eToro social trading and investing platform has announced a Trading Competition that is scheduled to take place at BlockShow Asia 2019. According to the platform, the competition offers its participants to discover their trading potential and win attractive amounts together with free tickets to BlockShow.
BlockShow Asia is a milestone event that will take place at Singapore’s Marina Bay Sands on Nov. 14–15. Free entrance will be given to everyone who wins one of the first 10 places. The winner of the Trading Competition will get $500 while those in the second and third place will get $300 and $200 respectively.
This competition is scheduled to take place online from Oct. 26 until Nov. 10. Anybody wishing to participate will need to register on the official BlockShow website by Oct. 23. The competition’s winners will get these awards on the BlockShow stage. An eToro representative will give a speech on the stage and congratulate the winners while sharing new developments of the platform.
Participation in this competition is free. The trader’s capital is not at risk as they will get virtual money for trading. Additionally, the competition is open for both the novice and experienced traders. As eToro states, its platform offers educational guidance for the novices and the risk-management features for the already-experienced traders.
How to Participate
This Trading Competition will be organized this way: Every participant either uses their existing account or sets up a new one on the web-based or app-based eToro platform. Then, the person will get a virtual capital of $100,000 which they can use to buy financial instruments. All of the products on the eToro platform are available for this virtual trading competition.
The results will then get ranked by yield with the ranking being updated on an hourly basis. Participants and interested parties can check out the ranking on a live table that will be available on the BlockShow site. The person who attains the highest monthly profit ratio will be announced as the winner.
The participants do not have to risk their money since they are allowed to use the virtual money offered by eToro’s platform. Thus, participating in the competition brings no possibility of losses. It provides monetary gains, enhancement of trading skills, and free tickets to go to the BlockShow.
Distinctive Platform Features
eToro is an exchange and social network for traders and investors with registered offices in Limassol, Cyprus and London, England. It lets users connect and discuss trading strategies. Moreover, it offers the patented CopyTrader technology letting beginners to automatically copy trading portfolio performance of the major and more experienced traders.
Users can trade a wide variety of cryptos that include XRP, BTC, DASH, Ethereum, BCH, LTC, and many others. Traders are allowed to set up their crypto-based portfolio and execute market orders almost instantly.
While using this platform, traders can trade and invest in top stocks and exchange-traded funds. They can also trade indexes, currency pairs, and commodities through contracts for difference. Additionally, the eToro team promises that it will not charge any broker fees when opening and closing all positions. They also guarantee unlimited trading volume.
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.