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Trading Contests

 

 

concursos de Forex trading

 

What are the trading contests?

The trading contests are a tool implemented by some brokers, including Forex brokers, to attract new traders and encourage existing customers to trade more constantly. The competition that exists in the sector between dozens of these companies has made that some brokers develop new strategies to attract potential investors. In this ways these contests are a very efective promotional tool.  Basically, these are competitions among  traders interested in the Forex market and/or other financial markets where the competitor who gets more profits in a given period of time becomes the winner of an award that may be of various types:

  • A cash prize credited to the trader´s account if the competitor have an account with the broker that organizes the contest. If the trader does not have an account, the company will open one immediately and the trader can use the money earned to trader in the market or can retire it if desired. In some cases, the broker gives the competitor the option to withdraw the prize won directly without having to open an account. These are competitions organized for both demo account and real trading account users.
  • A real account with a certain amount of money deposited in it. These are contests created for potential customers who have opened a demo practice account with the broker.
  • The possibility to manage a real account from the broker that organizes the contest that in some cases can be up to $50000
  • Others.
Depending on the broker, the rewards can be quite attractive so these contests offer an opportunity that cannot to be missed. Among the trading contests organized by Forex brokers there are two basic types:
  1. Forex Contests for customers with a real trading account: These contests are organized for traders who have a real trading account with the broker, and their objetive is  to encourage these investors to perform trades regularly in order to win prizes in cash. These competitions can last from 1 week to several months and in most cases the customer do not need to pay to register, but at least he must have a trading account with funds.
  2. Forex contets for customers with a demo account:: These are contests to attract new customers and are made for those traders who open a demo account with the company. Usually the prize for first place is the opening of an account with a certain amount of money deposited or the administration of a managed account. It is an excellent option for those traders who want to test the trading platform of a particular broker before investing real money. These competitions allows to practice and gives the opportunity to win prizes.

 

The following is a list with the major Forex trading contests:

 

List of the main trading contest

ContestBrokerType of accountDescriptionAditional Information
Full ThrottleAlpariReal Account
  • Duration of each round: 2 weeks.
  • Minimum deposit: 70 euros or 100 USD.
  • Prizes for the top 10 places.
  • Annual prize funds: 4650 USD.
Full Review
Investor´s CompassAlpariDemo account
  • Duration of each round: 11 weeks.
  • Virtual funds: 100 000 virtual euros/US dollars.
  • Prizes for first 5 places.
  • Annual prize funds:  2600 USD.
Full Review
Formula FXAlpariReal Account
  • Duration of each round: 1 week.
  • Minimum deposit: 20 euros or 30 US dollars.
  • Prizes for first 5 places.
  • Annual prize funds:  38400 USD.
Full Review
JackpotAlpariReal Account
  • Duration of each round: 11 weeks.
  • Minimum deposit: 400 euros or 500 US dollars.
  • Prizes for first 25 places.
  • Annual prize funds:  210 000 USD.
Full Review
Virtual RealityAlpariDemo account
  • Duration of each round: 11 weeks.
  • Virtual funds: 100 000 virtual US dollars.
  • Prizes for first 15 places.
  • Annual prize funds:  35260 USD.
Full Review
eToro contesteToroDemo account
  • Duration of each round: 1 week.
  • Virtual funds: 10000 virtual US dollars.
  • Prizes for first 100 places (the winner receives $1000). The money can only be used to trade in the market.
  • Anual prize funds: 20000 USD.
  • Each client who has a demo account with eToro can participate in the contest.
Full Review
ForexballAdmiral MarketsDemo account
  • Duration of each round: 1 week.
  • Virtual funds: 5000 virtual US dollars.
  • Prizes for first 5 places.
  • Anual prize funds: 50000 USD.
  • In the final round, el prize for the winner is 5000 USD.
Full Review
 

 

Forex Masters Contest

 

DeltastockDemo account
  • Duration of each round: 1 month.
  • Virtual funds: 5000 virtual dollars.
  • Prizes for first 10 places.
  • Annual prize funds: 50000 USD.
  • The prize is a bonus of 50%-100% over the amount deposited by the trader in their account.
Full Review
Roboforex contestRoboforexDemo account
  • Duration of each round: 1 month.
  • Virtual funds: 100000 virtual dollars.
  • Prizes for first 10 places.
  • Annual prize funds: 39000 USD. For the winner of each round the prize is 3000 USD.
Full Review
Award for the best trader of the month of HotforexHotforexReal Account
  • Duration of each round: 1 month.
  • Minimum deposit: No minimum deposit.
  • The prize is for the first place.
  • Annual prize funds: 12000 USD.
  • This contest is open to all custumers of Hotforex with a real trading account. The winner is the trader who has the best performance of each month. The prize for the winner is $1000.
Full Review
Trading contest for demo accounts of HotforexHotforexDemo Account
  • Duration of each round: 1 month.
  • Virtual funds: 100 000 virtual dollars.
  • Prizes for first 3 places.
  • Monthly prize funds: 3500 USD.
  • The First place receives $2000, second place receives $1000 and the third receives $500.
Full Review
999 demo contestFBSDemo account
  • Duration of each round: 1 month.
  • Virtual funds: 9999 virtual dollars.
  • Prizes for first 3 places.
  • The Expert Advisers are allowed.
  • Annual prize funds: 3500 USD.
  • For the winner of each round the prize is 555 USD.
Full review
FBS Green DriveFBSReal Account
  • Duration of each round: 5 months.
  • Minimum deposit: 499 USD.
  • Prizes for first 3 places.
  • The Expert Advisors are allowed.
  • The first place of the contest will win a Honda Inside Hybrid.
Full Review
King of the MicroFXCMReal Account
  • Duration of each round: 1 month.
  • Minimum deposit: 500 USD.
  • Prizes for first 3 places
  • Annual prize funds $4000 USD.
  • All Micro acounts of FXCM with a minimum capital of $500
  • Todas las cuentas micro de FXCM con un capital mínimo de $500 are automatically enrolled in the contest.
FXCM Website
Trading contest of ACFXACFXDemo account
  • Duration of each round: 2 weeks.
  • Virtual funds: 5000 virtual dollars.
  • Prizes for first 3 places (the winners receive $2000). The money can only be used to trade in the market.
  • Annual prize funds: 3500 USD.
  • Each client who have a demo account with ACFX can participate in the contest.
ACFX website
Trading contest of NordFXNordfxDemo account
  • Duration of each round: 2 weeks.
  • Virtual funds: 5000 virtual US dollars.
  • Prizes for first 10 places (the winner receives $1000). The money can be used to trade in the market or can be withdrawn.
  • Montly prize funds: 3000 USD.
  • Each client who has a demo account with NordFX can participate in the contest.
Full Review
Trading contests of WorldForexTourVarious brokersDemo account
  • Duration of each round: Variable.
  • Virtual funds: Variable.
  • Prizes for first 10 places, but in general that depends of the trading contest.
  • Annual prize funds: Variable, it depends on the contest.
  • There are a lot of trading competitions of various types, including customized contests.
Full Review
Traders RaceEmpireoptionReal account
  • Trading contest for binary options traders.
  • Prizes for first 10 places.
  • The suscription is free, any trader can participate.
  • $250 prize for the first place.
Full Review