The Headway Market Kings Forex demo contest gives you $10,000 virtual funds on MT5 and top 10 cash prizes, with no real money at risk.
Direct link to the Market Kings Forex Demo Trading Contest
Risk warning: trading forex/CFDs is risky, and bonuses and contests come with conditions.
What Is the Headway Market Kings Forex Demo Contest?
The Headway Market Kings Forex contest is a demo trading competition. You trade on a Forex demo account with virtual funds. You can practise your strategies and compete for cash prizes without risking your own money.
The contest is open to both new and experienced traders. Beginners can use it to get a feel for how the market moves. Experienced traders can test a strategy in a competitive setup.
A leaderboard ranks the traders. The top 10 can win cash prizes.
Key Facts
- Contest type: demo trading contest on a Forex demo account
- Platform: MT5
- Initial balance: $10,000 (virtual)
- Registration: June 22 to July 13
- Final leaderboard: July 14, in your Personal Area
- Prizes: cash for the top 10 traders, from $1,000 down to $50
- Winnings: fully withdrawable
Headway Market Kings Forex Contest Details
These are the trading conditions for the contest account:
- Platform: MT5
- Leverage: 1:500
- Trading instruments: All available instruments
- Initial balance: $10,000
Note that 1:500 is the leverage for the contest account. The broker information further down lists a different maximum leverage for live accounts.
Demo is not the same as live trading
High leverage can magnify gains, but it also magnifies losses. A demo account is a safe place to learn this.
Remember that a demo contest is not live trading. Real accounts bring costs, slippage and emotional pressure that virtual funds do not.
Headway Market Kings Forex Contest Prizes
The top 10 traders receive cash prizes:
| Place | Prize |
|---|---|
| 1st place | $1,000 |
| 2nd place | $500 |
| 3rd place | $200 |
| 4th place | $100 |
| 5th place | $75 |
| 6th to 10th places | $50 each |
The winnings are fully withdrawable. Even so, read the official contest rules. They explain how results are ranked and how prizes are paid out.
How to Join the Headway Market Kings Forex Contest
- Register for the Market Kings Forex Demo Trading Contest. Registration is open from June 22 to July 13.
- Trade on the contest Forex demo account and build your results during the competition period.
- Check the final leaderboard in your Personal Area on July 14.
- Claim your prize if you finish among the winners. The winnings are fully withdrawable.
Register before the deadline. Late entries may not be accepted, so do not wait until the last day.
Tips for Trading in a Demo Contest
A leaderboard can tempt traders to take big risks. Here are some general ideas to keep in mind:
- Decide on a plan before you place your first trade.
- Use stop-loss orders to limit the damage from a bad trade.
- Do not use the full leverage just because it is available.
- Keep a simple trading journal to learn from each trade.
- Treat the virtual balance as real money. This builds good habits for live trading.
Chasing first place with huge trades may win a demo prize. The same habit can wipe out a live account quickly. Steady, planned trading is a better lesson to take away.
Who Is This Contest For?
New traders can learn the MT5 platform and see how prices move, with no financial risk. More experienced traders can test a new strategy against other traders.
The Headway Market Kings Forex contest may also suit traders who want to try a broker platform before opening a live account. It is a way to look at the platform, not a promise of future results.
More Headway Demo Contests
If you want to compare this contest with other Headway contests, see these pages:
- Enter the Headway Broker Forex Demo Trading Contest
- The Challenge Forex Demo Trading Contest at Headway
- Headway Launches Crypto vs Forex A New Demo Contest
- Join the Headway Forex Trading Kings Exclusive Demo Contest
- Mzansi Trading Kings Demo Contest Guide from Headway
- Take part in the Headway Forex New Year Demo Trading Contest
- Headway Volatility Masters Forex Demo Trading Contest
- The Headway Gold vs Oil Forex Demo Trading Contest
- Win The Headway Gold Rush Forex Trading Demo Contest
Broker Information
Headquarters: 3 Flamingo Crescent, Beacon Bay, East London, 5241, South Africa
Foundation year: 2027
Country: South Africa
Email: care@hw.site
Trading platforms: MetaTrader5, MetaTrader4 (Mobile, Desktop and Web)
Funding methods: Bank wire, OVO, GoPay, Credit/Debit Card, DANA, Akulaku, QRIS Virtual account, online banking, SticPay, Perfect Money, Crypto QR Code, MomoPay, ZaloPay, Promptpay, TrueMoney, GCash, PIX cash, PayMaya, AstroPay, Paylivre
Max leverage: 1:1000*
Minimum deposit:
- Cent Account, $1
- Standard Account, $10
- Pro Account, $100
Base currencies: USD, EUR, IDR, JPY, THB
Minimum spreads: 0.0 pips*
The asterisks (*) mean conditions apply. Check the broker's website for the exact terms. Available funding methods may also differ by country.
FAQ
Do I need real money to enter the Headway Market Kings Forex contest?
No. You trade on a Forex demo account with virtual funds, so you do not risk your own money. The contest page does not list an entry fee.
When can I register?
Registration is open from June 22 to July 13. The final leaderboard is shown in your Personal Area on July 14.
How many traders win prizes?
The top 10 traders win cash. First place gets $1,000, and places 6 to 10 get $50 each.
Can I withdraw my winnings?
Yes. Headway states the winnings are fully withdrawable. Check the official contest rules and the broker's terms for the payout steps, such as account verification.
Risk warning: trading forex/CFDs is risky, and bonuses and contests come with conditions. Read the full terms before you take part.
