The 24Markets Forex Trading Competition is a free monthly demo trading contest designed for traders who want to test strategies, improve skills, and compete for real trading rewards without risking personal funds. Participants receive a $10,000 virtual balance and trade in real market conditions using MT5 or DXtrade platforms. The best performers can win bonus trading credits up to $2,000. This competition is suitable for both beginners and experienced traders who want to practice trading and earn prizes at the same time.
What Is the 24Markets Forex Trading Competition?
The 24Markets demo trading competition is a monthly online trading contest organized by Prime Capital Markets (PCM) LTD, a regulated investment firm licensed by the Financial Services Commission (FSC) of Mauritius.
This contest allows traders to compete using virtual funds while aiming to achieve the highest percentage gain during the competition period. It offers a safe environment to practice trading strategies while competing for real trading rewards.
Key highlights of the competition include:
- Free participation with no trading risk
- $10,000 demo balance provided
- Access to MetaTrader 5 (MT5) and DXtrade platforms
- Monthly competition cycles
- Cash prizes credited as trading bonus funds
- Opportunity to improve trading performance
The competition leaderboard ranks participants based on their percentage gain from the initial demo balance.
How to Join the 24Markets Trading Competition
Joining the competition is simple and open to most traders worldwide.
Follow these steps:
Step 1: Register on the official competition page at 24Markets
Step 2: Open a demo trading account (MT5 or DXtrade)
Step 3: Opt-in to the competition or contact support for activation
Step 4: Start trading with the $10,000 virtual balance
Step 5: Trade at least 2 lots during the competition period
Step 6: Monitor your ranking on the leaderboard
Participants must be at least 18 years old and reside in eligible countries.
Although the competition itself is free, winners must open and verify a live account with a minimum $100 deposit to receive their prize.
Forex Trading Competition Prize Structure
The 24Markets trading contest prizes reward top performers with trading bonus funds credited to verified live accounts.
Prize distribution:
1st Place: $2,000
2nd Place: $1,000
3rd Place: $500
Additional rewards may also be provided to participants ranked 4th–10th place.
Prize conditions include:
- Bonus funds are non-withdrawable
- Profits generated from bonus trading can be withdrawn
- Minimum 50 round-turn trades required
- Each trade must remain open at least 10 minutes
- Minimum trading volume requirement applies
- Bonus locked for 30 calendar days
Prizes are credited within seven business days after final result confirmation.
Competition Rules and Promotion Conditions
The 24Markets Forex competition terms and conditions ensure fair trading for all participants.
Important participation requirements include:
Eligibility Requirements
To participate, traders must:
- Be 18 years or older
- Register before the competition deadline
- Use only one demo account
- Trade a minimum of 2 lots
- Follow all competition rules
- Avoid abusive or manipulative trading practices
Employees, partners, and affiliates of the organizer are not eligible.
Trading Conditions
Each participant receives identical trading conditions:
- Starting balance: $10,000 demo funds
- Maximum leverage: up to 500:1
- Platforms available: MT5 and DXtrade
- Trading instruments: all available assets
- Entry cost: completely free
Demo trading simulates real market conditions but does not involve real financial risk.
Ranking Method
Winners are selected based on highest percentage gain.
The calculation formula:
Gain (%) = (Ending Balance − Starting Balance) ÷ Starting Balance × 100
If multiple traders achieve the same results, rankings may be decided using:
- Lower drawdown
- Higher trading volume
- Earlier registration time
Leaderboard updates may appear during the competition period.
About 24Markets
The competition is organized by Prime Capital Markets (PCM) LTD, the company behind the 24Markets trading platform.
Broker details:
- Company: Prime Capital Markets (PCM) LTD
- Registration number: 205994
- License: Global Business License No. GB23202449
- Regulator: Financial Services Commission (FSC) Mauritius
- Registered office: Hennessy Tower, Port Louis, Mauritius
- Platforms offered: MetaTrader 5 and DXtrade
The broker provides access to Forex and CFD trading instruments and organizes monthly demo competitions to support trader education and engagement.
Promotion Dates and Competition Schedule
The 24Markets Forex Trading Competition promotion:
- Runs monthly
- Starts on the first day of each month
- Ends on the last day of each month
- Registration closes before competition period ends
Summary 24Markets Trading Competition
The 24Markets demo Forex competition is a valuable opportunity for traders who want to practice trading strategies in real market conditions without financial risk.
| Broker name | 24Markets |
| Contest name | Forex Trading Competition |
| How to join? | 1. Register & Verify 2. Enroll Competition 3. Climb the ranks |
| Prizes | 1. $2000 2. $1000 3. $500 |
| Goal | Get the highest equity and trade at least 2 lots. |
| Broker information | 24markets.com is a website operated by P24 Capital Markets LTD, company is incorporated in Mauritius, authorised and regulated by the Financial Services Commission (FSC) of Mauritius |
| Contest schedule | monthly |
Promotion Link
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FAQ – 24Markets Forex Trading Competition
Is the 24Markets Forex competition free?
Yes. Participation is completely free and uses demo funds only.
Do I need a deposit to join the competition?
No deposit is required to participate. However, winners must deposit at least $100 to claim prizes.
Can I withdraw the prize money?
The bonus itself cannot be withdrawn. Profits generated from trading the bonus can be withdrawn after meeting trading requirements.
How are winners selected?
Winners are ranked based on the highest percentage gain achieved during the competition period.
How often does the competition run?
The competition runs every month unless stated otherwise.
Which platforms are available for trading?
Participants can trade using MetaTrader 5 (MT5) or DXtrade demo accounts.
Who organizes the competition?
The competition is organized by Prime Capital Markets (PCM) LTD, regulated by the FSC Mauritius.
Updated: 2026
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