Benzinga World Championship Of Trading Powered By TradeZero: 'Kick Off September In A Meaningful Way' With Over $30,000 In Cash And Prizes On The Line

The first day of trading in Benzinga's paper trading contest powered by TradeZero is less than one week away. Contestants have the chance to win over $30,000 in cash and prizes during the competition.

Here's how you can take home your share of cash and prizes and get a tour of the world-famous New York Stock Exchange.

The Contests: Powered by TradeZero, the World Championship of Trading is the ultimate trading competition for investors to prove their keen eye during a three-month time period.

Each investor will have around one month across three separate contests to generate the highest profits from a starting balance of $100,000 in a simulated trading account.

TradeZero CEO Daniel Pipitone said the company is excited to partner with Benzinga and show traders the cool features that TradeZero has available.

"The thing that I'm most excited about is getting folks exposure to the platforms that I'm really proud of," Pipitone told Benzinga.

In the direct trading space, few firms have their own technology, Pipitone said.

"I'm really excited to get people exposure."

Contestants in the World Championship of Trading will have access to Benzinga's Live Squawk, which Pipitone said is a nice value add.

Investors will also gain exposure to TradeZero's newly patented short selling tools.

"Our patented locate functionality and locator platforms gives our traders the ability to what we call mark for credit."

This technology can give investors an edge and is a key differentiator for TradeZero, Pipitone said, adding he is "very proud of the product and the platform."

TradeZero won the Benzinga Global Fintech Award for Best Brokerage for Short Selling for four years straight from 2020 to 2023.

The TradeZero founder said he's really pumped up for the trading contest with Benzinga.

"Really excited to kick off September in a meaningful way."

Speaking of the contest prize of touring the New York Stock Exchange, Pipitone said the stock exchange never fails to impress.

"I get chills every time I go to the NY and go to the floor."

Contest Rules: The contest is open to residents of the United States and Canada who are 21 years of age or older.

Traders will be able to buy simulated equities and options from U.S. markets during the contest periods starting with a balance of $100,000. No fractional shares will be allowed and no single trade can be above $10,000 when placed. Traders have to hold a minimum of one stock or option throughout the duration of the contest. A minimum of five days of one trade or more have to be completed throughout each contest.

Interested investors have been able to sign up to join the contest since Friday, July 26. Signing up for the first contest will automatically register an entry in the second and third contests. Traders can sign up for the contests after the start dates as long as it is before a cutoff deadline.

The dates for the contests are listed below:

• Contest 1: Sept. 15 through Oct. 14
• Contest 2: Oct. 15 through Nov. 14
• Contest 3: Nov. 15 through Dec. 14

The last days to register for the contests are Oct. 7, Nov. 7 and Dec. 8 at 9 a.m. ET for the three respective contests.

Read Also: TradeZero CEO Daniel Pipitone: Giving Retail Traders An Institutional-Level Toolbox

Contest Prizes: Participants have the chance to win as much as $30,000 in cash and prizes during the contests. Travel and expenses will not be paid for the NYSE tour prizes.

Here are the contest prizes for the World Championship of Trading.

Contest 1:

• First Place: $5,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.
• Second Place: $1,000 cash, one year of Benzinga Pro Essential.
• Third Place: $500 cash, one year of Benzinga Pro Essential.

Contest 2:

• First Place: $10,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.
• Second Place: $2,000 cash, one year of Benzinga Pro Essential.
• Third Place: $1,000 cash, one year of Benzinga Pro Essential.

Contest 3:

• First Place: $15,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.

Find out more at the World Championship of Trading site.