Headway Launches Gold vs Oil Demo Contest with $3,150 in Prizes

Global broker Headway has announced the launch of Gold vs Oil, a new demo trading contest that challenges traders to choose one of the market’s biggest commodities, compete for real cash prizes, and lead their team to victory.

Registration is now open, with a total prize pool of $3,150 up for grabs.

This time, the competition adds a team element: traders must choose between Team Gold and Team Oil. The top 10 traders will receive cash prizes based on their individual results, while members of the winning team who place in the Top 10 will receive an additional 50% bonus on their prize.

Gold or Oil: Which Market Will Win?Every participant starts on equal terms with a standard MT5 demo account, a $10,000 virtual balance, and 1:500 leverage.

After joining the contest, traders choose their side and trade the corresponding instruments:

Team Gold: XAUUSDTeam Oil: XBRUSD and XTIUSD

With no real funds at risk, participants can test their strategies, challenge other traders, and see how far they can climb on the leaderboard.

$3,150 in Real Cash PrizesThe Top 10 traders with the highest equity at the end of the contest will receive real cash rewards.

The first-place trader will take home $1,000, followed by $500 for second place and $200 for third. Fourth place will receive $100, while traders finishing from fifth through tenth will each receive $50.

But individual performance is only part of the challenge.

If a Top 10 trader belongs to the winning team, Headway will increase their individual prize by 50%. This means the contest rewards not only strong individual performance but also being on the right side of the Gold vs Oil battle.

How to Join Gold vs OilRegistration is available through the contest section in the Headway Personal Area. Traders simply need to open the Gold vs Oil contest page and click Join.

Participants using the Headway mobile app are advised to update it to the latest version before joining.

The competition will run from August 24 at 13:00 GMT+3 until September 7 at 13:00 GMT+3, with the final results announced on September 8.

Pick Your Side and Enter the ChallengeGold vs Oil gives traders an opportunity to put their skills to the test in a competitive environment without risking their own funds.

Whether they prefer trading gold or following the movements of the oil market, participants have two weeks to prove their strategy, fight for a place in the Top 10, and help their team come out on top.

Registration is already open. Choose Gold or Oil, join the competition, and fight for your share of $3,150.

Join now