Deriv demo trading contest gives traders the opportunity to monthly skill-based demo tournaments. Using the demo account, you can test your strategies and sharpen your skills.
Each participant trades using virtual funds, and the contest tracks performance within a set time frame. Winners are usually determined by who grows their demo balance the most or achieves the best risk-to-reward ratio.
And about the entry fee?
It is free for everyone. Anyone can join the tournaments, which use $10,000 in virtual funds, and award real cash prizes to top performers with no deposit required.
Most importantly, the low-risk environment makes the tournament exciting. Here, traders can test their decision-making skills under real market conditions, but without the financial pressure of live trading.
Prizes per monthly tournament:
- 1st place: $1,000 (cash prize)
- 2nd place: $600
- 3rd place: $400
The team Deriv will connect with the winners via email within 48 hours of the tournament ending. A verified account is required. So, verify with the necessary documents before joining the tournament.
On the other hand, prizes must be claimed within 30 days of notification.