Risk-free Demo trading contest to win up to $2,000.
Contest Overview
| Contest Sponsor |  (HotForex) |
|---|---|
| Prizes | Total 3500 USD |
| Interval | Every Month |
How to participate
Open an Account & Register for the contest.
Requirements for Participants
You must have completed the verification process.
The Trading Contest has ended. Please note that the information of the ended Trading Contests and events maybe outdated.
For the latest HotForex’s Trading Contests and events, please refer to its main introduction page. HotForex’s main introduction page is here.
- HotForex Monthly Demo Trading Contest
- How to join in HotForex’s Monthly Demo Trading Contest?
- How the winner of the contest is chosen?
- Real Cash Prizes to the top 3 traders
- Fund Withdrawal from the Contest Prize Account
HotForex is running Demo trading contest with virtual money every month.
The participation in the contest is free and involves no risks to your own funds, but the top 3 performing traders of the contest win real cash prizes in their live trading accounts.
The Demo trading contest is running right now, and you can join at anytime you want.
Visit HotForex Official Website
HotForex Monthly Demo Trading Contest
HotForex’s Demo trading contest is available for all traders of HF Markets (SV) Ltd.
Here are the main rules and conditions of the contest.
| Contest Type | MT4 Demo account |
|---|---|
| Contest Period | 1 month |
| Requirement | Demo contest account opening |
| Required Deposit Amount | None |
| Total Cash Prize Amount | $3500 every month |
| Number of Winners | 3 |
| Withdrawal of cash prizes | Not available |
The contest involves no risks but you have a chance to win real cash prize every month.
Signup for HotForex from below to get started.
How to join in HotForex’s Monthly Demo Trading Contest?
Follow the steps below to participate in HotForex’s Demo trading contest account.
- Signup for HotForex online
You may open an account of any account types with HotForex during the registration process. - Login to the client portal
You can login to HotForex’s client portal from the Official Website, using the credentials provided after the registration. - Open a new Demo contest account
To participate in this contest, you must open the specific contest account from the client portal. You can open only one contest account per round. - Start trading to win the contest
Contest runs from the 1st day until the last day of the given month.
All positions will be closed before the final calculation, and the top 3 traders of the contest will win the real cash prizes.
At the expiration of the trading period in a given month, all previous Demo Contest accounts are deleted.
Visit HotForex Official Website
How the winner of the contest is chosen?
There will be 3 winners for each contest round.
The winners will be decided according to the gain formula as below:
Gain = [(Ending Balance – Beginning Balance) / Beginning Balance] *100
All demo contest accounts has the initial virtual deposit of 10,000 USD.
The leverage is fixed at 1:200.
Real Cash Prizes to the top 3 traders
The contest uses only virtual money, but the cash prizes are real.
The top 3 performing traders of the month will share $3500 prize pool as below.
| Ranking | Cash Prize Amount |
|---|---|
| 1st | $2000 |
| 2nd | $1000 |
| 3rd | $500 |
The prizes will be credited in a Live Trading Account providing that the wallet is fully approved by HotForex.
The withdrawal rules and conditions of the live account which has received a cash prize, can be found in the next section.
Go to HotForex Official Website
Fund Withdrawal from the Contest Prize Account
You cannot withdraw the cash prize amount itself from your live accounts.
But you can withdraw any profits made in the account which has received cash prizes after completing at least 50 round turn trades and 10 standard lots volume.
You can only submit a withdrawal request from the account which has received cash prizes only one time, and any fund withdrawals from the account will cause full cancellation of the prize amounts you received.
For more information or inquiries about the fund withdrawal from the contest account, please contact HotForex support team from the Official Website.
Visit HotForex Official Website
Please click "Introduction of HotForex", if you want to know the details and the company information of HotForex.
IronFX
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!