The second week of the SFX competition is an excellent time to prepare some summaries. On the occasion of our 10th birthday, we decided to reward our clients with rewards for achieving the best results… and it must be added that the leaders are delivering a performance that rivals even top-tier investment funds and seasoned crypto traders. But one step at a time.
SFX Contest: You can still join
Though the SimpleFX Trading Contest began on November 4th, there’s still plenty of time to jump in—the best is yet to come, and the current results show that the prize is still within reach!
Join now to compete for a share of our $100,000 prize pool and 10,000 SFX Coins, which you can use as cashback on our WebTrader platform. The contest rewards those who achieve the highest ROI (Return on Investment), so the better your results, the bigger your chance to win!
SimpleFX gives you access to various assets—from cutting-edge crypto and AI stocks to major forex pairs, commodities, and indices worldwide. Whether you’re into dynamic, high-potential markets or prefer steady trades, there’s something here for everyone.
Visit our dedicated contest page.
How do the participants cope?
To say that they can trade is like to say nothing. But let the numbers speak louder than words.
List of the highest results for a week Nov 4 – Nov 10.
To understand what 516% ROI is, let’s do some quick calculations. Maintaining this ROI every week for a month would result in an x1440 multiplier. Well, that’s how multiplying 6.16 by itself four times works.
It’s a theory. How about practice?
As many as the first 6 accounts achieved 3-digit ROI in just a week. For comparison, the world’s most crucial index, the S&P500, has been giving an average rate of return of 10%… annually for 100 years. Over the last 14 years, gold, S&P500, and BTCUSD have given an average annual (!) return of 5%, 12%, and 148%, respectively.
What to buy to win?
It’s simple: those assets that grow the most. Ok, you probably expected a different answer… but do not worry. We can still present you with historical data.
What immediately catches the eye is trading automation by our contestants. They were using simple mechanisms of stop-loss and take-profit. What a profitable risk management!
Now, you probably think that 3-digit returns are only for crypto.
You will be surprised.
The author of the 516% ROI result did not trade on this market at all. Instead, the focus went on indices and commodities. Crypto appears in the second and subsequent places and hand in hand with indices and currencies. Indices as an idea for high ROI are intertwined in practically all winning portfolios. However, these are only sometimes American ones. Other vital components are commodities, metals, and cryptocurrencies.
If you remember that past results do not guarantee future results, the lesson is clear. SimpleFX’s extensive portfolio allows you to create Olympic strategies based on one or more asset classes. Recently, we added Australia, Malaysia, South Africa, Singapore, and Hong Kong stocks. If you have a plan, you can beat the rest with indexes alone, or you can buy a little of everything and diversify.
The choice is yours!
The information provided on this website does not, and is not intended to, constitute investment advice; all information, content, and materials available on this site are for general informational purposes only.
