Forex demo contest

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 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 […]

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 […]

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.

What is forex demo contest?

Introduction

There is a wonderful opportunity exists in forex trading where you can test your skills and practice different strategies with a large number of other traders? This is forex demo contest, especially if you are having thought about a new way of trading. For FX brokerages demo trading contest is a wonderful idea to get in touch with new customers, and let them trade on their platforms. Nowadays, forex trading has become a very popular form of invest to business. It's no wonder there are so many promotions and special offers to attract their attention

The definition of forex demo contest

Forex demo contests are basically a kind of race of trading skills, in which there are prizes of either big amount of money or high cost prizes given to a winner trader.

Mainly setup for traders to acquire a feel for forex trading, in addition, there are seasoned traders who opt to make the most of the prizes that are probable. Generally, there's absolutely no charge and only rules and rules.

Known rules in forex demo contest

Every demo competition has its own set of instructions for clients to follow and these rules are prepared by the brokers to organize the event perfectly.

The traders need to stick to them.

As a result of various set of regulations and guidelines specified by the agent, it's necessary to carefully understand the rules before registering for any sort of demo competition.

For all forex brokers, there is one common term is that a single player may only have one account in that demo competition. To be clearer about the condition is that there may only be a single account for one internet IP address. So be careful if you’re using a shared connection.

Besides this, even as soon as you have signed up for an event, you can't withdraw from the competition unless it's done by brokerage.

Failure to adhere to regulations and the rules may result in disqualification of the player.

Forex demo competition set of rules to follow

Demo contests run by many FX brokerages and every one will have their own set of instructions to follow by you, and it's vital for you to read the rules carefully. It may have cost free to join in the arena but you might want to consider the cost of your time. Contest rules are overall not that much hard, enough to say pretty easy, and are really just an issue of your common sense.

1 rule that's crucial to learn that the trader must have only single one account with the same broker who's playing the demo contest race. At that point they will look for internet IP address, a single account per IP address. Therefore, if you're discussing your pc with a different forex trader you need to check they have not opened an account as well. It might feel unexpected to you, especially as just two individuals are engaging, however in the long run it reduces cheating and also enables everyone a shot.

Some typical rules applied to a contest

Before engaging in a competition you need to enroll to get a demo account with the broker. Attempt to withdrawal any fund from the contest aren’t valid until the competition has ended. Losers will get eliminated in their losing phase.

Utilize EA trading software and a few terms that traders aren't permitted to acquire any type of help. This is only because these competitions' organizers wish to keep everything honest. And this would not be true if individuals were obtaining specialist guidance or utilizing a computer software to make the decisions.

Finding a demo trading contest

Finding a contest is not hard. You won't have an issue finding hundreds of FX demo trading competitions free and for real money. You can easily find on the web and also we are here to do the legwork for you, as we intend to incorporate some of the demo forex contests out there.

A few hints and tips for you

A competition you’re considering to join could be different than the other one you know, however there are a couple of strategies to not follow to reduce the odds side.

Do not play in misery thoughts. Deciding upon those with the potential for gain. Play your trades secure and you'll wind up losing out.

Just how much you hazard depends upon the length of the competition. Danger is required by A duration. A demo forex contest could last a few minutes to an hour or even a week till the race is over.

It is no wonder that brokers give prize to more than only one winner. You do not always need to be the very best in order to win the trophy, as many agents provide prizes to the best 20, or even occasionally 50, traders.

It is important for you to keep in your mind that the competition is not all about winning. Even though a glorious prize is always a fantastic attract to us. Joining in a forex demo trading contest is a great opportunity to learn the intricacies of forex trading and also check out.

Withdrawal system your demo contest prize

It depends, your profit is permitted to withdraw your fund in real but. Brokerage have their own policy so a few prizes can be paid directly to a trader.

Checklist before choosing a demo contest

Offer terms and conditions from broker page

If you are location/country is not banned list

Chances/possibility to withdraw the prize

Participant requirements to fund out in real

How they consider a winner

Demo trading contest rules

Conclusion

Forex demo contest is an excellent way to earn real money not risking own funds. It brings the opportunity for all forex traders to trade without any cash deposit. Mostly forex demo competition is popular among newcomer forex trader. Demo contest is held among demo accounts where all contestant receives the same amenities like initial balance, margin level, margin requirements, leverage etc. Sometimes cash or trading balance or presents are considered as the prize.

Many forex brokers offer too much attractive demo competitions. On our website you can check this page to get a list of the best forex competitions that would be a good idea to participate. The information about demo competitions will regularly update here.

Forex demo contests

Forex demo contest 2021

Forex demo competition

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 […]

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 contest

Contest demo trader

Mobius trader 7 demo trader contest

Contest duration : 18th jan 2021 until the 29th jan 2021
for any support, please contact our support team

WHO WILL WIN

Whoever has the most money at the end of the round will be the winner of the contestant main prize

HOW TO JOIN THE NEXT ROUND

IMPORTANT NOTICE : all trades should start from DATE to DATE only. Any trades done before the start of contest date will make you disqualify. For adding the contest account trade balance please contact us on live chat or send us mail at support@27forex.Com

Champion mobius trader 7 demo contest 6

Platform - mobius trader 7

27forex contest - PRE REGISTRATION FORM

Demo contest terms and conditions

27forex is a world leader in FX trading. Whether itвђ™s our award-winning platform, personal approach or comprehensive education - has been shaped to help you achieve your trading ambitions.

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27forex is a trading name of two seven forex limited,( A company registered at england and wales with registration number 12517406).
Registered business address : 27 old gloucester street, london, united kingdom, WC1N 3AX
business regulatory codes : 64205 - activities of financial services holding companies, 66110 - administration of financial markets, 66300 - fund management activities

Two seven capital limited registered office: first floor, first st. Vincent bank ltd building, james street, kingstown, st vincent and the grenadines

The LLC is formed for the object and purpose of providing brokerage, trading services in currencies, commodities, index, cfds and financial instruments and the nature of the business to be conducted and promoted by the LLC would be engaging in any lawful act or activity for which limited liability companies may be formed under the act and engaging in any and all activities necessary or incidental to the foregoing.

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Risk warning: trading leveraged products such as forex and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.

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

Keep updated with our round the clock and in-depth cryptocurrency news.

Risk warning: investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.G. Contracts for difference (“cfds”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

Cfds and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

When trading in stocks your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.

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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.

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 forex demo contest