Home » Forex Demo Contest » InstaForex Lucky Trader Contest
Last Updated: Nov 28, 2024 @ 5:25 pm Broker Details
Broker Name
InstaForex
InstaForex
Penguin Meter
Contest Description
Lucky Trader Demo Contest
Lucky Trader Demo Contest
Expiry Date
On Going
On Going
InstaForex Demo Contest Details:
How to Participate in the InstaForex Lucky Trader Demo Contest
The InstaForex Lucky Trader contest is an exciting two-week demo trading competition where traders compete to earn the highest rating by generating profit pips while minimizing loss pips. Here’s how you can participate and what prizes you can win!
How to Join the Lucky Trader Contest
- Register for the Contest: Sign up for the contest through the InstaForex website.
- Get the Initial Deposit: Upon registration, you’ll receive an initial deposit of $30,000 in your demo account.
- Trade with High Leverage: The contest allows you to trade with a leverage of 1:500.
- Choose Your Trade Size: You can trade with positions ranging from 0.01 lot to 1 lot.
- Start Trading: The goal is to generate the highest rating, which is calculated by adding profit pips and subtracting loss pips.
- Monitor Results: The results are updated weekly, with a final calculation every Saturday at 12:00 GMT+3.
Contest Details
- Duration: The contest lasts for 2 weeks, held every two weeks from Monday 00:00 to Friday 23:59:59 (terminal time).
- Initial Deposit: $30,000 for all participants (non-changeable).
- Leverage: 1:500.
- Prize Pool: The prize pool for each contest is $3,000, with special prize pools of $6,000 in some months.
- Registration: You can register during the ongoing contest, but registration closes 1 hour before the start of the next competition.
- Trade Size: The minimum trade size is 0.01 lot, and the maximum is 1 lot.
Prizes
The prize pool of $3,000 is distributed among the top 8 participants:
- 1st Place: $1,000
- 2nd Place: $750
- 3rd Place: $500
- 4th Place: $250
- 5th Place: $200
- 6th Place: $150
- 7th Place: $100
- 8th Place: $50
In some months, such as November, the prize pool is increased to $6,000.
Key Points
- Free Participation: The contest is completely free to enter.
- Eligibility: Open to participants over the age of 18.
- Fair Play: The contest administrators monitor for any unfair practices, such as using multiple accounts or exploiting system errors, and reserve the right to disqualify violators.
Contest Cycle
- Weekly Frequency: The contest is held every two weeks, with each contest starting on Monday at 00:00 and ending on Friday at 23:59:59 (terminal time).
- Next Contest Registration: Registration for the next contest closes 1 hour before it begins.
Don’t miss your chance to test your trading skills in a competitive, fun environment and win cash prizes with InstaForex’s Lucky Trader contest!