Free Forex Trading Competition with Real Cash Prize
After do some research of forex broker who open a free forex trading competition, I found some interesting data.
1. A lot of fx broker that offer such competition, but not free. You need to send your deposit first then you can register for the contest. Although the prize is very lucrative, I think it’s not approriate for beginner to learn and feel the real forex trading experience.
2. Some companies do have free forex trading contest, but there’s no real prize. it’s for education purpose only. For some people, this can be good vehicle to explore forex world but it lack of motivation.
3. Forex Broker who run free trading competition with real prize usually are new broker. They offer the incentive to market their product. One company that still run the competition is Etoro. It’s already 8 months from etoro first launch date, September 2007 and the competition is still going.
Free entry to win real cash prize
Demo trading account can also participate at the contest and have same opportunity to win real cash prize. Trading contest is now open weekly. If you want to take a part on this, you don’t need to register for every week. Just register once, download the platform and you can compete every week.
If you are totally new for this, I tell you that their platform is very easy and innovative. It’s like playing game.
Current Prize for weekly contest are for demo account holder:
1st place gets $300
2nd place gets $200
3rd place gets $150
4th to 6th places get $100 each!
7th to 10th places get $75 each!
11th to 20th places get $25 each!
Current prize for monthly contest are for real account holder (minimum of $50 deposit required)
1st place gets $1,500
2nd place gets $1,000
3rd place gets $500
4th to 10th places get $250 each
11th to 20th places get $100 each
21st to 30th places get $50 each
Dare to test your skill? Why don’t enter the competition. It’s Free!! If you don’t want to download you can use etoro’s new flash enhanced trading platform.
