Forex demo trading competition

Hotforex broker hosts a monthly demo contest called вђњvirtual to realвђќ for all its verified clients.

Free forex bonuses

Forex Demo Contests 2021, forex demo trading competition.

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 The awarded prizes can only be used for trading purposes and cannot be withdrawn, however, any profit you make is yours to withdraw after meeting the required conditions (trade 10 standard lots in no less than 50 round turn).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. 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.

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.

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 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 february 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 2021.01.01 00:00 till 2021.01.31 23:59

Contest

Forex contest is a competition often held by forex brokers to attract their clients. New and experienced traders love to engage various contest. There is some regular forex competition arranged by forex brokers as weekly, monthly, yearly, etc. Other is announced as an occasional on the different issue. Forex contest is a great way to test trading skill, trading strategies, and trading techniques. It’s beneficiary for both client and broker. Find available forex contest 2021

Forex competition 2021

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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

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 2021

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

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

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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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.

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A guide to choosing the best forex contest

Forex is a market full of opportunities and as time passes, more and more people have access to this very important and diverse trading market. As of today, people from the poorest regions have access to the forex trading market, which makes it even more popular around the world.

Forex trading was once something for only a handful of people, who had to call a broker directly to make moves. As of today, foerx is accessible by most of the people around the world, thanks to the development of modern technology. Every day, new forex brokers are emerging and offering traders different types of opportunities.

In today’s guide, we will tell you everything about contests and competitions that have changed many people’s lives forever, and will also provide you with accurate and useful tips for choosing the best forex trading competition 2021 that will fit your needs the most. So, if you wish to learn more about all of these, follow our guide carefully!

What is forex trading and how did it become so popular?

Before we talk about competitions and all of that good stuff, I want to tell you a little bit about forex trading. If you are new to the field, the easiest way to describe forex trading is basically a process of selling and buying different currencies at the same time. The forex market is actually the largest, most liquid market in the world. There are trillions of dollars traded every day by the forex traders around the world. Forex has no centralized location, it is an electronic network of banks, brokers, institutions, and traders, who are mostly trading through brokers or banks.

Because of such popularity, the number of forex brokers around the world is increasing, and to distinguish themselves from others, many forex brokers are coming up with different types of ideas to attract more users. One of them is the contests and competitions, which are a great way for FX brokers to attract more traders to their trading platform.

What are forex contests and are they worth your time?

Contests in the world of forex can be very different from one another. There are many different contests created for all sorts of different types of forex traders, including beginners and those who have been trading FX for a very long time now. The idea behind these contests is to offer traders some type of challenge and awarding those who end up doing the best job.

Contests are working very well for both, forex brokers and traders since it gives brokers the ability to attract more people, while also giving traders the chance to win big. There are even some contests where you do not even have to make real-life deposits, which can be very useful for those who are just starting out in the world of forex.

What is a demo account and what are the best forex demo contests 2021

Demo accounts are a great way for many people to start forex trading without actually using their own funds. It is a very important part of forex trading since it offers traders the ability to have access to a forex trading market without having to use their own real-life funds.

Mostly, demo accounts are used by beginners, who are trying to learn more about the field of forex, however, it would be very wrong if we said that these types of accounts are created for beginners. In reality, they are something that can be used by experienced forex traders very actively, because they offer you the ability to learn more about your trading tactics, strategies, and come up with new ways for forex trading.

In addition to all of these, demo accounts are known to be a perfect place for different types of contests. The best demo forex contests 2021 will offer you the ability to win different types of awards, including real-money. It is a great thing for those who do not wish to spend their own funds for forex trading. In many cases, a lot of people use these types of competitions to win base money for future forex trading. Though it won’t make you super-rich, it still represents a great way for starting forex trading.

What are some of the best companies for trading competition 2021?

Always remember that the best competition is the one that comes with the biggest rewards. One of the companies that are known to have a huge amount of prizes is the exness, with its 12 round contest, the total amount of money for the contest is $120,000. If you end up being number one at the contest, you could win as much as $3,000.

FXTM also has a very nice competition of 4 rounds, with those who end up in the first place winning $5,000. For FBS, even though the one-round competition is not super great when it comes to prizes, it still is nice to get some of it.

Also, another very important part of this is what could you do with the money that you win? In this context, the best one seems to be FXTM. With this broker, you have the freedom to withdraw all of the prizes that you win once the competition is completed. On the other hand, for exness, you can only withdraw half of the prize that you win, and you have to trade forex with the other half.

So, remember that the amount of money that you could win is not always the most important thing in forex trading, you also have to focus on the rules and guidelines that the company has for competitions.

Why are rules important for forex trading contest 2021?

One thing that we want you to remember before you start enjoying different types of contests is to make sure that you understand the rules that you need to follow during the competition. Some people take part in the competitions without even reading a thing about them, and then they become energy when they are unable to withdraw their funds.

So, make sure to understand everything about the contests. First and foremost, you need to be sure that you will be able to withdraw the funds that you won. However, if the broker does not allow you to withdraw the funds does not mean that the competition is not good enough, remember that the money that you get from the broker can be used for forex trading, which can help you earn even more money.

Always remember that, in addition, on every single one of the platforms that we have already talked about, traders can only make one demo account for the competition. Also, you should always make a profit from the initial amount of money that was provided by the forex broker and you are not able to deposit money on your own.

After the competition is completed, the winners of the competition have only 5 business days to respond to the email about the prize, if you do not respond, the prize will be canceled.

How is the winner of the best demo contests 2021 chosen?

In most cases, the rules for the contests are very simple. If they are one of the demo contests forex 2021, you will need to open a demo account. However, keep in mind that every company offers you different amounts of virtual money, for example, FXTM will give you the most, $100,000 of virtual money, while FBS and exness will give you a lot lower, $10,000 and $1,000.

However, these amounts of money don’t really matter in most cases since the factors that decide the winners of the competitions are very different. So, let’s discuss it one by one.

For FXTM, the main factor for deciding the winner is the ratio of profits. If two contestants end up having the same ratio, the one with the smallest drawdown will be the winner. Drawdown is basically how much your funds decrease after it reaches the highest peak. If they still have the same results, the money will be shared between the contestants equally. For excess and FBS, the winner is the one who made the most during the contest.

In addition, the leverages for contests are also very different. Exness has the best leverage, which can get as high as 1:2000, for FXTM it is a bit lower, which is 1:500, and FBS contest leverage is only 1:100. Also, remember that even if you do not succeed, taking part in forex demo contests can make your knowledge about the field of forex a lot better, and in the end, this can make your trading more successful.

What are some of the best forex competition in 2021?

There are tens of different contests on the market right now, but what are some of the best ones? The answer to this question is very hard because in most cases, it depends on the needs and wants that you have for forex trading. One of the best once available online right now is the liteforex dream draw contest.

One thing that makes it better than the other is the fact that the entry requirements are quite fair, and the prizes are super great. Everyone who has a trading account at the platform can enjoy the contest. The requirements are that you need to deposit $500 and trade at least 10 lots, once these requirements are met, you will be given a ticket.

The prizes of the competition are very competitive and one of the greatest on the market, they include:

$250,00 certificate to buy a home anywhere in the world

$60,000 certificate to buy a lexus GX

Different apple products, including the newest ipad PRO and iphone 11

The contest will go on until may 3rd of 2021, and 5 winners will be drawn on the 3rd of august.

For beginners, a great opportunity is the multibank fast and furious contest, this is another free trading tournament, and the prize of the tournament is as much as $10,000 for the winner. MFX broker freeroll championship is another one that I want to talk about. MFX offers two kinds of contests, FX rodeo and weekly jam, which lasts from monday to friday.

There are many other trading platforms on the market offering very diverse opportunities for forex traders, both for those who have been trading for a long time now, and those who have just started it.

Alpari virtual reality demo contest

If you want to try out some of the best contest forex 2021, you should not miss out on this one. The contest is held by the broker four times per year, and the exact dates are being published by the broker regularly. There are ten different winning categories, each of them having different amounts of prizes.

The different rounds compete in a different demo account. 30 lucky winners with the most profit and the lowest drawdown are determined and they are getting the prizes. To be eligible for the competition, participants need to provide accurate information. After registration, they will receive $100,000 as an initial deposit, and the winners have to register for the next rounds as well.

Also, even though FX instruments are available on MT4 accounts, virtual money can only be traded via alpari metatrader. The leverage is as little as 1:10, the competitors can not use a proxy, and the account can only be used during the contest.

What are the weekly forex trading tournaments

Weekly tournaments are very popular among forex brokers. There are many versions of them available, in most cases, the prize of weekly challenges are not that much, however, they can still be a lot of fun. One of the best weekly tournament that comes to mind is the octafx ctrader weekly demo contest. The company hosts the contest for all of its clients, the prize pool is $400, which will be shared among the 5 best forex brokers who can maintain the highest account balance by the end of the period.

However, the brokers have to open up the ctrader weekly demo contest account with the broker, download the ctrader platform, or use it in the browser, start to trade, and work on getting as much balance as possible. The initial deposit that will be on your demo account is $1000, you can trade with a leverage of 1:500, and the winners of the competition should consent the publication of their names and registration data in the company news. The prizes will be transferred to the account of the clients and they can be fully withdrawn.

Tickmill broker also has a 1-week demo trading contest, which has 20 winners who are getting cash as a prize. All demo contest participants will get 10,000 virtual money, which they will trade at high leverage of 500:1. Those who gain the highest profits will be declared as winners, the prizes can be withdrawn without any restrictions. The biggest prize for the competition is $200, which will be given to the winner of the competition.

The best monthly forex demo contests

Monthly contests are also very popular among forex traders around the world. Although there are not so many of them, there still are some that you can enjoy. Agea broker is one of the platforms that offer monthly demo contests, in which everyone can participate. The only thing that you need to do is simply open a demo account, win the competition, and withdraw the money that you won. The contests take place on the agea streamster platform, which is available for windows desktops or web platforms. The traders are initially receiving 10,000 virtual money, and they can trade with leverage set at 100:1.

The top 3 traders who gain the highest profits will be the winners of the competition. However, just like with weekly competitions, the prizes for the monthly contests are very low, in the case of agea, it is as little as $50 for first place, second place $30, and the third-place only $20.

What is a live contest and how to join trading competitions 2021?

Forex live contest is a competition hosted by a forex broker. These type of competitions are not for everyone and mostly fits the needs of the experienced forex brokers. To be more successful at these types of contests, make sure to join the forex demo contests first to gain some experience.

With live trading contests, you have the ability to trade regularly, while also having a chance of winning some of the best awards. However, before you go out there and start participating in these types of competitions, make sure to read everything about the competition very carefully. Ensure that you can fulfill the terms and conditions offered by the broker, also, confirm that you have sufficient funds for the competition. Keep in mind that the broker has the right to disqualify you in case they suspect any type of false information or documents.

For live competitions, you need your own money to trade. However, because of this, in most cases, the prizes are a lot higher than demo account competitions. However, it is very important to be very safe while enjoying one of these competitions, make sure that you are using the right forex broker, learn as much as you can about the competition, ask the question you might have, and always be ready to make moves!

How to win forex competitions 2021?

There are many things that you need to keep in mind while taking part in forex trading competitions. Remember that the field of forex is one of the riskiest fields on the market, and for you to be safe, you need to make sure that you learn as much as you can. For learning, one of the greatest tools is the demo accounts, which in turn, offer you the chance to start forex trading without your own funds.

Although you might not get super-rich with these, you get the ability to test your strategies, work on the way you trade, get to know with the field of forex, and this can lead to a very successful trading future.

Also, make sure to always take into consideration the rules that are in place with a certain competition. In most cases, these rules are created to keep you safe, and following them can make chances for winning even higher. Also, we would recommend starting trading slowly. Once you have mastered competitions on demo accounts, try to transition to live competitions, that can offer you much bigger prizes.

How to choose a broker for the best forex contest 2021?

While looking for competitions, one of the most important parts is the broker that created that competition. There are hundreds of different forex brokers on the market offering their services to people worldwide, but what makes one better than the other? Among many other things, one thing that you need to look out for the most is the authorization and license that the broker owns.

There are so many people who are saying that regulations are not important and that they do not make any difference, however, we believe that regulations are something that makes the field of forex more accessible and trustworthy for many people. There are tens of different regulatory bodies around the world, some of the best ones being FCA in the UK or the cysec of cyprus, and many others. All of these different organizations are working very hard to make sure that you and your funds can stay safe.

Also, while looking for the best broker for the forex challenge 2021, make sure that the company is well-known and has a long history of offering a safe and secure environment for people worldwide. We believe that by learning as much as you can about a certain forex broker, you can make sure to stay as safe as possible, and for forex trading, the safety of you and your funds is one of the most important aspects.

Why are forex contest 2021 so important?

2021 has been a very hard year for many people around the world, and to make these hard times a little bit better, many forex brokers are coming up with new ideas about different challenges, contests, and many others. Competitions in forex trading is something that is making this field more accessible for everyone around the world.

The fact that demo contests are so popular means that even people who did not have any access to the world of forex are now able to start trading for fun, and then win real-life funds and continue trading on some of the best trading platforms worldwide. This is making the field of forex even more accessible for everyone around the world, and this helps the whole field to further develop.

However, make sure to always check the details about the different challenges that you want to participate in. There can be many details that you need to know about, for example, there are certain forex brokers who do not allow people to withdraw the funds that they have won in different types of challenges, which can be quite problematic for many.

So, to stay safe and informed, always make sure to read the guides and rules before you start participating in a challenge, and remember that the market is full of opportunities, so if you do not like something about one of the contests, try to look for other platforms, there are hundreds of them you can choose from.

So, let's see, what was the most valuable thing of this article: forex demo contests 2021 - participate in latest forex demo contests, trade and compete in demo and win real money prizes! Daily, monthly & weekly forex demo contests. At forex demo trading competition