Switch Markets has officially launched its exciting Forex Forecast Challenge, a weekly competition giving traders and market enthusiasts the opportunity to win up to $100,000 in real cash by correctly predicting the closing prices of three major currency pairs.
With over 159,000 participants already registered, this free-to-enter challenge offers a compelling way for both new and experienced traders to test their market knowledge and potentially cash in on their accuracy.
How the Forex Forecast Challenge Works
Participants are invited to predict where the following currency pairs will close by the end of the trading week (Friday, NY session close):
- EUR/USD – Euro / U.S. Dollar
- GBP/USD – British Pound / U.S. Dollar
- AUD/USD – Australian Dollar / U.S. Dollar
Correct forecasts win real cash prizes:
- 1 correct prediction: Win $1,000
- 2 correct predictions: Win $20,000
- All 3 correct predictions: Win $100,000
Prizes may be shared equally if multiple participants submit the same correct forecast. Winnings are credited to a live Switch Markets trading account and may be withdrawn after passing standard KYC verification.
Key Features of the Promotion
- Completely free to join – no purchase necessary
- Weekly challenge – a new chance to win every 7 days
- Real cash prizes – no trading required to claim your winnings
- Accurate market data – based on independent price feeds from TradingView
- Global accessibility – open to participants worldwide (terms apply)
Participation Requirements
- A verified email (older than 6 months) and unique mobile number
- Only one entry per participant per week
- Participants must predict the closing price in sequence (1st, 2nd, and 3rd pair)
- Winners must respond to the prize notification email within five working days
Join the Challenge Today
The Forecast Challenge is open now and runs every week. Traders and enthusiasts can register in seconds and submit their predictions for a chance to win big.
About Switch Markets
Switch Markets is a trusted and regulated forex and CFD broker offering institutional-grade spreads and lightning-fast execution. With a focus on transparency and user empowerment, Switch Markets is committed to creating innovative trading experiences for global clients.
Terms and conditions apply. Participants must meet eligibility and KYC requirements to claim prizes.
| Feature |  XM Since 2009 |  Switch Markets Since 2019 |
|---|---|---|
| Rating | ★★★★☆ | ★★☆☆☆ |
| Regulation | CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize), FSCA (South Africa) | — |
| Min Deposit | $5 | $50 |
| Typical Spread | 0.80 | 0.20 |
| Leverage (Max) | 1:30 | 1:500 |
| Platforms | MT4, MT5, Mobile, Proprietary, Web | MT4, Mobile, Web |
| Instruments | Algriculture, Commodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks, Stock CFDs | Commodities, Cryptos, Energies, Indices, Forex, Metals, Stock CFDs |
| Bonus | Yes | Yes |
| Robo Trading Allowed | Yes | Yes |
| Hedging Allowed | Yes | Yes |
| Scalping Allowed | Yes | Yes |
| Swap‑Free / Islamic | Yes | Yes |
| Action | Visit Broker | Read Review |
XM
Since 2009Switch Markets
Since 2019XM
Since 2009
