IronFX Global, the Cyprus-based online broker, has announced that it is launching its biggest live trading competition,“The IronFX Intergalactic Trading Competition,” where forex traders will compete for a place aboard a Virgin Atlantic spaceship.
As more and more Forex and binary options brokerages have recently signed sponsorship deals with leading sports teams in popular fields such as soccer, basketball or F1 car racing, IronFX found a way to be original with a prize that is truly out of this world. It would be quite interesting to see if this move ignites a space race among the other brokers to match the sports race that is already ongoing.
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Running from September 1 until December 31, 2014, IronFX traders will compete for the prize of an experience on a suborbital spaceflight worth $250,000, and will “make history” by being the first trader in space as boasted by the company.. The broker is also offering up to $5,000 in cash to one hundred runners-up of the competition, making this the firm’s most expensive live trading competition to date.
Markos A. Kashiouris, Chairman & CEO of IronFX Global commented: “IronFX is unmatched in its efforts to reward clients and partners with unbeatable prizes and once-in-a-lifetime experiences. The ultimate prize of a trip to space is unique in the forex industry, and represents our tireless commitment to unrivalled innovation and incomparable excellence.“
This is not the first time IronFX has pulled an expensive publicity stunt like this. Beyond offering luxury prizes such as two Ferraris and a Lamborghini before, the broker also agreed to pay a sum of nearly three million euros earlier this year for a sponsorship deal with the Spanish football club, FC Barcelona, so that the broker could use the club’s image it’s advertising.