The Varengold Bank FX Trading-Challenge has ended

The Trading Challenge of Varengold Bank FX in cooperation with e-Forex has finished and we are glad to pronounce the winners – Miroslav, Thomas and Georgios.
During September 1st till November 30th 2011 they managed to finish the Trading Challenge with a very well risk-adjusted rate of return.

Varengold Bank FX provides a total amount of 300,000 USD to the winners of the Trading Challenge. Subsequent the winners will compete against each other in the final challenge. The best of them could ultimately receive a trading capital of up to 1,000,000 USD and a bank-based sales and distribution support in order to fill up the fund (based on Managed Accounts) with further third-party capital.

Final Ranking

First Place: Miroslav

• Rate of return: 28,827.88%
• Standard Deviation: 46.87%
• Risk-adjusted rate of return: 615.07%
• Prize: A managed account with a start-up capital of 150,000 USD

Second Place: Thomas

• Rate of return: 30,414.64%
• Standard Deviation: 90.60%
• Risk-adjusted rate of return: 335.69%
• Prize: A managed account with a start-up capital of 100,000 USD

Third Place: Georgios

• Rate of return: 20.08%
• Standard Deviation: 0.08%
• Risk-adjusted rate of return: 243.88%
• Prize: A managed account with a start-up capital of 50,000 USD

We would like to thank all participants for their interest in the Varengold Bank FX Trading-Challenge!