Broker Details
KVB Demo Contest Details:
How to Participate in the KVB Monthly Demo Contest
Are you ready to test your trading skills and compete for a share of $3,000 in cash prizes? The KVB Monthly Demo Competition offers a risk-free environment for traders of all levels. Here’s how you can participate:
Steps to Enter the Contest
- Register: Create a demo account with KVB if you don’t already have one. The registration process is straightforward and quick.
- Receive Virtual Funds: Once registered, you’ll be provided with a $5,000 virtual fund to trade with. This means you can participate without any financial risk.
- Begin Trading: After the competition officially starts, use your demo account to trade across various markets. You can also utilize Expert Advisors (EAs) to enhance your strategies.
- Track Your Progress: Keep an eye on your performance via the competition leaderboard, which updates every 10 minutes. Your ranking is based on your profit rate.
- Profit Rate Calculation Formula: The profit rate is calculated using the following formula:
Example:
- Initial Equity: $5,000
- Current Equity at the end of the competition: $13,000
- Withdrawal Amount: $2,000
- Deposit Amount: $800
Calculation:
Result: The profit rate is 158.6%.In the demo trading competition, since deposits and withdrawals are not allowed, the profit rate is based solely on the increase or decrease of equity.
- Completion of the Contest: After the competition ends, your demo account will be archived, and all open positions will be closed. Further trading on that account will not be allowed.
Prize Distribution
The total prize pool for the competition is $3,000, which will be distributed among the top 10 traders.
Key Features
- Risk-Free Environment: Trade without the risk of losing real money.
- Use of EAs: You can implement automated trading strategies.
- Transparency: All participants’ trading data is publicly available for fairness.
Why Participate?
The KVB Monthly Demo Competition is a fantastic way to sharpen your trading skills while having the chance to win cash prizes. It’s perfect for both beginners and experienced traders looking to refine their strategies in a no-risk setting.
