Admiral Markets has launched the 2013 Forexball after the success of the initial 2012 Forex ball. However this time the prize pool has been raised from $70,000 to a massive $541,000, each participant in the competition will be given a $10,000 demo account to trade with at no risk at all. Each round begins on Monday at 10am and finishing at 2pm GMT Friday, there are prizes to be had for each round and for the total season winners.  

This year Admiral Markets have introduced a number of social features including a Forexball community where traders can view each others profiles, checking traders history and connect with them. As well as a dedicated forum for the competition where traders can discuss strategies and share information with one another. 

While the social features are pretty cool what people are going to be more interested in is the no risk cash prizes on offer. The 2013 Forexball offers a total prize fund in excess of half a million dollars with the competition being divided into five divisions:  Europe, Russia and CIS Latin America, Asia, and Rest of the World. Three cash prizes will be given to the best traders in each division, there is a further $96,000 to be distributed among the traders with the best seasonal results regardless of division, with the most profitable traders of each season receiving $5,000, $2,000 and $1,000 respectively. The prizes on offer at the Admiral Markets 2013 Forexball are great with there being plenty of opportunity for traders to earn good prize money. 

Registration is totally free and all trading is carried out on the Admiral Markets demo platform. Not only does the Forexball give the opportunity for traders to earn impressive cash prizes it also gives traders the chance to try out the Admiral Markets platform. The main reason why these brokerages such competitions with the goal of getting positive press and attract new customers.  

Registration can be completed at Forexball and is completely free. I will be competing will you be? A more detailed run down of the competition and its features can be found at the Admiral Markets website.