XM is running a Weekly Demo Contest, which provides a grand cash prize of $2,500 to the winner with the highest ranking.
For almost two and a half decades, XM forex broker, has been one of the market leaders, providing more than 1000 instruments. While serving more than 2.4 million clients worldwide, the company announced the release of The Demo Seven-Day Showdown, which occurs weekly.
It is a one-time opportunity to win cash prizes by fairly competing using risk-free virtual money. Traders also do not need to top-up because all participants receive a virtual balance of $1,000 for the demo competition.
To join the contest, traders must be at least 18 years old and register a live MT5 account on the XM demo competition before the contest starts. After the eligibility conditions apply, participants will automatically enter the competition and receive a demo account and virtual money. The higher the account performance ranking during the contest period, the closer you are to winning.
At the end of the competition, the low-deposit provider broker will select 14 contestants with the highest rankings and statistics to claim prizes, with first, second and third-place prizes of 2,500 USD, 1,500 USD and 1000 USD, respectively. Other prizes are:
- Fourth Place 750 USD
- Fifth and Sixth Place 500 USD
- Seventh to Eighth Place 400 USD
- Tenth and Eleventh Place 300 USD
- Twelfth and Thirteenth Place 200 USD
- Fourteenth Place 100 USD
In other forex broker news, XM reported collaborating with the We Listen Malaysia Organization early this year.