Demo account competition with cash prizes?

[hatemypips]

Hi folks,
I'm looking for competition on trading simulators with cash prizes or something you can trading/withdraw. Instant execution is a must . Preferably Fx or stocks. Would be good if it's recurrent and without hidden sophisticated conditions.

 

[bigmistake]

What kind of contest are you looking for? Virtual or real?

 

[ph_trader]

I cant speak for all brokers, depending on your location, but if its an offshore broker, might want to have a look at hotforex, they do offer good contests, might work for you.

 

[WalletInvestor]

I don't know details as I haven't participated in such contests before but I've heard InstaForex regularly has demo trading contests.

 

[hatemypips]

I cant speak for all brokers, depending on your location, but if its an offshore broker, might want to have a look at hotforex, they do offer good contests, might work for you.

More info please? Any "fine print" conditions?

 

[Kevin FD]

this kind of competition is very supportive for the new level of traders , but in practical i found very rare which platforms provide real cash prize.

 

[Pat494]

Demo competitions in my view can encourage one's bad practices, like over betting.

 

[Kevin FD]

Demo competitions in my view can encourage one's bad practices, like over betting.

i just 100% agree with you , because the traders we have above all newcomers dont willing to trade in there at all but this approach really can encourage them honestly

 

[hatemypips]

Sometimes brokers really arrange contests on a demo account, and they are really very good, and due to the fact that this is a demo account, and not a real account, many try their hand there.

Yeah but they offer prizes like money to real account or cash payouts. I really like the idea that you can make some money combined with instant execution.

 

[Kevin FD]

yes its true , there is a chance , but sometimes i have seen some brokers doesn't provide the real prize money that already they announced. its not good.

 

[Henow1969]

Demo contests are good to do some practice and can be helpful to get some experience before investing real money.

 

[hatemypips]

I spent half a year on demo before moving on live trading and it helped me a lot especially in testing trading systems, making sure they will sustain transaction costs on live.

 

[HeavLeighGill]

It’s probably best to use Google to find demo contests, as some brokers offer them seasonally or like every three months or so. Be sure to read the terms & conditions before participating so you don’t get blindsided by any hidden terms if you win.