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The WesternFX $6,000 Demo Trading Contest gives traders the chance to compete for real cash prizes using virtual funds with absolutely no financial risk. WesternFX, regulated by the Financial Services Authority of Saint Vincent and the Grenadines, runs this monthly contest with a $6,000 total prize pool distributed among the champion and six runner-up traders. You’ll trade on a demo account, so there’s no real money at stake. The contest runs for one month and ranks participants by their trading performance. It’s an ideal way to test your strategies, build confidence, and potentially win real trading capital without risking a single dollar of your own money.
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WesternFX ranks all participants based on their trading performance and profit generated during the one-month contest period.
The $6,000 prize pool rewards the champion and six runner-up traders with credits to live trading accounts that you can use for real trading.
You'll trade using virtual funds on MetaTrader 5 with access to over 30 forex pairs, indices, commodities, and CFDs without any real money at risk.
| Regulation | FSA (Saint Vincent and the Grenadines) |
| Contest Prize Pool | $6,000 Monthly |
| Account Type | Demo Account |
| Platform | MetaTrader 5 |
| Min Deposit | $0 |
| Contest Duration | Monthly Cycle |
| Ranking Method | Performance and Profit |
| Max Leverage | Up to 1:500 |
| Founded | 2013 |
| Minimum Live Account | $25 |
The total prize pool is $6,000 distributed among seven winners: one champion and six runner-up traders. The exact breakdown per position isn’t publicly specified, so check the official contest page for current prize distribution details.
No, you don’t need to deposit any real money to participate. The contest uses demo accounts with virtual funds only, so there’s absolutely no financial risk to enter and compete.
No, prizes are awarded as live trading account credits, not direct cash withdrawals. You’ll receive the prize money in a real trading account that you can use to trade, and any profits you generate from trading with those funds follow standard withdrawal procedures.
The contest runs exclusively on MetaTrader 5 (MT5), available in both PC and mobile versions. You’ll have access to over 30 forex currency pairs, indices, commodities, energies, and CFDs during the competition.
WesternFX runs this contest monthly with a new competition starting each month. This gives you regular opportunities to compete and practice your trading skills with fresh leaderboards every month.
You can enter each monthly contest once with one demo account per competition. While you’re limited to a single account per contest cycle, you can participate again when the next monthly contest begins.
Trading forex and CFDs carries significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. Ensure you understand the risks involved and seek independent advice if necessary.
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