Welcome Bonus $50 - the best offer on Forex market
Welcome Bonus $50 - the best offer on Forex market

Forex Demo Contests

Participate with other demo traders, do your best to get on top and win big prizes. Demo contests are very popular because they are free to join and generally with withdrawable cash prizes. All you need to do to win is to obtain the maximum profit during the trading contest. You can find all the active Demo contests in the table below, participate now & win.

For the reason that forex (FX) is a decentralized market in which dealers disseminate their own price feeds through their trading platforms, it is crucial to learn the features and how to use the platform you will be trading on. Fortunately, FX traders can test out each platform using a demo account, which means no real money is at risk.

Reputable FX brokers allows prospective customers to download a free demo version of their software. This is vital if the customer is to become familiar with the platform's layout and use it to trade. Here we'll discuss the significance of demo trading and let you know what you should look for when trying dissimilar platforms.

Welcome to FXTM’s Demo Trading Contest of 2018 offers four new titanic rounds of competitive trading in the virtual world – where none of your real capital is risked. Battle through the four individual rounds throughout the year in your demo account, and release your trading skills as you
Available till 31 December 2018
Welcome to The FBS Forex the latest forex trading demo contest launched here at FBS! Joining the competition will give you a fantastic opportunity to prove your trading skills and receive a handsome reward for them, in a completely risk free environment! Why so late!  FBS Pro Forex Contest
Available till 31 December 2018
Tickmill is proud to have a long and expanding list of successful traders who benefit from our quality services. Believing that remarkable a chievements deserve special acknowledgment, every month we choose the best of the best among our skilled clients and award the top 2 traders with a $1,000
Available till 31 December 2020
Welcome to International financial broker FortFS launches an outstanding daily contest FortGold for the best gold quotes forecast. As well as in any other similar contest during the day the participants have to leave their forecasts in this blog. The next day the competition results are summarizing according to
Available till 31 December 2020
Get rewarded for your achievements and boost your trading using our special offers. Please check which promotions are available to you. Believing that remarkable achievements deserve special acknowledgment, every month we choose the best of the best among our skilled clients and award the top 2 traders with a
Available till 31 December 2020
FXTM’s Demo Trading Contest of 2018 offers four new titanic rounds of competitive trading in the virtual world – where none of your real capital is risked. Battle through the four individual rounds throughout the year in your demo account, and release your trading skills as you clash with
Available till 31 December 2018
Free Facebook Cool Gadget Contest, We are showing our appreciation by giving you the chance to win some of the coolest gadgets available now on the market. Link:  100% Trading Credit Bonus Program Link:  Free Facebook Cool Gadget Contest Link:  Virtual to Real Demo Competition Available to: All new
Available till 31 December 2018
Free Facebook July Cool Gadget Contest. With HotForex new FREE Cool Facebook Contest, we are showing our appreciation by giving you the chance to win some of the coolest gadgets available now on the forex market! Link: Facebook Cool Gadget Contest Link: 100% SuperCharged Bonus Link: 100% Trading Credit
Available till 31 December 2018
Welcome to The FXGiants the latest forex trading month demo contest launched here at FXGiants. We are pleased to offer become the FXGiants Trader of the month Demo Competition. Joining the competition will give you a fantastic opportunity to prove your trading skills and receive a handsome reward for
Available till 31 December 2018
cTrader Weekly Demo Competition to to chase the $400 monthly prize from OctaFX forex broker. Just Sign Up a demo account to take part in the next round and join the competition! Participating in cTrader Weekly demo Competition is completely risk free Link:  cTrader Weekly Demo Competition Available to:
Available 31 December 2020
Weekly Demo Race Trading Contest. Put your forex trading skills to test and win up to $200 every week! Forex Demo Race Contest is only available for clients of Tickmill Ltd.(FSA Regulated) Link:  Weekly Demo Race Trading Contest Link:  $30 Free Welcome Bonus Offer Link:  Forex Monthly Live Trading
Available till 31 December 2018
Welcome to IRONFX  Demo Trading Competition. Are you a new trader? It is time to practice your strategy while competing against other traders in the worldwide arena and win up to $2,000. Enjoy the unique opportunity to significantly improve your knowledge and sharpen your trading skills, with no risk
Available till 31 December 2018
Forex Demo Trading Competition Over $10,000 in Prizes. Simply sign up for a FREE Demo Trading Account and start trading! Prove your trading skills and be one of the 10 WINNERS to receive a WorldWideMarkets Live Account of up to $2,500! Link:  Forex Demo Trading Competition Available to:
Available 28 April 2017
Forex 4 Zones Demo Trading Contest Win up to a total of $24000. ForexTime is doing something extra special with its trading contests this year, starting with Zones Demo Forex Trading Contest. Link:  Demo Forex Trading Contest Link:  Loyalty Cashback Promotions Link:  200% Withdraw able Cashback Rebates Available to:  
Available till 31 December 2017
FX Zones Demo Forex Trading Contest Z3 Bid Central. Sharpen your forex trading skills completely RISK FREE as you enter ForexTime Broker simulated forex world of 2017 the FX Zones. Link:  FX Zones Demo Trading Contest Link:  $25 Per Referral Earn up to $10000 Link:  Receive $30 Tradeable Credit
Available till 31 December 2017
FX Zone Currency Capital Forex Trading Contest Z3 Bid Central. Sharpen your forex trading skills completely RISK FREE as you enter ForexTime Broker simulated forex world of 2017 the FX Zone: Currency Capital. Link:  Up to $200 Cash Bonus this December Link:  Receive $30 Tradeable Credit Bonus Link:  FX
Available till 31 December 2020
ForexTime Titans Demo Trading Contest. Trading will have the opportunity to test their trading skills in a completely risk free environment, as they compete for a piece of the collective $40,000 Prize Pool! Link:  Titans Demo Trading Contest Link:  30% Brand new Bonus Programme Link:  $500 Welcome Cash Bonus
Available till 31 December 2020
FBS Pro Forex Contest for Demo Trading Accounts Total Prize fund $1000. It is necessary to open a forex demo trading contest account and finish with the biggest balance. Link:  Contest for Demo Trading Accounts Link:  $50 Free Will be credited to Your Account Link:  $88.8 Forex No
Available till 31 December 2020
Fixi Markets offers BullsEye Monthly Trading Competition. Win $3000 No deposit required and Free Withdrawable Bonus. No deposit required bonus and open to all Fixi Markets account holders via demo accounts created automatically upon registration and used solely for contest participation. BullsEye is a trading competition arranged by FIXI
Available till 31 December 2018
The Forex World Cup 2018 is the biggest forex competition ever offered by Exness. Over the course of 12 rounds, traders from all over the world will compete for a total prize pool of USD 120,000 in cash and bonus. An additional Grand Finale round, open to all participants
Available till 31 December 2018
The AETOS Capital Group Global Forex Demo Contest 2017, with weekly prizes and overall championship prizes to win! The total prize of the contest is worth $10,000*! Link: Global Forex Demo Trading Contest Available to: All clients Ending Date: 31 December 2017 Contest offer: Global Forex Demo Trading Contest
Available till 31 December 2017
The ForexTime Titans Demo Forex Trading Contest for Round one. Unleash your forex trading skills when you step into our mythical forex market world of 2018 and become an ForexTime Titan. Top 5 winners of a collective prize pool of $40,000 Link:  Titans Demo Trading Contest Link:  30% Brand
Available till 31 December 2018

Every Platform Is Different :

More than a few platforms are usually offered by many brokers. Common platforms include MetaTrader 4 and 5, also called MT4 and MT5. In addition to these platforms most brokers offer additional platforms, although these other options may be proprietary to the broker. This means that platform may not be available from other brokers (for additional reading, see Beginner's Guide to MetaTrader 4).

While each platform may function and look slightly different, most provide roughly the same features. These features include forex quotes/prices, charts, technical analysis tools, news feeds, trade history, drawing tools, and functionality for buying and selling currencies.

Some platforms have more features than others. For example, some platforms have integrated fundamental and economic analysis tools, while others do not. For a trader taking long-term trades this may be important, but for a short-term trader it isn't.

The image below is a snapshot of the MT4 platform.

Forex Demo Contest

Along the top of the platform are shortcuts to different tools and settings. Below this is a charting window to see the price history of a currency pair or other asset. Below the chart is the Terminal. There are multiple tabs in the Terminal, provided that access to News, Account History, current trades, and other information. As mentioned, not every platform is set up this way, but most offer the same features just arranged in a different way.

Orders Placing:

It's a good idea to place at least 50 demo trades on each platform before trading actual money, just so you can master the details of order entry on each platform. A trader should never trade live unless he or she can self-confidently answer all of the following questions:

  1. How do I place a limit order?
  2. How do I set a stop order?
  3. Can I set a limit and a stop at the time of entry?
  4. Are the spreads on the platform fixed or variable? And what is the typical spread?
  5. What is the lot size that I can trade (1,000 units, 10,000 units, 100,000 units)?
  6. Can I mix and match the lot sizes?
  7. Can I call the dealing room directly if my internet connection goes down?

Some platforms use pop-up order windows, while others allow you trade by clicking prices directly on a chart. Typically, to buy a currency pair, click on the offer part of the quote (the ask), and to sell, you click on the bid part. Some platforms allow you to choose market order or limit order after the quote window pops up, while others force you to make your selection beforehand.

Here is a sample order screen in MT4. To bring up a detailed order screen like this, in most trading platforms you can right-click on a chart or quote and select new order or new trade.

Forex Demo Contest 2

On the left is a very short-term chart of the currency pair the trade will take place in. This currency pair is also listed at the top of the trade box. Next, input the volume you want to trade. Enter a stop loss and take profit level for the trade. The trade type can be a market order or a pending order. If you want to buy/sell at the current price choose market as the type. If you want to buy or sell at a different price, choose pending.

With a pending order there are more options, as you need to input the price you want to buy or sell at. You may also prefer to put an expiry on the order. Once everything is filled out, place the order.

Demo Trade But It's Like Real :

Once you have mastered the basic functionality of a trading platform, use the demo platform to testing with various strategies. Are you a short-term momentum trader who likes high leverage and tries to capture 10 to 20 pip moves? Or do you prefer using less leverage and holding longer-term positions that could potentially yield hundreds of pips? Demo trading can help you determine what type of trading suits you best.

On the other hand, demo trading is not the real thing, even though it helps prepare you for the real thing. You may be perfectly calm after sustaining a big loss in a demo account, but might become completely unbalanced over even a small loss in your real account. To make demo trading as productive as possible, you need to trade the demo account as though the money were real. For example, if you plan on funding your real account with $5,000, don't trade a demo account that has $100,000.

The demo account should mirror your real situation as much as possible. Pretend the money is real, and don't do things you wouldn't do with real money.

Conclusion :

Even after you make a decision to trade live, demo trading can be very valuable. Many successful traders will test strategies in a practice account before they try them out with real money. while demo trading will not guarantee you profits in real life, many traders agree that if you cannot first achieve success in a demo, you are almost convinced to fail in your live account. This is why demo trading is vital to the growth and development of FX traders.