This demo contest was designed as a competition of the expert advisors. Any expert advisors are allowed It lasts 4 weeks and is launched every month. To participate in this contest you have to open a free $25,000 demo account with any leverage and register it for the contest. The places are distributed depending on the total profit of all closed positions (the position should close with no less than 5 pips profit or loss to be counted). The 1st place gets $500, the 2nd — $250 and the 3rd — $100. The prizes are transferred to the real trading account registered with FxCompany and can only be used for trading.
You open a free demo account with FxCompany with $25,000 virtual money and 1:200 leverage. You register for the contest and then trade during 4 weeks on this demo account, using your own automatic expert advisor. Your resulting total profit by the end of the contest is $12,800.50, which qualifies you for the 2nd place in the contest. Your prize of $250 is transferred to the real trading account at FxCompany and you can then use this account to earn real profit.
- Only the following currency pairs can be used to trade in this contest: EURUSD, GBPUSD, EURAUD, EURCHF, EURJPY, GBPCHF, GBPCAD, GBPAUD, USDCAD, USDCHF, USDJPY, AUDUSD and NZDUSD. Profit in other instruments can reach no more than 10% of the initial deposit;
- Maximum number of simultaneously open orders is 10;
- Traders from the Russian Federation and the former republics of USSR aren't allowed to participate.