Tickmill’s “NFP Machine” Contest offers traders the chance to predict US economic indicators, win up to $500 if accurate.
Tickmill NFP Machine Table of Contents
Prizes of up to $500 for the trader who can guess the price of the selected instrument!
NFP Indicator (Non-Farm Payroll)
First and foremost, let’s clarify what the NFP indicator is and why it’s so important.
Non-Farm Payrolls (NFP) are essentially a collection of data concerning employment in the United States, specifically within the manufacturing, construction, and goods sectors (comprising around 80% of all American workers). Excluded from this list are agricultural workers, government employees, and those in non-profit organizations. The NFP report is regularly released on the first Friday of every month at 8:30 AM New York time.
Based on the fluctuations in jobs created or lost each month, consumer spending rates inevitably vary. If job numbers increase, the market will react by anticipating a subsequent rise in American consumer spending. This leads to an increase in the Gross Domestic Product (GDP), allowing traders to gauge the country’s economic health.
Given the pivotal role of the US economy in global economies, NFP fluctuations significantly influence financial markets, enabling traders worldwide to speculate on price changes.
NFP Machine Tickmill Campaign
The highly-regulated broker Tickmill, known for consistently introducing engaging and rewarding initiatives and contests, has recently launched an intriguing new promotional campaign: the “NFP Machine” Contest.
In essence, traders participating in the contest will need to guess the price of a selected instrument by the broker. The winner will be rewarded with a prize of $500.
- Prior to the NFP report release, the broker will select the instrument.
- On the NFP report release day, traders must forecast the price by 3:00 PM.
- If a participant accurately guesses the price, they will receive a prize of $500.
- If no one guesses the exact price, the trader with the closest prediction will receive a prize of $200.
- The received prize can be withdrawn if trading requirements are met.
The entire operation will take place on the Woobox platform. Traders need to input their name, forecast, and account number. The timeframe for making predictions starts from Monday at 12:00 AM and ends on Friday at 3:00 PM during the NFP week.
Promotion | “NFP Machine” Contest |
---|---|
Minimum Required Deposit | Depends on the type of opened account |
Withdrawal of Extra Funds | Available if trading requirements are met |
Profit Withdrawal | Available at any time |
Compatible Accounts | All Tickmill accounts |
Maximum Initiative Amount | $500 |
Trading Restrictions | None |
Duration | Monthly |
Compatibility with Other Promotions | None |
Participate in the Tickmill “NFP Machine” Contest
How to Participate
Participating in the initiative is straightforward: interested traders must have a verified Tickmill account and submit their price prediction on the MT4 platform. If the prediction is correct, they win the coveted prize.
Traders interested in the contest can open a new account and participate by following these simple steps:
- Open a Tickmill Account.
- To open a new account, the trader needs to visit the official Tickmill website and click on “Create an Account” at the top right corner of the homepage. Then, they provide essential registration information such as name, surname, address, country, phone number, and valid email.
- Verification Process.
- To successfully activate the account, the client must undergo a verification process to prove their real identity and country of residence. This involves submitting photos of identification documents and documents confirming their residential address, such as a recent utility bill.
- Deposit Funds.
- Once the account is successfully verified, the client should make an initial deposit and start investing. When the broker selects the instrument, the client can submit their price prediction to potentially win the prize.
Participate in the Tickmill “NFP Machine” Contest
Rules
The initiative comes with rules that every participant must carefully read and accept. Here’s a summary of the key information to know for joining the contest:
- The contest will take place on the Woobox platform, with the broker announcing the start on their official Facebook page during the first week of each month.
- The promotional campaign is available exclusively for Tickmill Ltd real account holders (regulated by FSA SC).
- Each participant needs to predict the price of the selected instrument by 3:30 PM MT4 server time, precisely 30 minutes after the NFP release at 4:00 PM MT4 server time.
- The entire operation will be considered valid if the trader submits their price forecast, email address used for account registration, name, and surname to the Woobox platform by 3:00 PM MT4 server time.
- All traders accurately guessing the selected instrument’s price will receive an automatic prize of $500 credited to their account.
- If no participants guess the exact price, the trader with the closest prediction will receive a prize of $200.
- If there are multiple traders with the same prediction, the $200 prize will be equally divided among them.
- If a trader submits multiple predictions, the broker will only consider the latest one.
- Regardless of the number of accounts a trader uses to participate, each customer has the right to win a single cash prize for each individual campaign.
- The fortunate winner will be announced by the broker on the first Friday of every month by 5:30 PM MT4 server time.
- Every trader agrees that, in case of winning, the broker may publish their name on the campaign’s dedicated page.
- Each winner will be contacted by the broker via the email used for their account registration.
- The prize will be automatically credited to the participant’s account as withdrawable bonus funds.
- Transferring bonus funds between accounts is not allowed.
- To withdraw the prize, the customer must fulfill trading conditions: trade a minimum of 1 standard lot for every $5 of the prize.
- If a trader wins the prize multiple times, they need to fulfill trading requirements for each individual received extra fund to proceed with withdrawals.
For more detailed information on the rules, visit the official website and navigate to the dedicated promotion page.
Participate in the Tickmill “NFP Machine” Contest
Tickmill Accounts
The contest is open to all. Any trader holding a verified real Tickmill account can participate in the initiative. There are no restrictions on the type of account to use. Traders can use the account that best suits their needs without any limitations. If a trader lacks a real account with the broker and wishes to participate, they can learn about all available account features in detail by consulting the following comparison table:
Account Features | Pro Account | Classic Account | VIP Account |
---|---|---|---|
Minimum Deposit | $100 | $100 | N/A |
Minimum Balance | None | None | $50,000 |
Available Base Currencies | USD, EUR, GBP, ZAR | USD, EUR, GBP, ZAR | USD, EUR, GBP, ZAR |
Spread | Variable starting from 0.0 pips | Variable starting from 1.6 pips | Variable starting from 0.0 pips |
Maximum Leverage | 1:500 | 1:500 | 1:500 |
Minimum Lot Size | 0.01 lots | 0.01 lots | 0.01 lots |
Commissions | $2 per side per 100,000 traded | No commissions | $1 per side per 100,000 traded |
Allowed Strategies | All | All | All |
Islamic Account | Yes | Yes | Yes |
Margin Call | 100% | 100% | 100% |
Stop Out | 30% | 30% | 30% |
Execution | Market | Market | Market |
For any additional information, visit the official website and reach out to the 24/7 support team.
Please check Tickmill official website or contact the customer support with regard to the latest information and more accurate details.
Tickmill official website is here.
Please click "Introduction of Tickmill", if you want to know the details and the company information of Tickmill.
(Forex Broker)
Comment by Hans
April 24, 2024
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