Trading Contests
Crystal Ball Contests is a broker backed trading competition portal aimed at empowering traders to continuously improve their trading skills by benchmarking their performance against their peers within a simulated environment. Earn Cash prizes by competing against other traders across the globe. Monetize your trading strategies in free or paid trading contests available round the clock.
Do you have what it takes to be a Winner? Register a Free Account to make the most out of your trading skillset.
Or try a free demo account
*All accounts issued for the trading contest are demo accounts that utilize virtual funds and operate within a simulated trading environment only.
Comparison of Trading Contests
Crystal Ball Contests
Free Contest
Paid Contest
Crystal Ball Contests
Minimum Contest Period
Minimum Contest Period
Free Contest None
Paid ContestNone
Minimum Contest Period
Minimum Contest Period
Free Contest None
Paid ContestNone
Crystal Ball Contests
Maximum Contest Period
Maximum Contest Period
Free Contest 31 days
Paid Contest31 days
Maximum Contest Period
Maximum Contest Period
Free Contest 31 days
Paid Contest31 days
Crystal Ball Contests
Daily Loss limit
Daily Loss limit
Free Contest 5%
Paid Contest6%
Daily Loss limit
Daily Loss limit
Free Contest 5%
Paid Contest6%
Crystal Ball Contests
Overall Loss limit
Overall Loss limit
Free Contest 8%
Paid Contest10%
Overall Loss limit
Overall Loss limit
Free Contest 8%
Paid Contest10%
Crystal Ball Contests
Profit Target
Profit Target
Free Contest Unlimited
Paid ContestUnlimited
Profit Target
Profit Target
Free Contest Unlimited
Paid ContestUnlimited
Crystal Ball Contests
Leverage
Leverage
Free Contest 1:100
Paid Contest1:100
Leverage
Leverage
Free Contest 1:100
Paid Contest1:100
Crystal Ball Contests
Reimbursable Fees
Reimbursable Fees
Free Contest Free
Paid Contest1-time payment
Reimbursable Fees
Reimbursable Fees
Free Contest Free
Paid Contest1-time payment
Crystal Ball Contests
Prizes
Prizes
Free Contest Credits
Paid ContestCash Prizes
Prizes
Prizes
Free Contest Credits
Paid ContestCash Prizes
Crystal Ball Contests
Use of EAs / Bots / Algorithms
Use of EAs / Bots / Algorithms
Free Contest Yes
Paid ContestYes
Use of EAs / Bots / Algorithms
Use of EAs / Bots / Algorithms
Free Contest Yes
Paid ContestYes
Crystal Ball Contests
Scalping
Scalping
Free Contest Yes
Paid ContestYes
Scalping
Scalping
Free Contest Yes
Paid ContestYes
Crystal Ball Contests
News trading
News trading
Free Contest Yes
Paid ContestYes
News trading
News trading
Free Contest Yes
Paid ContestYes
Crystal Ball Contests
Hedging
Hedging
Free Contest Yes
Paid ContestYes
Hedging
Hedging
Free Contest Yes
Paid ContestYes
Ready for a new contest?
Or try a free demo account
*All accounts issued for the trading contest are demo accounts that utilize virtual funds and operate within a simulated trading environment only.
FAQs
What are Trading Contests?
Trading contests are competitions where traders compete against each other to see who can achieve the best trading performance within a specified period. These contests are often organized by brokerage firms, prop firms, trading platforms, or financial institutions to attract traders, promote their services, and provide an engaging and competitive environment for traders to showcase their trading skills. Here are some key features of trading contests:
1. Objective: The main objective of trading contests is to achieve the highest percentage gain or profit within a specific time frame. Traders are typically given a starting virtual account balance, and they use this balance to trade various financial instruments such as stocks, forex, commodities, or cryptocurrencies.
2. Rules and Guidelines: Each trading contest has its own set of rules and guidelines that participants must follow. These rules may include restrictions on trading instruments, leverage limits, risk management requirements, and guidelines on how profits and losses are calculated.
3. Duration: Trading contests can last from a few days to several weeks or even months, depending on the organizer. Short-term contests may focus on day trading strategies, while longer-term contests may allow for swing or position trading strategies.
4. Prizes: Trading contests often offer prizes to the winners, such as cash rewards, trading credits, trading tools, or even funded trading accounts. The size and type of prizes can vary depending on the contest organizer and the number of participants.
5. Leaderboard: Participants in trading contests are usually ranked on a leaderboard based on their trading performance. The leaderboard displays key metrics such as total profit, percentage gain, number of trades, and other relevant statistics.
6. Publicity and Recognition: Winning a trading contest can provide traders with publicity and recognition within the trading community. It can also serve as a validation of their trading skills and strategies.
7. Educational Value: Participating in trading contests can be a valuable learning experience for traders, as it allows them to test their trading strategies in a real-time, competitive environment without risking real money. Traders can gain insights into market dynamics, risk management, and trading psychology through their participation in contests.
Overall, trading contests can be a fun and engaging way for traders to test their skills, compete with other traders, and potentially win prizes or recognition for their trading performance.How can I win a trading contest?
Winning a trading contest requires a combination of skill, strategy, discipline, and a bit of luck. Here are some tips to increase your chances of winning a trading contest:
1. Develop a Solid Trading Strategy: Before entering a trading contest, make sure you have a well-defined trading strategy that suits your risk tolerance, time horizon, and market conditions. Test your strategy on a demo account or in the live markets to ensure its effectiveness.
2. Risk Management: Implement proper risk management techniques to protect your capital and minimize losses. Avoid taking unnecessary risks or overleveraging your trades, as this can lead to significant drawdowns.
3. Stay Disciplined: Stick to your trading plan and avoid making impulsive decisions based on emotions or market noise. Maintain discipline in your trading approach and follow your risk management rules.
4. Keep an Eye on Market Trends: Stay informed about market trends, news events, and economic indicators that could impact the financial markets. Be prepared to adjust your trading strategy based on changing market conditions.
5. Monitor Your Trades: Keep a close eye on your trades and monitor your performance regularly. Analyze your winning and losing trades to identify patterns and areas for improvement.
6. Focus on Consistency: Aim for consistent profits rather than chasing large gains in a short period. Consistency in your trading performance can help you build a solid track record and improve your chances of winning the contest.
7. Manage Your Emotions: Trading contests can be intense and competitive, leading to emotional highs and lows. Stay calm, focused, and composed during the contest to make rational trading decisions.
8. Utilize Trading Tools: Take advantage of trading tools and resources available to you, such as technical analysis, fundamental analysis, trading indicators, and risk management calculators, to enhance your trading performance.
9. Learn from Others: Observe the strategies and techniques used by other participants in the contest. Analyze their approaches and incorporate successful strategies into your own trading plan.
10. Stay Positive and Persistent: Winning a trading contest requires patience, perseverance, and a positive mindset. Stay motivated, learn from your mistakes, and continuously improve your trading skills to increase your chances of success.
Remember that winning a trading contest is not guaranteed, as it depends on various factors such as market conditions, competition, and luck. Focus on improving your trading skills, gaining experience, and enjoying the learning process, regardless of the contest outcome.How are winners determined in trading contests?
Winners in trading contests are typically determined based on specific criteria set by the contest organizers. Here are some common ways in which winners are determined in trading contests:
1. Highest Percentage Gain: In many trading contests, winners are determined based on the highest percentage gain achieved during the contest period. This means that participants with the highest percentage return on their initial capital or starting balance are likely to win the contest.
2. Highest Absolute Profit: Some trading contests may also consider the participant with the highest absolute profit or monetary gain during the contest period as the winner. This criterion focuses on the actual profit generated rather than the percentage gain.
3. Risk-Adjusted Returns: In certain trading contests, winners may be determined based on risk-adjusted returns, taking into account factors such as drawdowns, volatility, and risk management. This approach aims to reward participants who achieve consistent profits while managing their risk effectively.
4. Longest Winning Streak: In some trading contests, winners may be determined based on the longest winning streak or the highest number of consecutive profitable trades. This criterion emphasizes consistency and trading skill over short-term gains.
5. Judging Criteria: In certain trading contests, winners may be determined based on judging criteria such as trading strategy, risk management, performance analysis, and adherence to contest rules. Judges or a panel of experts may evaluate participants based on these criteria to determine the winners.
6. Combination of Factors: Some trading contests may use a combination of factors to determine winners, such as a mix of percentage gain, absolute profit, risk-adjusted returns, and other performance metrics. This approach aims to provide a comprehensive evaluation of participants' trading skills and performance.
It's essential to review the specific rules and criteria of the trading contest you are participating in to understand how winners will be determined. By focusing on improving your trading skills, following your trading plan, and managing risk effectively, you can increase your chances of success in trading contests.What types of prizes can I win in trading contests?
In trading contests, participants can win a variety of prizes based on their performance and ranking in the competition. Some common types of prizes that winners may receive in trading contests include:
1. Cash Prizes: Cash prizes are a popular reward in trading contests, with winners receiving a monetary award based on their performance. The amount of cash prize can vary depending on the contest's rules and the participant's ranking.
2. Trading Account Credit: Some trading contests offer winners trading account credits, which can be used for trading purposes, such as covering trading fees, margin requirements, or as additional capital for trading activities.
3. Gift Cards or Vouchers: Winners of trading contests may also receive gift cards or vouchers that can be redeemed for various goods or services, such as electronic gadgets, travel packages, or other products.
4. Trading Tools or Software: Prizes in trading contests may include access to premium trading tools, software, or analytical platforms that can help participants enhance their trading strategies and performance.
5. Educational Resources: Winners of trading contests may receive access to educational resources, such as trading courses, webinars, or mentorship programs, to further develop their trading skills and knowledge.
6. Trading Merchandise: Some trading contests offer winners trading-related merchandise, such as branded clothing, trading accessories, or other promotional items.
7. Networking Opportunities: In some trading contests, winners may receive networking opportunities, such as invitations to industry events, conferences, or meetings with experienced traders and professionals.
8. Sponsor Prizes: Trading contests may also feature sponsor prizes, where partnering companies offer their products or services as rewards for contest winners.
It's essential to review the prize structure and terms of the trading contest you are participating in to understand the rewards available and the criteria for winning them. By focusing on improving your trading skills and performance, you can increase your chances of winning prizes in trading contests.Can beginners participate in trading contests, or are they only for experienced traders?
Trading contests are typically open to traders of all experience levels, including beginners. While some contests may have specific eligibility requirements or restrictions based on trading experience or account size, many contests are designed to be inclusive and offer opportunities for traders at various skill levels to participate.
Participating in trading contests as a beginner can be a valuable learning experience, as it allows you to apply your knowledge and skills in a competitive environment, gain exposure to different trading strategies, and receive feedback on your performance.
Additionally, trading contests can provide beginners with a platform to practice trading without risking real money and to interact with other traders in a supportive community. If you are a beginner interested in participating in a trading contest, consider choosing a contest that is suitable for your level of experience and offers educational resources or support for novice traders. It's also essential to review the contest rules and guidelines, understand the risks involved, and set realistic goals for your participation.
By approaching trading contests as a learning opportunity and focusing on improving your skills, beginners can benefit from the experience and potentially win prizes along the way.
Are there any entry fees for trading contests?
Registering on our website is free. Once you login to your personal area, you will be able to opt into free or paid trading contests or challenges.
What are the rules for trading contests?
Rules may vary by contest. However, each contest will set out clear guidelines relating to risk management (daily loss/drawdown limits, maximum loss/drawdown limits), eligible trading assets, trading strategies and fair play requirements to be followed by all participants.
What happens if I violate the contest rules?
Violating contest rules can result in disqualification, forfeiture of prizes or other penalties as determined for each contest from time to time.
Can I partner with you to create my own branded trading contest?
Yes. As a creator or influencer, you can unlock another potential source of income and engagement with your audience. You can partner with us to deliver a tailored-competition to your existing and new community members which can be monetized. Contact us to discuss the details of your proposed branded competition, and we will be happy to partner with you to deliver a custom made contest to your audience.
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Copyright © 2020 - 2025 Crystal Ball Contests. All Rights Reserved.The content, products, and services of this website are not intended for residents of any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Crystal Ball Contests provides only demo accounts with virtual funds for all users in its competitions, exclusively within a simulated trading environment. Crystal Ball Contests does not offer financial or brokerage services. Fees paid to Crystal Ball Contests are membership subscription fees to participate in trading competitions and do not constitute client money. Crystal Ball Contests is owned and operated by Crystal Ball Markets LLC (262 LLC 2020).