The French arm of retail brokerage firm IG Group has set up a trading challenge in Turbo24 instruments.
The ‘challenge’ is more akin to a five day-long trading tournament. This will take place from 17th June to 21st June.
The trading challenge will take place with virtual funds and whoever can deliver the highest returns over the five day period will be the winner.
There are several prizes on offer, including an e-bike, scooter, and smart watch.
There is no entry fee to take part in the contest, nor is this some kind of funded trader programme.
Nonetheless, the description of the tournament as a challenge and the use of demo accounts is striking, as it suggests a major player in the retail trading sector, and one that is more likely to err on the side of caution from a regulatory point of view, is paying attention to the rise in funded trader companies.
The tournament will also be held in conjunction with several IBs and affiliates that IG’s French entity works with, including UGK Trading and DT Trading.
