Fair Trading Technology ups the ante with chance for $5000+ top prize in MT5 trading contest

With five $1000 weekly winners and nine weeks remaining in their MT5 trading competition, Fair Trading Technology announces an additional prize of at least $5000 to the over-all top trader if more than 5000 people enter by March 20, 2011.

Online PR News – 11-January-2011 – – In addition to the $1000 weekly prize, Fair Trading Technology is further increasing the incentive to join their weekly MT5 beta trading contest by offering an additional cash prize to the contest's over-all best trader if more than 5000 people enter.

The contest, which is entering its sixth of 15 weeks, offers a $1000
prize to the trader with the highest weekly equity gain. As extra incentive, however, the trader with the best over-all equity gain for the duration of the contest will win a minimum of $5000 if more at least 5000 traders enter the contest.

The prize will increase by $1 for every additional trader over-and-above the first 5000.

“This gives traders an incentive to tell others about the contest and, in turn, the more contestants we have, the better test of our MT5 bridge we will get,” said Fair Trading Technology co-founder and resident Metatrader guru McLean Van Cleve.

Weekly winners are judged based on their equity gain on a weekly basis. Each week presents a fresh start, so even new entrants are not at a disadvantage over traders who may have been with the contest from week one.

For example, someone starting this week and makes a $10,000 gain on a starting balance of $100,000, or a 10% gain, would beat a trader in the contest from the start who made $12,000 on a starting balance of $500,000, or a gain of only 6%.

"We wanted to give everyone an opportunity to win and doing it this way essentially levels the playing field every week." says Fair Trading Technology Co-Founder and resident Metatrader guru, McLean Van Cleve.

So far five traders have emerged from the hundreds of testers to be awarded the $1000 weekly prize, producing a cumulative return of 1278%.

The contest runs until March 20, 2011. Participants can register at http://secure.fairtradingtech.com/contest.

Fair Trading Technology is a technology provider of transparent trading platforms. It is the first company ever to deliver a totally transparent Metatrader trading bridge with two-way execution at the world's largest Swiss ECN, the SWFX Marketplace of Dukascopy Bank.