Demo contest forex

Roboforex trade day forex weekly demo contest is an excellent chance for everyone to test their knowledge, acquire new skills, and earn the real prize, […] demo competition brings the opportunity for all forex traders to trade without any cash deposit.

No deposit forex bonuses

Forex Demo Contests, demo contest forex.

Generally, it is required to register an account for the contest where trading takes place with the virtual money. All participant has the same trading opportunity and environments such as equal balance, leverage, and terms. Contest duration varies as there are different lengths of competition comes from different forex broker. For example – there are weekly, monthly, daily, hourly and even random time frame of the contest out there.

Forex demo contests

Mostly forex demo contest is popular among newbie forex trader. It does not require any deposit or invest into account in order to join the forex demo competition. Demo contest is held among demo accounts where all contestant gets the same facilities like initial balance, margin level, margin requirement, leverage etc. At the end of the fore demo contest account with the highest balance declared as the winner. Cash or tradable money or gifts are distributed as the prize. Find the list of all available forex demo contests 2021

Forex demo contest 2021

Demo competition brings the opportunity for all forex traders to trade without any cash deposit. Generally, it is required to register an account for the contest where trading takes place with the virtual money. All participant has the same trading opportunity and environments such as equal balance, leverage, and terms. Contest duration varies as there are different lengths of competition comes from different forex broker. For example – there are weekly, monthly, daily, hourly and even random time frame of the contest out there.

Forex demo competition

Joining a trial or demo contest provide the opportunity to gain reward and at the same time it is a great way to test the trading skill and trading technique. In this process, a trader can build his trading confident throughout the process.

Demo monthly contest, $6K fund, 20 winners – roboforex

Roboforex demo forex contest january 2021 – the total of 6000 USD prize fund with 20 winners. Participate in the monthly contest held according to […]

Sniper weekly demo contest – instaforex

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Demo contest, $100K fund, 2021 winners – weltrade

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Fortnightly demo contest, cash prizes (feb, 01) – FBS

Virtual to real forex demo contest – hotforex

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Fbspro forex demo contest – FBS

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Christmas sprint live contest – grandcapital

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Weekly demo contest, fund $5k – LAND-FX

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Trade day forex 1-day demo contest – roboforex

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Demo FX-trading contest – invest-AZ

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Kingsize MT5 demo contest – roboforex

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Kamikaze demo contest V7 – MFM securities

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Forexcup trading contest – fxopen

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Ctrader’s weekly demo contest – octafx

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Forex demo contest: BEST OF THE BEST

BEST OF THE BEST forex demo contest

Trade profitably on a contest forex account by use of currency pairs and any other available trading tools at liteforex. Trade actively and show the best profitability result among all forex demo contest participants.

Five participants whose trading will be the most profitable and risk factor - the least, with money management observed, will be announced as winners of the forex demo contest.

Current contest | 0:00, 1 january 2021

Terms and conditions

1. Registration, participation terms, contest period of the forex demo contest

1.1 the «BEST OF THE BEST» forex demo contest takes place every month, from the first of each month at 00:00:01 till the last of the month at 23:59:59, according to the server time GMT +2 (as indicated on the trading platform).

1.2 all participants commit themselves to provide true information when registering for the contest.

1.3 the clients from the USA, japan, israel, and EU countries may not participate in this demo contest.

1.4 when registering for the contest, a participant accepts all limitations and rules related to the contest. In the event of non-compliance with the contest rules, the organizer, acting through the liteforex company, may disqualify a participant in the course of the contest.

1.5 in case either attempts of entering the forex demo contest from several trading accounts/profiles or the fact of using anonymizers are found out, a participant will be disqualified.

1.6 in order to participate in the «BEST OF THE BEST» forex demo contest, a client needs to fully verify his/her personal profile and register for the contest on this page.

1.7 when registering on the site, a participant needs to fill in the fields of the registration form above and specify his/her email (login from the client profile) and a nickname to be displayed in the ranking of the demo contest «BEST OF THE BEST».

1.8 any liteforex’s profile holder may participate in the «BEST OF THE BEST» forex demo contest once a month. One individual may register for each current contest only once.

1.9 after the registration form is filled in, a contest demo-account with a unique login number and password will be opened for a participant. These details will be sent to the email-address indicated when registering for the contest.

1.10 the registration for a new contest stage is open as soon as the previous contest stage starts.

2. Terms of trading of the forex demo contest

2.1 type of account: DEMO ECN.

2.2 initial balance: 5000 (the same for all participants).

2.4 risk stop out: the maximum drawdown acceptable in a contest account equals 25% of a current balance. As soon as floating loss exceeds this value, risk stop out will occur and all open positions will be closed. A participant who has allowed risk stop out to happen in his/her account will be disqualified.

2.5 trading tools: any tool provided by liteforex

2.6 A participant may use trading experts and trading strategies without any restrictions provided that the terms of liteforex’s effective liteforex’s "client agreement" are respected.

2.7 all transactions must be closed before the contest finishes. Should there be any open transactions at the moment when the context finishes, they will be automatically closed at a current market price. The presence of open transactions at the moment when the contest ends does not entail disqualification.

2.8 other terms of trading on contest demo accounts correspond to the terms of trading on live ECN trading accounts in accordance with liteforex’s "client agreement".

2.9 liteforex reserves the right to refuse registration or/and disqualify a participant without providing a reason thereof. The reasons for disqualification can be the following

- violation or non-observance of the "client agreement";

- registration of several contest accounts by the same physical person or the presence of several client profiles belonging to the same physical person;

- opening of opposite trades of big volume at almost the same time and using the same pairs;

- use of quotes flow failures to make guaranteed profits;

- presence of contest transactions, including lock trades, whose duration is less than 2 minutes;

- ascertainment or suspicion that a participant has committed any kind of fraudulent action for being listed among the winners.

2.10 the participants that have not shown any trading activity for 10 days in a row during the contest period are excluded automatically.

3. Winners determination and prizes getting

3.1 the first 5 participants with the best profitability/risk ratio by the end of the contest will be considered as winners of the liteforex «BEST OF THE BEST» demo-contest. The final results will be formed within 3 working days after the end of the contest, as soon as they are checked by the security and risk-management departments.

3.1.1 the participants whose risk factor has exceeded 5 during the contest period shall be excluded from the contest, and their contest accounts shall no longer be displayed in the ranking.

3.2 only those participants who have been actively trading during the contest period and have increased their initial deposits without breaking the contest rules can be regarded as winners.

3.3 the participants who have gained prize-winning places from the first to the fifth according to the paragraph 3.1 receive money on their liteforex live ECN trading account; depending on the place, sums vary as follows:

Rank	prize sum, $
1	$4000
2	$2500
3	$1500
4	$1000
5	$1000

3.4 in case two contest participants have the same balance value following the results of the demo contest BEST OF THE BEST, the liteforex company, as the contest organizer, shall decide between them, giving preference to the participant with the least maximum drawdown shown over the contest period.

3.5 the winners on the TOP 5 final list shall:

- make sure that their client profiles are fully confirmed according to liteforex’s requirements;

- open an ECN trading account in the social trading system;

- send an email from the address specified when registering for the contest to contest-demo@liteforex.Com, indicating: the contest name - «BEST OF THE BEST» (demo); contest demo account number and trader’s password; trader’s ECN account number; email address specified when registering a profile.

3.6. The winner shall be aware that prize payment requests are accepted only within the first 2 weeks following the end of the contest the account has been participating in.

3.7 liteforex reserves the right to request any additional information regarding the participant’s identity when crediting a prize.

3.8 A participant awarded a prize may not demand that the prize amount be credited to third parties’ accounts.

3.9 prize funds are credited to a client’s real account, opened right after participation in the contest, within three working days after the request has been sent. (p. 3.5)

3.10 prize funds are credited to the credit column, belong to the company and are provided to a winner as an initial investment for participating in the social trading service as a trader. Profits made by a winner in his/her trading account by use of prize funds may be withdrawn without any restrictions. Also, percentages of his/her investors’ profits made from social trading may be withdrawn at any moment and without any restrictions too.

3.11 as organizer of the contest, liteforex has the right to refuse a prize without giving explanations if there is a suspicion of rules violation or if a winner has refused to verify his/her profile and provide additional information regarding his identity as per p. 3.7.

3.12 under the program for protection of investors’ interests, the company reserves the right to hide a winner’s real ECN account from the monitoring of the social trading platform and deduct prize funds if the winner’s trading by use of prize funds becomes high-risk. If a drawdown has exceeded 25% of a current value «balance+credit» when trading by use of prize credit funds, they will be withdrawn by the contest organizer.

3.13 trading by use of prize funds on his/her trader’s account on the social trading platform, a winner undertakes to follow a low-risk trading strategy and not to exceed a risk level of 5.

3.14 as organizer of the contest, liteforex has the right to amend the contest terms at any time without special notification.

3.15 liteforex reserves the right to use the information related to the winning accounts for advertising purposes and publish it in any sources of information. The winners are invited to participate in liteforex’s advertising and marketing actions such as interviews, photo- and video-reports, and press releases concerning the contest. At the same time liteforex commits itself not to divulge the winner’s private information (including name and surname) without the winner’s consent. Should a winner refuse to participate in these actions, liteforex reserves the right to disqualify the winner and award the prize to the participant occupying the next place in the final ranking.

Parameters of accounts taking part in BEST OF THE BEST contest

Profitability

Profitability is computed using the following formula:

P = (equity - balance_start) / balance_start * 100 (%), where:

Equity – current account’s equity;

Balance_start – initial account’s balance ($5000).

Maximal deposit utilization rate

Maximal deposit utilization rate is a maximal value of an account’s deposit utilization rate during the contest.

Deposit utilization rate is a percentage of an account’s equity used as a margin for opened orders.

It’s calculated using the formula :

Margin / equity * 100(%), where:

Margin – a deposit amount required to open a position;

Equity – a current account’s equity.

Maximal relative drawdown

Maximal relative drawdown shows a percentage of losses in an account.

It’s calculated using the formula :

Max ((maximalpeak - nextminimalpeak) / (maximalpeak + 100) * 100) (%), where:

Max — the highest relative drawdown value;

Maximalpeak — the upper extremum value corresponding to max in the profitability chart;

Nextminimalpeak — the lower extremum value following maximalpeak in the profitability chart.

Example of relative drawdown calculation for the chart above:

Let’s estimate the extremums of the profitability chart ("H" for the highest and “L" for the lowest)

Relative drawdown values are calculated as follows:

Percentdrawdown1 = (H1 - L1) / (H1 + 100) * 100 = (80 - 50) / (80 + 100) х 100 = 16,67%

Percentdrawdown2 = (H2 - L2) / (H2 + 100) * 100 = (90 - 35) / (90 + 100) х 100 = 28,95%

Percentdrawdown3 = (H3 - L3) / (H3 + 100) * 100 = (135 - 40) / (135 + 100) х 100 = 40,43%

Percentdrawdown4 = (H4 - L4) / (H4 + 100) * 100 = (195 - 65) / (195 + 100) х 100 = 44,07%

Leverage

Leverage is a ratio between the deposit and borrowed funds. Credit leverage 1:400 means that you need to have in your trading account an amount which is 400 times less than the one required to open an order.

Risk ratio depends on the trading history and is calculated automatically based on the following parameters (weight factor is indicated for each parameter):

1. Maximal relative drawdown (weight factor 0,5)

2. Maximal deposit utilization rate (weight factor 0,3)

3. Leverage (weight factor 0,1)

4. Account lifespan (weight factor 0,1)

Each of the parameters above has its own scale from 1 to 10 points and its own weight in the final risk estimation. The total risk ratio is measured in values rounded to the nearest whole number.

Thus, the total risk ratio is determined by summing up points for each parameter multiplied by its own weight factor.

Risk = points of maximal relative drawdown * 0,5 + points of maximal deposit utilization rate * 0,3 + points of leverage * 0,1 + points of account lifespan * 0,1

1. Maximal relative drawdown (weight factor 0,5)

Maximal relative drawdown (%)	points
50,00 +	10
40,00 - 49,99	9
35,00 - 39,99	8
30,00 - 34,99	7
25,00 - 29,99	6
20,00 - 24,99	5
15,00 - 19,99	4
10,00 - 14,99	3
5,00 - 9,99	2
0 - 4,99	1

2. Maximal deposit utilization rate (weight factor 0,3)

Maximal deposit utilization rate (%)	points
50,00 +	10
40,00 - 49,99	9
35,00 - 39,99	8
30,00 - 34,99	7
25,00 - 29,99	6
20,00 - 24,99	5
15,00 - 19,99	4
10,00 - 14,99	3
5,00 - 9,99	2
0 - 4,99	1

3. Leverage (weight factor 0,1)

Leverage	points
400 +	10
300 - 399	9
200 - 299	8
150 - 199	7
100 - 149	6
75 - 99	5
50 - 74	4
25 - 49	3
10 - 24	2
1 - 9	1

4. Account lifespan (weight factor 0,1)

Preset value is 10 points.

Let’s say an account had the following parameters and points (without considering weight factors):

Maximal relative drawdown: 22,5% = 5 points;

Maximal deposit utilization rate: 11,32% = 3 points;

Leverage: 1:400 = 10 points;

Account lifespan = 10 points;

So, the risk ratio with weight factors considered shall be calculated as follows:

Risk = 5 * 0,5 + 3 * 0,3 + 10 * 0,1 + 10 * 0,1 = 5,4 ≈ 5

Results

The contest was held from 2020.12.01 00:00 till 2020.12.31 23:59

Flexible forex demo contests for newbie traders in 2021

What is forex demo contest?

We know that the forex contest is a challenge like a tournament. But there are two types of contests available in the forex. These are 1.Forex live contest and 2. Forex demo contest. In a live forex contest clients has to invest real money. But in a demo contest, traders don’t need to invest from their own pockets. Brokers will provide a fixed amount of money to every participant for participating in the contest.

The forex demo contest is a great opportunity for a newbie trader to test his/her trading capability. This type of contest is the opposite type of live forex contest. And also there is a very good chance to win a real trading prize money or cash. The most important thing is, you can win a prize without having risk. Sometimes pro traders also taking apart into these contests while there will be big prize money. Some of the experienced traders are telling that, if a newbie trader can win a demo contest than, he/she can be a good forex trader in real trading.

Some basic rules of forex demo contest: each demo contest has different rules, but few rules are common in each contest. There are some basic rules for the forex demo contest. You may check here below.

The broker will specify the competition rules.

Participants start the competition with the same balance.

Most of the broker doesn’t allow multiple accounts from a single IP.

Multiple accounts are not allowed by the brokers in demo competitions.

Most of the broker make rules that, after joining the contest clients can’t withdraw themselves from the competition.

Most of the brokers are providing winning prize money as real trading money. Which is able to trade in real forex trading. But some brokers are providing prize money for withdrawing.

Forex demo contests 2021

FXTM is offering a new demo contest (titans) to all of its clients. The competition will be held in 4 rounds throughout the year with a pool prize of $80000 ($20000 each). Among the skilled traders, 5 competitors with the highest profit percentage will receive the prizes in descending order. The clients are required to register for myfxtm before or during the contest, agree to the terms and conditions of the contest, open a demo trading account and start trading to achieve one of the top positions. The contestants can only use cfds in forex and metals, and standard account MT4 (USD) for this contest. In the final calculation, only the positions whose duration is more than 5 minutes will be included. Every contender can participate only once.

The profits are calculated according to the following formula: [net profits Г· 100000] x 100 = XX.XX%.

The winners among those with similar percentage points will be determined based on the lowest drawdown. The traders compete against one another in a virtual market with a $100000 initial deposit, so no risk is involved. The winners are to open a live trading account, provide the necessary documents to receive the cash prizes, fully withdrawable.

Hotforex broker hosts a monthly demo contest called вђњvirtual to realвђќ for all its verified clients. The prize pool for the competition is $3500 which will be shared among the 3 top traders who acquire the highest gain. Each client can participate only once and will have access to 1:200 leverage and $10000 virtual money. The awarded prizes can only be used for trading purposes and cannot be withdrawn; however, any profit you make is yours to withdraw after meeting the required conditions (trade 10 standard lots in no less than 50 round turn). The prizes will be transferred to the tradersвђ™ live accounts.

The winners will be determined based on the following formula:
gain = [(ending balance - beginning balance) / beginning balance] x 100.

Liteforex is hosting a monthly demo contest named вђњbest of the bestвђќ with a total prize fund of $10000. All the traders can compete for a whole month among whom 5 of the most profitable traders with the lowest risk factor and the best management plan will be awarded in descending order. The contenders can use all the available trading tools including the currency pairs. The traders are required to provide valid info (email, nickname, etc.) for full registration as requested and use one single account for this contest (MT4 demo ECN), otherwise, their eligibility will be nullified.

The demo ECN accounts come with a $5000 initial deposit, leverage up to 1:400, and a max 25% drawdown on the account balance. Bear in mind that the occurrence of stop-out, opening opposite trades in large sizes, lack of trading activity for 10 days or other mentioned activities will disqualify the contender. Before the end of the competition, all the open positions must be sorted out. Moreover, 3 days after the contest, the winners will be announced, and the prizes will be transferred to their real trading account. In the event of similar winners, the prize will go to the trader with the lowest drawdown during the period. The awarded prizes along with the percentage of investorsвђ™ profits are fully withdrawable.

Forex demo contests

Forex demo contest 2021

Forex demo competition

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Lotzilla trading contest 2020 – rally trade

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Future trade $1000 non-deposit contest – grand capital

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Demo contest master scalper – accentforex

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Demo competition, cash prize $1K – acefxpro

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Demo contest, cash + iphone 11 pro – NPBFX

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Best of the best contest, $10,000 fund – liteforex

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Demo contest, $23K+ fund, 1386 winners – WFOREX

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Trading contests on demo accounts - forexcup

Take your first step in the forex market together with forexcup – join our trading competitions, develop your skills and become professional traders!

Forexcup invites you to join forex-contest on demo accounts. The website has launched about 6 years ago. During that time more than 25.000 traders appreciated great advantages of it.

Why forexcup is so special?

Make 3 simple steps in order to join forexcup:

Don’t miss your chance – start earning with forexcup right now!

Top-5 best traders

Fxopen announces the results of classics without borders contest

"classics without borders", a free trading contest for demo accounts, ended on december 24. For four weeks, more than 500 participants were actively competing for the prize fund of 1,500 USD. So, we have received the results of the contest and present the winners to you: place account.

Classics without borders – a free demo contest for novice traders

Fxopen and forexcup invite beginners to take part in the “classic without borders” demo contest. The contest will be held between 30 november and 24 december, 2020. New users and existing clients who have registered with fxopen no earlier than january 2020 can take part in the competition.

Winners of "forex school" demo contest announced

"forex school" - a free forex contest for demo accounts — ended on october 2. More than 900 participants were taking part in the competition. So, we present the winners to you, who will receive the prize money: place account.

'my personal advice for newbies is not to give up, get despaired or fear to make a mistake or lose. Learn from your mistakes! You’ll never win if keep thinking of yourselves as of a loser not even trying to prove the opposite. I’d also recommend staying calm and never be guided by your emotions. I do believe it will help you to make your way to a success.'

Vladislav dobrovolski, the winner of moldova forex championship.

Forexcup is the project of forex contests which are provided with prizes and bonuses from fxopen.
Please, be aware that trading on the forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them.

Forex deposit bonus and forex no deposit bonus

Forex demo contest?

Contest means challenge, and the forex demo contest is also a challenge between the newbie forex traders. Forex brokers arranges these types of competition fordemo clients. Traders fight for the contest prize in the contest. In the demo contest, all of the traders start trading from the same time and with same parameters through their demo accounts. The demo contest announces with a fix time, after finish the competition period the forex broker select and announce the winners. Winning parameters can be various for different brokers.

Why should you take part in a demo contest?

Forex demo contest or competition is a risk-free opportunity to test trading skills. It is a risk-free opportunity because traders don’t need to invest their own funds on the demo trading contest. New traders can get real money or live trading capital through winning the demo trading contest. When forex brokers announce an attractive prize, some of the real traders also try to join in the competition.

Perhaps, traders can achieve experience through the contest, which will help in live trading. Traders can understand risk management and other trading criteria by participating in the competition. A trader can realize his/her trading capability through the demo trading contests.

Hotforex contest: virtual to real demo contest

FBS league demo contest get $10,000

10 000 USD CASH WARS demo contest – wforex

1KG gold bar giveaway – NBHM

Multibbankfx fast & furious trading contest

Demo account contest and win $800 on roboforex

Celebrate 15th anniversary of freshforex (win $15000)

In fact free $30 welcome trading bonus on tickmill

Amazing offer 55% deposit bonus from instaforex

Gain $50 each refer a friend up to $10000 on FXTM

Remarkable offer 30% rescue trading bonus on hotforex

Free 100 cent welcome no deposit bonus on fres hcent

What are the common rules of demo contests?

While a broker announces a demo contest, they also create trading terms and rules for the competition. So, no one can say that approximately all of the contest rules. But there are some standard trading rules following most of the brokers. Let’s talk about the standard demo trading competition rules:

The maximum profit gainer will be the winner. Almost 90% of brokers set this winning rules.

Verification of the account.

A participant can’t participate with multiple accounts.

Per IP address can participate with only one account.

After signing up in the contest, a participant can’t withdraw money from the completion before ending the competitionperiod.

These are some common rules in the demo trading competition. But every broker doesn’t follow all of these rules.

Is the forex demo contest prize withdrawal?

There are a lot of brokers that offer forex demo trading contest, every broker has different rules for the competition. So we can’t say the prize money appropriately is withdrawal or non-withdrawal. Many brokers are providing cash prizes; some of the brokers are providing prizes on a live trading account. After winning the prize, traders can trade on real market and can achieve gain profits.

Some broker offer to withdraw the money prizes also!

Which brokers are offering a demo trading contest?

There are a lot of brokers arranging demo trading competition in this year. Most of the forex broker arranging contests within the first three months of the year and last four months of the year but it is not a fixed time to start a competition.

Some regulated brokers such as FBS, FXTM, ATFX, OCTAFX, and tickmill are arranging demo contests regularly. If you are seeking for more search on search engine for more reliable forex brokers contest; also you can check out our forex demo contest list to choose your competition, with a good broker.

What should you focus on while choosing a demo contest?

While you go to choose a demo trading competition you should focus on some things. First of all, you should read the trading rules, terms & conditions. While you select a contest try to get easy rules and conditions of the competition, try to follow these few steps to choose the right demo contest.

Reliable brokers: A trusted and the regulated broker does not cheat with their clients. So you should choose a trusted brokers contest. While you go for a demo contest try to choose IFSC (international financial services commission), FSA (financial services authority), FCA(financial conduct authority), cysec(cyprus securities and exchange commission) and other powerful international financial regulated brokers.

Select your trading strategy: every real trader create their own trading strategies. So it will be better for your trading career, if you can create your own trading strategy with the demo trading and apply on it in the demo trading contest. If you can make a perfect trading strategy, it will help you in futureand it will minimize your risks and give you the maximum profits in trading.

Choose best trading hours: forex market is opened 24 hours in a day but nobody trades 24 hours in a day. Forex trading is dependent on the trading hours. Real forex trader’s wait for the right trading time, a trader can gains the maximum profit if he can select the right trading time. You should learn about the trading hours then you can achieve quickly. First, know your time zone and adjust your trading time with the highest actionable trading time.

Multiple winners in a contest:most of forex brokers offers multiple prize means multiple winners in a demo contest, it will give you a good chance to win a prize. So, try to choose a contest which is published with multiple prize winners and focus to be a winner not at the top position.

Patience and seriousness: most of the newbie traders join in a demo contest, but they think that; I didn’t invest my money, so I don’t need to trade with my patience. Everyone knows that without patience, nothing can be achieved, so keep patience and focus in your trading.

Difference between forex live and demo contests:

The most of the live contest is designed for most experienced traders with a vast amount of prize money, but the forex demo contest is intended for the newbie traders with a minimum amount of prize money. In the live trading competition, traders have to keep risk on trading, but demo trading competition hasn’t any risk while attending this type of competition. To participate in a live trading contest traders have to deposit a minimum amount on the trading account, without a deposit traders can’t participate in a contest. But in a demo trading competition, traders will get the trading money from brokers.

Forex demo contests

Hotforex » virtual to real demo competition

Grand capital » future trade demo contest

NPBFX » demo contest, iphone 11 pro

Octafx » weekly ctrader’s demo contest

WFOREX » demo contest, $23K fund

Roboforex » free monthly demo contest

Forex demo contests and competition

As a forex enthusiast who intends to succeed on the forex, you need a high level of discipline and a robust knowledge of how the market works. One good way to acquire forex knowledge is to participate in a forex contest.

Many online brokers create a platform for their traders, both newbies and experienced traders, to participate in forex contests. A forex contest is organized so that traders can compete among themselves and retain their trading interests. The contest is divided into two – forex demo contests and forex live contests.

Today, we will take a look at the concept of forex demo contests. We will walk you through the benefits of participating in a demo contest and what you should know before joining any contest.

But before we dive deeper, let’s quickly explain what a forex demo contest is.

What is a forex demo contest?

A forex demo contest is a risk-free forex trading competition organized by online brokers to allow traders to practice their trading skills and strategy and win cash rewards, gifts, or tradable money.

Participating in a demo contest is very simple and straightforward – all you require is to open a demo account with an online broker and skills in forex trading.

Benefits of forex demo contest

Forex demo contests are designed for beginner traders so that they can practice their trading skills and learn how forex trading works using a live account. However, it is not strange to also see experienced or expert traders participate in a demo contest. Since they may earn a prize without necessarily risking their real money.

Primarily, the major beneficiary of a forex demo contest is beginners. Beginners are encouraged to participate in demo contests because:

It would help them to understand the forex market and how to trade without losing their trading capital.

They will learn the various tools required to automate trades. This would help them both physically and mentally should they decide to take up a career as a forex trader.

They will gain real-time insight into the dynamics of live trading. This would help them to avoid unnecessary mistakes that may cost them their hard-earned money.

A forex demo contest allows traders to test, correct, or improve any trading strategy before applying the same to trade in a live environment.

They can gain self-confidence, win rewards at no cost at all, and without any risks.

As a beginner, once you participate in at least two or more demo contests, you would be one step closer to becoming a professional trader. As you can see, forex demo contests come with so many benefits. Therefore, if you plan to take up a career in forex trading, we encourage you to participate in different demo contests as often as possible.

What should you know before joining A forex demo contest

Before you join any forex demo contest, keep the following in mind:

Be informed that each demo contest comes with its unique rules and regulations. There is no one-size-fits rule for all the demo contests. These rules determine who is fit to participate in the contest, how prizes would be won, and how prizes would be redeemed.

Endeavor to study all the rules and regulations and adhere to them. Non-compliance with the rules will automatically disqualify you.

Choose a broker that is reliable and trustworthy.

Only participate in a demo contest that is easy for you.

Ensure you read forex-related news and stay updated with trends and events in the forex market.

The demo competition presents by the broker with the following common terms and conditions and is available only to specific demo contest accounts. However, the terms and conditions vary from broker to broker depending on the particular contest.

General terms and conditions of demo contest 2021:

Basically, the client needs to eligible to participate in the demo contest with an age of 18 or the legal age applied in his country of residence.

Only clients with a demo contest account are eligible to participate in this contest.

The client hereby acknowledges, confirms, and accepts to be legally bound by the terms and conditions as set out in the particular contest

Registration and trading period

The demo contest should have a registration date that the participants require to confirm their registration before the deadline. Some competition allows registration until the end of the contest, while others have a specific date to be registered.

Each contest has its duration suits their campaign, some of the common contest periods are monthly, weekly and many others. Among them there are contests runs on a regular basis with its particular timetable.

Usually, the leverage & initial balance is fixed for all contest’s accounts and cannot be changed.

Final thoughts

Okay, that’s it. Forex demo contests are a great opportunity for you to perfect your trading skills without depositing any funds or even losing your hard-earned money. Since forex demo contests are organized by online brokers, do your due diligence when choosing a broker to create a demo account with.

Lastly, what’s your experience like the first time you participated in a demo contest? Let us know in the comment section!

Forex DEMO contests and competitions run by forex brokers

ADMIRAL MARKETS
forexball trading competition

In 2009 there will be two seasons of demo competition. Competitions are conducted in each of 6 geographical regions with winners determined in each region.

Rating prize
1st $1000
2nd $500
3rd $300
4th $100
5th $100

The final round of the forexball competition will be carried out in the end of the year, 1st prize – $5000.

BROCO
russian roulette

Russian roulette lasts for 24 hours. Check the schedule on the broker’s website.
Register and go ahead, try to earn more than your competitors within 24 hours. Automatic trading systems are prohibited.

Cyber trade

Cyber trade is a new unique contest for traders developing their own mechanical trading systems.
Duration of the contest is 13 months. Selective rounds will be conducted from 2009 march to 2010 february and the results will determine 12 winners. Check the schedule on the broker’s website.

Winner is the one who gained maximum balance by the end of competition. The prize is $1000 and commemorative mug of broco.

DELTASTOCK
formula forex contest

Each month forex DEMO account traders can try their skills in the deltastock contest.
Top 3 contestants with a maximum account balance at the end of each month win bonuses as follows:

First place: 1000 euro
second place: 500 euro
third place: 300 euro

The contest winners will be entitled to receive their prize only if they open a live delta trading account and their initial deposit is at least 1000 euro (or a current account balance of at least 1000 euro for existing clients).
Winners are awarded bonuses, should they open live trading accounts later on.

FINODDS
win a free $100 trading account

Open a demo or real verified trader account and you are immediately eligible to win a free $100 trading account. This money is immediately credited to a real trading account.

FXOPEN
forex cup

The contest will run for one calendar month. The contest begins if the quantity of competitors is at least 1000 persons.
Ask fxopen for details.
$1000 for 1st place
$500 for 2nd place
$300 for 3rd place

GTL TRADING
GTL traders challenge

Chance to win $500 USD to $1500 USD credit to begin live trading.

No cost to enter. No commission. No hidden charges
contestants can start trading immediately on registration.
Results evaluated based on trading activity over 30 day duration.

HIGH STREET NETWORKING
weekly demo contest

The contest is held every week. The rules are simple: register providing name, country and email and receive a number for your account. Come an trade for the week and try to increase your capital as much as you can during a competition session.
The winner will be a contestant with the highest equity by the end of the week.

Winner prize is $100 which can be out on real account or withdrawn.

IFC MARKETS
forex demo contest

Participants trade demo accounts for 1 month. The trader who gained the greatest balance will be determined the winner who won the first place. The same criteria will be applied to determine the winners who won 2nd – 25th places.

Cash awards
* 1st place: $2000
* 2d place: $1500
* 3d place: $1000
* 4th place: $800
* 5th place: $700
* 6th — 10th places: $400
* 11th — 25th places: $100
* company’s special prize: $500 will be awarded to the trader for profitable trading based on the strategies of minimum risk.

INSTAFOREX
instaforex great place

The contest is held once a month. Prize fund of the contest “instaforex great race” is 46400 USD.
The contest consists of 4 steps and the final.

The line of prizes for the first four steps of the contest is the following:

* 1 prize – 3000 USD
* 2 prize – 2000 USD
* 3 prize – 1000 USD
* 4 prize – 750 USD
* 5 prize – 500 USD
* 6 prize – 250 USD
* 7 – 11 prize – 100 USD + number of bonus points.

The FINAL is held at the end with the first prize of 5000 USD.

MASTER FOREX
weekly demo contest

Trader need to register a new demo account (using special form). Then trade during the week from monday to friday and try to increase the balance to the best extent.
On friday evening all accounts will be locked. 10 top accounts win.

Place/prize
1. $100
2. $50
3. $25
4-10. $5

Bonus is given to the real trading account cannot be withdrawn.

MGFOREX
ultimate demo contest

Contest is held each month.
A fee of $44.95 is required to enter monthly contest.
Or a fee of $500 can be paid upfront for yearly contest. Every months a trader will have a choice to either continue contest participation, where the monthly cost of $41.67 will be applied from the initial $500 paid upfront, or stop contest participation and transfer remaining funds to the live account.

Winners:
wins a contestant with the highest account equity by the end of the contest month. In case winner”s account equity equals to 5x the beginning equity or more, he/she will receive credit of $3000 on a live trading account. With account equity less than 5x the beginning equity a winner will receive a credit of $1500 on a live trading account.

OANDA
fxcontest

Fxcontest form oanda allows traders to hold their own trading contests between friends and rivals – without any limitations. Great place to compare own trading skills against other contestants!

There are lots of trading contests to choose from.
Prizes and/or other rewards are defined by organizers.

REAL TRADE
14th contest

Contest registration: from 23.03.2009 12:00 (GMT+1) – till 03.04.2009 17:00 (GMT+1)

Contest period: from 06.04.2009 00:00 (GMT+1) – till 17.04.2009 23:59 (GMT+1)

1st place $1000
2nd place $500
3rd place $300
4th place $100
5th place $100

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So, let's see, what we have: forex demo contests competitions 2021 held among demo accounts, same facilities for all participants. Forex demo competition is a risk-free way to try your trading skills and strategy while competing for prizes! Cash or tradable money or gifts are distributed as prizes for the winners of forex demo contest - find all here! At demo contest forex