The Forex and CFD broker RoboForex, an online broker regulated by bodies such as CySEC of Cyprus, is celebrating its 10th anniversary through a promotion for its clients and affiliates. This promotion has a total prize fund of $1,000,000 that will be distributed among the winners over a period of 8 months. -Promotion period: This promotion will start on October 1, 2020, and will last a total of 8 months. In each month from October to April 2021, RoboForex will raffle about 30 cash prizes totaling $100,000. Additionally, in May 2021, the company will hold a Grand Final Prix with a total prize pool of $300,000.
You can obtain more information about RoboForex and its online brokerage services for Forex and other markets, through the following guide of this company: RoboForex Broker ReviewThe Grand Final Prix will be held among all the coupons obtained during the promotion period, with the exception of the coupons that won prizes in previous months.
How to participate in the RoboForex 10th-anniversary promotion?It is a promotion in which all RoboForex clients, both new and existing, can participate. To participate in the promotion, the trader must be a client of RoboForex Ltd. The prizes will be raffled among the participants who have special Coupons. These coupons can be obtained in 2 ways:
- Trading in RoboForex Prime accounts on any of the multiple currency pairs and precious metals offered by this broker
- Attract new clients who open an account with this company, deposit funds, and start trading.
Trade on a Prime accountRoboForex Prime accounts present the best trading conditions that this broker can offer. Through these trading accounts, the client can trade with ultra-low spreads from 0 pips, commissions of 10 USD per 1 million USD of trading volume, and a leverage of up to 1:300. Prime accounts offer market execution with ECN/STP trading conditions and are a perfect option for algorithmic trading.
How to get a coupon through Prime accounts?
- Deposit $300 USD or more into a Prime account.
- Complete a trading volume of 3 lots or more per month. Only trades with Forex and precious metals will be taken into account for the monthly transaction volume.
Refer new clients to RoboForex through its referral programRoboForex offers its partners up to 60% of the profits that the company makes with the referred traders. All the affiliate needs to do is attract active clients to RoboForex who open an account, deposit funds, and start trading in the markets. A Partner receives up to 50% through the VIP program and the remainder – by the Loyalty Program, where the payments may reach 20% of the monthly partner commission fee. More information about the company’s referral program can be found in the following review: RoboForex broker affiliate program
How to get a coupon through the company’s referral program?
- The affiliate gets a coupon if he receives a minimum of $300 USD in commissions from the referral program during the month.
Becoming a trader (signal provider) of the CopyFX copy trading platformCopyFX is a copy trading platform developed by RoboForex that enables successful traders to attract subscribers (copiers) to their strategies and get paid commissions for all their profitable copied trades. By trading on CopyFX accounts, the trader earns money not only from his own trades but also from the profits that his subscribers obtain from the trades they copy.
How to get a coupon through the RoboForex CopyFX platform?The trader receives a coupon if he becomes one of the 30 best traders of the month with a Prime account at CopyFX.
You can get more information about the CopyFX copytrading platform and open an account as a provider of trading signals at the following link: RoboForex CopyFX Platform
How are the winners of each month chosen?Each coupon has a unique 6-digit number. The closer this number is to the winning combination, the better your chances of winning. For its part, the winning combination is defined by the share prices of the top 30 US companies. To make the draw more transparent, the company will take the closing prices of the first Friday of each month. The combination is made up of the last digits of the price quotes of the stock pairs that RoboForex will choose in advance for each winning place. Participants will be able to consult the chosen shares on the company’s website. Here is an example to better understand how each draw in the promotion will work:
ExampleSuppose that on the day of the draw, Apple (AAPL) shares closed at $114.31 per share. For the winning combination, RoboForex takes the last three digits of the quote: 431. The same algorithm applies to Amazon (AMZN). Now let’s imagine that the price of these shares closes at $3,144.88 per share, which means that the digit 488 will be taken for the winning combination. Therefore, the winning combination for 1st place (AAPL + AMZN) will be 431488. The participant with the Coupon with the closest number will receive $20,000 in his trading account. This sum can be withdrawn at any time or used for trading purposes without restrictions. You can find more detailed information about the rules on the promotion page.
When to expect the results of each draw?Once the month is over and the participant accumulates the coupons that he has obtained during that period, he must now wait for the results of the draw to be announced on the first Friday of the new month. For example, if the trader obtained a Coupon in October, he will know the results on the first Friday of November (November 6, 2020). The following image shows the dates of the promotion draws for the following 4 months:
Prizes offered by the promotionIn each month of the promotion, RoboForex will draw a total prize pool of $100,000 among participants who have obtained coupons. The prizes will be distributed among 30 winning participants, who, according to the position occupied, will obtain the following amount of money:
|Position||Prize money (USD)||Number of prizes|
|2 – 3||10 000||2|
|4 – 7||5 000||4|
|8 – 12||3 000||5|
|13 – 19||2 000||7|
|20 – 30||1 000||11|
Grand Final Prix PrizesAt the end of the promotion, RoboForex will carry out a Grand Final Prix among all participants who have obtained coupons throughout the period (with the exception of coupons that won prizes in the previous draws), which will have a total prize pool of $300,000 USD, which will also be distributed among 30 winners. The prizes in this final draw are as follows:
|Position||Prize money (USD)||Number of prizes|
|2 – 3||30 000||2|
|4 – 7||15 000||4|
|8 – 12||9 000||5|
|13 – 19||6 000||7|
|20 – 30||3 000||11|