In March 2010, NordFX began a 2-week Demo Cup contest. Today, this competition has reached the heights of success as traders from around the world participate in it and enjoy the rewards. This contest is free of charge. Anyone who has a demo account can take part in this competition.
Every month, when the contest is completed, the top 10 traders’ names are announced. These people are those who can make profitable trading strategies and have a large deposit in their demo accounts just after two weeks of trading through the virtual money of up to $10,000.
A further 10 contestants are randomly selected and given consolation prizes so that the other participants won’t get discouraged and try their luck next time.
NordFX Contest Details
If you are planning to open a demo account with NordFX for trading purposes or just to enter in the competition, then you can participate in it anytime as the registration is open throughout the year. The contest starts every single month, so if you missed a particular month, you could always try in the next month.
For participation, you don’t need to fill up any forms or go through a long process. Just register a demo account with NordFX and that’s it. The winner that comes first, second, third, and fourth gets a $1,000, $700, $500, and $200 reward respectively. However, the other contestants that are ranked from fifth to tenth obtain a $100 reward each.
The final stage of this contest is held among the first, second, third, fourth, and fifth position holders, according to monthly phases. The individual who wins the entire game wins a Demo Gold Cup, which is prize money of $10,000.