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FOREXperience 2023
Zero cash investment, and zero risk involved
Join FOREXperience 2023
Think you are a proficient trader? Test your trading skills in FOREXperience 2023, a trading competition organised in collaboration with Singapore Institute of Management’s Investment and Networking club (SIM INC)!
Pit yourself against other budding traders as they strive towards achieving the highest returns, with attractive prizes to be won!
Prizes To Be Won
| RANK | PRIZE |
|---|---|
|
1 |
SGD 800 |
|
2 |
SGD 500 |
|
3 |
SGD 200 |
|
4 - 30 |
SGD 30 |
Prizes will be deposited straight into your trading account.
Trading Rules & Conditions
- The trading competition period will commence at 5am SGT, 6th November 2023, and will end at 12pm, 24th November 2023.
- All participants are given virtual credits of $100,000 in their demo trading account.
- To qualify as a winner, at least 5 trades must be made during the duration of this competition.
- There is no requirement on the size of the trades made.
- To be eligible for prizes, the winner must not be an existing client of Phillip Nova.
Awarding Rules
The top 30 winners will be determined by the ending account equity as of 12pm SGT, 24th November 2023. Terms and conditions on eligibility criteria here.
Competition Timeline
| DATE | EVENT |
|---|---|
|
16 Oct |
Registration Open |
|
3 Nov |
|
|
3 Nov |
Reset of MT5 account equity balance, trading access disabled till 6th November |
|
6 Nov |
Competition starts at 5am SGT |
|
6 Nov |
Registration Close |
|
24 Nov |
Competition ends at 12pm SGT |
|
1 Dec |
Finale Night |
|
|
Announcement of Winners |
Challenge Leader Board
| RANK | MT5 ID | EQUITY BALANCE |
|---|---|---|
|
1 |
1005763 |
$107,508.00 |
|
2 |
1005964 |
$67,247.00 |
|
3 |
1005699 |
$64,487.00 |
|
4 |
1005798 |
$64,467.00 |
|
5 |
1005888 |
$62,217.00 |
|
6 |
1005866 |
$60,977.00 |
|
7 |
1005907 |
$59,294.00 |
|
8 |
1005885 |
$59,056.00 |
|
9 |
1006193 |
$58,633.00 |
|
10 |
1005791 |
$58,494.00 |
*Accurate as of 16 Dec 2021
Tutorial Videos
Phillip MT5, CFD, and Forex tutorial videos to guide you through FOREXperience 2021
Introduction to Spot Forex, Bullion, CFD Trading
Trading Strategies with Chart Patterns
Master Phillip MetaTrader 5 in 1 hour
Introduction To MT5 Platform
Using Analytical Tools and Indicators in MT5
FAQs
Please ensure that you have selected the PhillipFutures-Demo server on Phillip MT5.
Video guides here: MT5 Mobile, MT5 Desktop
Do check your spam folder for the email notification.
FOREXperience is powered by Phillip MetaTrader 5, which offers trading of Forex, Precious Metals, and CFDs on Indices, Shares, Commodities and Cryptocurrencies.
Yes, you are required to download the MT5 platform in the Phillip Futures Setup. Instructions and link for download will be provided in the email that will be sent upon submitting the registration form.
Phillip Futures will issue you a MT5 login for the purpose of the competition upon submitting the registration form. Only this login will be taken into consideration for FOREXperience 2021.
You can place demo trades on the platform up till day of Introductory Night (12th November 2021). Trading access will be disabled and equity balance will be reset ahead of the commencement of trading period which starts at 5am, 15th November 2021.
All realised profits are valued in USD. Open positions will be liquidated at 12pm on 17th December 2021.
Yes, Phillip MT5 runs on hedge mode which enables simultaneous holding of opposite positions in the same contract.
The trading competition period will commence at 5am SGT, 15th November 2021, and will end at 12pm, 17th December 2021.
Everyone will be given a starting capital of $50,000.
You do not have to use the entire given capital.
At least 5 trades must be made during the duration of this competition.
There is no minimum or maximum position size per trade set in this competition. For minimum size for each contract, see here.
The starting capital of $50,000 is your available margin.
The top 10 winners will be mainly selected based on the net percent increase of their capital, but other measurements such as Margin of Safety, Sharpe Ratio, etc may be used to determine the overall ranking in the competition.
If there is a tie between position holders, we will select based on the highest win-rate in percentage.
