NordFX Demo Contest

NordFX started the 2-week DemoCup contest in March 2010 and anyone can join the contest free of charge. However, only those who have demo accounts can participate in contest, but every award is real.

NordFX Demo Contest Review

On the completion of the competition’s every monthly stage, the names of the top 10 are announced. These are the ones who can prove that their trading strategies are profitable and have the biggest deposits after 2 weeks of trading with a virtual money amounting $10,000 in their demo accounts. The other participants of the NordFX demo contest won’t get disappointed. The reason behind it is that there are ten randomly chosen contestants that will receive consolation prizes.

The Do’s and Don’ts of NordFX Forex Tournament

When it comes to the terms and conditions of the NordFX contest, both experienced traders and starters will follow the same terms. For participants to join the contest, they will need to register. Every participant is required to register one account only. The contestant is required to provide real information when registering an account. But, participants don’t have to worry about the confidentiality of their personal information as their addresses and names won’t be disclosed and will be treated as confidential.

The trading results of all participants can be seen in “Monitoring of Contest Accounts”. Such results can also be checked in MetaTrader 4 after they have logged in with the password of investor. The accounts that aren’t included in monitoring aren’t allowed to participate in the NordFX Forex contest. Before and after the contest’s completion, participants are not also allowed to make transactions. Every participant is also required to close all the open positions as well as delete the pending orders. Once the contest is over, all of the contest accounts will be disabled, yet they will still be available for public viewing.

Participants are not also allowed to work in different accounts from the same IP address. In case participants are using different accounts and one IP address, such accounts will be disqualified. It isn’t allowed to work through a proxy server or utilizing programs that change their real IP addresses. Participants aren’t also allowed to use expert advisors and trading strategies. Every instrument except the metals are also available for trading.

The Good

The best thing about NordFX contest is that the prizes are great and other participants can get a chance to win consolation prizes. The platform is also exceptional and there are available tools that participants may take advantage.

The Bad

The only main concern about NordFX demo contest is that Americans aren’t accepted.

The Verdict

NordFX demo contest is an extraordinary platform for both starters and experienced traders. Regardless of your experience in trading, participating in NordFX demo contest can give you an opportunity to win extra prizes while enabling you to boost your trading skills. So, if you want to be more successful with forex trading and you are still searching for a good forex broker, choosing NordFX will never give you regrets as this platform was designed to help succeed as a trader!