New Trading Contest

Trading contests are always a lot of fun because they enable you to compete against other traders, and, in most cases, win cash prizes if you turn out to be one of the most profitable traders when the contest ends.

So with that in mind, you may be interested to know that the copy trading site ZuluTrade have just launched a brand new trading contest for summer 2019 that enables you to potentially win up to $5000.

This particular contest commenced on 30 June, but it will run throughout July and won’t finish until 31 July, so you still have time to enter.

(Update – Please note that this contest has now closed. If you continue to read the news stories on this blog, I will alert you to any new contests that ZuluTrade may run in the future).

Prizes

This summer trading contest will only run for one month, but ZuluTrade are offering a top prize of $5000 for the winner, with $2500 going to 2nd place and $1000 going to 3rd place. So it is worth taking this competition seriously.

Rules

Full terms and conditions can be found on the ZuluTrade website, but the key points are that you need to deposit at least $2000 into your ZuluTrade account and trade at least 2 standard lots in July in order to be eligible for the contest. The winners will be the traders with the highest ROI (return on investment) in percentage terms.

Final Thoughts

Unlike many other contests where you are essentially trading a demo account and can afford to take crazy risks in order to go for the big prizes, this one is based on real money accounts only.

Therefore you need to be careful about taking too many risks because you are still putting your own money on the line, but it does mean that if you do have a really good month trading the markets and have met all the criteria of the competition, you have a chance of winning some decent cash prizes if you end up finishing in the top 3 traders for this month.

So if you do decide to enter this exciting new contest, I wish you the best of luck!

Introduction

If you are interested in learning more about ZuluTrade, the popular automated signal service, one of the best ways to find out how it actually works is to open a demo account and test it out for yourself.

With a demo account, you can of course use pretend money, so you can subscribe to as many signal providers as you wish without having to worry about losing any of your capital, and you can also enter trades yourself.

ZuluTrade Demo Trading Contest

You now have even more of an incentive to open a demo account with ZuluTrade because they will shortly be running a demo trading contest where you can put your trading skills to the test and compete against other people to see who can generate the most profit.

The contest starts on 5 June 2018 at 13.00 (UTC), so you obviously need to open a demo account and register for the contest before this time, and it will run for one month until 5 July 2018 at 23.59 (UTC).

(This competition has now closed, but I understand that ZuluTrade are planning on running another trading competition sometime during the summer of 2019, so stay tuned for more details).

Prizes

Entrants will start off with a virtual balance of $10,000 (and 1:100 leverage) and the top 3 traders who have the highest ROI at the end of the contest will receive a cash prize:

• 1st prize = $3000
• 2nd prize = $1500
• 3rd prize = $500

If you would like to register for this demo trading contest, you can do so by visiting the official ZuluTrade website and entering your details.

(full terms and conditions can be found here)

Why You Should Join This Contest

I have taken part in a lot of trading contests in the past and they are always a lot of fun, whether they are forex or stock trading contests.

The fact that you are not risking any of your own money is a major benefit because you can afford to use more leverage and go for the big wins.

Indeed because this is a competition based on ROI, you are unlikely to win one of the top prizes by playing it safe, but you never know.

The point is that it is worth taking this competition seriously because unlike many other trading contests, there are real cash prizes at stake here, with a top prize of $3000, so you have nothing to lose by giving it a shot. In fact you could even earn commissions if people start following your signals.

At the very least, you will learn more about ZuluTrade, and will have the benefit of trying out a trading strategy or two during the course of the contest, which may help you in the future if you ever start trading with real money.