Forex contests can be a means for traders to test their trading skills in the 2022 forex contest competition.
Apart from testing trading skills, the forex contest also provides prizes for the winners, this is one of the reasons forex traders join the forex contest competition.
The amount of the prize depends on the policy of the contest organizer in this case the forex broker. All traders are welcome to join the contest, but only qualified winners will get prizes.
Contents
Forex Contest Explained
A forex contest is an event where traders compete with one another to become the best trader who manages to collect the highest profit.
Forex Contest has a predetermined time duration, for example, one week, one month, two months, or even a year. The company organizing this event determines the duration and rules associated with the contest.
Any participant who violates the contest rules will usually be disqualified so that they are not entitled to a prize even though the profit during the contest may get the highest profit.
Forex contest weekly
A weekly Forex contest is a contest that is held once a week. This weekly contest can be a forex scalping contest or guess the price on a particular currency.
A weekly Forex contest is usually to join participants who can register before the contest starts. And registration may close at a predetermined time.
The guessing price contest, for example, is to guess the EURUSD price after the terminal time with the guessing deadline on Friday before the market closes.
One guesser and the other must have a guess price difference of at least 5 pips, and the winner is the most accurate guesser or the one closest to the market closing price.
Why Forex Contest?
Brokers hold a forex contest aimed at attracting traders’ interest in the forex business. And it is possible to increase clients because traders who are interested in their contests need to register with the broker.
For traders, forex contests can be a means of learning to trade while competing with other participants. Participating in the forex contest will be more exciting because the contest prizes attract traders. Unlike the regular practice demo without any emotions involved.
How to join a forex contest?
To join the forex contest, traders must follow the instructions that are the rules of the broker who organizes the contest.
The general rule that applies in the forex contest for participants is to register an account with the broker that organizes the contest.
How to join forex demo contest
In the demo contest, registering is free and there is don’t need for account verification. However, if you become a winner and are entitled to a prize, usually have to register for a real account and verify your account. The account is the address to receive the prize contest.
How to join forex live contest
In the live contest, this is a real account contest, so to join requires trading capital. Forex live contest participants are more experienced traders than newbie traders. Besides expecting profit trading, participants also expect to be winners to get prizes.
How to join forum forex contest
Price prediction contests are usually held on forex forums in their respective broker forums. In order to participate in this contest, one must register to become a member of the relevant forum, and in case of being a winner, one must register for an account with the respective broker where the prizes will be transferred to the trading account.
Forex Contest Pros and Cons
Forex contests have advantages and disadvantages, both demo trading contests and live accounts.
Pros
- In the forex contest demo, it can increase trading passion because of real money prizes.
- The live forex contest can make traders more careful because they don’t want to lose in a short time.
- Get a prize if you manage to become a winner.
- Traders can test the trading system and see the results against competitors.
Cons
- Must comply with binding contest rules.
- The forex contest can make traders become greedy because they want to immediately collect as much profit as possible to become a winner.
- Prizes are transferred to the trading account so they cannot be withdrawn immediately.
Forex contest demo account 2022
Forex contest demo is a trading competition on demo accounts. The initial capital in this competition is provided by the broker, but it is usually not less than $5000.
In the demo forex contest, all participants will get a special account number through the specified registration.
Demo contest rules usually participants may not register more than one account. And in trading, there are special rules that are determined by the broker, for example, the minimum number of lot sizes during the contest period. Or the minimum profit to get the prize.
Participants who do not qualify are not eligible for prizes.
Forex contest Demo Account list
OctaFX Champion demo contest
- Duration: 1 month.
- Registration: prior to contest start.
- Account type: OctaFX MT4 account.
- Leverage: 1:500.
- Initial deposit — 1,000 USD.
- Prize contest:
- 1st place gets 500 USD
- 2nd place gets 300 USD
- 3rd place gets 100 USD
- 4th place gets 60 USD
- 5th place gets 40 USD.
- Join the Contest.
VantageMakets Demo contest
- Duration: 1 month. 1 March 2022 until 31 March 2022.
- Registration: Closet already.
- Account type: Demo
- Leverage 1;500.
- Initial capital: 10.000USD.
- Prize contest:
- 1st place gets $2000
- 2nd place gets $1000
- 3rd place gets$500
- 4th place gets $100
- Link contest.
AccentForex master scalping contest
- Duration: 01, 2021 to May 22, 2022. divided into 10 stages
- Registration: Follow the website
- Account type: Demo.
- Leverage: 1:100.
- Initial capital: $5000.
- Prize contest:
- 1st place gets $1000
- 2nd place gets $500
- 3rd place gets $500
- Link contest.
Alpari virtual reality
- Duration: all year 2022.
- Account type: demo account.
- Leverage: 1:10
- Initial capital: 10.000 USD.
- Price contest:
- 1st place gets 250 USD
- 2nd place gets 200 USD
- 3rd place gets 150 USD
- 4th place gets 100 USD
- 5th place gets 90 USD
- 6th place gets 80 USD
- 7th place gets 70 USD
- 8th place gets 60 USD
- 9th place gets 50 USD
- 10th place gets 40 USD
- Link contest.
AM Markets Mocked Account Competition
- Duration: April 5, 2021 – February 15, 2022.
- Registration: finish.
- Account type: Demo. AM STD account.
- Leverage: 1:500.
- initial capital: 10.000 USD.
- Prize contest:
- 1st place gets up $5,000
- 2nd place gets $3000
- 3rd place gets $2000
- 4th place gets 3000 points
- 5th place gets 2500 points
- 6th place gets 2000 points
- 7th place gets 1500 points
- 8th place gets 1000 points
- 9th place gets 500 points
- 10th place gets 300 points
- Each number with 8 at the end of the ranking gets 100 points.
Dukascopy strategy contest
- Duration: regular monthly basis.
- Registration: 25th day of the previous month – 25th that month.
- Account type: Demo account.
- Leverage: 1:100.
- Initial deposit: 100.000 USD.
- Prize contest:
- 1st place gets $5000
- The 2nd-3rd place gets $2500
- The 4th-6th place gets $1000
- 7th-10th gets $500
- Link contest.
FBS League
- Duration: bimonthly, two-week contest period.
- Registration: next round 15 March 2022.
- Account type: demo.
- Leverage: No info.
- Initial capital: 10.000USD.
- Prize contest:
- 1st place gets $900
- 2nd place gets $600
- 3rd place gets $300
- The 4th-5th place gets $150
- Link contest.
Hotforex virtual to real
- Duration: Monthly, each round 1 month.
- Registration: in trading periods.
- Account type: Demo.
- Leverage: 1:200.
- Initial capital: 10.000USD.
- Prize contest:
- 1st place gets $2000
- 2nd place gets $1000
- 3rd place gets $500
- Link contest.
Gerchik & co forex contest on a demo account
- Duration: 03-01-2022 until 05-31-2022. 3 months.
- Registration: Open from December 1, 2021, – February 28, 2022.
- Account type: demo.
- Leverage: 1:100.
- Initial capital: 10.000 USD.
- Prize contest:
- Total 55000 USD
- The number of winners is 55.
- The prize each winner $1000
- Link contest.
Instaforex FX-1 Rally demo contest
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- Duration: weekly, contest period 1 day.
- Registration: last chance one hour before the contest starts.
- Account type: Demo.
- Leverage: 1:500.
- Initial capital: 40.000 USD.
- Prize contest:
- 1st place gets $500
- 2nd pace gets $400
- 3rd place gets $300
- 4th place gets $200
- 5th place gets $100
- Link contest
-
FXOpen Hit the range contest
- Duration: weekly, see the schedule.
- Registration: join the forum and predict the BTC price.
- Account type: n/a.
- Leverage: n/a.
- Initial capital: no.
- Prize contest:
- The prize fund of the drawing 10$ per day + Jack Pot (maximum 40$ to be credited)
- Link contest.
Forex live account contest list
FXOpen ForexCup Trading Championship 2022
- Duration: January 1, 2022 — December 31, 2022.
- Registration: all years.
- Account type: ECN account
- Leverage: depend on trader up to 1:500.
- Minimum deposit: $5000.
- Prize contest:
- 1st place $50.000 USD + crystal trophy
- 2nd and 3rd place gets crystal trophy.
- Link contest.
FXOpen new money manager contest
- Duration: January 3 — April 29, 2022.
- Registration: last 28 February 2022.
- Account type: ECN,STP,Crypto.
- Minimum deposit: Depending requirement to open a PAMM account(STP $200, ECN $1000, Crypto $1000).
- Leverage: not specified.
- Prize contest:
- 1st place gets $5000
- 2nd place gets $3000
- 3rd place gets $2000
- Link contest.
Amega Hero live contest
- Duration: 29 days
- Registration: over.
- Account type: micro.
- Minimum deposit:$10.
- Leverage: Not specified.
- Prize contest:
- 1st place gets $1000
- 2nd place gets $600
- 3rd place gets $400
- 4th place gets $300
- 5th place gets $200
- 6th, 7th, 8th, 9th get $100.
- Link contest.
Tickmill Trader of the month
- Duration: 1month, monthly.
- Registration: Create an account live, make a deposit and join the contest.
- Account type: live account, not specified.
- Minimum deposit: $500.
- Leverage: not specified.
- Prize contest:
- 1st place gets $1,000.
- Link Contest.
Dukascopy live trader contest
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- Duration: one week, weekly live contest.
- Registration: Open only one contest account live.
- Account type: live, not specified.
- Leverage: not specified.
- Minimum deposit: no minimum or maximum balance.
- Prize contest:
- 1st place gets $500
- 2nd place gets $250
- 3rd and 4th place gets $100
- 5th place gets $90
- 6th place gets $80
- 7th place gets $70
- 8th place gets $60
- 9th place gets $50
- 10 the place gets $40
- 11th place gets $30
- 12th-15th places get $20
- 13th-20th places gets$10
- Link contest.
Darwinia live contest
- Duration: 1 monthly.
- Registration: open all year 2022.
- Account type: live account.
- Leverage: not specified.
- Minimum deposit: not specified.
- Prize contest:
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- 10.0M € distributed to 150 DARWIN.
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- Link contest.
HotForex road to Paris trading contest
- Duration: 28 February 2022-22 April 2022.
- Registration: open a contest account and transfer at least $250/100.000 NGN/28.000 JPY.
- Account type: live.
- Leverage: 1:400.
- Minimum deposit: 250 USD.
- Prize contest:
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- Attend PSG training before PSG home game league
- 2 VIP seats for the same PSG home and stadium
- 2 Parc des Princes stadium tour ticket
- Ticket business class flight to Paris for 2 people and accommodation
- If Covid restrictions are in place, the winner gets 5000 USD cash in their wallet1st place gets:
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- 2nd, 3rd, 4th, 5th place gets 1000 USD.
- Link contest.
Resources
Bestforexbonus demo contest 2022.
Bestforexbonus live contest 2022
Final Thought
Forex contest 2022 organized by forex and CFD brokers can attract trading interest and participants strive to become contest winners.
Regardless of the pros and cons, risk warnings are always echoed, because the impact of forex trading may be that traders or investors lose money.
In the contest held, there may also be participants who face a problem and this information may be incomplete.
Note: This article is for informational purposes only and does not constitute investment advice, forex, CFD, crypto are risky assets. Each investor is responsible for their investment.
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