Below is a list of the best and current forex demo account contests.
Virtual to Real Demo Competition
Top Prize: US$2000
Prize Fund: US$3500
Available for: Everyone
Validity Date: Ongoing Monthly
Number Of Prizes: 3
|Join HFM Virtual To Real Contest|
Bimonthly Demo Contest, Cash Prizes
Top Prize: US$450
Available For: Everyone
Validity Date: Ongoing (twice a month)
Number of prizes: 5
InstaForex Sniper Demo Contest
Top Prize: US$500
Prize Fund: US$1 500
Available For: Instaforex Clients
Validity Date: Ongoing (weekly)
Number of prizes: 5
|Join Instaforex Sniper Contest|
Superforex Gold Rush Contest
Top Prize: US$100
Prize Fund: US$180
Available For: New and existing clients
Validity Date: Ongoing (weekly)
Number of prizes: 3
|Join Superforex Gold Rush Contest|
What Is A Forex Demo Account Contest?
A forex demo account contest is a free competition that is held on demo accounts but with winners getting real cash prizes.
The winner of a forex demo account contest is the one with the biggest balance at the end of the contest.
In essence, forex demo account competitions are a risk-free way to try your trading skills and strategy while competing for real prizes!
The brokers that offer these demo contests will have a leaderboard that shows the current performance of each trader in the contest.
How Can You Sign Up For A Forex Demo Contest?
These free forex demo contests are available to anyone who signs up with the brokers and opens a demo account specifically for the contest. There is no need to deposit anything, just sign up and join the contest.
Which Are The Best Forex Demo Contests?
Below are the latest and current forex demo contests.
The ‘Virtual to Real' Demo Contest by HFM (formerly Hotforex) is a monthly contest held on demo accounts. The contest is held every month from the first to the last day of the month.
How Do You Participate In The HFM Virtual to Real Demo Contest?
To participate in the contest you must simply register an account for the contest with Hfm. You will then get your login details for the account and you can then participate in the contest.
The account will automatically close at the end of the contest.
What Are The Conditions Of The HFMVirtual to Real Demo Contest?
The leverage for the demo account is fixed at 1:200 and there is an initial balance of US$10 000. You will not get any balance top-up during the contest. If you blow your account then you are out of the competition.
All the prizes are credited to a live HFM account and you can then withdraw profits from trades taken using the profits.
What Are The Prizes Of The HFM Virtual to Real Demo Contest?
The traders with the largest gains after the monthly trading rounds are given prizes as stated below:
- 1st Prize 2,000 USD
- 2nd Prize 1,000 USD
- 3rd Prize 500 USD
This is the best paying of the forex demo contests listed here.Learn more about the Hotforex ‘Virtual To Real' Demo contest here.
You can also read the full HFM broker review here.
The FBS League is a demo contest held twice a month. The contest is for traders who want to unlock their trading potential and earn real funds at the same time. The competition is open to both beginners and expert traders.
The contest is held on MT5.
How Do You Participate In The FBS League Contest?
Sign up for a demo account for the contest here. You will need to submit documents for account verification to participate. You can enter the current match any time you wish and trade for the best results.
It is advisable to start as soon as a match starts so that you have a longer trading period and you increase your chances of making more profit.
There are two ways to participate in the contest. You can choose whether you want to hit the top 5 as a solo player or as part of a team of 3 to 5 traders. Or you can be both and get rewards for two matches!
This makes it one of the best forex demo contests around.Register For The FBS League
What Are The Conditions Of The FBS League Contest?
You will get an account with US$10 000 and a leverage of 1:100. You can use the same account for upcoming matches. Every other week at the beginning of a new match, the balance goes back to 10,000 USD.
What Are The Prizes Of The FBS League Contest
|The prizes for solo players are as follows:||The prizes for team players are as follows:|
|1st Prize $450||1st Prize $900|
|2nd Prize $250||2nd Prize $600|
|3rd Prize $150||3rd Prize $300|
|4th Prize $100||4th Prize $150|
|5th Prize $50||5th Prize $150|
The prizes of the contest are instantly withdrawable as soon as the contest ends. You can withdraw using a variety of payment methods including Perfect Money, and Visa.
In a team, all the players get proportional monetary rewards. For example, the reward for 1st place is $900. A team of three will get $300 each.
You can read the full FBS broker review here.
This is a weekly forex contest that is held from Monday to Friday.
How To Register For The InstaForex Sniper Demo Contest
Anyone with an InstaForex account can participate in the demo account contest. You can open your account here. You can register for the next weekly contest during the week preceding it. Registration finishes 1 (one) hour before the Contest starts.
Conditions Of The InstaForex Sniper Demo Contest
Participants start the contest on demo accounts with a $10 000 virtual balance. The leverage is 1:500, the minimum trade volume is 0.01, and the maximum is 1 lot.
The maximum number of open trades at any time is 5. The prize funds will be credited to a verified live trading account opened by the winner. The prizes cannot be withdrawn, but any profit made over the prize amount can be withdrawn without any limits.
In order to obtain a prize, each winner shall fulfil the following requirement: at least 5% of the total profit has to be derived from trading results on GBPUSD and 5% of the total profit from trading results on GBPJPY.
Prizes Of The InstaForex Sniper Demo Contest
- 1st place – $500
- 2nd place – $400
- 3rd place – $300
- 4th place – $250
- 5th place – $100
Instaforex has a number of forex demo account contests. You can see the rest of the forex demo contests here.
The Gold Rush demo contest by Superforex is held every three weeks. The prizes for the winners are as follows
- 1st Prize 100 USD
- 2nd Prize 50 USD
- 3rd Prize 30 USD
Learn more about the Gold rush contest here.
Conclusion On The Best Forex Demo Contests
Demo contests are a great way for you to sharpen your skills while standing a chance to win real prizes. They are a bit like no deposit bonuses.
Most traders do well on demo accounts but they tend to lose when they switch to real accounts. The problem is that of managing emotions and it is one of the risks of forex trading.
Demo contests come with no emotions and you can capitalise on that. You can also test-drive new trading strategies using these demo forex contests.
Do you have other demo contests that you know of? Have you participated in a demo contest before?
Leave your comments below.
Top Forex Brokers For You