From $1,000 to $845,538 in one week?

Have you guys ever checked out this fxclub contest. Every week there are contesters that turn a 1,000 dollars into a shit load of money (supposedly).
Even though it is a demo it would be an incredible achievement. Unless they use a lagging EA. I imagine fxclub wouldn't allow this.
And I don't think this is even possible with there platform.

But I have never read anything bad about fxclub or there contest, not on any forum. That makes me kind of curious what you guys think of this. Would they really lie and forge an interview with trading report including photo of the winner every week. What am I missing here?

this reminds me of Win Broker in cyprus...I entered a competition and after a week or trading I was up around 90%, yet someone in "Jordan" was up 700% in a week????? come on now, I stop doing competitions as I get the feeling of brokers playing around on the platforms and mysterious sand genies doing 700% in a week.

It's quite simple really.

If it's demo-only, all I would need to do is open several accounts.

If 1000 traders enter a contest with 1000$ each after 12 trades one can be a millionaire and it takes less than one hour to reach it.

For a fair contest, make everybody prove their identity, start with a fix sum, allow maximum 3% loss per day and no more than 10 trades. The contest will take one year.

Yes I think you are right. It says 3375 people participated in that contest.
If you make 100+ pips on 12 trades using max lots with 100x leverage you would be a millionaire as you mentioned.
That also explains why only one time the same person won the contest. Which is still pretty amazing.

Thank you.