Here is a list of forex trading contests 2023 with the biggest prizes, up to more than 50,000 dollars!

Forex Trading Contests with Huge Prizes in 2023

Forex trading contests aim to match forex traders against one another, to let them demonstrate their skills and trading strategies. The top competitors grab the best prizes at the conclusion of the tournament, while the other competitors always leave with a wealth of fresh information and experience that is ultimately very beneficial for everyone.

In this context, forex trading contests may motivate us to bring out the best in ourselves. On top of that, winners may gain huge prizes, as much as hundreds or even thousands of dollars.

Are you interested? Here are some of the biggest forex trading contests in 2023 in terms of the prize:

  1. Triathlon Contest from FIBO Group: $50,000+
  2. Trade2Win from Weltrade: $10,000
  3. Best of the Best from LiteFinance: $10,000
  4. Virtual to Real demo contest from HF Markets: $3500
  5. Top Trader Contest from Juno Markets: $1750
  6. Sniper contest from InstaForex: $1500
  7. Trader of the Month from Tickmill: $1000

Let's get to the next part to see more details on each forex contest.

 

FIBO Group's Triathlon

  • Type: Demo and Real
  • Eligibility
  • Trading platforms: MT4
  • Prize pool: more than $50,000
  • Top prize: $25,000
  • Contest periods: weekly until December 2023
  • Forex Trading Contest rules:
    • New participants enter the new round of the competition that starts every Monday at 00.00 EET with an MT4 NDD demo account. Register through the Client Area in FIBO Group website.
    • Ten first-round winners will take part in the second round to compete using MT4 NDD real account.
    • The contestant with the highest profitability will be the second-round winner and receive $1000, credited to their Managed (PAMM) account.
    • The third round of the competition will go on until December 1, 2023. Three winners are identified through the lottery to get top prizes based on the points they get during the competition. Other contestants may withdraw the profits gained through their Managed accounts.
🌐 Website
www.fibogroup.com
Leverage
1:1000
💼 Regulation
💲 Min Deposit
$1
Year Established
1998

PAMM
Segregated accounts
Managed accounts
MAM
Trading by phone
Compensation scheme
Islamic account
Low spread eur/usd
Affiliate program
Education
Copy trading
WebMoney
Skrill
Wire transfer
Neteller
FasaPay

International Financial Holding, officially known as FIBOGroup (Financial Intermarket Brokerage Online Group), is a brokerage company offering online trading services since 1998. With the mission to always meet the highest international standards, FIBO is currently regulated by the Financial Services Commission of the British Virgin Islands and the Cyprus Securities and Exchange Commission (CySEC).

The company is very "generous" in offering different types of trading accounts. Aside from Cent Account and MT5 NDD, the minimum deposit in FIBOgroup's accounts starts from $50. It is important to note that MT5 NDD requires a minimum deposit of $1000. Trading in FIBOGroup enables traders to enjoy variable spreads, although the MT4 Fixed account offers fixed spreads from 2 pips.

Meanwhile, the average maximum leverage in FIBOGroup is 1:400. Only two types of accounts have different standards of the highest leverage; 1:1000 in Cent Account and 1:200 in MT4 Fixed.

FIBOGroup provides a comprehensive market analysis comprised of contents on long-term forecasts, economic calendar, interest rates, financial instruments, and Shares.

The company also houses a proprietary PAMM feature that allows professional traders to become Account Managers with a profit-sharing system. New traders who open accounts in FIBO can benefit from PAMM by following an Account Manager that they choose by their preferences. For this particular feature, FIBOGroup provides a special feature of the Manager rating table.

Since its invention in the late 1990s, FIBOGroup has reached global recognition. They have official branches in Vienna, Limassol, Munich, Shanghai, Kyiv, Limassol, and Almaty. Deposit and withdrawal options range from wire transfer, credit card, BitPay, Blockchain, Neteller, Skrill, Perfect Money, FasaPay, and many others.

In conclusion, FIBO Group is an experienced broker for adventurous traders who like to try out various trading conditions; from variable spreads to fixed spreads, from MT4 to cTrader, from low leverage to high leverage, from independent trading to PAMM trading. Their low deposit requirement also indicates that it is open to all kinds of traders regardless of their amount of capital.

 

Weltrade's Trade2Win

  • Type: Real
  • Eligibility: Anyone who has an active Weltrade account, fulfills the minimum deposit requirement, and has verified their phone number
  • Trading platforms: MT4 and MT5.
  • Prize pool: $10,000 for 10 winners.
  • Top prize: $3000
  • Contest periods: weekly
  • Forex Trading Contest rules:
    • Register a real account with Weltrade.
    • Complete a total trading turnover of at least two full standard lots in a week on any trading account.
    • Winners are determined through a random lottery.
    • The prize is added automatically to the trading account. Winners can withdraw the funds or use them to trade.
🌐 Website
www.weltrade.com
Leverage
1:500
💼 Regulation
💲 Min Deposit
$25
Year Established
2006

Bonuses
PAMM
Personal manager
Trading contests
VPS
Free education
Trading by phone
Skrill
Wire transfer
Neteller
FasaPay

 

LiteFinance Best of The Best

  • Type: Demo
  • Eligibility:
    • Anyone who registers for the contest through LiteFinance website.
    • The contest is not available for clients from the USA, Japan, Israel, and EU countries.
  • Trading platforms: not specified
  • Prize pool: $10,000 for five winners
  • Top prize: $4000
  • Contest periods: monthly
  • Forex Trading Contest rules:
    • Each round begins on the 1st day of the month and ends on the last day of the month. New participants have to register prior to the beginning of the next round.
    • Upon contest registration, participants will receive a Contest Demo ECN account with an initial balance of 5000 and fixed leverage at 1:400.
    • The first 5 participants with the best Profitability/Risk ratio by the end of the contest will be regarded as winners.
    • Winners have to sign up for an ECN trading account in LiteFinance's Social Trading, verify their personal profile, and send confirmation email to LiteFinance in order to get the prize.
    • Prize funds will be credited to the winner's real account. It cannot be withdrawn and will expire within the next 6 months. Profits made by a winner in their trading account by use of prize funds may be withdrawn without any restrictions.
Leverage
1:500
💼 Regulation
💲 Min Deposit
$50
Year Established
2005

Bonuses
Trading contests
VPS
Negative balance protection
Affiliate program
Interest rate on funds
Copy trading
Webinar
Swap
Low spread eur/usd
Islamic account
WebMoney
Skrill
Wire transfer
Neteller
QIWI

Regulated by the Cyprus Securities and Exchange Commission (CySEC), LiteForex is also subjected to the European Securities and Markets Authority (ESMA). However, aside from basing its operation on Cyprus, LiteForex also branched to the Marshall Islands. Here, LiteForex hasn't been regulated by any financial regulator yet and conducts its operation under the name of LiteForex Investments Limited (different from LiteForex European Limited which is regulated under CySEC).

Based on some traders' experience registering in LiteForex, the company doesn't strictly limit EU-based traders to LiteForex European Limited. Such traders can openly register under LiteForex Investments Limited that is not subjected to higher leverage restrictions issued by ESMA.

Trading assets in LiteForex range from Currency, Metals, Oil, Stock in CFD, Global Indice, as well as Cryptocurrency. More importantly, the broker provides traders with the chance of trading more than 40 large American companies' Stocks in CFDs.

With the support of both MetaTrader 4 and 5 platforms, LiteForex traders are given the freedom of trading various instruments with the most well-known technologies in trading. It is also the gateway to access an extremely wide selection of custom indicators and Expert Advisors that everyone can discuss and download in MQL4 and MQL5 sites.

ECN and Classic are the only account types offered by LiteForex. Although relatively limited, the account choices have managed to accommodate the majority of traders' needs, particularly those with early to intermediate levels of trading experience.

Interestingly, LiteForex boasts its capability of giving an annual interest for ECN traders which amounts to 2.5% of the accumulated daily free margin. As a complimentary, LiteForex also built a Social Trading system that manages to completely resemble a social media platform with special features solely based on usual trading necessities. The said platform is also easily integrated with traders' Member Area.

On the payment methods' front, LiteForex provides a lot of choices ranging from standard Bank Transfer to electronic payments like Skrill and Neteller. This broker is also known for its ongoing Zero Fees program that relieves traders from the attached fees from each method payment.

More than its commitment to ease traders' experience in terms of payment and trading, Liteforex used to be recognized as one of the first brokers initiating the innovation of Cent Account for small traders, thus the name "Lite". However, the company's focus seems to change over the years so they now choose to limit their service only to ECN and Classic traders.

Furthermore, LiteForex has been serving global retail traders since 2005, an accomplishment not many forex companies can achieve. Therefore, it can be concluded that even though LiteForex is operating as an offshore forex broker, its durability for more than 10 years serves as a reminder of retail traders' trust.

Another thing to note from this broker may come from its expansion to Asian countries and their passionate effort to penetrate the markets profoundly. Not only the language support in the official website, but LiteForex also goes beyond to maximize its commitment by providing local payments and other means specifically tailored for each country's traders.

To keep their traders engaged in more trading activities, LiteForex also holds seasonal trading contests and various kinds of promotional bonuses. Their profile in numerous review sites also indicates a relatively safe broker for retail traders.

Yet, it is important to note that LiteForex offers its service globally as LiteForex Investments Limited which hasn't been registered to any financial regulations. This may subject traders to difficulties in filing complaints and compensation claims should there be unfortunate incidents in the future.

But if we take a look at its long-standing as a comparatively experienced broker since 2005, it is quite safe to say that trading in LiteForex can be considered quite reliable, especially considering its status as an offshore brokerage.

 

HF Markets' Virtual to Real Demo Contest

  • Type: Demo
  • Eligibility
    • Anyone who creates a Live Trading account with HF Markets and registers a Demo Contest account separately.
    • Each participant may register only one Demo Contest account.
    • The contest is not available for residents of China and/or Bangladesh.
  • Trading platforms: not specified
  • Prize pool: $3500 for three winners
  • Top prize: $2000
  • Contest periods: monthly
  • Forex Trading Contest rules:
    • Each round begins on the 1st day of the month and ends on the last day of the month. New participants have to register prior to the beginning of the next round.
    • The winner is the contestant with the highest gain according to the predetermined formula (read T&C for further information).
    • Prizes will be credited to the winner's Live Trading account. Profits can be withdrawn as long as the winner has completed at least 50 round turn trades and a total volume of 10 standard lots. Upon withdrawal of profits, the prize amount will be deducted from the Live Account.
🌐 Website
www.hfm.com
Leverage
1:2000
💼 Regulation
💲 Min Deposit
$
Year Established
2010

Bonus offers
Trading contests
Free education
Personal manager
Trading by telephone
PAMM
Segregated accounts
Managed accounts
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
VPS
Copy trading
FasaPay
Neteller
Skrill
WebMoney
Wire transfer

HF Markets is an award-winning forex and commodities broker. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HF Markets has around 1,500,000 live accounts opened and 200 employees globally.

Based on its services, HF Markets can be regarded as middle-class category. Clients do not need to prepare a big deposit for joining to trade with this broker. Also, there are various account types, trading software, and tools to facilitate individuals and institutional customers to trade forex and CFD online.

HF Markets is a registered brand name of HF Markets (Europe). Based on the location, the company is regulated by various financial regulators. Here are the details:

  • HF Markets (SV) Ltd, registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
  • HF Markets (Europe), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with Licence Number 183/12.
  • HF Markets SA (PTY), is authorized and regulated as a Financial Service Provider (FSP) by the Financial Sector Conduct Authority (FSCA) in South Africa, under license number 46632.
  • HF Markets (Seychelles), incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
  • HF Markets (DIFC) Ltd, authorized and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.
  • HF Markets (UK) Ltd, authorized and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.

If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risks. For that reason, these kinds of clients are granted access to more favorable rates but afforded lesser regulatory protections than retail clients.

Trading with HF Markets can enable traders to access a variety of trading instruments like CFDs on Forex, Cryptocurrencies, spot metals (gold, silver, and others), energies (oil and gas), commodities (such as coffee, copper, and sugar), indices, bonds, and popular shares such as Google, Apple, and Facebook.

HF Markets offers some of the tightest spreads in the market, starting from 0 pips in Zero Account. This broker quote major foreign exchange currency pairs to five decimal places. Therefore, traders have the opportunity to get more accurate pricing and the best possible spreads.

HF Markets receives numerous highly prestigious titles, including the huge honor of being ed to join the ranks of the World Finance Top 100 Global Companies. Others are Best Client Funds Security Global by Global Brands Magazine, Best Global Forex Copy Trading Platform by Global Forex Awards 2019, Fastest Growing Forex Broker Mena 2019 by International Business Magazine, and many more.

After opening an account in HF Markets, traders will obtain various forex trading platforms to accommodate all of their trading demands. Whether traders like to trade on desktop or prefer to trade on-the-go, they can use MetaTrader 4 on desktop (terminal, multi-terminal, and web terminal) and phone (iPhone, iPad, and Android).

Clients' funds are held in segregated accounts. Only major banks are used by Markets because they believe that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds.

Traders do not need to worry about transaction fees when depositing and withdrawing. Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments (Neteller, iDeal, Sofort Banking, and Skrill). HF Markets ensures that traders make fast transactions 24/5 during the standard hours.

Traders can earn extra income by joining the affiliate program offered by Markets. Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more. More information about HF Markets can be obtained on their official website which is supported in 27 languages.

From the review above, it can be concluded that HF Markets is one of the award-winning forex and commodities brokers. There are various account types traders can choose in HF Markets, and the broker itself becomes a favorite among traders for its low spreads. This condition is very suitable for traders with limited funds and a desire to get more opportunities to gain maximum profit.

 

Juno Markets' Top Trader Contest

  • Type: Real
  • Eligibility: Anyone who signs up for a Juno Markets account, registers for a Juno Markets Contest account separately, and deposits at least $25 to the Contest account.
  • Trading platforms: MT4
  • Prize pool: $1750 for 3 winners
  • Top prize: $1000
  • Contest periods: biweekly
  • Forex Trading Contest rules:
    • New participants have to register for a Juno Markets Contest account and deposit at least $25 to the account prior to the next contest round.
    • The contest account is an STP account with standardized 1:500 leverage.
    • Participants have to strive to get the highest equity percentage change by the end of the contest.
    • Winners will be notified within one week of the contest end date, and cash prizes are credited to the winners' live trading account.
Leverage
1:500
💼 Regulation
💲 Min Deposit
$100
Year Established
2014

PAMM
Managed accounts
MAM
Skrill
Wire transfer
Neteller
FasaPay

Juno Markets is a Forex and CFD Broker providing traders with access to currencies, stocks, indices, and CFDs in spot gold and silver. Established in 2014, the company puts emphasis on Asia; all of its technology including website, trading servers, and liquidity providers are locally hosted in Asia. Juno Markets Limited is incorporated in the Republic of Vanuatu as an International Company and regulated by the Vanuatu Financial Commission (VFSC).

Even if they do not have top-tier regulation, the safety of client funds is paramount to them. Their entire business model is built around providing a superior trading environment while adhering to international compliance standards. All interactions between clients and Juno Markets happen via secure SSL sites, ensuring that no external parties can access their data.

By opening an account in Juno Markets, clients can trade with multiple platforms, including MetaTrader 4 and Juno Auto Trader. MetaTrader 4 is provided by Juno Markets on a web-based version and mobile app. All the forex instruments are offered through their no-dealing execution mode, while the pricing is generated from the world's top-tier liquidity providers to ensure deep and consistent liquidity for clients.

Juno Markets try to offer tools to help traders simplify trades or add trading ideas. All clients have access to daily trading ideas and real-time FX signals. For clients who want to follow professional traders, Juno Markets offers a fund manager portfolio where clients can invest in proven fund managers and Juno Auto Trader, where clients can choose to automatically follow different professional traders.

Furthermore, the company places great value in their partners and offers opportunities to become an Introducing Broker (IB), Money Manager, or White Label. Juno Markets provides the tools each partner needs for better service.

As IB, partners will receive a personalized back office portal and CRM system, a competitive and flexible commission structure, a mobile dashboard that allows them to track their business on the go, and custom marketing material available in multiple languages. There are four tiers in the program, including Ruby, Gold, Diamond, and Platinum. Each comes along with their benefits to help clients grow business. Because of this, Juno Markets is known for its partnership program and was awarded as the Best IB Program by the China Forex Expo for four consecutive years from 2015 to 2018.

In the education segment, there are some interesting tutorials on the basic concepts of online forex trading. It covers concepts such as how interest rates correlate to the forex market, support and resistance levels, and many others.

There are several ways to fund an account if you are trading in Juno Markets. As a general rule, withdrawals are processed using the same method as was used to deposit funds. Acceptable payment methods include Visa, Mastercard, Skrill, Neteller, China UnionPay, WeChat Pay, FasaPay, and many more. Withdrawals are processed on the day they are received, and the funds will arrive back in clients' accounts within 1-7 days depending on the method of payment. Traders can contact a Juno Markets support team via telephone and by email.

Based on the review above, Juno Markets is a relatively new broker. It does not have top-tier regulation, but it offers a comprehensive choice of trading products and various trading accounts to choose from.

 

InstaForex Sniper

  • Type: Demo
  • Eligibility
    • Anyone who has a verified Live Trading account with InstaForex and registers for the Forex Sniper Contest separately.
    • Each participant may register only one Demo Contest account.
  • Trading platforms: not specified.
  • Prize pool: $1500 for 5 winners
  • Top prize: $500
  • Contest periods: weekly
  • Forex Trading Contest rules:
    • Each round begins at 00.00 on Monday and ends at 23.59 on Friday (terminal). New participants have to register a week in advance through the contest's page on Instaforex website. Registration ends an hour before the contest starts.
    • All participants compete through a demo account with $10,000 in virtual money and 1:500 leverage.
    • The winners are the participants with the highest balance at the end of the contest.
    • Prizes will be credited to the winners' live trading accounts, provided at least 5% of profits during the contest came from GBP/USD and 5% from GBP/JPY. Prizes cannot be withdrawn but they can be used to trade, and profits from the trade can be withdrawn indefinitely.
🌐 Website
www.instaforex.com
Leverage
1:1000
💼 Regulation
💲 Min Deposit
$1
Year Established
2007

Bonuses
PAMM
Trading contests
VPS
Segregated accounts
Compensation scheme
Affiliate program
Trading via API
Education
Copy trading
Webinar
Skrill
Wire transfer
Neteller

InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.

Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.

There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.

Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.

Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.

There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).

Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.

Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.

And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.

Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.

If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.

The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.

The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.

 

Tickmill Trader of the Month

  • Type: Real
  • Eligibility: All Tickmill Ltd. (FSA SC-regulated) live account holders with a minimum equity of $500 will participate in the competition automatically; no separate registration is required. If you don't have an account yet, open a Tickmill account here.
  • Trading platforms: not specified
  • Prize pool: $1000 for one winner
  • Top prize: $1000
  • Contest periods: monthly
  • Forex Trading Contest rules:
    • Each round begins on the first day of the month and ends on the last day of the month.
    • Participants can simply trade as usual. The Winner of each month will be selected by a 3-person jury consisting of Tickmill management members and announced within the first 15 trading days of a new month.
    • The prize will be credited to the winner's live account. It can be used for trading or withdrawn at any time, without any restriction.
🌐 Website
tickmill.com
Leverage
1:500
💼 Regulation
💲 Min Deposit
$100
Year Established
2014

Bonuses
PAMM
Trading contests
Segregated accounts
VPS
MAM
Free education
Trading by phone
Negative balance protection
Compensation scheme
VPS
Personal manager
Affiliate program
Copy trading
Webinar
Islamic account
Low spread eur/usd
WebMoney
Skrill
Wire transfer
Neteller
QIWI
FasaPay

Tickmill is an award-winning global ECN broker, authorized and regulated by the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, and the FSA of Seychelles. Founded in 2014, it offers its retail and institutional clients various trading services with a prime focus on forex, stock, commodities, CFDs, and metals.

For traders who prioritize the value of spreads in broker selection, Tickmill provides excellent services with low spreads, starting from 0.0 pips.

The London-based company has a mission to provide clients with the best possible trading environment, so clients can focus on trading and become successful traders. One way to reach its mission is to offer a fast-execution of 0.15s. With this facility, it's no wonder that Tickmill gets the 2019 Best Forex Execution Broker award by the CFI.co Awards. Also, Tickmill received the achievement as Best CFD Broker Asia 2019 by International Business Magazine, the Best Forex Broker Asia, and the Most Transparent Broker 2019 by Forex Awards.

After registering in Tickmill, traders can choose the most ideal asset among 60 currency pairs that they can trade. If traders aren't sure yet to open a real account, Tickmill recommends learning to trade through a demo account.

There are also educational features such as Webinars, Seminars, Ebooks, and Video Tutorials. All of these facilities can be used by traders to increase knowledge about trading and the financial market as a whole. If traders already have enough knowledge, they have a greater opportunity for earning profit consistently.

For traders registered in real accounts, they can choose between provides three types of accounts, including Pro Account, Classic Account, and VIP Account. Traders can open positions with a minimum order of 0.01 Lots. This applies to all types of accounts.

The company provides recommendations for traders who are still confused when choosing an account. For example, for novice traders, Tickmill encourages clients to choose a Classic Account. It offers optimal conditions with fast order execution while enabling traders to use virtually any trading strategy. Additionally, the account is trade commission-free so traders only pay the bid/ask spread. Other than the 3 main accounts above, Tickmill also provides an Islamic account (swap-free).

The downside is, trading with Tickmill will only enable traders to use MetaTrader 4 as their offered trading platform. Although not much if compared to other brokers, the Tickmill platform provides a user-friendly and highly customizable interface, accompanied by sophisticated order management tools to help traders control positions quickly and efficiently.

The convenience of trading on Tickmill is enhanced by the existence of One-Click EA integrated on MT4. Traders will get Stop Loss and Take Profit calculations automatically. On top of that, Tickmill provides a VPS hosting for automated traders that can't be bothered with technical problems such as troublesome internet connection.

They offer several third-party research solutions, including Autochartist, which is a popular pattern-recognition software that uses automated technical analysis to make forecasts and generate trading signals. Autochartist is available both in Tickmill's web portal and as a platform plugin for MetaTrader 4.

As a Tickmill client, a trader can deposit and withdraw with a variety of payment methods, including Visa, Mastercard, bank transfer, and Skrill. Tickmill accepts deposits and withdrawals in 4 currencies, which include USD, EUR, GBP, and PLN.

Overall, Tickmill is a competitive broker in spreads and provides a safe trading environment with its regulated entities in three different jurisdictions. Although their trading platform is not outstanding, the analytical tools they present to equip traders' needs are considered by retail broker standards.

So, are you interested in winning those huge prizes? Looking at those zeros is certainly tempting. However, there are all kinds of prizes, contest rules, and requirements. To avoid difficulties and misunderstandings, make sure you read all the T&Cs carefully before signing up for any forex trading contests 2023 you choose. For more updated forex trading contests, see this page.