2024 World Championship of Trading: Rules and Entry Agreement (2024)

The Robbins Cup, known formally as the World Cup Trading Championships®, is a pinnacle of achievement in the trading world, where traders across the globe vie for supremacy in four distinct categories: Futures, Forex, Stocks, and Cryptocurrency trading. Each category demands a unique blend of skill, strategy, and tenacity, making the competition a comprehensive showcase of trading excellence.

The Robbins Cup, formally recognized as the World Cup Trading Championships®, orchestrates a formidable arena for traders worldwide, spanning across multiple market disciplines including Futures, Forex, Stocks, and Cryptocurrency.

This competition, revered for its rigorous standards and prestigious accolades, lays down explicit conditions for participation, emphasizing a blend of strategic acumen and regulatory compliance.

What is the Robbins Cup World Championship Trading Entry Agreement?

The most renowned and important trading competition globally is often considered to be the World Cup Trading Championships®. The Official Entry Agreements for both the Futures and Forex divisions of the 2024 World Cup Championship of Trading provide a structured framework for participants aiming to compete in these prestigious competitions. These agreements set forth the conditions under which traders may enter the competition, emphasizing the importance of compliance with the specified terms to ensure a fair and competitive environment for all participants. Below is a summary highlighting key aspects of these agreements

The 2024 World Championship of Trading Entry Agreement outlines the conditions for participation traders in a prestigious futures or Forex trading competition (Robbins Cup). Entrants must deposit a minimum of $10,000 per entry into an approved trading account, with the option to add funds as needed.

The competition runs from January 1 to December 31, 2024. Trading performance is calculated based on net returns, with top traders awarded trophies. The agreement also covers trading regulations, margin calls, and the right to use participants’ information for promotional purposes. Discover the 🌍📈 The Robbins Cup World Trading Championship ranks as the pinnacle of global trading competitions, showcasing the best of the best! 🏆💹 #TradingChampions #RobbinsCup

Key insights about the World Cup Trading Championships Rules:

• It is sponsored by World Cup Advisor and traders must open a futures trading account with an authorized broker.
• The competition period is January 1 – December 31, 2024.
• Traders must deposit a minimum of $10,000 (Futures) or $5,000 (Forex USA, UK, Other) per entry to participate. They can open multiple accounts and the best performing account will be used for rankings.
• Trading is limited to listed futures contracts and options on approved exchanges. Short naked options are prohibited.
• The top 3 profitable finishers receive trophies. The 1st place finisher receives a personalized Bull & Bear trophy.
• Traders agree to abide by certain trading regulations outlined in the agreement such as margin requirements, order placement, and liquidating positions before expiration/first notice day.
• Accounts are subject to auto-liquidation if the equity falls below $2,500.
• The winners are determined based on highest percentage return on investment. Only profitable finishers qualify for trophies.

Robbins Cup Futures and Forex Trading Entry Agreement

Entry Commitment: Participants are mandated to initiate their venture with a minimum deposit of $10,000 US 📈 per entry into a futures trading account approved by the Authorized Broker. It’s crucial that trading activities remain on hold until the account is sufficiently funded.

Financial Maneuvers: The infusion of additional capital 💰 is permissible at any juncture, catering to margin calls or bolstering the trading account. Intriguingly, while funds can be retracted at will, the ledger’s balance for performance metrics remains unaltered. This nuance ensures a consistent basis for evaluating trading prowess, regardless of the financial inflows and outflows.

Strategic Flexibility: For traders aspiring to showcase the efficacy of distinct strategies, the option to operate multiple accounts 🔄 is available. This provision enables a nuanced demonstration of trading philosophies, with only the highest-performing account being spotlighted for ranking purposes.

Championship Timeline: The commencement of trading activities is set for January 1, 2024, extending a canvas for competitors to exhibit their market mastery until the curtain falls on December 31, 2024 📅. The competition’s structure allows open positions to persist beyond the closing bell, safeguarding the integrity of trading strategies up to the very end.

Jurisdictional Framework: The legal scaffolding of the Championship is firmly rooted in the jurisdiction of Illinois, USA 🏛️. All participants, by virtue of entering the competition, align with the adjudicatory authority of Illinois state courts, specifically in Cook County, or the Federal District Court for the Northern District of Illinois. This legal alignment underscores the competition’s commitment to a transparent and equitable contest. What are the golden rules for trader?

Robbins Cup Trading Rules

The 2024 World Championship of Futures Trading Entry Agreement outlines participation rules for a trading competition. Key points include a minimum $10,000 deposit per entry, trading start and end dates (January 1 to December 31, 2024), award details for top finishers, and compliance with trading regulations.

Entrants can open multiple accounts for strategy tracking, with only the best performing account considered for ranking.

The trading agreement emphasizes fairness, legal compliance, and the potential for promotional use of participants’ information. It operates under Illinois jurisdiction, highlighting the importance of understanding and adhering to the agreement’s terms for successful competition entry and participation.

Key aspects that make the World Cup Trading Championships® stand out include:

• Real Money Trades: Participants use their own accounts to trade real money, distinguishing it from simulated trading competitions.
• Global Recognition: Winners gain international acclaim, enhancing their reputation in the trading community. Success in the competition can lead to opportunities in professional trading, asset management, and financial advisory services.
• Diverse Categories: The competition includes multiple categories, allowing traders to showcase their skills in different markets.
• Transparency and Integrity: The performance of each participant is tracked and displayed publicly, ensuring a fair and transparent competition environment.
• Long-standing Tradition: As one of the longest-running trading competitions, it has a rich history of identifying and celebrating top trading talent.

FAQs Robbins Trading Cup

What type of competition is Robbins Cup?

The Robbins Cup refers to the World Cup Trading Championships, a prestigious global competition that has been the gold standard of trading excellence since 1983. It allows traders to compete in futures and forex divisions, utilizing their own strategies, whether through day-trading or holding positions for weeks or months, with discretionary methods or computerized programs.

The goal is to post the highest possible net return by the end of the competition.

Competitors aim for magnificent Bull & Bear trophies, notoriety through press releases and interviews, and the opportunity to join the WorldCupAdvisor.com advisory team. This competition is recognized for its flexibility in trading strategies, real-time and real-money competition, and offers significant career opportunities for top finishers.

How can one qualify to participate in the World Cup Trading Championships?

The World Cup Trading Championships (WCTC) is an annual trading competition organized by the International Federation of Technical Analysts (IFTA). It is a prestigious event that brings together traders from all over the world to compete for the title of World Cup Trading Champion. To qualify for the WCTC, traders must first register for the competition and meet certain eligibility criteria. These criteria include having a minimum trading account balance, a minimum number of trades, and a minimum trading profit. Traders who meet these criteria are then invited to participate in the competition.

The WCTC is a two-stage competition. In the first stage, traders compete in a series of online trading rounds. The top traders from each round advance to the second stage, which is held in a live trading environment. The trader who achieves the highest trading profit in the live trading environment is crowned the World Cup Trading Champion.

The WCTC is a challenging but rewarding competition. It provides traders with an opportunity to showcase their skills and compete against the best traders in the world. It is also a great way to learn about new trading strategies and techniques.

Are there any restrictions on the trading instruments that can be used in the championships?

There are no restrictions on the trading instruments that can be used in the World Cup Trading Championships. Participants can trade any financial instrument that is available on the trading platform provided by the competition organizer. This includes forex, stocks, commodities, and indices.

However, some instruments may be more suitable for trading in the championships than others. For example, instruments with high volatility may be more difficult to trade successfully, especially for less experienced traders. Additionally, some instruments may have higher spreads or commissions, which can eat into profits.

Traders should carefully consider the risks and rewards of trading each instrument before deciding which ones to trade in the championships. They should also make sure that they have a good understanding of the trading platform and the rules of the competition before they start trading.

How is the performance of participants evaluated in the World Cup Trading Championships?

In the World Cup Trading Championships (WCTC), participants’ performance is evaluated based on their ability to make profitable trades within a simulated trading environment. The evaluation criteria consider various factors that reflect their trading skills and strategies. Here’s a comprehensive explanation:

1. Profit and Loss (P/L): The primary measure of performance in the WCTC is the participant’s net profit or loss (P/L) generated through their trades. The P/L calculation considers the difference between the buying and selling prices of assets, taking into account any transaction costs or fees. A higher P/L indicates better trading performance.

2. Sharpe Ratio: The Sharpe ratio assesses the risk-adjusted returns of a participant’s trading strategy. It measures the excess return (return above the risk-free rate) per unit of risk taken. A higher Sharpe ratio indicates that the participant is generating higher returns relative to the level of risk involved.

3. Maximum DrawdownDrawdown in trading refers to the reduction in the value of an investment or trading account from its peak to... More: Maximum drawdown measures the largest peak-to-trough decline in a participant’s trading account balance during a specified period. It reflects the maximum potential loss experienced during the competition. A lower maximum drawdown indicates better risk management and consistency in trading performance.

4. Win Rate: The win rate calculates the percentage of successful trades (trades that result in a profit) out of the total number of trades executed by a participant. A higher win rate suggests a participant’s ability to make profitable trading decisions more frequently.

5. Average Trade Profit: Average trade profit measures the average amount of profit generated per successful trade. It provides insights into the participant’s ability to maximize gains on winning trades. A higher average trade profit indicates better trade execution and profit-taking strategies.

6. Consistency: Consistency in trading performance is crucial in the WCTC. Participants are evaluated based on their ability to generate consistent returns over time, rather than relying on a few large profitable trades. Consistency is often measured through statistical indicators like the standard deviationStandard deviation in trading is a statistical measure that quantifies the degree of variation or dispersion of a financial asset's... More of returns or the Calmar ratio.

7. Risk Management: Effective risk management is essential in trading. Participants are assessed on their ability to manage risk exposure, including the use of stop-loss orders, position sizing, and diversification strategies. Prudent risk management helps preserve capital and mitigate potential losses.

Overall, the evaluation criteria in the World Cup Trading Championships consider a combination of profitability, risk management, and consistency to determine the performance of participants. The goal is to identify traders who can generate sustainable profits while managing risk effectively.