①Trade with Virtual Money in Demo trading account
②Earn Cash Prizes into your Live trading account
HotForex is giving away 3,500 USD in total, and every month to winners of the Demo Contest.
Trade for free and Risk-Free, and earn Cash Prizes by beating other participants.
The prizes are distributed every month, and there will be 3 winners on each round.
1st Prize – 2,000 USD
2nd Prize – 1,000 USD
3rd Prize – 500 USD
All Contest Prizes will be credited into your Live Trading Accounts, and can be used for trading.
By winning a Demo trading contest, you will earn the opportunity to get real Cash Money!
How to join the Demo Trading Contest
- Open a Demo account through the provided page
- Trade and make profits as much as you can
- Real Cash Money will be provided to the winners
*The Cash Prize itself is not available for withdrawal, but the profits made on the Cash Prizes can be withdrawn by meeting certain requirements specified below.
Terms and Conditions
- The trading contest will be held with only Demo trading accounts, thus there is no monetary risks involved
- The Cash Prizes distributed to each contests’ winners are not available for withdrawal
- The initial virtual deposit in the contest Demo account is 10,000 USD
- Only one Demo account per trader is able to join the Contest, and in case HotForex finds that you have registered several Demo accounts with different IP addresses or the same IP address, the broker will disqualify all relevant accounts from the contest
- The leverage is fixed to 1:200 for all Contest accounts
- After the each contest, all Demo trading accounts will be disabled automatically
- If you wish to participate the next contest, you need to re-open the Demo account again
- At the end of each contest, all open positions in the relevant accounts will be closed
- The “Gain Formula” will decide the winners of each contest, and it will be calculated as below
[(Ending Balance – Beginning Balance) / Beginning Balance]*100
- The winners will receive Cash Prizes into their Live trading accounts accordingly, provided that the wallet is fully verified already
- The profit generated on the Cash Prizes can be withdrawn after trading more than 50 trades and 10 standard lots
You can find the full terms and conditions in the below PDF document.