Forex Live Contests for 2018
If you have been in the Forex trading business for a while, you are a risk taker, and you are confident about your trading skills, then you should definitely join a Forex live contest. Live/Real contests are competitions designed for experienced traders to test and showcase their trading skills and also win great cash prizes.
Unlike the demo ones, these contests happen in live accounts and require you to invest/deposit a set amount of money in order to participate. The trader who gains the best result is usually awarded prizes under the terms and conditions of that particular competition.
Top 6 Forex Live Contests
There are numerous live contests going on at the moment from various Forex brokers. Here are some of the popular ones:
- King of the Hill Contest, $26,875 Prize Pool – Alpari – Link
This is a weekly contest in which you make your way to the top by getting ahead of your competitors to get the crown of King of the Hill. There are many prizes to be won apart from the main prize, with 62 winning places. The contest is available for both new and existing Alpari customers and will run throughout the year. Here is the joining link to the King of the Hill contest.
- Championship Strategy Provider Contest – TriumphFX
The TriumphFX championship strategy provider contest is a monthly contest in which the ultimate winner with the highest profitability accumulated through the 12 months of the contest walks away with a brand new Mercedes-Benz CLA! You also stand a chance of winning the monthly cash prizes of up to $1000. To participate in this contest, you are required to register for CT account and make a minimum deposit of $500.
This contest is available until the end of May 2019.
- Trader Wars Live Contest, $27600 Prize Pool – Alpari – Link
This contest is divided into two factions, “Bulls” and “Bears”. After registration, a trader has to choose a faction that he wants to join and deposit a minimum of 50 USD/EUR/GLD. The top 16 participants with the highest profit from each round will then proceed to the knockout stage. The contest duration for each round goes on for three weeks.
There are 32 winning places in which everyone wins a prize. The champion in the knockout stage gets to walk away with $1000.
- Trading Hero Weekly Contest – Forex4You – Link
This is a contest held every other week with a prize pool of up to $3095 and the winner gets to walk away with up to $400 in cash prize. The first 30 most profitable traders are also awarded various cash prizes. To participate in this contest, you are only required to register, deposit at least $50, and trade in any of the eligible accounts.
This contest is only available for traders in Thailand, Malaysia, Vietnam, Pakistan, India, and Bangladesh.
- Traders Awards 2018 – HotForex – Link
This contest by HotForex happens every month in all live accounts except the Micro account. The trader with the highest profits wins a cash prize of $1000 and an entry to HotForex Hall of Fame. To participate in the contest, you have to join before the 7th business day of a month and deposit a minimum of 500 USD/EUR.
This contest is only available for non-EU traders.
- Ultimate Trader Monthly Contest – LMFX – Link
If you think you have what it takes to become the top trader, join this LMFX’s Ultimate Traders and you stand a chance of winning 1000USD every month, and also collect Top Trader’s Points. At the end of the year, the contestant with the highest points will win the title of “Trader of the Year” and get awarded a trading fund of 100,000USD.
This contest is only available for traders with a live account and prize withdrawals can be done under certain trading conditions.
Live trading contests are a great way for experienced and veteran traders to test their skills against other professional traders, make extra cash, and win impressive prizes. Forex brokers offer live contests that may vary in the number of contestants, duration, prizes, and winning conditions. It is always good to take some time to study and understand the conditions set on a contest before joining.