Amana Capital Announces Results of DeltaTrader Program

With the European Securities and Markets Authority’s (ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term) product intervention measures now in full force, brokers are having to get creative with their marketing strategies. One broker leading the pack is Amana Capital.

On Wednesday, the contracts-for-difference (CFD) broker announced the winners to its DeltaTrader program. Launched in June, the program gives the broker’s best-performing clients a chance to trade with up to $1 million.

According to a statement released by Amana Capital, in the first three months of the program, four traders met the broker’s pre-set evaluation metrics. As a result, they will each receive a $100,000 trading account.

Sadly for them, they won’t be taking home all of the cash from any profitable trades they do make. Instead, they will receive 20 percent of any money they make through their trades.

“By empowering the best traders, we are delivering to our customers not only a unique experience, but also an opportunity to develop their trading skills professionally,” said Amana Capital CEO, Ahmad Khatib. “We are looking towards the next round of the DeltaTrader competition and thank our trading community for their participation in the first round of the program.”

As you can tell from Khatib’s statement, this is not the end of the promotion but only its first round. The next round has yet to be announced but will, according to Amana Capital, start soon.

Amana Capital - A Clever Marketing Strategy

All of this makes for a smart marketing strategy on the part of Amana Capital. ESMA’s regulations restrict the get-rich-quick incentives that many brokers have used in the past to attract clients and force them to emphasize the risk attached to trading CFDs.

Amana Capital’s DeltaTrader scheme side-steps these restrictions rather neatly. Firstly, it promotes safer, lower-risk trading - the regulator can’t criticize them for doing that.

Secondly, it’s a big motivator for traders to sign up with the broker. With a competitive element and big reward, it can tap into the same emotions that a get-rich-quick marketing strategy might but still promote Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term.

Given that ESMA has restricted adrenaline-pumping adverts, marketing schemes such as the DeltaTrader program are more and more likely to pop up. For now, we’ll just have to wait and see what brokers come up with.