The contest titled Demo Forex is held every month by the RoboForex broker . As the name implies, the contest is for demo accounts only. Competitions are held with a duration of one month. Traders can compete to prove the ability and strength of trading strategies to win a total prize of USD 3000.

Traders with verified accounts can participate in Forex Demo contests. Participants will be provided with an MT4 Demo Fix account with funds of USD 5000 which will only be deposited one minute before the competition starts. The account will have a Stop Out level of 20%, hedge margin of 25% and leverage of 1:100. There will be no limitations for trading instruments. However, traders are prohibited from using scripts . The maximum number of open orders is 10 and the maximum transaction volume is 0.1 lot.

The participant with the largest balance at the end of the competition will emerge as the winner. There are 10 winners who will win a total prize of USD 3000 with details:

• 1st place - $700
• 2nd place - $550
• 3rd place - $420
• 4th place - $350
• 5th place - $290
• 6th place - $240
• 7th place - $180
• 8th place - $130
• 9th place - $90
• 10th place - $50

The RoboForex broker has various types of contests for its clients. Such as the weekly contests Trade Day , Week with CFD and KingSize MT5 . The contests have been specially designed to suit clients' different trading styles. By participating in contests, traders can hone their skills and put their trading strategies to the test. What's more, with cash prizes that can be used for trading capital or withdrawn at any time . To take part in the Forex Demo contest, open a RoboForex brokerage account and register yourself on their official contest website, ContestFX by RoboForex .