Demo account competition with cash prizes?

hatemypips

Established member
689 59
Hi folks,
I'm looking for competition on trading simulators with cash prizes or something you can trading/withdraw. Instant execution is a must :D. Preferably Fx or stocks. Would be good if it's recurrent and without hidden sophisticated conditions.
 

ph_trader

Well-known member
426 6
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

Member
97 29
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

Established member
689 59
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

Active member
124 11
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

Legendary member
14,621 1,578
Demo competitions in my view can encourage one's bad practices, like over betting.
 

Kevin FD

Active member
124 11
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

Established member
689 59
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

Active member
124 11
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

Well-known member
284 34
Demo contests are good to do some practice and can be helpful to get some experience before investing real money.
 

hatemypips

Established member
689 59
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

Member
87 21
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.
 
 
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