Robbins World Cup Trading Championship Expands to Japan
It’s a little known fact that in 1997, Michelle Williams, today an Academy Award winning actress, but then just an ingénue, won the World Cup Trading Championship® making 1000% on her initial $10,000 investment.
Since then, the World Cup Trading Championship (WCC) has had many successful finalists. One of the most notable is Williams’ father, Larry, long-time futures trader and educator, who in 1987 turned his original $10,000 account into $1.1 million. He used his own system, the same one his daughter used years later to win the championship.
Launched in 1983 by Robbins Financial Group Ltd., the WCC has two divisions, one for futures traders and one for forex traders, and is open to any trader – or actress. It uses real money, and entrants must open minimum accounts of $10,000 for futures or $5,000 for forex, and make a minimum of 10 round turn trades over the trading period. Winners receive a Bull & Bear trophy, prizes from educational, advisory and software companies, and global publicity. The top finishers may join the World Cup Advisor® board, and are able to showcase their system through a subscription service, which is accessible to the public.
Although the competition attracts global traders – for example, today’s leader board boasts traders from Italy, Turkey, Brazil, Hungary and more – Robbins recently licensed the event to Tokyo-based RFS Management Inc., which will launch the WCC on Oct. 2 in Japan. The competition will follow the same format and rules and also will allow entrants to use a variety of Japanese forex brokers. RFS also has plans to launch a WCC in approved cryptocurrencies next quarter.
Joel Robbins, president of Robbins Financial Group Ltd. launched the competition 34 years ago “mainly as a talent-discovery mechanism,” he says. “It’s a good way for promising traders to make a name for themselves and ultimately become commodity trading advisors, or become advisors on WorldCupAdvisor.com. The main motivation of a lot of entrants is to make a name for themselves and develop their career.”
WorldCupAdvisor.com is a site in which top finishers of the WCC are invited to trade their methods while giving monthly subscribers the ability to make the same trades through Robbins’ Leader-Follower™ subscription service technology available through authorized brokers.
“For example, if someone signs up to follow Stefano Serafini’s account [currently leader as of Sept. 22, 2017], they are going to experience the exact same prices on every trade as Stefano does in his account. WorldCupAdvisor.com always posts performance net of all fees,” Joel explains. The leader board and previous winners can be found at worldcupchampionships.com. The results for the Japanese competition also will be found at worldcupchampionships.com as well as on RFS Management’s financial information site, MTRE.
Although the competition is yearlong, traders can enter at any time. If a trader opens a second account, it is averaged into their end results. There also are shorter specialized competitions, such as quarterly contests trading only S&P 500 e-mini futures. About 100 traders currently are trading in both divisions of the WCC, from around 25 countries, says Chad Robbins, director of Business Development at World Cup Advisor. “It’s become more global, maybe not in terms of overall participants, but in terms of winners,” he says.
Trading Futures, Forex and Stocks involves substantial risk of loss and is not suitable for everyone. Past Performance is Not Necessarily Indicative of Future Performance