Thanks for your reply, next time it occurs I'll take screenshots/record a video of the screen.
Essentially, without no prior warning, I instantly see an amber or red circle around my airplane on Skydemon, and an aural warning about the colliding traffic, often same altitude or slightly above/below.
Due to airspace limitations, were always flying at 1500aal (2000amls), and I often wonder if I'm picking up signals from aircraft on the ground.
But nevertheless, once the waning is out, I cannot see any trace of the other aircraft. Anyway, I'll try and provide more details, also about the configuration once I'm flying.