Winner of ACY's 2022 Trading Cup Announced

ACY Securities, a leading supplier of multi-asset online trading, has revealed the winner of its massively popular Trading Cup Trading Contest. Over the course of one year, the best five traders in the real-money trading competition will share a $1,000,000 prize pool. The contest lasted from July 2021 to June 2022, and the winner was revealed at the recent ACY Securities Gala Event, which coincided with the inauguration of ACY's newest office in Melbourne, Australia.

With returns ranging from 43.19 percent to as high as 101.59 percent, the top five winners utterly outperformed the remaining 1200+ traders. Money Manager Ranking (MMR) algorithm with sophisticated machine learning and artificial intelligence, as well as a set of parameters including profitability, risk management, long-term stability, risk-adjusted returns, and drawdown levels, were utilized to determine the winner.

Riadh Debbabi was given the overall first-place trophy. His ending balance was AU$325,239.91 after a gain of an amazing 80.65 percent and a drawdown of -4.01 percent. Debbabi accomplished this victory by trading the EURUSD currency pair with an automated trading strategy with an Expert Advisor (EA).

Riadh Debbabi stated, "In my perspective, keeping to the technique and separating all emotions from trading, which I believe to be one of the greatest obstacles traders encounter, is only a small portion of the equation. Managing risk is unquestionably the largest and most crucial aspect for me."

Henrick Rajamountry, head of marketing at ACY Securities, remarked, "What an incredible performance by Riadh to win our Trading Cup Trading Contest. We designed the Contest to provide traders and fund managers the opportunity to demonstrate their trading talents and methods, as well as to establish a community of traders who can view and learn from the detailed data of other traders.

We are always developing and enhancing the Contest to introduce new elements that increase its value for all participants. Our most recent version is the Pip Hunter Trading competition, which runs from July 1, 2022 to December 31, 2022."

Ashley Jessen, Chief Operating Officer of ACY Securities, remarked, "Each year, the Trading Cup changes in order to identify the top traders. This year, 70% of the top 10 leaders used algorithmic techniques (trading robots) to trade their strategies, with the winner placing almost 82,000 trades and generating $425 million on the Eurodollar currency pair. With contestants from 75 nations, the Trading Cup remains the most prestigious trading competition in the world.

Whether you're a trader looking to demonstrate your talents or a fund manager want to display your profits and attract new investors, why not enter one of the world's most unusual trading contests and see how you stack up against your peers? Participate in the Pip Hunter Trading Competition at www.tradingcup.com.

Australian people are prohibited by law from receiving awards (ASIC). A Certificate of Trading Excellence will be awarded to any Australian-based trader who finishes in the top five. Please refer to our terms and conditions for additional information.

Regarding ACY securities

ACY Securities is one of Australia's multi-asset online trading providers with the quickest growth, delivering ultra-low-cost trading, rock-solid execution, technologically superior account management, and premium market research. Transparency, customer-centricity, and technology are our guiding principles. With a history of assisting clients since 2011, we are well-equipped to manage your business demands.

Regarding Trading Cup

An international trade event that was launched to the world in 2018 is genuinely unique and in a class of its own. Trading Cup is intended to give a worldwide stage for traders to demonstrate their trading skills and compete in a competitive setting.

The Trading Cup is the premier platform for traders to demonstrate their abilities in a competitive and social setting. From the Studio City e-Sports venue in Macau, the 2020 Grand Final was aired live throughout the globe.