Major Australian Forex broker AxiTrader and its AxiSelect program today announce the launch of a partnership with algorithmic proprietary trading firm HC Technologies, which encourages the development of early career traders.
The announcement is released ahead the February 1st launch of Million Dollar Trader, a live trading competition that will see traders compete for high value prizes including a trading account with a proprietary allocation of US$1,000,000.
AxiTrader, through the AxiSelect program, provides a structured pathway for successful traders to turn their hobby into a profession thanks to offering them ongoing funding and mentoring. This program has a natural synergy with HC Technologies which specializes in investing proprietary capital in traders by providing seed funding for trading global futures (Forex, fixed income, equity index and commodity markets), and cash markets (Forex and fixed income).
The collaboration will see expanded opportunities for the best performers in the Million Dollar Trader competition. As well as four winners of the competition being awarded over $1.45 million across four trading accounts from AxiTrader, participants will get a unique opportunity to showcase their skills to HC Technologies executives and pitch for a role as a professional trader.
Whilst HC Technologies can give no guarantees that participants or competition winners will be handed a job opportunity at HC Technologies, for talented traders, this is a valuable and rare opportunity to exhibit their trading skills.
Says Alex Mackinnon, General Manager at AxiTrader,
“To have two respected global firms join together in this way, to support aspiring traders and potentially provide institutional level resources and expertise, is a unique and substantial opportunity.
“With the huge interest in online trading these days, we’re seeing a lot of talent out there in the retail space so we’re really pleased to be able to be a part of helping some of those traders reach the next level. We also greatly appreciate HC Technologies wanting to be involved, offering up a great opportunity and for sharing our positive attitude towards the growth and development of our industry.
“I’m looking forward to seeing how the traders fare over the course of the competition and where their trading journey takes them.”
You can view the official announcement about the partnership by clicking here.