Forex competition 2021

Anyone with an fxopen account can participate in the forex championship, the only condition is meeting the minimum deposit and ensuring compliance with the rules.

Top forex bonuses

ForexCup Trading Championship 2021, forex competition 2021.

We commit to providing you with a fair and reliable competition, to allow you to solely focus on your trading and strategies, giving you the best opportunity to prove yourself as the top trader.

Forexcup trading championship 2021

Make the history of trading

Prize fund: $50,000

The championship period:

January 1, 2021 — december 31, 2021

Full net return from the deposit

Personalized crystal trophies for the top three places

Compete with the best to achieve your trading GOALS

Forexcup trading championship

Is a brand-new name in online trading competitions with a great legacy. With the support of renowned partners, including global forex and CFD broker fxopen, this is your opportunity to prove your mettle in the trading world.

We commit to providing you with a fair and reliable competition, to allow you to solely focus on your trading and strategies, giving you the best opportunity to prove yourself as the top trader.

The only limitation is your self-confidence

Anyone with an fxopen account can participate in the forex championship; the only condition is meeting the minimum deposit and ensuring compliance with the rules.

The winners receive:

∙ a cash prize of $50,000 (first place);

∙ signature crystal trophies (first three places);

∙ personal brand promotion in press releases, interviews, and articles from the championship provider and its partners (first three places).

Trade any instrument

Choose from spot FX, index, commodity, stock, metal or crypto cfds* and start trading.

*crypto cfds are not available to trade in all jurisdictions.

No restrictions on fair trading methods

Traders may use any legal strategies — day trading, long positions, automated trading with eas. The winner is the trader who demonstrates the most profit at the end of the year. You can read more about the contest rules here.

The mission of FTC 2021

Our goal is to offer both beginner and experienced traders alike the opportunity to prove themselves and their trading strategies against their fellow peers. Your real-time results will be openly displayed, allowing you to see where you stand on the leaderboard throughout the competition.

With this trading competition, we want to create a new type of trading community, which would include traders with proven performance of their methods and strategies. FTC 2021 is designed as a world cup trading competition that helps successful traders like you to gain recognition in this community through an honest contest with objective criteria.

You can read more about the FTC2021 philosophy here.

Take your chance to become a trading icon and gain recognition in a highly competitive online FX tournament. Enroll in the forexcup trading championship now.

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

Mostly forex demo contest is popular among newbie forex trader. It does not require any deposit or invest into account in order to join the forex demo competition. Demo contest is held among demo accounts where all contestant gets the same facilities like initial balance, margin level, margin requirement, leverage etc. At the end of the fore demo contest account with the highest balance declared as the winner. Cash or tradable money or gifts are distributed as the prize. Find the list of all available forex demo contests 2021

Forex demo contest 2021

Demo competition brings the opportunity for all forex traders to trade without any cash deposit. Generally, it is required to register an account for the contest where trading takes place with the virtual money. All participant has the same trading opportunity and environments such as equal balance, leverage, and terms. Contest duration varies as there are different lengths of competition comes from different forex broker. For example – there are weekly, monthly, daily, hourly and even random time frame of the contest out there.

Forex demo competition

Joining a trial or demo contest provide the opportunity to gain reward and at the same time it is a great way to test the trading skill and trading technique. In this process, a trader can build his trading confident throughout the process.

Winter demo contest, $10K cash fund – leo prime

Leo prime brings a trading demo contest with the virtual currency and no risk for the participant. Take the challenge of the competition to show […]

Drag trade 1-hour demo contest – grand capital

Ultra-fast forex demo competition that held every friday – the participants have one an hour to compete and win prizes while trading over 50 currency […]

Demo contest moneymaker (S-18) – instaforex

Moneymaker demo contest presented by moneymaker.Team forum and sponsored by instaforex. Participate in the two weeks demo competition and win prize money to trade in […]

MT4 DEMO CONTEST, $11K FUND – N1CM

Number one capital markets LTD hosts a demo competition over the metatrader 4 terminal with a prize fund of $11K USD. The fund distributed among […]

Demo trading competition 2020 – global prime

Follow global prime on instagram and enter the special coupon code in the competition channel to enlist in the demo contest. Participation has cost while […]

Demo competition, win 7,000 PLN and more – TMS

TMS broker launches DEMO CONTEST with exciting prizes plus an invitation to a supercar day experience, where you can drive 6 amazing cars + investment […]

Lotzilla trading contest 2020 – rally trade

Rally trade is bringing to you the LOTZILLA TRADING CONTEST 2020. Trade to win prizes, follow the competition’s rules to take part in the trading […]

Future trade $1000 non-deposit contest – grand capital

Grand capital presents future trade contest with $1000 non-deposit prize. A perfect place to show off your trading strategy, skill & technique in the risk-free […]

Demo contest master scalper – accentforex

Accentforex re-launched the “master scalper” DEMO CONTEST, the competition is dedicated to the scalper traders. Participate in the race with virtual money and win tradable […]

Demo competition, cash prize $1K – acefxpro

Acefxpro DEMO COMPETITION brings an opportunity to the interested participants to enter the competition and win cash prizes. The traders with the highest profits gained […]

Demo contest, cash + iphone 11 pro – NPBFX

NPBFX DEMO CONTEST is open for all registered clients with a 1000 USD trading capital of topper reward plus a chance to win an iphone […]

Best of the best contest, $10,000 fund – liteforex

Liteforex‘s BEST OF THE BEST CONTEST held on a demo account on each of the months. Register your profile and verify to take part in […]

Sniper weekly demo contest – instaforex

Sniper – a weekly demo contest from instaforex.Com, register for the next instaforex weekly demo contest 2020 sniper contest right now. After the registration procedure […]

Demo monthly contest, $6K fund, 20 winners – roboforex

Roboforex demo forex contest january 2020 – the total of 6000 USD prize fund with 20 winners. Participate in the monthly contest held according to […]

Cryptomania demo contest, $3K fund – fxopen

Fxopen‘s free demo contest of cryptomania demo fight – trade through any cryptocurrencies like BTC, LTC, NMC, PPC, ETH, DSH, etc. Test your trading skill […]

Traders demo competition – IAFT

IAFT brings traders demo competition for their new and existing traders. The procedure is easy to participate in the contest by following the schedule. Competition […]

Demo trading contest, $3900 fund – vantagefx

Vantagefx demo competition 2020 for indices and share CFD traders – increase your trading capabilities when you trade for the prize without having any risk. […]

Demo contest, $23K+ fund, 1386 winners – WFOREX

World forex brings CASH WAR contest for all the clients to take part in the virtual money, no risk for the participant. Register a forex […]

�� forex demo contests 2021

why demo contests?
Because it's a risk-free opportunity to test your skills and your trading system while trying to win real money! Don't think it's a place for beginners: when forex brokers offer attractive prizes, there will be many skilled traders competing for the main trophy!

Sort by ↷

demo contests	prize	valid till
27forex \| mobius trader 7 demo trader contest	$2000	dec/31/2021
accentforex \| "master scalper" demo contest	$1000	jan/10/2021
alpari \| virtual reality contest	$500	dec/31/2021
AMEGA FX \| AMEGA invest demo contest	$3000	dec/31/2021
dukascopy bank SA \| strategy contest DEMO	$5000	dec/31/2021
FBS \| FBS league	$450	dec/31/2021
forex euroclub \| weekly demo competition (in russian)	$45	dec/31/2021
fxopen (forexcup) \| demo contests	$600	dec/31/2021
grand capital \| "drag trade" hourly demo contest	$200	dec/31/2021
grand capital \| "futures trade" weekly demo contest	$1000	dec/31/2021
grand capital \| "rally trade" daily demo contest	$500	dec/31/2021
hotforex \| "virtual to real" demo contest	$2000	dec/31/2021
IAFT \| traders demo contest	$20	dec/31/2021
instaforex \| "FX-1 rally" demo contest	$500	dec/31/2021
instaforex \| "instaforexsniper" demo contest	$500	dec/31/2021
instaforex \| "one million option" demo contest	$500	dec/31/2021
instaforex \| lucky trader demo contest	$1000	dec/31/2021
instaforex \| real scalping demo contest	$2000	dec/31/2021
LAND-FX \| demo competition-FX	$3000	dec/31/2021
liteforex \| "best of the best" demo contest	$4000	dec/31/2021
LMFX \| "learn & earn" demo contest	$1000	dec/31/2021
masterecnfx \| demo trading competition	$1200	dec/31/2021
MFM securities \| gungho demo contest V1	$600	jan/29/2021
moneymaker \| demo contest sponsored by instaforex	$250	dec/31/2021
NPBFX \| contest on demo accounts	$1000	dec/31/2021
octafx \| champion MT4 demo contest	$500	dec/31/2021
octafx \| ctrader weekly demo contest	$150	dec/31/2021
roboforex \| "demo forex" contest	$700	dec/31/2021
roboforex \| "kingsize MT5" demo contest	$100	dec/31/2021
roboforex \| "trade day" demo contest	$350	dec/31/2021
roboforex \| "week with cfds" demo contest	$150	dec/31/2021
superforex \| "gold rush" demo contest	$100	dec/31/2021
superforex \| bitcoin mania	$100	dec/31/2021
uniforex \| trading competition	$1000	dec/31/2021
weltrade \| weekly demo series contest	$1500	mar/21/2021
westernfx \| demo trading contest	$3000	dec/31/2021
WOHLSTAND FX \| demo contest	$1000	dec/31/2021
world forex \| "cash wars" demo contest	$1400	dec/31/2021

Latest promotions:

Extra promotions:

Trader

PLEASE PUBLISHED WEEKLY DEMO CONTEST AS LIKE WEL TRADE AND LAND FX .

Trader

Конкурс moneymaker и instaforex 23 этап (18.01.2021-29.01.2021)
1 место – 250$;
2 место – 150$;
3 место – 100$;
4 место – 50$;
5 место – 50$;
http://www.Moneymaker.Team/index.Php?Threads/konkurs-moneymaker-i-instaforex-23-ehtap-18-01-2021-29-01-2021.18327/
регистрация доступна в течении всего времени конкурса.

Trader

MFM securities - demo contest V1

18th - 29th january 2021 ;
https://www.Mfmsecurities.Com/gungho-demo-contest-v1

Trader

Accentforex - "master scalper" demo contest

Available till : jan 10,2021

Trader

I want new weekly demo contest

Trader

Please request all broker published new and new demo contest

Trader

Simplefx - trading idea contest

Post your trading ideas on simplefx and share it on social media ;
win $100 ;
https://blog.Simplefx.Com/2020/12/11/youre-doing-it-anyway-show-us-your-trading-ideas-and-win-100

Trader

Конкурс moneymaker и instaforex 22 этап (04.01.2021-15.01.2021)
1 место – 250$;
2 место – 150$;
3 место – 100$;
4 место – 50$;
5 место – 50$;
http://www.Moneymaker.Team/index.Php?Threads/konkurs-moneymaker-i-instaforex-22-ehtap-04-01-2021-15-01-2021.18255/
регистрация доступна в течении всего времени конкурса.

Trader

Please published new years demo contest request all broker

Trader

Octafx - win $1K instagram new year contest

End – december 24, 2020 ;
make a video on the following theme of ‘octafx, I need your $1,000 to boost my goal’ ;
https://www.Instagram.Com/p/ci48fmecfsr/

Trader

PLEASE COME NEW WEEKLY DEMO CONTEST REQUEST ALL BROKER PUBLISHED NEW WEEKLY DEMO CONTEST FOR CLIENT

Trader

MFM securities - kamikaze demo contest V7

18th - 31st december 2020 ;
https://www.Mfmsecurities.Com/contest

Trader

Конкурс moneymaker и instaforex 21 этап (21.12.2020-31.12.2020)
1 место – 250$;
2 место – 150$;
3 место – 100$;
4 место – 50$;
5 место – 50$;
http://www.Moneymaker.Team/index.Php?Threads/konkurs-moneymaker-i-instaforex-21-ehtap-21-12-2020-31-12-2020.18211/
регистрация доступна в течении всего времени конкурса.

Arcond

ACM brokers | demo contest : " not found "

Atirox | chasing mavericks demo contest : " this site can’t be reached "

Hotforex | "virtual to real" demo contest : no " promotions "

Uniforex | trading competition : " page is under construction . " https://www.Uniforex.Az/en/musabiqeler/winners

Westernfx | demo trading contest : " westernfx DEMO trading contest will be announced soon! "

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

Participate in the different contest that held in a different time frame. Pick the right and suitable one for you that meet your criteria. See the latest forex contest list to find the most active and running contest from your favorite broker

Champion MT4 demo contest – octafx

Register in the octafx champion MT4 demo contest, trade your demo account like a champion, win and get fabulous prizes! Any possible trading techniques are […]

Learn and earn, demo contest – lmfx

Lmfx’s learn & earn contest held in the demo account, thus no monetary risk associated to participate in the competition. Bring an opportunity to earn […]

Trader wars live contest, $34600 prize pool – alpari

Participate in the alpari trader wars – A forex contest with the total prize fund of $34,600 USD. The contest held in two factions (group) […]

Copystar contest, win macbook pro or iphone – FBS

FBS copystar contest – win macbook pro or iphone! Show your trading skill to the world and win exciting apple gadgets in return. Bring new […]

Christmas sprint live contest – grandcapital

Participate christmas sprint live contest and win a grand prize of $5000 USD that is fully withdrawable without any restrictions. Register for the contest and […]

Weekly demo contest, fund $5k – LAND-FX

Land-FX launches a trading competition with virtual money – the participants required to registered a PAMM trading account. There is a new contest each week […]

Change the game, win audi A3 – cabana capitals

Cabana capitals presents change the game contest to win smartphones with smartwatches every month including luxury cars at the end of the year. There are […]

Trade day forex 1-day demo contest – roboforex

Roboforex trade day forex weekly demo contest is an excellent chance for everyone to test their knowledge, acquire new skills, and earn the real prize, […]

Demo FX-trading contest – invest-AZ

Investaz presents demo FX-trading contest available for all contestants to participate in the competition. Take the challenge of the monthly demo contest & win one […]

Trading contest, 20 winners evey week – daxbase

Daxbase offers trading weekly contest with 20 winners each week of the competition. Be an active client of the company are automatically signed up for […]

Kingsize MT5 demo contest – roboforex

Roboforex‘s kingsize MT5 demo contest is an excellent chance for everyone to test their capabilities of the metatrader5 trading platform. Where the prize pool is […]

Kamikaze demo contest V7 – MFM securities

MFM securities DEMO CONTEST with 10 prizes for the 10 winners. Sign up with the company if you don’t have an active account already and […]

Forexcup trading contest – fxopen

Take part in the forex contest and get real money prizes and bonuses for live trading. Join forexcup trading contest by FXOPEN and find the […]

Win $1K instagram new year contest – octafx

Make a short video and win $1,000 to boost your goal – the video with the most interesting, ambitious, or even sweet video or a […]

Christmas and new year $2K prize – xtreamforex

Xtreamforex launches christmas and new year 2021 trade and ride live contest. Get extra rewards you for showing your trading skill and technique. Participate in […]

Samurai monthly live contest – tenkofx

Tenkofx arranged the way of the samurai monthly live contest – the competition is designed to develop self-discipline and control emotions. Participate in the samurai […]

Ctrader’s weekly demo contest – octafx

Participate ctrader weekly demo contest to win cash prizes, trade with the ctrader trading platform while chasing the $400 cash prize fund. Be a participant […]

Formula FX weekly contest, fund $40,500 – alpari

Alpari’s formula FX competition lasts for a week with a prize fund of USD 40,500 – the participant aims to maximize profit to win the […]

Forex live contests

IRONFX » LIVE TRADING COMPETITION 2021

Ospreyfx » christmas contest, win $1K

Promax » #$50K winner champion contest

Octafx » #live contest for $50 deposit, win 16 car & more prizes

Triumphfx » #live trading competition 2020

Traders trust » #LIVE TRADING COMPETITION, $10K

Cabana capitals » #change game contest big prizes

Justforex » #stayhome trading contest 2020

Justforex » new year trading contest 2020

FXTM » live contest, $70K fund, iphone & more

Forex4you » trading hero, live contest

Forex live contests and competitions

A comprehensive guide to forex live contests

You can earn money on the FX market in various ways, one of which is through the forex live contests. A forex live contest is a contest hosted by an online broker for traders to participate and win real money.

In this post, we will walk you through the benefits of forex live contest, how to win in a contest, and much more. Before you participate in a live contest, ensure you first participate in a demo contest to learn how a forex contest works. When you have garnered enough experience, you can then join a real contest to win monetary rewards. The contest usually holds daily, weekly, or monthly.

Benefits of the forex live contests?

Aside from placing ordinary trades, a forex live contest allows you to win real money or prizes. When you win in a competition, your morale to continue trading will increase, and you will also share from other traders’ experience.

What’s more? Participating in a forex live contest will also improve your trading confidence for more excellent opportunities. Lastly, it is a great opportunity to carry out a self-assessment of your trading skills.

How to win a forex live contest?

No hard and fast rule applies to winning a forex live contest. For you to win in this contest, follow these simple instructions, and hopefully, you would be announced as the winner of the contest:

Read the contest’s rules and regulations very carefully – from beginning to end.

Follow the market trend or news trends because they influence the market.

Join contests that are easier for you.

Consider the financial regulations of your broker.

Find out if there is any deposit to be made.

Ensure you have sufficient funds to participate in the contest.

Provide only genuine documents or information, as your broker may disqualify you if they suspect incorrect information.

Picking the right forex broker

The forex broker you choose can make or mar your chances of winning in a contest. Therefore, before you participate in any forex live contest, ensure you find out whether or not the prizes promised by the broker will be redeemed. Your winnings may be at risk if you choose a broker that is not reputable.

Slow and steady wins the contest

If you go into the contest unprepared, the chances are that you may crash out a few hours after starting the competition.

The best way to win in a contest of this nature is to maintain a slow and steady pace and not be involved in risky moves. Therefore, start your contest slowly and walk your way up while taking only calculated risks.

Final thoughts

Okay. That’s it. Overall, forex live contests present an excellent opportunity to double or even triple your money. However, it comes with its own risks. One of the apparent risks is that you may lose your hard-earned money to other traders or those you are in the contest with.

Let us emphasize at this point that on no account should you participate in this type of contest with the money you cannot afford to lose. Doing so means risking your happiness.

Is this guide helpful? Let us know in the comment section below.

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.

Flexible forex demo contests for newbie traders in 2021

What is forex demo contest?

We know that the forex contest is a challenge like a tournament. But there are two types of contests available in the forex. These are 1.Forex live contest and 2. Forex demo contest. In a live forex contest clients has to invest real money. But in a demo contest, traders don’t need to invest from their own pockets. Brokers will provide a fixed amount of money to every participant for participating in the contest.

The forex demo contest is a great opportunity for a newbie trader to test his/her trading capability. This type of contest is the opposite type of live forex contest. And also there is a very good chance to win a real trading prize money or cash. The most important thing is, you can win a prize without having risk. Sometimes pro traders also taking apart into these contests while there will be big prize money. Some of the experienced traders are telling that, if a newbie trader can win a demo contest than, he/she can be a good forex trader in real trading.

Some basic rules of forex demo contest: each demo contest has different rules, but few rules are common in each contest. There are some basic rules for the forex demo contest. You may check here below.

The broker will specify the competition rules.

Participants start the competition with the same balance.

Most of the broker doesn’t allow multiple accounts from a single IP.

Multiple accounts are not allowed by the brokers in demo competitions.

Most of the broker make rules that, after joining the contest clients can’t withdraw themselves from the competition.

Most of the brokers are providing winning prize money as real trading money. Which is able to trade in real forex trading. But some brokers are providing prize money for withdrawing.

Countingpips

Introduction

Forex market has become a place of huge competition these days and thousands of forex brokers are available throughout the world. Choosing the best broker for forex is as hard as choosing the right trades from the market nowadays. Even the thinking of choosing best broker for forex trading can certainly give you hard times. This is a quite overwhelming task and it requires patience, research, and knowledge about forex brokers reviews to find out the best broker for forex trading. Therefore, you should know some things to choose best broker for forex trading and those are given below:

Transaction and initial investment amount

Transaction costs play an important role in forex trading and so is the amount of the initial investment. Despite of your kind of currency trading, transaction cost will always be the prior subject of your trading. Whenever you will enter into a trade, you will need to pay for the spread of the trade. This is why you should always look for the most cheapest and affordable rates of the spreads so that you can make more money from it. Even you may have to sacrifice low transaction costs to get a reliable broker sometimes. Do your own research and find out what type of spreads you will need for your type of trading and then review your options with the transaction costs. You will then easily find the best forex broker for forex trading.

Security and risk management system

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A sign of the best forex broker is a high level of security with a perfect risk management system. This is the characteristic you should look in a forex broker before choosing one for you. Because you just can’t hand over your savings or earning to a fraud or illegal broker. Therefore, you need to find about all the high leverage forex brokers of the world and review their security system on the first place. You need to choose the one with the best level of security and then also need to check their risk management system as well. Because risk management system plays an integral part to reduce your losses in the forex market and prohibit from getting insolvent. So, finding a broker with high level of security with proper risk management system should do the necessary help to find the best forex broker for yourself.

Deposition and withdrawal process

Best forex broker will always allow you to deposit and withdraw your money anytime you want. Best broker for forex won’t impose any time limit for deposition and withdrawal of money in forex trading. You can deposit funds and withdraw your earnings without any hassle from the best broker for forex trading. They don’t have any right to make things hard for you in deposition and withdrawal process. If any forex broker holds your money willingly, they surely do facilitate from your trading money. You should never choose this type of forex broker. You should never face hard times withdrawing your hard-earned money. Rather you need to be able to withdraw them anytime you want. Therefore, best broker for forex will surely keep things easy, speedy, and smooth for their clients.

Trading platform

Whenever you decide to do online trading, you will require a trading platform on the first place. Without a trading platform, you can’t start trading with your forex broker. This is why every forex broker provide their own trading platform to make things easy for their clients. Sometimes, they even allow popular third-party trading platform for their clients like MT4. So, you should look for a forex broker with a stable and user-friendly trading platform. Only then, you will be able to get the best broker for forex trading.

Trading execution

Trading execution is the most important characteristic of a forex broker. Without proper experience and reputation of trading execution, you can’t put your earnings as an investment for forex trading. To execute trading precisely, a forex broker needs to fill you with the best trades for the best available prices. Pips can influence the prices of the trades and therefore your forex broker needs to know how to deal with the pips as well. Only then, your chance of winning certain traders will increase and the possibility to earn money will increase as well. So, this is what you should also check while finding yourself best broker for forex.

Customer care service

No brokers of this world is perfect and precise. They will make mistakes and you will incur losses sometimes. But whenever you face a problem or issue, you will need a helping hand to get out of it. And it is the job and responsibility of your broker to provide you that. This is why the best broker for forex trading possess customer care service so that they can help their clients whenever they need any help. Customer care service should be available for 24/7 because you never know when you will in need of a help or solution.

You need to keep all the above-mentioned points in your focus while reviewing all the high leverage forex brokers. If you find any forex broker who can provide all these services and meet your preferences as well, then choose it as your forex broker and start your trading journey with them without any delay.

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