AUCKLAND, New Zealand--(BUSINESS WIRE)--FXOpen, a leading MT4 FX broker, has recently sponsored a number of regional Forex Championships organized within the framework of the popular ForexCup project. The Chinese Forex Championship is the latest great tournament held after a successful championship in Russia and was seen as a great opportunity for Chinese traders to respond to their Russian rivals. The Russians took the main prize in the previous competition despite finishing second due to the contest rules.
The Chinese Forex Championship gave only traders from China a chance to compete for the main prizes. The contest, lasting for 8 trading weeks over January and February 2014, has proven itself a landmark event for the Forex community as traders worldwide followed each stage of the competition at ForexCup.com.
“Even though the Chinese Forex Championship is a regional tournament and only traders from China qualified for the main prizes and the Best Trader title, anyone interested in participating in one of the most challenging ForexCup competitions could join and compete for FXOpen bonuses,” commented Denis Peganov, FXOpen NZ Limited Director. “217 traders of various nationalities have shared the bonus fund totaling US$4,000!”
The Chinese traders showed excellent trading skills and deep knowledge of the market mechanisms. The top three participants have been awarded with PAMM ECN accounts of US$3,000, US$1,800 and US$1,200, respectively, as well as real-money bonuses for their outstanding performance.
“Chuan Feng Lin became the main prize-winner,” added Peganov. “He made 1060% profits over the championship, setting a record among 1098 contestants. The 2nd place went to Zhongqing Yang who made 1002% profits, while Ping Zheng with 950% profits took 3rd place. FXOpen would like to thank all the participants and wishes them every success with their future trading,” added Peganov.
FXOpen has been operating in the Forex market since 2003. Over the 10 years of its existence the company has developed a number of Forex-related solutions and cutting-edge technologies such as the MT4 ECN trading platform, PAMM service, OCTL and Level2 plugin, STP and Crypto accounts alongside many other enhancements. FXOpen has expanded its footprint in the global markets as a retail broker and a B2B liquidity provider. The company is regulated and is renowned for offering a high quality service to its partners and clients.