Forex demo contests have long been a platform for many traders to develop skills and trading experience. If you succeed in becoming a winner, the prize can be used as extra capital for real trading. Beginner traders who are still in the learning stage can test their trading system in a competitive atmosphere on a demo account. The question is, which forex brokers hold forex demo contests with attractive prizes on a regular basis?
Forex Demo Contest from Octa
Octa Broker presents the MT4 CHAMPION DEMO CONTEST for traders to win prizes ranging from $40 to $500.
If you want to join, register for an Octa account, open a new Champion contest account, download the MT4 trading platform, and start trading when the next contest starts. There is no account verification requirement to participate in the contest, so traders do not need to prepare any proof of identity.
Each contest account comes with access to 32 currency pairs, gold and silver, 3 energies, 4 indices, as well as 5 cryptocurrencies. Participants cannot use the same contest account for more than 1 round.
Forex Demo Contest from InstaForex
InstaForex presents the Sniper contest with a total prize of $1500 every week. To participate, traders only need to register for the contest on the InstaForex website, receive a virtual deposit of $10,000, and then trade with a leverage of 1:500. Traders are allowed to choose trading sizes ranging from 0.01 to 1 lot. There is no entrance fee for the InstaForex Sniper contest, making this competition very suitable for beginner traders.
Forex Demo Contest from ThinkMarkets
Participate in the ThinkMarkets Demo Contest for a chance to win a total prize of $5000, in which $2000 would be awarded to first place, $1500 to second place, $1000 to third place, and $500 to fourth place. Participants can compete using an MT4 demo account, where the account will be archived 14 days after the contest ends.
Forex Demo Contest from LiteFinance
LiteFinance presents the "BEST OF THE BEST" forex demo contest with a prize of $10,000, where you only need to trade using various currency pairs and other tools available at this broker. Winners will be announced at the end of each contest period.
By participating in this contest demo, you will be supported with a $5000 ECN DEMO account, fixed leverage at 1:400, and other provided benefits. Unfortunately, traders from the United States, Japan, Israel, and the European Union cannot take part in this demo contest.
Forex Demo Contest from Eightcap
Prizes provided in this demo contest are $1000 for first place, $500 for second place, and $300 for third place. The winner's ranking is determined by the highest return during the contest period. The winning prize will be deposited into the winners' specified bank accounts after verification.
It is important to note that participants who have more than one account will be disqualified, and the prize amount cannot be transferred or combined with other promotions from Eightcap.
Forex Demo Contest from Vantage
Through this contest, Vantage Global Limited invites clients to participate in a demo competition. Traders who register will receive virtual funds of $10,000 in an STP demo account on the MT4 platform.
There will be 8 winners based on the highest profit percentage at the end of the contest period. Prizes range from $100 to $2000 for the best-performing participants. Withdrawals of funds can be made by submitting a written request.
Forex Demo Contest from Grand Capital
Grand Capital presents the Grand Capital Cup, a contest demo that gives clients the opportunity to win a $500 grand prize. Apart from that, the profits would be available for withdrawal and winners would be granted the 'professional trader' status.
Contestants will receive an initial balance of $10,000 to trade. The participant with the highest profit at the end of the 24-hour contest period will win the main prize. To participate, you only need to open an account at Grand Capital, complete verification, and make at least one transaction.
Closing
Among the choices of forex demo contests above, which one attracts you most? Whichever competition you want to take part in, remember to read the competition rules before registering. Not only a winning strategy, but trading contests also need to be followed according to the rules so you can get the maximum advantage of competing in a demo account.
Want to take part in weekly contests? Both demo and live, these forex trading contests offer weekly competitions with a desirable amount of prizes.