The Forex and CFD broker HotForex offers a contest for demo accounts called Virtual to Real Demo Contest which offers cash prizes for the winners. Due to the fact that it is a competition for demo accounts there is no risk for participants, but the cash prizes are real. In addition, through this competition the broker’s customers can improve their ability to analyse and trade in the market without risking a single dollar in the process.
-Contest period: This trading contest is held every month and each round has duration of 1 month.
Competition rules and details
- All new and existing HotForex customers can participate in this competition.
- The duration of each round of the competition is 1 month. The contest begins on the first day of each month and ends on the last day of the month.
- This contest offer prizes for the top three places.
- Each participant receives a virtual fund of $10000.
- Each trader can participate with just one demo account.
- The trader can participate in every contest round that he want.
- The total prize fund for each round is $3500 USD.
- The awards are held in a real account of HotForex.
- Leverage for the contest is fixed (1:200).
- All demo accounts are deleted when the contest period expires.
- Winners are the traders who get the most profit in each round.
- Performance of the top 10 traders will be published in HotForex website each day.
- The prizes for the top three places are:
- First Place: $2000.
- Second Place:$1000.
- Third Place: $500.
- Prizes will be credited in a live trading account.
- The formula to determine the first 3 places for each contest period is the following:Gain = ((Ending Balance – Beginning Balance)/Beginning Balance) * 100.
You can obtain more information on this competition and register for free through the website of HotForex:
Note: To participate in this competition the person must register in the page of the contest which can be accessed in the website of HotForex through the “Promotions” section.