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FXPremax Demo Contest

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Last Updated: Oct 30, 2024 @ 12:53 am

Broker Details

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Broker Name
FXPremax
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Penguin Meter
Bonus Description
Contest Description
FXPremax Demo Contest
Expiry Date
Expiry Date
On Going
FXPremax Demo Contest

FXPremax Demo Contest Details:


The FXPremax Demo Contest offers an exciting opportunity for traders to enhance their skills while competing for real cash prizes. Here’s a step-by-step guide on how to participate and the prizes you can win.

Participation Steps:

  1. Eligibility: Ensure you have a verified LIVE trading account with FXPremax and have submitted your KYC documents.
  2. Registration: Enroll in the contest by creating a new Contest Demo account:
    • Log into your trading cabinet.
    • Navigate to the “Trader” area.
    • Select “Accounts” and choose the Demo Contest account type for the month you wish to participate.
    • Registration is open from the 1st of the month at 00:01 server time until the last day of the month at 23:59.
  3. Trading Period: Once registered, the trading competition will begin on the 1st day of the following month and run until the last day of that month.
  4. Trading Details:
    • You start with a demo deposit of $10,000.
    • The leverage is fixed at 1:200.
    • The results will be updated daily, allowing you to track your progress.
  5. Winning Criteria: At the end of the contest, the winners are determined based on the gain formula:Gain = [(Ending Balance – Beginning Balance) / Beginning Balance] * 100
    Note that any negative gains will be treated as zero.
  6. Final Steps: At the end of the month, all open trades will be closed, and the balances will be calculated to determine the top performers.

Prizes:

The top three participants will receive cash prizes credited to their LIVE trading accounts:

  • 1st Prize: $2,000
  • 2nd Prize: $1,000
  • 3rd Prize: $500

These prizes cannot be withdrawn but can contribute to profits that may be withdrawn once specific trading volume requirements are met (50 round-turn trades and a total volume of 10 standard lots).

Conclusion

Participating in the FXPremax Demo Contest is risk-free and offers a fantastic way to enhance your trading skills while competing for real cash prizes. Don’t miss out on this opportunity—register today and see how you measure up against other traders! For more details, visit FXPremax website.


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