The Forex broker OctaFX (an ECN FX broker) offers a weekly trading competition for demo accounts using cTrader trading platform. It is a contest offering cash prizes to the top 5 places, ie the 5 traders that have the best performance for the duration of the competition. Because it is a competition for demo accounts, participants do not risk their money at any time and have the chance to practice their trading strategies and make money in the process.
-Duration of the competition: At the moment, competition takes place during every week and is valid for 2015 and 2016 or until OctaFX says otherwise.
Trading Contest Conditions
- The duration of each competition round is one week.
- Registration for the contest will be announced a week before the start. During the registration period anyone can enter the competition.
- Each participant gets a demo account with the following conditions:
- Account type – like OctaFX ECN accounts.
- Trading instruments – like OctaFX ECN accounts.
- Initial deposit – 1,000 USD
- Leverage – 1: 500
- Minimum volume – 0.1 lots, the maximum volume is not limited.
- All trading strategies and EA are accepted.
- Participants with the highest balance at the end of the competition will be the winners.
- The updated statistics of the contest are published on the website of the company.
- Prizes are deposited in the real account of the winners and can be withdrawn.
The competition prizes are:
- First place: 150 USD.
- Second place: 100 USD.
- Third place: 75 USD.
- Fourth place: 50 USD.
- Fifth place: 25 USD.
How to participate in the competition?
If you are interested in more information about the trading competition for demo accounts of OctaFX broker and open an account to participate at no cost, you can enter the website of the company through the following link: