ForexBall Contest Review
Forexball is a demo contest that is held almost every week and allows you to get part of the relatively large prize pool if you are worth it. The contest also has some special events that should grab your attention. Read full Forexball Demo Contest Review to know what you should count for before going into this contest.
Update: Unfortunately, this contest is no longer available.
We advise you to start your free Fore trading with 30 USD non-deposit bonus from XM.
ForexBall Contest Description
What you should know about this contest – it is made by Admiral Markets Forex Broker. Also, this contest allows you few opportunities to become the best and win real money prizes. The contest has regional scope, so you do not have to become the best forexball demo contest trader worldwide in order to win.
It is enough to get into top 3 from your region in order to get money compensation. So, if you are Asian trader, you will compete with other Asian participants for the trophy of the best trader. Weekly prize pool for top 3 looks like this:
- 1st place gets 1,000 USD
- runner-up will receive 500 USD
- 3rd receives 250 USD.
Since there are 5 regions, total amount of winners of weekly forexball contest is equal to 15, which results in incredibly high total prize pool. Each round of Forexball lasts for 100 hours from early Monday to mid-Friday almost each week, so be ready.
Furthermore, since there are no restrictions on how many contest you take part in, Forexball Demo Contest decided to encourage your participation in all of them. Three best monthly performers, which accounts for 4 weekly contest, will receive even more prizes. Monthly winners will receive:
- 3,000 USD for the first place
- 2,000 USD for second place
- 1,000 for finishing third.
For these prizes, there is no difference from which region you are, so basically you are competing against traders from all over the world!
Can I withdraw ForexBall Demo Contest Prizes?
It is possible to cash out any money you win in ForexBall Contest, but you will have to clear them. In order to clear your money for cash out, you will have to make trading amount of lots that is 10 times smaller than your winnings. So, if you win 2,000 USD, you will have to make 200 Lots before you will be able to withdraw your money.