Traders' Contest in the Forex Market

Contests organized by the brokerage companies create a great opportunity for the trader to test his trading strategy and to receive a trading bonus into account. A main objective and mission of competitions organization are to test the level of skills of the beginning traders, as well as to identify the most successful players, to recommend them in the future in the quality of managing directors of financial assets.

Forex contest organized by brokers is a fascinating competition in a run for prizes and bonuses. With the only difference that not only the strongest and the fastest achieve victory, but the acutest, informed and the patient one!


Results of
Results of "Road to The Dakar 2017" offer 02.12.2016 / 15:50

Dear Clients and Partners! We’re pleased to inform you that yesterday, on December 1st 2016, we defined the prize number and, at the same time, the winners of "Road to The...

Results for 8 InstaForex contest summed up
Results for 8 InstaForex contest summed up

The winners of eight InstaForex contests are determined. This time, we will name the victors of the following contests: One Million Option, InstaForex Sniper, Lucky Trader, FX-1 Rall...

"Money never sleeps" final results

Dear participants of the contest "Money never sleeps!" It's time to sum up the final results and announce the winners! Prize-winning places are distributed as follows: ...

OctaFX cTrader Weekly demo contest, Round 56: new winners
OctaFX cTrader Weekly demo contest, Round 56: new winners

Another week has passed which means we have a new bunch of winners! The greatest traders of cTrader weekly demo contest Round 56 were: 1st place with the award of $150 goes to Mr. Mi...

Jaguar F-Type from InstaForex: the prize goes to Portugal
Jaguar F-Type from InstaForex: the prize goes to Portugal

Jaguar-number 51287 was fixed on October 30, 2016. We identified trading account which was the closest to Jaguar-number. So the winning account is 8751332, it belongs to Carlos Migue...

Analyst Contest, round 23: newbies pushing forward
Analyst Contest, round 23: newbies pushing forward

Dear clients, The results of the 23rd round of our Analyst Contest are in. If consistency is the sign of a master, then we can surely say that our unquavering leader – Yuri Vis...

Great Trading Contest: 11 round is starting!
Great Trading Contest: 11 round is starting!

21 November 2016Dear traders! The new 11th stage of the Great Trading Contest has started. It means that the draw of snow-white BMW X6 M is getting closer and closer! Do not forget t...

Pre-Christmas Tour of Forex Finals
Pre-Christmas Tour of Forex Finals

This year's last tour of Forex Finals starts on November 28th. The winner gets a PAMM account and 1000 USD in it. Best Christmas present a trader could wish for! Forex Finals Tou...

FXOpen announces Tour XIV of Forex Finals
FXOpen announces Tour XIV of Forex Finals

FXOpen opens registration for yet another tour of "Forex Finals" – a recurring trading competition on live accounts. Tour XIV of the contest starts on October 24th. A...

The FXTM Mountain Expedition Live Trading Contest Winners
The FXTM Mountain Expedition Live Trading Contest Winners

The FXTM Mountain Expedition has officially ended. After 3 exciting weeks of great trading, 10 competitors traded their way to the top and claimed REAL CASH prizes from a $100,000 pr...

1 Million Dollar Forex Championship – 7 Days Left to Register for Round 6
1 Million Dollar Forex Championship – 7 Days Left to Register for Round 6

The exciting competition for earning a share of XM’s One Million Dollar Forex World Championship cash prizes is going ahead full throttle. Round 6 has already started, and regi...

Formula FX, round 176 results
Formula FX, round 176 results

Dear clients, The time has come to bask in the glory of victory since the results of the latest round of our Formula FX contest are in! The list of winners to receive prizes is as fo...

Analyst Contest, round 22: a member of the fairer sex makes it into the finalists again
Analyst Contest, round 22: a member of the fairer sex makes it into the finalists again

Dear clients, The results of the 22nd round of our Analyst contest are in. This time Lina Koltyga made it into the winners with interesting reviews, forcing her way into third place....

OctaFX Champion demo contest Round 56 became truly Indonesian!
OctaFX Champion demo contest Round 56 became truly Indonesian!

Round 56 of OctaFX Champion demo contest is over, and our participants are ready to share their trading experience that led them to success. This round became truly Indonesian - all ...

Let’s cheer winners of Miss Insta Asia 2016
Let’s cheer winners of Miss Insta Asia 2016

We would like to share long-awaited news with you. We are ready to unveil the names of ladies who won the popular online beauty contest, Miss Insta Asia 2016. The jury consisted of u...

King of the Hill, round 13 results
King of the Hill, round 13 results

Dear clients, The time has come to bask in the glory of victory since the results of the latest round of our King of the Hill contest are in! The list of winners to receive prizes is...

Admission for Forex School November Begins
Admission for Forex School November Begins

FXOpen offers novice traders the opportunity to practice their skills by joining Forex School November – a ForexCup trading competition. Forex School is a recurring competition...

FBS — “Best contests, promotions and trading conditions 2016”
FBS — “Best contests, promotions and trading conditions 2016”

FBS has added an absolutely new award to its portfolio. This time we’ve been acknowledged to offer the “Best contests, promotions and trading conditions 2016” among...

Welcome cTrader weekly demo contest Round 54 winners!
Welcome cTrader weekly demo contest Round 54 winners!

One more round of cTrader weekly demo contest is over, and the results of the contest are announced. While our Round 54 winners celebrate their victory, all traders who want to test ...

The results of the 9th stage of Big Trading Contest
The results of the 9th stage of Big Trading Contest

24 October 2016  Dear traders! The 9th stage of Big Trading Contest was over yesterday and now we are ready to announce TOP5 traders. Google Mercedes Cinema Diablo Balay These l...


Effect and Advantages of Traders' Contests in the Forex Market

The contests from brokers on the duration include unrestricted time frames. Starting with fast day's length competitions, up to the contests lasting for a year. Irrespective of competition type, participation in them is useful and profitable, first of all - to the traders. The majority of Forex competitions gives the real chance to get the essential cash prize able to act as starting capital, and a powerful increase in the trader's condition. Also, sometimes the broker invites the winner to take part in developing of a certain software, as well as in other types of cooperation.

Types of Forex Competitions

Forex market competitions held by brokerage companies are subdivided into several types.

The most popular are the competitions on demo accounts, where the cash prize can represent financial resources available to open the real account and to carry out trading activities in the Forex market. Simple conditions, which essence is to receive the greatest profit by the trader for a certain period of time and enter into a number of prize-winners are peculiar to this type of contest. The terms of such Forex contest vary from one week to several months. The cash bonus received as remuneration can be applied only to trading in the market, and it is closed fro withdrawal.

The second type of Forex contests in many respects aimed at the experienced traders able to develop their own trading strategy, to write indicators and scripts, and simply to trade effectively. Participation in this type of competitions requires the availability of real account, with funds of the trader.

In most cases, contests for traders take place in several stages. For example, the brokerage company announces the contest on trading robot development. Competitors activate on the own trading system for a certain period of time, often for a period of a week up to one month. The robots which showed the best results following the results of the contest appear winners of selection round. Regarding the final, the victory it is won by the founder of the most effective commercial advisor.

The example presented above is the most typical sample of how traders competitions in the market Forex becomes both a source of additional profit in the form of a prize and an advertising platform for developments of the trader. Having been among the prize-winners or having become the winner, the player advertised the trading system, and himself personally, as a successful market player.