Forex Rally Redeems Nigerian ‘Forex Championship’ Pledges

Forex Rally, an international forex brokerage company, has redeemed the Nigerian Forex Championship awards to winners.

The Forex broker which officially opened a branch of its operations in Lagos in 2015, then introduced Nigerian Forex Championship.

This, in addition to providing array of free educational resources, Forex Rally said the competition was aimed at empowering traders with access to global forex industry expertise through local experience.

The championship star prize, new Toyota Hilux was won by Henry Williams, with runners up also smiling home with Mac Book Pro. Funds worth over hundred thousand dollars were also won by other traders during the period.

Speaking at the prize giving ceremony in Lagos on Tuesday, Michael Akinwale, general manager, Forex Rally (Nigeria), said that the competition was designed to encourage local traders to achieve their financial goals.

He said that participants (aged 18 years and above) were given opportunity to can register by opening a contest account at Forex Rally platform and deposited a minimum of $500 dollars or 100,000 Naira.

“The winner remains the trader with the highest number of points determined by three categories; ROI (Return on Investment), Deposits amount and Turnover. Traders can were allowed to join the contest at any time and had the fair chance to win the grand prize due to the points ranking system. This is what Forex Rally brings: flexibility”, he said.

He said that Forex Rally which was declared the “Best New Comer Broker in the Region” at the Lagos Forex Expo 2016, is already paving the way in Lagos by making forex and its training accessible through analysis, books, seminars, webinars and much more.

Artem Trofymenko, chief executive officer of Forex Rally, said that the platform brings a different perspective in the market, going beyond offering access, to motivating, educating and informing the traders to achieving success and become champions at the international scenes.

“Our analogy is that before you sit behind the wheels, you should know the direction or routes to your destination. We provide the traders with technology too.”

He said that as traders in the conventional market requires the services of a broker, Forex Rally is bring such experience online, as the efficient manner of digitization will create better results for traders.

Trofymenko hinted on Forex Rally’s readiness to expand offices to other locations in Nigeria, with the mindset of liberating the youths from financial limitations.

On his part, Razvan Mihai, Forex Rally Educational Partner in Nigeria maintained that Nigeria’s capital markets have a small penetration within the general public and knowledge of trading is low in the country.

“Therefore, we have a clear mandate to advance financial education to the highest level by inviting accomplished trading experts to Nigeria to share their expertise with local traders,” he said.