HELLERUP, Denmark, Oct. 6, 2014 /CNW/ - Saxo Bank, the trading and investment specialist, has launched Saxo Trade Challenge, a trading competition open to Saxo Bank A/S clients with a minimum funding of USD 2,000 equivalent by 26 October.
Saxo Trade Challenge will reward the top three performing traders on its award-winning, multi-asset social trading site, TradingFloor.com, over a seven week period, from 27 October to 18 December.
The prize pool for the competition totals USD 9,000, with first, second and third place winners of the competition to be announced on 19 December. The winner will be the investor on TradingFloor.com with the highest positive return generated during the competition period.
The competition is open for entry from 3-26 October, 2014, after which trading commences.
Commenting on the launch of the competition, Rune Bech, Global Head of Digital Media and Communications, said:
"Social trading is gaining popularity amongst retail investors. TradingFloor.com has generated and continue to generate high performing, active users. They want to be empowered to seize every opportunity that arises in the market place, and learn from their peers rather than paid professionals. Since commercial launch in April the number of unique users has grown rapidly and the growth ratio is expected to continue as we activate further the new language versions in German, French, Russian, Greek, Turkish, Spanish and Latin Spanish."
"The Saxo Trade Challenge competition gives them the perfect opportunity to prove their trading prowess with the full range of Saxo trading tools at their disposal. We look forward to identifying the winners and rewarding them - let battle commence."
About Saxo Bank
Saxo Bank is an online multi-asset trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com, is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on our award-winning SaxoTrader platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.
SOURCE: Saxo Bank
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