Broker Details
InstaForex Demo Contest Details:
How to Participate in the InstaForex Sniper Demo Contest and Win Exciting Prizes
If you’re looking to test your trading skills and compete for a share of a $1,500 prize pool every week, the InstaForex Sniper Demo Contest offers the perfect opportunity. Here’s how you can participate and what you can win!
Steps to Participate
- Sign Up: Register for the contest on the InstaForex website.
- Get a Demo Account: Upon registration, you’ll be provided with a demo account funded with $10,000.
- Use Leverage: Trade with a leverage of 1:500 to maximize your trading potential.
- Choose Your Lot Size: You can trade with a lot size between 0.01 and 1 lot.
- Start Trading: Begin trading on major currency pairs and cross rates, using any strategy or Expert Advisor (EA) you prefer.
The contest takes place weekly, from Monday 00:00 to Friday 23:59 (server time). You can register for the upcoming contest during the week before it starts, with registration closing 1 hour before the contest begins.
Prize Pool and Rewards
Each week, the prize pool totals $1,500, which is distributed among the top five participants based on their performance:
- 1st Place: $500
- 2nd Place: $400
- 3rd Place: $300
- 4th Place: $200
- 5th Place: $100
In addition to the weekly prize pool, special monthly prize pools offer even bigger rewards:
- Weekly prize pool: $1,500
- Monthly prize pools:
- November: $6,000
- October: $6,000
- September: $7,500
- August: $6,000
- July: $6,000
Contest Details
- Demo Account: Every participant starts with a demo account and an initial deposit of $10,000.
- Trading Conditions: Leverage is set at 1:500, with a minimum trade size of 0.01 lot and a maximum of 1 lot.
- Prizes Are Non-Withdrawable: While you cannot withdraw the prize funds directly, any profits you make from trading with the prize money can be withdrawn.
- Contest Results: Winners are determined by the highest equity at the end of the contest. Results are published 14 days after the contest concludes.
Tips for Winning
- To be eligible for a prize, ensure that at least 5% of your total profit comes from trading GBPUSD and GBPJPY.
- Follow all contest rules and avoid any fraudulent activities, such as opening multiple accounts or trading at non-market prices.
So, if you’re ready to challenge yourself and earn rewards, sign up for the InstaForex Sniper Demo Contest today and put your forex trading skills to the test!
