The beauty of Demo and Live trading contests:

You can trade your favorite strategy and receive an additional reward for your success if you're a winner!

Forex Demo contests

The most attractive type of competition for new traders, as they risk no capital and in return gain trading experience as well as the ability to compare their trading achievements against other competitor results. Forex brokers who run demo contests often offer cash prizes: which is a great reward for virtual trading! These prizes can be either withdrawn or put on a live account - rules vary from broker to broker.

Forex Live contests

Allow traders to trade their favorite strategies, earn regular profits and at the same time compete against other experienced participants. Live trading prizes, as a rule, are much higher than demo prizes. Live trading contests are recommended for traders who are confident in their trading performance, because unlike with a virtual account, trading discipline here is very important!

Even if you find that some contests have been expired, it is worth checking back with a broker, chances are high they will have another competition open soon!