EN 
CN 
Phillip Nova Young Investors Trading Challenge 2024
Put your trading skills to test on the powerful Phillip MT5. Trade Forex, Precious Metals, and CFDs, and you stand to win from a prize pool of SGD 4450!
What It Is?
Calling all aspiring FX and CFD traders! Ready to showcase your talent and win exciting prizes? Join the Phillip Nova Young Investors Trading Challenge 2024 and compete in a risk-free environment designed to accelerate your trading journey.
Whether you’re a complete beginner or an experienced young trader, this challenge is for you!
Why Participate?
Our introductory bootcamp equips beginners with the essential knowledge and foundation to hit the ground running.
Hone your skills without risking real capital
Acquire valuable experience in simulated live market conditions.
Compete for a share of our impressive prize pool.
Prizes To Be Won
| RANKING | PRIZE |
|---|---|
|
1 |
S$1200* |
|
2 |
S$600* |
|
3 |
S$300* |
|
4 – 50 |
S$50* |
Prize will be deposited straight into your trading account.
How It Works?
We’ll provide you with a virtual trading account on Phillip MetaTrader 5, pre-loaded with $100,000 in simulated funds.
Over the span of 10 trading days, you’ll use your skills to buy and sell instruments, aiming to grow your virtual account balance. The top 50 performers with the most virtual money at the end will win a share of the $4450 prize pool, with the ultimate champion taking home a whopping $1200!
Ready to showcase your skills and win BIG? – sign up for the challenge now!
Challenge Timeline
| DATE | EVENT |
|---|---|
|
13 May |
Registration Open |
|
13 June |
|
|
17 June |
Start of Challenge (5 am SGT) |
|
28 June |
End of Challenge (12 pm SGT) |
|
9 July |
Introductory Bootcamp
All you need to know to get started!
From Zero to Trader: FX & CFD Basics
- Outline
-
- Introduction to Phillip Nova Trading Challenge 2024
- Introduction to Forex/CFD Trading
- Fundamental and technical analysis
- Important risk management concepts
- Formulating a trading plan
- Trading platform walkthrough
- Speaker
- Lim Jun Kit is Forex Strategist at Phillip Nova. As part of the Business Development team in the company, he identifies new products, services and lines of business, and develops marketing and sales strategies to help grow the Forex and CFD business. He makes strategic partnerships with the trading community and tertiary institutions to develop and to grow the client base, particularly young investors. As an expert in his field, Jun Kit's commentary on market performance and trends are often published in the media and in social networks such as The Business Times, Lianhe Zaobao, MoneyFM 89.3 and TradingView.
FAQs
Anyone could register and participate in this trading challenge! However, only participants aged between 18-30, and non-client of Phillip Nova will be eligible for prizes.
Please ensure that you have selected the PhillipNova-Demo server on Phillip MT5.
Video guides here: MT5 Mobile, MT5 Desktop
You may download MT5 for Mac here.
Do check your spam folder for the email notification. If you did not receive your MT5 account information, please contact us at pftertiarychallenge@phillip.com.sg
Yes, you will still be eligible for participation. The starting equity for every participant is $100,000, regardless of participation duration.
Yes, you will be required to download and set up the MT5 application. The link to do so as well as further instructions will be provided in the email you receive upon registration.
Yes, you will be required to download and set up the MT5 application. The link to do so as well as further instructions will be provided in the email you receive upon registration. challenge.
Yes, you may do so in MT5.
You will be able to place trades using the challenge-issued demo account before the challenge starts but do note that there will be an equity reset back to USD100,000 on 14 June 2024. The demo account will then be disabled until the start of challenge.
You may try out the platform using your trading challenge demo account before 14 June 2024. On 14 June, your account will be reset to USD100,000 ahead of the challenge start date.
All realised profits and losses are valued in USD. Open positions will be liquidated at 12pm SGT on the last trading day for consolidation of total profit or loss. You are advised to close your open positions before the cut-off time to protect your equity against unfavourable price fluctuations.
All trading challenge prizes will be awarded in the form of trading credits, credited directly into your live trading accounts.
No. Each participant is only allowed one unique entry to the challenge.
Trading access for your new demo account will be enabled by 6pm daily (Mon – Fri).
Yes. Please send an email to nova_IT@phillip.com.sg and our team will assist with your request.
For More Information
Should you have any query about the Phillip Nova Young Investors Trading Challenge 2024, you may contact us via email at pftertiarychallenge@phillip.com.sg.
