As a proponent for making with online trading, I am always on the lookout for reputable and credible forex brokers that actually offer traders the chance to make money trading, irrespective of whether you trade forex or commodities or metals.
RoboForex Demo contest is a great way for traders who have been casually trading (and is equally attractive for beginner traders) to participate in a demo forex contest and win cash prizes.
If you have been dabbling at trading online for a while, then no better way than to put your skills to test. The demo contest from RoboForex runs on a monthly basis. Below are the conditions and criteria for the RoboForex demo trading contest.
- The latest upcoming RoboForex demo contest starts on Monday, 29th October 2012 and ends on Friday, 30th November, 2012.
- You trade using virtual funds with the initial deposit of $100,000 in virtual funds is added to your demo trading account. Your account leverage is set to 1:100.
- The prize money is $3000 every month distributed to the top 10 winners with annual results as well that is $50,000.
- The winning cash prize is credited to your live trading account. You are free to withdraw these funds or use them for trading.
RoboForex Demo Contest – Prize Pool Distribution
| Place | Prize Money |
| 1 | 700 USD |
| 2 | 550 USD |
| 3 | 420 USD |
| 4 | 350 USD |
| 5 | 290 USD |
| 6 | 240 USD |
| 7 | 180 USD |
| 8 | 130 USD |
| 9 | 90 USD |
| 10 | 50 USD |
How to register to RoboForex Demo Contest
To register for the RoboForex Demo Contest, click this link and create your new demo account. You can click either the ‘For Registered Clients’ button or ‘For new Clients’ button and proceed with creating your account.
Important Note: When you register for this contest, make sure that you do not trade before the contest time, which is Monday, 29th October 2012, 00:00 (GMT +2). Doing so will disqualify your account automatically. You can register up to 2 days ahead of the contest. You are allowed to have only one trading account. That is, you cannot create multiple demo accounts.
RoboForex Demo Trading Contest – More Details
All participants in the demo trading contest for RoboForex are rated every hour. You canclick on this link to follow up on your position. Alternatively, you can enter your account number and search for your ranking in the contest.
Contest Drawback: The only drawback of the RoboForex demo contest is that metals trading is not available, let alone spot silver. The only available instruments to trade with the demo trading account under the contest are currency pairs. However, let that not be a deterrent as forex/currency trading operates on the same line as that of precious metals trading.
The point i’m trying to make here is to give this demo contest a try. If nothing, you will at least gain some trading experience and who knows, you might actually end up being in the top 10 spots and winning some cash prizes.
Either ways, click here to open your RoboForex Demo account and participate in the contest. http://www.roboforex.com/operations/forex-contest/
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