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Forex Contests - Real or Fake?

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May 27, 2013 01:36 pm
#1
Jogi User

Antworten: 685
Member since: 06/06/2011

Most of us have seen different forex brokers offering prizes through contests. These contests are usually for demo traders. In my opinion some unknown brokers take unfair advantage of it by arranging a contest and then including some fake names on top with insanely high profits. 

Have u participated in any of the contests? If yes then did u ever feel that the contest is fake?

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

May 30, 2013 08:07 am
ironical User

Antworten: 734
Member since: 22/04/2011

Reputable brokers arrange real contests but unknown brokers or companies rarely arrange any real contest. 

The good or ill of a man lies within his own will. – Epictetus

May 31, 2013 03:05 am
Champ User

Antworten: 711
Member since: 17/05/2011

There is no way to test if a contest is real or fake. Because they always provide a list of winners. Unless we have inside information, we cannot tell if traders on top are some random people around the globe or the broker itself.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Jun 02, 2013 07:04 am
Sasha User

Antworten: 836
Member since: 16/05/2011

Originally posted by Champ

There is no way to test if a contest is real or fake. Because they always provide a list of winners. Unless we have inside information, we cannot tell if traders on top are some random people around the globe or the broker itself.



Thats true. 

But actually there is no harm in participating because those are demo account contests with real prize money. So even if u loose, u dun loose any real money. 

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