Headway has launched Cryptolympics, a new crypto trading demo contest that lets anyone practice trading digital coins with virtual money and compete for a $2,125 prize pool. Here is how the contest works, what the announced dates are, and how to get the most out of it.
What Is the Headway Cryptolympics Contest?
Cryptolympics is a crypto-focused demo contest run by the Forex broker Headway. It uses virtual money, so participants can test their skills on digital coins without risking real cash. Anyone curious about crypto markets can join, whether they are beginners learning how prices move or experienced traders who want to compare their approach with others.
The goal is simple: trade crypto, climb the leaderboard, and win. Ranking is based on returns by the end of the contest, so the balance you build during the event is what counts.
How the Headway Crypto Demo Contest Works
Rules and Prizes
The rules are straightforward. Trade crypto on your demo account, rise as high as you can on the leaderboard, and aim for one of the top 10 places. The top 10 traders are awarded prizes from the total $2,125 prize pool. Winners receive their money in their platform wallets, where it can be traded further or withdrawn.
The exact prize for each place is set out in the official announcement, so read it before you join.
Key Dates
The schedule announced for this contest is shown below. Times refer to MetaTrader server time.
| Stage | Announced timing |
|---|---|
| Trading stage starts | June 16, 13:00 MetaTrader server time |
| Deadline to grow demo balance | July 7 |
| Results announced | July 9 |
Because these dates may already have passed, check Headway’s official channels for any newer contest before you plan your entry.
Step-by-Step: How to Take Part
- Read the official Cryptolympics announcement for the rules, prize breakdown and dates.
- Open or log in to your demo account on MetaTrader, the platform the contest uses for its server time.
- Confirm how your balance is measured, since ranking depends on returns by the end of the contest.
- Start trading crypto when the trading stage opens.
- Monitor your balance and the leaderboard, and keep your account active until the July 7 deadline.
- Watch for results on July 9 and check your platform wallet if you place among the winners.
Practical Tips for Demo Contest Success
Demo contests reward disciplined trading, not reckless risk. A few habits can make a real difference:
- Size positions carefully. Crypto prices can move sharply. Keep each trade small relative to your balance so one bad move does not erase your standing.
- Be cautious with leverage. High leverage magnifies losses quickly, even on virtual money. Learn the basics in our guide to forex risk management.
- Plan before the start. Define your entry criteria and exit rules before the trading stage opens.
- Track the time zone. Deadlines are tied to MetaTrader server time, not your local clock.
- Avoid chasing the leaderboard. Taking outsized risk late in the contest to catch up can backfire.
- Test on crypto charts first. Practice your approach on the instruments you plan to trade before the contest begins.
If you want more practice formats, browse our forex demo contest coverage for other events.
How Headway’s Demo Contests Have Developed
Cryptolympics is part of a series. Headway has been hosting regular demo contests for several months. The first one was dedicated to the US presidential election and came with a guaranteed $5,000 prize pool. Each winner could earn 50% on top by correctly guessing who would win the race, bringing the total prize pool to $7,500.
Since then, Headway has held monthly demo contests focused on instruments such as gold and stocks, with a unique twist for each event. For details on one of these earlier events, read our overview of the Headway Major League demo contest.
Headway Contests Compared
| Contest | Focus | Prize details |
|---|---|---|
| Cryptolympics | Crypto trading | $2,125 prize pool; top 10 traders awarded |
| US presidential election contest | Election outcome | $5,000 guaranteed; up to 50% extra for a correct guess; $7,500 total |
| Monthly contests | Instruments such as gold and stocks | Unique format for each event |
About the Broker and Its Account Features
Headway is an international Forex broker offering more than 500 trading instruments and a wide range of services for traders at every experience level. Its trading conditions include:
- Swap Free accounts
- Local trading instruments
- Micro lots
- Unlimited leverage
- Deposit bonus
- A minimum deposit of $1
Low minimum deposits and unlimited leverage can be appealing, but they also raise the stakes. Review the full terms carefully and trade within your means. For general background on trading concepts, the educational resources at Investopedia are a useful starting point.
For questions about the contest, email care@hw.site or visit the Headway contacts page.
Final Thoughts
The Headway Cryptolympics gives traders a risk-free way to test crypto strategies against other participants, with a $2,125 prize pool on the line. Read the rules, plan your approach, and keep an eye on the deadlines. Above all, treat the contest as practice that builds skills you can later apply with care on real markets.
FAQ
Do I risk real money in the Headway crypto demo contest?
No. The contest uses virtual money, so you can trade crypto without risking your own cash. Winners, however, receive real money in their platform wallets.
When does the Cryptolympics contest start and end?
The trading stage is announced to start on June 16 at 13:00 MetaTrader server time. Participants have until July 7 to grow their demo balance, and results are announced on July 9.
How much is the prize pool?
The total prize pool for the Cryptolympics contest is $2,125, awarded to the top 10 traders.
How is the winner decided?
Traders are ranked on their returns by the end of the contest. The leaderboard determines who receives a prize.
How are winnings paid out?
Winners receive their money in their platform wallets. From there, the funds can be traded further or withdrawn.