Forex Demo contests are getting more and more popular these days. This is one of the ways of Forex Brokers to attract new clients. A lot of well known Forex Brokers are offering this kind of promotion and OctaFX is one of them, so if you are looking for a free monthly Forex Demo Contest, then OctaFX is here.
OctaFX offers a demo contest for traders who want to improve their trading skills and strategies and want to win real money prize at the same time. With a demo contest account, you'll trade risk free while trading in real market conditions. Read below to learn more about the contest.
- The Contest duration is 1 month from the start date to the finish date.
- During the registration period anyone can register for the Contest.
Contest prizes:
1st place gets 500 USD
2nd place gets 300 USD
3rd place gets 100 USD
2nd place gets 300 USD
3rd place gets 100 USD
The last place gets another 100 USD
Contest Terms and Conditions
- Contestant must be at least 18 years old. Minors are not allowed to participate.
- Each contestant must provide real data during the registration. Providing fake data will result in disqualification from the Contest.
- ANY KIND of IP match will be subject to disqualification.
- Arbitrage trading or any other abuse with pricing or quotes will be subject to disqualification.
- OctaFX reserves the right to reject or disqualify any participant without explaining the reason.
- Reasons for disqualification may include opening big volume opposite orders with the same currency pairs in different trading accounts at approximately the same time, as well as the usage of failures in the quote flow for getting guaranteed profit, or any other kinds of cheating.
- Starting balance is 1,000 USD and
leverage is 1:500.
leverage is 1:500.
- Minimum volume is 0.10 lot and maximum volume is not limited.
- All trading techniques or EAs are allowed.
- On the contest finish date all the open orders will be automatically closed at the current market rate.
Determination of winners
- The participant with the highest balance wins the contest.
- Winners' names will be published in the Company news.
- The prize is paid into the client's real account at OctaFX and can be withdrawn without restrictions.
- In case two or more contest winners have equal balances in the end of the contest, they will share the prize equally.
- A participant can win (first, second or third prize) only once. If he/she wins again, only 10% of the prize will be paid.
- In case the prize funds are used for real trading, the withdrawal limit is 300% of the prize funds (including both the prize funds and profit).
- OctaFX reserves the right to declare any prize already given invalid and subject to cancellation upon direct or indirect evidence of attempted fraudulent operations with the prize funds.
Join the contest now and get chance to win up to $500, fully withdrawable.
Link to OctaFX Demo Contest
tag: free forex monthly demo contest
eToro is popular but they don't offer a demo contest.
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