OctaFX cTrader Demo Contest
Heard a lot about cTrader Forex Platform and want to try it? How about winning money while you trade on demo account with cTrader? Now, you have such possibility with OctaFX cTrader Demo Contest! But is it really worth your time and effort? Find out in our full OctaFX cTrader Weekly Demo Contest Review!
OctaFX cTrader Demo Contest Description
This contest seems like a fair deal from the first sight. First of all, you get to trade with cTrader platform for free. In addition to that, if you trade insanely successful, you will get rewarded with free cash. Let’s dive deeper into what truly awaits you at OctaFX.
First things first, the contest lasts one week. This is good in the way that after one week you will know whether you won or you did not. This not only helps you keep your efficiency trackable, but also gives you additional chances of winning. There isn’t just one such occurrence. The contest renews every weak, for which you can register with new accounts. So the fact is that you don’t have to wait for a whole month only to find out that you lost.
More to that, the prize pool is 400 USD, and they are distributed in such a way:
- Winner gets $150
- Second best receives $100
- 3rd, 4th, and 5th get 75, 50 and 25 US dollars respectively.
Prizes are not so big, but it renews every week so you can’t expect the broker to hand out large sums in prizes. Sure you can compare them to other brokers that feature $5,000 in winnings for their contests, but most of those contests are not a week long, they take at least a month. So when comparing the trading aspect it’s a bit safer to invest your time into a week-long endeavour and have a higher chance of winning $140, than dedicating the whole month to a very small chance of winning 5 grand. Compare it with other demo contest and you will see that there truly are other deals like this, but in the same timeframe.
OctaFX cTrader Weekly Demo Contest Review wants to highlight, that you are able to take part in any amount of this contests, even if you win them. But, for each new cTrader Contest you will have to create new account each time. Also, you have to give your real details to the Forex Broker, or they will easily remove you from the contest. But this isn’t something new, the broker needs to verify that you are indeed a real person and not some type of software dedicated to seamless winnings. Remember, this is a campaign, which tries to get traders more invested in the activity, plus it has no submission restrictions for newer traders.
What’s even cooler is that if you turn out to be one of the lucky winners, the broker displays your nickname and origin country on their homepage, which gives you a whole lot of financial style points, and your countrymen a feeling of success. It’s a win-win situation. Plus it’s just your username and not your real name, so there are no security issues tied with it.
Can I withdraw OctaFX cTrader Weekly Demo Contest Prizes?
As from the words of Octa Markets, yes you can, even without any limits. What’s even better is the fact that it doesn’t need to be transffered to the already existing original account, you can just sweep it up from the demo account. With this there will be no pressure from the broker to make you do what you may or may not want to do.