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 effective 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
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:
- 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 objective 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.
- Forex contests 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:
The Forex and CFD broker Forex4you is organizing a trading competition of one month in celebration of its ninth anniversary, which will be carried out between the months of May and June of 2016. It is a tournament for real accounts which offers cash prizes to the best traders. The total prize fund of the contest is $5000 USD which will be divided into 4 categories, which are detailed below. Through this tournament, traders can evaluate their strategies and skills and get
Continue reading Trading Competition of Forex4you broker for its ninth anniversary
The Forex and CFD broker HotForex (a regulated company) is organizing a trading competition for all customers (new and existing) which offers cash prizes for the first 6 places (the prize fund is 80,000 USD). It is a contest for live accounts that reward traders who obtain the best performance during the competition, which will take place during the first three months of 2016.
-Registration period: Traders interested in participating must register during the period from
Continue reading Trading competition “Currency Wars” of HotForex
From September to November 2015, the Forex broker HotForex is organizing a trading competition for real accounts, called Fast and Glorious, which offers cash prizes of up to 4,000 USD to the winners. This competition has a total prize fund of 10000 USD which will be divided between the first 6 places.
-Registration period: August 19 to 20 November 2015.
-Competition period: September 1 to November 20, 2015.
Continue reading Trading competition “Fast and Glorious”of HotForex
The Forex and CFD broker HotForex is organizing a new trading competition for real accounts which offers great prizes for the top four places. This competition, called VIP 2015, has a total prize fund of $10,000 USD which will be divided among the winners. The duration of the contest will be around three months, which provides good opportunities for experienced traders who have profitable strategies in the medium to long term.
-Registry period: The traders
Continue reading Trading Competition VIP 2015 of HotForex
The Forex broker IronFX Global (regulated by agencies such as the FCA of United Kingdom and CySEC of Cyprus) is organizing one of the major trading competition so far, in which participants will have the opportunity to compete for 2 tickets to Monaco Grand Prix, a cash prize of $ 100000 or a ECN/STP account with $150,000. The main prize is two tickets to attend the Grand Prix of Monaco and watch the race from the yacht of IronFX Global.
Trading Competition IronFX Monaco Super Race
The company HotForex, a broker specialized in Forex, CFD and commodities, has created a trading competition for demo accounts which will be held in early 2015. This contest will offer cash prizes for the winners (the top 10 traders). This trading contest is called Free-For-All Holiday Tournament and offers $8500 USD in cash prizes and different gifts for the best traders. Since it is a contest for demo accounts there is no risk for the participant.
Continue reading HotForex offers trading contest for demo accounts called Free-For-All Holiday Tournament
Each month, the CFD and Forex broker IronFX organizes a monthly competition for demo trading accounts, which offers prizes for the top places. Because it is a contest for demo accounts, there is no risk to the participant who has the opportunity to practice their trading strategies, evaluate the services of the broker and make money in the process.
Trading contest for demo accounts of IronFX
The Forex broker IronFX (regulated by bodies such as the FCA of UK) is organizing which is probably the most interestin trading competition so far, in which participants will have the opportunity to compete for a place aboard a true flight space. The prize is a suborbital space flight with Virgin Galactic which will allow the winner to become the first trader in history to trade among the stars.
-Registration period: September 1, 2014 until December 31,
Continue reading Intergalactic Trading Competition of IronFX
The Forex and CFD broker HotForex is organizing a trading competition for all clients which offers exciting prizes for the top 4 places. The awards consist of a Rolex Submariner with a value of $10,000 and $3,500 in cash prizes. Prizes for the winners will be distributed as follows:
First Place: Rolex Submariner. Second Place: $2000. Third Place: $1000. Fourth Place: $500.
Continue reading Rolex Time Trader Trading Competition of HotForex