OctaFX Broker is one of the leading Forex brokers and numerous traders are using this platform to earn huge profits each day through Forex trading. This broker promotes trades and encourages trading spirit in many ways. Firstly, the deposit amount while creating an account is very low which proves the credibility of this trading platform. Along with the low deposit 50% bonus is offered on each deposit. This platform has proved through numerous promotional contests that it is not a scam, as traders who know the basics of trading along with all rules and regulations support and promote the use of this platform.

Champion demo contest

This is one of the numerous promotional contests launched by OctaFX broker to promote this platform as well as Forex trading. Octa Markets Incorporated is the company that organizes and runs this competition. This contest continues for a month’s duration and those who have registered before the beginning of the contest can only participate in it. In order to participate in this contest traders have to register for it and the registration dates are announced well in advance. This contest has many rounds and if one is unable to participate in one round, they can wait for some time and take part in the next one.
One can also view the ratings and fluctuations in ranking of the current round without creating an account or registering for this contest. All traders who have registered for it can take part by trading. There are no limitations regarding experience as traders who are new to this platform or completely new to Forex trading can take part in this contest without any hesitation.

Prizes

Only the top four performers get prize money and the prizes for each level are

· 500USD for the first place
· 300USD for the second place
· 100USD for the third place
· Another 100USD for the last place

The participant who has the highest balance in through this trading account wins the contest.

Regulations

There are some regulations for this contest that each trader has to follow.

· A new demo account needs to be created each time one wishes to take part in this contest.
· One should be of the legal age to take part in this competition.
· The data provided during registration for this contest should be real otherwise the OctaFX broker demo account will be disqualified and the trader will not be allowed to take part in the competition.

· The trading conditions for each trading account should be as listed below:
v Account type – should be similar to ECN account of OctaFX broker
v Trading tools – should also be similar to the account conditions of OctaFX broker
v Initial deposit of 1000USD
v Leverage - 1:500
v Minimum volume – 0.1 lot
v Maximum volume is not limited for this contest
· All open orders are immediately closed as soon as the contest ends according to the current rates of the market.
· All techniques of trading and EA are allowed for trading using this platform. The winners have to agree to provide their real names for publication in the company news.