Demo contest forex 2021
Register in the octafx champion MT4 demo contest, trade your demo account like a champion, win and get fabulous prizes!
Top-3 forex bonuses
Any possible trading techniques are […] participate in weekly virtual to real demo-contest by CAPPROFX – trade with the virtual money and win trading credit on a live account. Avoid any […]
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 contest, $100K fund, 2021 winners – weltrade
Join the weekly forex trader demo contest by weltrade. Try a risk to the freeway to win cash prizes with the forex trader demo contest […]
Fortnightly demo contest, cash prizes (feb, 01) – FBS
Virtual to real forex demo contest – hotforex
Hotforex virtual to real forex demo contest open for all forex traders to win real trading money – IT is high time to challenge other […]
Fortnightly demo contest, win $500 – grand capital
Rally trade contest by grand capital – test your trading strategies and real prizes. The competition is held every two weeks. The participants start with […]
Fbspro forex demo contest – FBS
Prove yourself to be a real master of the forex market. Join the “FBS pro” monthly demo contest and find your trading art. Become a […]
Champion MT4 demo contest – octafx
Register in the octafx champion MT4 demo contest, trade your demo account like a champion, win and get fabulous prizes! Any possible trading techniques are […]
Learn and earn, demo contest – lmfx
Lmfx’s learn & earn contest held in the demo account, thus no monetary risk associated to participate in the competition. Bring an opportunity to earn […]
Christmas sprint live contest – grandcapital
Participate christmas sprint live contest and win a grand prize of $5000 USD that is fully withdrawable without any restrictions. Register for the contest and […]
Weekly demo contest, fund $5k – LAND-FX
Land-FX launches a trading competition with virtual money – the participants required to registered a PAMM trading account. There is a new contest each week […]
Trade day forex 1-day demo contest – roboforex
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 FX-trading contest – invest-AZ
Investaz presents demo FX-trading contest available for all contestants to participate in the competition. Take the challenge of the monthly demo contest & win one […]
Kingsize MT5 demo contest – roboforex
Roboforex‘s kingsize MT5 demo contest is an excellent chance for everyone to test their capabilities of the metatrader5 trading platform. Where the prize pool is […]
Kamikaze demo contest V7 – MFM securities
MFM securities DEMO CONTEST with 10 prizes for the 10 winners. Sign up with the company if you don’t have an active account already and […]
Forexcup trading contest – fxopen
Take part in the forex contest and get real money prizes and bonuses for live trading. Join forexcup trading contest by FXOPEN and find the […]
Ctrader’s weekly demo contest – octafx
Participate ctrader weekly demo contest to win cash prizes, trade with the ctrader trading platform while chasing the $400 cash prize fund. Be a participant […]
Weekly lucky friday demo-contest – CAPPROFX
Participate in weekly virtual to real demo-contest by CAPPROFX – trade with the virtual money and win trading credit on a live account. Avoid any […]
Virtual reality competition, fund $8,760 – alpari
Participate in the alpari virtual reality demo competition with an aim to make the maximum profit with minimum drawdown to win the cash prize. The […]
Demo competition, win 1000 USD – ACM brokers
ACM brokers brings trade and win REAL CASH competition in the risk-free. Trading environment. To participate in the competition you don’t need any investment, just […]
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 deposit bonus and forex no deposit bonus
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- Forex brokers
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- Demo contests
- Forex special bonus
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- Forex trading signals
- Forex analysis
- Best cryptocurrency brokers
- Contact
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
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.
Winter demo contest, $10K cash fund – leo prime
Leo prime brings a trading demo contest with the virtual currency and no risk for the participant. Take the challenge of the competition to show […]
Drag trade 1-hour demo contest – grand capital
Ultra-fast forex demo competition that held every friday – the participants have one an hour to compete and win prizes while trading over 50 currency […]
Demo contest moneymaker (S-18) – instaforex
Moneymaker demo contest presented by moneymaker.Team forum and sponsored by instaforex. Participate in the two weeks demo competition and win prize money to trade in […]
MT4 DEMO CONTEST, $11K FUND – N1CM
Number one capital markets LTD hosts a demo competition over the metatrader 4 terminal with a prize fund of $11K USD. The fund distributed among […]
Demo trading competition 2020 – global prime
Follow global prime on instagram and enter the special coupon code in the competition channel to enlist in the demo contest. Participation has cost while […]
Demo competition, win 7,000 PLN and more – TMS
TMS broker launches DEMO CONTEST with exciting prizes plus an invitation to a supercar day experience, where you can drive 6 amazing cars + investment […]
Lotzilla trading contest 2020 – rally trade
Rally trade is bringing to you the LOTZILLA TRADING CONTEST 2020. Trade to win prizes, follow the competition’s rules to take part in the trading […]
Future trade $1000 non-deposit contest – grand capital
Grand capital presents future trade contest with $1000 non-deposit prize. A perfect place to show off your trading strategy, skill & technique in the risk-free […]
Demo contest master scalper – accentforex
Accentforex re-launched the “master scalper” DEMO CONTEST, the competition is dedicated to the scalper traders. Participate in the race with virtual money and win tradable […]
Demo competition, cash prize $1K – acefxpro
Acefxpro DEMO COMPETITION brings an opportunity to the interested participants to enter the competition and win cash prizes. The traders with the highest profits gained […]
Demo contest, cash + iphone 11 pro – NPBFX
NPBFX DEMO CONTEST is open for all registered clients with a 1000 USD trading capital of topper reward plus a chance to win an iphone […]
Best of the best contest, $10,000 fund – liteforex
Liteforex‘s BEST OF THE BEST CONTEST held on a demo account on each of the months. Register your profile and verify to take part in […]
Sniper weekly demo contest – instaforex
Sniper – a weekly demo contest from instaforex.Com, register for the next instaforex weekly demo contest 2020 sniper contest right now. After the registration procedure […]
Demo monthly contest, $6K fund, 20 winners – roboforex
Roboforex demo forex contest january 2020 – the total of 6000 USD prize fund with 20 winners. Participate in the monthly contest held according to […]
Cryptomania demo contest, $3K fund – fxopen
Fxopen‘s free demo contest of cryptomania demo fight – trade through any cryptocurrencies like BTC, LTC, NMC, PPC, ETH, DSH, etc. Test your trading skill […]
Traders demo competition – IAFT
IAFT brings traders demo competition for their new and existing traders. The procedure is easy to participate in the contest by following the schedule. Competition […]
Demo trading contest, $3900 fund – vantagefx
Vantagefx demo competition 2020 for indices and share CFD traders – increase your trading capabilities when you trade for the prize without having any risk. […]
Demo contest, $23K+ fund, 1386 winners – WFOREX
World forex brings CASH WAR contest for all the clients to take part in the virtual money, no risk for the participant. Register a forex […]
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.
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.
© 2014-2021 forexcup. All rights reserved.
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 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 deposit bonus and forex no deposit bonus
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- Deposit bonus 2021
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- Forex brokers
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- Live contests
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- Forex special bonus
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- Forex rebates promotions
- Forex trading signals
- Forex analysis
- Best cryptocurrency brokers
- Contact
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!
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 2021
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- What are the common rules of demo contests?
- Is the forex demo contest prize withdrawal?
- Which brokers are offering a demo trading contest?
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- Difference between forex live and demo contests:
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- What is a forex demo contest?
- Benefits of forex demo contest
- What should you know before joining A...
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- Final thoughts