Roboforex is also offering demo accounts just like any other broker. Demo accounts are accounts primarily designed for newbies in trading so that they can build their own trading skills in the future and experience the platform and service that the broker offers. With Roboforex’s demo accounts you can automatically automatically participate on the monthly demo contest with $3,000 a month and $39, 000 a year prize fund. Ten winners are selected per month and top 3 each year.
Roboforex is a broker from New Zealand regulated by FSCL. I must say that they are really serious in providing better trading services to its clients (I don’t want to appear but this is my observation). I have been reading lots of good reviews of the broker. As a client, I receive lots of updates and improvements such as commission removal on certain types of accounts and introduction of more payment processors. Til now, they keep on updating improvements especially on trading conditions with ECN accounts.
$3000 is divided for the top ten demo contestants. RoboForex is the only broker I’ve seen that rewards affiliates for referring demo account holders so they also get rewards for referring winning contestants. (You can also become an affiliate of RoboForex here!) The following is the table of prize distribution:
In addition to that, three best participants will be chosen annually and will re rewarded with the following prizes respectively:
$1,500, $1,000, and $500
How To Participate on Roboforex Demo Contest
- Click here for the demo contest page. Click on “For Registered Clients” if you are already a client of Roboforex. Otherwise, click “For New Clients”. (or you can directly register here and tick “participate”)
- Tick the checkbox right after “Participate in the contest?” if you want to participate in the contest
- $100,000 will be set as the initial fund at 1:100 leverage.
Terms For the Contest
- Forex demo accounts last for 1 month.
- The prize money will be transferred to real trading account.
- There is no special or “hidden” conditions for prize money withdrawal.
- Only one trading account per client to participate in the contest.
- RoboForex reserves the right to disqualify a participant without prior notice and explanation.
Next contest starts monday 28 November 2011 00:00:00 (GMT+2) finishes: friday 30 December 2011 23:59:59 (GMT+2)