Forex contests are very popular type of promotions provided by forex brokers to its clients. Beginner traders love the idea of forex demo contests where there is possibility to earn real money without risking own funds. Participation in this type of promotion is simple, it requires a demo account and skills in forex trading, however to win in a contest could be much more complicated, because a large number of participants. There is a lot of forex contests with great prizes conducted on the market, therefore this list of the best forex competitions that take place on demo accounts should be very helpful. Here you can compare rules, prizes, important information then choose a contest that suits you best.
List of Forex Demo Contests 2023
Featured Forex Demo Contests
HFM offers monthly demo contest with attractive prizes for three best traders.
This demo contest is held monthly and involves MT4 Demo ECN accounts which have $5,000 initial balance and leverage 1:100.
Forex Demo Contests
Eightcap provides demo competition where the first prize winner will get $1900.
FXCL offers series of competitions where trader can get one of 30 prizes.
A twenty-four-hour contest conducted every Friday.
To win this contest you need get as much as possible profit pips, because the final standing base on profit pips minus loss pips.
The most important pairs in this promotion are GBPUSD and GBPJPY.
The Sniper contest requires to generate at least 5% profit from trading GBPUSD and another 5% form GBPJPY.
The important rule of this competition is that the maximum drawdown acceptable in your account equals 25% of a current balance.
You can practise and master your trading skills while competing for real cash prizes every month.
Besides ten cash prizes the broker offers a special prize the newest iPhone 15 Pro to winner who increases initial deposit more than 50 times.
In this monthly contest all trading techniques or EAs are allowed.
The contest starts on each Wednesday and finishes at the same time on Thursday.
You can trade CFDs on MT4 Demo ECN-Pro account with the leverage 1:300 and a virtual 3,000 USD.
The contest goal is to open an order with the biggest volume.
You are allowed to trade on major currency pairs and gold.
You need to trade using Bitcoin, Litecoin, Etherium and other cryptocurrencies in this demo contest.
Clients may trade on STP demo accounts using all financial instruments.
Ended Demo Competitions
Weltrade offers contest with total bonus prize pool of 40,000 USD.
Start trading with the virtual currency, and if you win, you will receive real money.
The LeoPrime’s contest is held on Demo ECN accounts with $5,000 virtual money and the leverage 1:200.
In this promotion you can trade as a solo player and as part of a team.