest,  but due to the lack of points in other nominations he took only the eighth place. However, his cumulative profit in both the 6 and 12-month nominations appeared to be the biggest among all Signal Provider Grand Prix participants and brought him 9,000 USD of prizes in total. Congratulations!

Mani from Pakistan who finished second in the 12-month nomination in the previous quarter was trying to rise her cumulative PnL during the second quarter but the gotten result was not enough to beat cocciolla and she took second place in the 12-month nomination again. She also finished third in the 6-month nomination with 1,020K of profit.

mucha89 from Poland finished third in the 12-month nomination and second in the 6-month nomination and thus won 3K USD in total.

We congratulate all the winners and wish all Trader contest participants good luck in the current month. As you may notice, certain changes have affected the Trader contest and Signal Provider Grand Prix contest.

Starting from July, the participants of the Signal Provider Grand Prix will be filtered by the average maximum drawdown during 6 or 12 last trading months. Prizes will only be available for traders whose average maximum drawdown does not exceed 60%. Along with these changes, there are also a few bonuses:

•    Signal Provider contest changes from quarterly to monthly;

•    The number of prize places changes from 6 per quarter to 10 per month;

•    Yearly prize fund increases by 69% (from 62 to 105 thousand dollars).

We hope these changes will encourage traders to take less risk in the long-term and make contests more attractive.

For more information please click here.

Regards,

Community team