Valutrades, a provider of margin Forex and CFD trading, is pleased to announce its first demo trading competition. Running from the 15th May (21:00 GMT) to the 14th June (21:00 GMT), the top 4 traders based on performance at the end of the contest will share in a total prize pool of $7000. First and second prize winners will also receive an upgrade to a VIP account. This account type is usually only reserved for clients with a cash balance of over $100,000. The idea of doing a demo FX competition is a great opportunity for Valutrades to engage with people that have a huge variety of different trading strategies. It will be very exciting to see which strategies perform best in the current market conditions and interesting to see if anyone makes use of our range of free MT4 indicators, webinars and ValuSentiment trading tools in formulating their strategies. (Graeme Watkins CEO)MyFXBook will manage the competition through their online portal and will provide daily performance updates and statistics. Traders who wish to participate in the contest are required to register online, and download the Valutrades MT4 platform. They will receive the MT4 demo account details via their registration email.