Forex Demo Trading Contests or Competition:
To Inspire and attracted in Forex trading to new trader Forex Demo Hourly, Daily, Weekly, Monthly Competition are arranged. However the contest are held on Demo account with Demo Currency but it Prize money are real for Trader. For Forex Demo contest Broker houses Rules and regulation is different from each other but all broker have common rules which are mention in Below
Submit Original and Valid Information
To Participate in Forex Demo contest Every contestant has to submit Valid Document. Contestant need to fill up Registration form with Name and details. Trader must log in from his/her cabinet to let a broker know his details like email, Unique Identification number.
Trading Close timely
When Demo contest trading time will close trader must be close the trade. But if any trader did not close the trade and Contest was end than Automatically close the transaction.
Trader can participate on time
Trader can participate only one time and can register for every contest only one time. Some Broker houses have policy to do contest their trader just once a week.
Right of rejection contest
Forex Demo contest company and Promoter has right to reject the contest and contestant without any explanation . But many contestant are disqualified for brake the rules and regulation.
Reject to credit Prize
Forex Demo contest organizer or Company can reject to give the prize to contestant for Violation the demo contest Policy, Like incomplete Identification unverified profile etc. However Company has to right Reject to credit prize money.
Promotion Terms changing Right
Broker houses have right to change the terms of Demo contest at any time without Information. Broker houses reserve the right to change term and condition at any time.
Forex Demo contest Finding:
Just write Forex demo contest and search you will get more and more Demo contest from More Broker Houses. Trader can choose Demo forex contest from large forex Market. .
Winning is not main thing:
To win in the contest is not main thing in Forex Demo contest. Off course Prize makes happy to Trader and encourage for trading but winning is not main thing because if trader take part in Forex demo contest they can get more Idea and experienced for Forex Trading, and it will help the trader to trade in Future.