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Commonly, a lot of Forex trading companies launch a competition for beginners and experienced traders as Forex demo contest. The purpose of these types of competitions is only to increase the popularity of trading companies between traders. Each candidate may join this Forex competition, but participation is more for beginners from the experienced Forex traders as a competitor. Different types of the Forex demo contest has become most popular in the world of trading that includes monthly, Micro and Mini, The MG Forex, The Refco FX and some other are also organized for all types of the newbie traders. The monthly Forex demo contest is open to all traders, but that have a condition that state of the merchant account must be eligible to participate.

The eligibility is organized with some conditions that require a certain minimum amount in your Forex account and that amount should be $ 1000. Micro and Mini Forex trading exciting demonstration of foreign competition, where the entry fee is low for retailers. The registration fee is only $ 500. The low costs attract more merchants to participate their Forex demo contest in the large number. The Refco FX Forex demo contest is organized or started by $5,000 or $10,000. MG Forex demo contest has become the main business in which the investors are winning virtual money and the transaction amount is $ 50,000. It is so affordable and only one small monthly fee is required to participate in this competition.