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InstaForex Demo Contest Details:
How to Participate in InstaForex FX-1 Rally Demo Contest
The FX-1 Rally is a weekly demo trading contest hosted by InstaForex, offering traders an exciting opportunity to compete for cash prizes. Here’s a guide on how you can join and the prizes you could win.
Steps to Participate
- Register: Sign up for the contest via the InstaForex website. Registration is open throughout the week but closes one hour before the contest starts on Friday.
- Demo Account: After registering, you’ll receive a demo account with an initial deposit of $40,000.
- Start Trading: Use 1:500 leverage to trade on major forex pairs and crosses. You can trade with a minimum lot size of 0.01 lots and a maximum of 10 lots.
- Compete: The contest runs every Friday from 00:00 to 23:59 (GMT+3). Compete by making the most profitable trades.
- Win Prizes: The top traders with the highest demo account balances at the end of the contest win the prize pool.
Prizes
Each weekly contest has a prize pool of $1,500, distributed as follows:
- 1st Place: $500
- 2nd Place: $400
- 3rd Place: $300
- 4th Place: $200
- 5th Place: $100
These prize amounts are non-withdrawable, but any profit made using the prize funds can be withdrawn without restrictions.
Important Contest Details
- Trading Time: From Friday, 00:00 to 23:59 (GMT+3).
- Leverage: 1:500.
- Account Type: Demo accounts with an initial deposit of $40,000.
- Trade Size: Between 0.01 and 10 lots.
- Prize Distribution: The total weekly prize pool is $1,500, divided among the top 5 winners.
The contest results are announced every Saturday at 12:00 GMT+3.
Why Participate?
- Free entry with a chance to win cash prizes.
- Weekly contests allow frequent participation.
- Trade flexibly with leverage up to 1:500 and choose from a variety of major forex pairs.
For any questions, feel free to reach out to the contest administration at tournament@instaforex.com. Good luck!
