VideForex trading contest offers traders a great chance to win $2,000, $3,000, or $5,000 cash prizes. If traders complete VideForex registration, they are automatically signed up for these weekly competitions.
This competition supports all 100 Forex, cryptocurrency, indices, metals, and commodities symbols, allowing traders to choose their preferred leverage (up to 1:500) and compete with others.
VideForex Tournaments Guide
VideForex broker holds weekly contests for traders who participate in them and earn the most profit trading binary options instruments. The best traders who climb up the leaderboard can earn cash and bonus prizes.
Before reviewing all the details of these trading competitions, let's have an overview of this VideForex feature:
Entry Fee | Free |
Minimum Balance Required | $10 |
Tradable Assets | Forex, Cryptocurrencies, Metals, Indices, Commodities |
Prize Pool | Up to $5000 |
Suitable For | Beginners to Professionals |
How to Participate in VideForex Tournaments
Traders who register with this broker are automatically enrolled in these competitions. To see your ranking in the trading competitions, click on the “Trading Contest” option from the left panel on the VideForex dashboard.
You'll see a leaderboard displaying traders ranked based on the number of trades they’ve made. This section also shows the start and end time, as well as the total prize pool.
VideForex Tournament Prizes
The total prize pool of the Videforex trading competition is $20,000. VideForex tournament prize pool distribution:
- First place: $5000
- Second place: $3000
- Third place: $2000
- Fourth place: iPad 3 Pro
- Sixth place to twentieth place: Trading bonus ranging from $100 to $1000
VideForex Competition Rules
VideForex has set some rules to uphold fair competition among all its users. VideForex trading competition rules:
- The places are distributed based on the number of traders in 1 week
- No options trading limitation
- The minimum trade size of a trader must be at least $10
- CFD trading volume isn’t counted
- Winners will be automatically notified via email
- To withdraw the prize, the trader must have a balance of at least $250
VideForex vs Other Brokers (Trading Competition)
The table below helps you understand the core benefits and drawbacks tournaments in VideForex and other binary brokers.
Parameters | VideForex Broker | |||
Coverage | Yes | Yes | Yes | Yes |
Entry Fee | Free | Free | $2 | Free |
Minimum Prize Amount | Trading bonus ranging from $100 to $1000 | $10,000 | $1,000 | $600 |
Maximum Prize Amount | $5000 | $1,000,000 | $30,000 | $5,000 |
Re-buy | No | No | Yes | Yes |
TF Expert Suggestion
The total prize pool of the VideForex trading contest is $20,000, which is distributed among the top 20 traders based on their number of trades in 1 week.
If you are among the winners, you can withdraw your prize using the VideForex deposit and withdrawal methods available. Check the articles on the VideForex tutorial page to learn about the payment options.
