The Xtream forex Demo Competition

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Forex companies are always attempting to get the attention of potential clients through different promotions and bonuses. One method many companies use as a form of promotion is Demo Competitions. Forex Demo competitions are very popular for some countries, and are highly demanded. The basis of a demo competition is getting traders to trade against each other with the result of a single or multiple winners. 

The attraction of a demo competitions is that traders do not have to invest any money to participate; the company provides them with an account and virtual money to start trading. Of course no profits (or losses) are made but if a trader ranks on top opposite the other contestants he/she wins valuable prizes. 

Winning usually means making the highest profits, or trading the highest volume. And the prizes can be trading credits for opening a live account, gadgets, phones, trips or whatever the company believes will be the most attractive for its target clients. 

Forex demo competitions are also a method of getting new leads for the sales team of a company. All contestants leave their contact information in order to participate. The company has already made a case for itself, and showcased its platform and services to the contestants, which is stronger than any form of advertising, and now it can reach out to the contestants and ask if they are interested in opening a live account.

Over all demo competitions are a healthy and fun way of getting traders together, and getting potential clients, benefiting both sides. 



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