Weltrade Contest with real cash prizes
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Last week I’ve heard the news that broker Weltrade in 2022 launched a forex contest on demo accounts “WEEKLY DEMO SERIES” with real cash prizes. In today’s review, let’s see what the conditions of this demo contest are, and find out the most interesting thing: what prizes you can get for participating in this Forex contest!
Perhaps, I will start from the most important thing for any participant in all sorts of contests and not only the contests from forex and binary options brokers. So, the prize fund of the demo accounts contest from Weltrade is $133,000, this sum includes both bonus funds and real prize money. The winners of this forex contest will share $33,000 real prize money and $100,000 in bonuses.
All contest time is divided into 10 weekly rounds. The duration of each round is 7 days. Each week of the forex contest with real cash prizes starts anew, and all old results of previous weeks are automatically reset to zero.
Each reporting weekend will finish with prize-giving to 100 leaders of the week’s contest, the bonuses are transferred to the winners’ accounts. The TOP-10 leaders of the week receive free bonus money and real cash funds, which can be withdrawn from the account.
The prize funds of Weltrade contest are divided into separate mini funds for each contest of the week: $10000 in free forex bonuses and $3300 as real money/cash.
It should be mentioned that the trader-winner of each separate week will get a $1500 bonus and $750 real money. The trader, who will take the last place in the prize zone of the forex contest’s week, will get $25 in free bonus to the trading account. The amount of the prize, as you can see, will depend on the place taken in the WEEKLY DEMO SERIES contest at the end of the week. The main criterion for the selection of the leader (champion of the week) and other winners is the highest balance of a demo account.
Below you can find more detailed information about possible winnings in this Weltrade forex contest:
Important things of the Weltrade forex contest
Bonus funds cannot be withdrawn from Weltrade, you can use them only to trade. Profit, which will be made from trading on bonus funds, can be withdrawn from the account. When you will make any transfers from this account, the bonus sum will be deducted.
All opened orders on the contest demo account will be automatically closed 1 hour before the end of the contest week. As a result of such orders’ closing, the participant’s position in the general contest’s rating will be determined.
Contest forex on demo accounts from Weltrade has started on the 11th of January 2022 and will be finished on the 21st of March 2022. The WEEKLY DEMO SERIES forex contest period is one week long, as I’ve written earlier in this review:
- starts on Monday at 00:00 (EET);
- finish at 23:00 (EET) on Sunday;
- time on the trading server is taken as the benchmark.
The position at the start is the same for all participants in the Forex contest, no one has any privileges:
1. Demo account
2. Start amount of the deposit – $10000
3. Leverage for standard trading instruments – 1:100, for cryptocurrencies – 1:20
4. Level stop out – 10%.
5. You can trade cryptocurrencies, commodities, metals, and standard currencies in the contest.
Information about your contest demo account can be found in your personal cabinet on the tab “WEEKLY DEMO SERIES!”. In the same tab at Weltrade’s site, you can also follow your current position in the Forex contest.
Yes, one more important point! Each participant of the WEEKLY DEMO SERIES Forex contest will have to pass the verification of his/her data, indicated during the registration on the Welltrade official site, in order to receive the weekly contest’s award (bonus or/and real money).
Whether you should participate in this forex demo contest with real prizes is up to you to decide. But, as the demo contest does not force you to do anything, and at the end of the forex contest’s week you can win real cash, it may be worth a try…
Link to WEEKLY DEMO SERIES contest on demo accounts from Weltrade.
