As it was informed by "Market Leader (US)"
Do demo account contests do good or harm for forex traders?
News of forex broker rating. The opportunity to receive money on a deposit by taking part in broker or DC forex demo account contests attracts many beginning traders. What do such contests give to a trader, how real are their chances of winning, and what are the brokers’ targets when arranging such contests? For it is widely known that
1. Demo account contests are a part of broker company public move in media.
2. Many traders fear that the winners of contests with a large prize fund are often... known in advance.