I like the idea of a contest for investors but not anything as demo / virtual money or with an unsignificant gimmickish prize pool in order to attract a breed of newcommers that will look like the crowd of ZuluTrade, just because I don't want Darwinex to become too "populist" away from a professional image.
Otherwise, why not start all kinds of contests like Dukascopy does, and launch a Miss Darwinex contest, a poker contest, or even a "trade while traveling" video contest and so on ?! If marketing is the goal, there are probably lots of random evil ways to achieve promotional returns, but that will be detrimental to the overall image of serious that should stick to Darwinex...
Also contests can run the risk to be a double sided weapon going back against Darwinex away for the primary advertisement goal. We saw it with DarwinIA that sometimes critics can arrive from nowhere. Just imagine if the investors' contest would be run "the farwest mode", letting investors pick a single or 2 Darwins instead of wide portofolios and granting success to the performance return only. The display would look like shit : some lucky highest returns that are likely unrealistic to replicate again and that don't tell a thing, and plenty of losing investors' accounts that took their chance but missed, or anything in between those extremes (even if not showing, which can make people be anxious with reactions like "what is the other side of the iceberg I am not shown ?"). Then it would only show erroneously that the environnement is unsuited for serious investors to participate because it would create a bubble of nothingness (basicaly, people who may have never acted this way with their own money !).
That's why I would be particularly meticulous how such a new contest is elaborated...
To be clear, I'd rather see this marketing effort as ongoing rewards for live money investors who achieve various good behavior goals with the use of diversified portofolios as mandatory : those could consist of achievements like :
- "lowest day-to-day volatility"
- "lowest drawdown"
- "highest performance / DD ratio for a period of time"
- "shortest time of recovery for the precedent (portofolio) drawdown"
- "best result in the category of 5 to 15 Darwins' portofolio or the category of 15 to 50 Darwins portofolio"
and so on !
Much like DarwinIA has various measures (as attributes), the investors' contest would have a set of rules and give targets in mind as an incitative to create good looking portofolios / indices of Darwins who could act as a showroom for larger investors to be confident enough to join in
...not let everyday people that are broke enough only to trade on virtual money, especially since those type of people will not even have enough money to trade futures instruments outside forex/CFDs, so why grant them of 500€ to begin with which will be unusable for anything that is not trading as gaming-gambling with too little capital ?