August 27, 2012 - London, 27th August 2012 - ICM Capital UK a leading provider of online foreign exchange and commodity trading services is pleased to announce it will be participating in the 3rd Arab FX Championship and Expo in Dubai. This event is the first of its kind in the UAE and is being held under the Patronage of HH Sheikh Hamdan Bin Rahsid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Industry.
The championship will be held at the Intercontinental Hotel, Festival City on 11th and 12th September 2012. Over 1,000 traders based in the UAE will compete on Demo Accounts designed for traders to practice their trading skills with live streaming prices. Traders will receive $5,000 in their practice account and will trade with a leverage of 1:100. The demo account will allow traders to practice their trading strategies before the event, after which they will partake in the competition using the same platform. Further advantages of new traders practicing on a demo account are that it builds their confidence, develops their trading strategies and allows them to test these strategies in a risk free environment. As well as this, demo accounts increase familiarity with the markets and trading products ensuring traders are familiar with the platform when joining the real markets.
Elizabeth Rayment, Business Development and Marketing Manager at ICM Capital mentioned:
“We are delighted to be participating in this championship and wish all participants the best of luck. Traders who are not part of the championship but still wish to practice their trading strategies on the ICM Capital MetaTrader 4 demo trading platform can visit the official www.icmcapital.co.uk website and simply submit their details in the online form to apply for our demo account. They will then be provided with a personal Account Manager who will answer any questions new traders may have.”
During the championship awards will be given to the top 15 traders. The top three traders will qualify to participate during the final round which will also be held in Dubai in December 2013. Throughout the competition the organisers have announced that over 1 Million AED worth of prizes will be distributed to the winners. Registration is open to residents of all Arab countries including expats residing in these countries. All traders must be present in Dubai on 11th and 12th September 2012 to partake in the final round of the competition.