Frequently Asked Questions

RoboForex Demo Accounts Contests

IQ Option 120x80Demo accounts forex contests held by RoboForex offer a great opportunity for traders to test their skills and knowledge by taking part in exciting competitions. By participating in these contests, you can also earn initial capital, and gain trading experience. ContestFX project includes several contests on multiple topics and different duration. Each trader can find a contest suitable for them. The competitions take place continuously and any trader can take part in any of them anytime they want.

  

 

 

Details about RoboForex Contests

 

Trade Day Contest

IQ Option 120x80Trade Day contest is held weekly. It takes place every Wednesday. The contest lasts 24 hours. At the end of each competition traders, the top traders with the ten best results are awarded prize money. The prize money of the winners is transferred to their real accounts which they can use for further trading.

 

 

 

 

Demo Forex Contest

IQ Option 120x80Demo Forex contest is held monthly. Hence, the contest lasts one month. At the end of the competition, the prize money is given to traders with top ten results. This prize money is transferred to the winners’ real accounts and can be used in trading later.

 

 

 

 

Week with CFD Contest

IQ Option 120x80Week with CFD contest on CFD trading instruments is held weekly for MetaTrader 4 Demo and ECN-Pro accounts. At the end of the week, the prize money is shared between the winners, who are the top ten participants of the contest based on their final ranking. The shared money is transferred to their real accounts so they can use it for further trading.

 

 

 

 

KingSize MT5 Contest

IQ Option 120x80KingSize MT5 contest is held each Thursday for MetaTrader 5 demo accounts. The contest takes 24 hours. The first ten traders to open the orders with the biggest volume share the prize pool after the competition is finished. The prize pool is distributed among them based on their final ranking. Like the prize money of other contests, this prize money is also transferred to the real accounts of the winners so they can use it for further trading.

 

 

 

 

Contests Time

  • Contests Time Trade Day Contest: Wednesday, 12 P.M. (Server time)
  • Demo Forex Contest: Once per month
  • Week with CFD Contest: Monday, 12 A.M. – Friday, 11:59:59 P.M. (Server time)
  • KingSize MT5 Contest: Thursday, 8 P.M. – Friday, 8 P.M.

 

 

Applicable for

  • Clients who have verification of their Members Area
  • Clients with one contest account
  • Clients with the initial deposit of $1000

 

How to Apply

To participate in a contest, you may follow these steps

  • Visit the homepage of the website of RoboForex.
  • Go to Promotions -> Services -> Free Contests
  • A new page will open where you can see the running contests.
  • Click on the contest you want to compete in, and click on “Participate”.
  • The page for “Register a Contest Account” will open where you have to fill the form of “Members Area” and “Open Account”.
  • After opening the contest account, you can apply for the contest.

 

Alternatively you can participate on contestfx.com or simply click the button below: 

 

 

Who Win?

The top ten participants become the winner of every contest. While the prize money is fixed for each winner in Trade Day and Demo Forex contest, the prize pool is divided among the winners of Week with CFD and KingSize MT5 contest according to their ranking.

 

Prizes AmountTrade Day

  • 1st place - $300
  • 2nd place - $200
  • 3rd place - $100
  • 4th to 10th place - $50

 

Demo Forex

  • 1st place - $700
  • 2nd place - $550
  • 3rd place - $420
  • 4th place - $350
  • 5th place - $290
  • 6th place - $240
  • 7th place - $180
  • 8th place - $130
  • 9th place - $90
  • 10th place - $50

 

 

Week with CFD

Prize fund is $1,500. The prize pool is distributed among the ten best traders of the competition based on their final ranking.

 

KingSize MT5

Prize fund is $1,000. The prize pool is allocated among the top ten traders of the competition according to their final ranking.

 

Terms of RoboForex Demo Contest

RoboForex reserves the right to use any information related to the prize accounts in advertising and publish it on the website and message board of the company. The company can also interview the winners of the contests; check the server logs, statements of contest accounts, and the adequacy of the registration information of the participants. RoboForex also holds the power to disqualify any participant without giving a reason.

Keep an eye on the company’s website to know about any changes in the upcoming contest rules. 

 

For more please read Roboforex Broker Review

 

Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved. Especially trading leveraged products such as Forex and CFDs carry a high degree of risk to your capital and can result in the loss of your entire capital. Only invest with money you can afford to lose.