Quantic Traders Challenge

BarroMetrics Views: Quantic Traders Challenge

This came across my desk the other day:  http://www.directfx.com/en/quantic-traders-challenge/

I am always on the lookout for info that will assist my students who are looking to become fund managers. So, I registered for the webinar. If you are interested in having a squiz, I have uploaded it to:  https://dl.dropboxusercontent.com/u/10422981/quantic%20challenge.wmv

I didn’t learn too much from the webinar relating to the ‘challenge’.  For example, it didn’t tell me the preferred timeframe – though reading between the lines, the brokers seem to prefer a short term method; it didn’t tell me if the winner had to trade at the insto’s desk. I sent a post that said: “I notice you are in Sydney. If I win the competition, do I have to relocate to Sydney? I assume not; but am seeking confirmation”.

The reply was less than equivocal. It said, : “You will notice that is not listed in the rules, which you can find at the link below.

http://www.directfx.com/en/quantic-traders-challenge-rules/

Please review these or contact us if you have any questions or if there is anything we may be able to help you with”.

I had a squiz at the rules. Basically it allows the organisers to do whatever they want. So, the reply to my question would be: “It’s not mentioned in the rules, but after you have won it, we could require you to trade from Sydney” (!!!???)

I could not find too much on Direct FX except for comments on Forex Peace Army: http://www.forexpeacearmy.com/public/review/www.DirectFX.com. Not exactly favourable, but there are too few reviews (10) to form a firm conclusion. The attempted favaourable spam review is a worry.

Still, if the offer is genuine, and you have a hankering to try your hand at fund management, this would be one way to get in the door. For clarity’s sake: This is not to be taken as a recommendation. I know too little about the brokers involved. It’s strictly a case of buyer beware.

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