ZX Capital Markets (ZXCM) has introduced the Samurai Demo Trading Contest, a competitive trading challenge designed for traders who want to test their skills in a risk-free demo environment. The contest offers a total prize pool of $150,000, with winners receiving trading credits based on their final ranking.
The competition is conducted through designated demo accounts, allowing participants to trade without using their own capital during the contest period. Traders compete based on their trading performance, and the highest-profit participants can qualify for rewards.
Contest Overview
Organizer: ZX Capital Markets Ltd (ZXCM)
Total Prize Pool: $150,000
Account Type: Designated Contest Demo Account
Ranking Method: Highest absolute profit based on closed and open positions at the end of the contest
Winner Announcement: Within 7 days after the contest ends
Prize Type: Non-withdrawable trading credit
Entries Per Client: One contest entry per participant
How the Prize Conversion Works
The contest prizes are provided as non-withdrawable trading credits. Winners can convert the trading credit into withdrawable cash after completing the required trading volume target.
The conversion formula is:
Required Trading Volume (Lots) = Prize Value (USD) ÷ 10
For example, a trader who receives a $1,000 prize must complete 100 lots of trading volume on a live account within the given period to convert the credit into cash.
The volume target must be completed within 30 days from the date the prize credit is added. If the required volume is not achieved, the credit remains available as trading margin but cannot be withdrawn.
Important Contest Rules
Participants must have a verified live account to receive and convert prizes.
Winners need to complete account verification within the required timeframe after receiving notification.
Only completed trades on the live account count toward the required trading volume.
Pending orders and cancelled trades do not contribute to the volume target.
Trading credit can be used as margin during trading but cannot be withdrawn before meeting the conversion requirements.
Practices such as arbitrage, latency exploitation, using trading bots, collusion, or multiple entries are not allowed and may result in disqualification.
Understanding the Prize Requirements
The size of the prize determines the amount of trading volume required for conversion. Larger rewards require higher trading activity within the 30-day conversion period.
For example, a $10,000 prize requires 1,000 lots of trading volume. Traders should understand the requirements and manage their trading activity carefully before accepting higher-value prizes.
What Traders Should Know
The ZXCM Samurai Demo Trading Contest gives traders an opportunity to practice strategies, compete with other participants, and evaluate their trading performance in a competitive environment.
Although the contest phase uses demo accounts without real capital exposure, converting prizes requires live account trading. Traders should understand the risks involved with forex and CFD trading before participating.
The competition focuses on trading skill, risk management, and consistency, making it important for participants to develop a clear trading plan and follow proper money management practices.
