8 top performing traders with more winning pips will win the cash prizes in this contest.
Click here to join the Contest.
|Prizes||$3,000 Cash Prize Pool|
Every 2 weeks
How to participate
Signup and open a demo contest account.
- InstaForex Lucky Trader Demo Contest
- How to join in InstaForex’s Lucky Trader Demo Contest?
- Cash Prizes for the top 8 performing traders
- How the winners are determined?
- Trading Conditions of the Contest Account
- How to get the Cash Prize?
Unlike other standard trading contests, InstaForex’s “Lucky Trader” contest chooses the winners according to the participants’ winning pips.
Not the account balance, but the winning pips earned by the participants during the contest period will decide the top 8 performing traders.
The contest runs on demo accounts with virtual money, thus does not involve any risks to your own fund.
InstaForex Lucky Trader Demo Contest
Lucky Trader demo trading contest is available for all traders of InstaForex.
Here are the main rules and conditions of the promotion.
|Contest Type||Demo accounts|
|Competition of||Earned Pips|
|Contest Duration||2 weeks|
|Cash Prize||3,000 USD per round|
|Number of winners||5|
|Withdrawal of Cash Prize||Not available but available only for trading purpose|
|Requirement to participate||Contest account opening|
If you are lucky enough to earn the pips more than other participants, you will receive a cash prize.
For more information about the share of $3000 cash prize pool, please refer to another section.
How to join in InstaForex’s Lucky Trader Demo Contest?
You can participate in the contest with only one account.
Follow the steps below to participate in InstaForex’s Lucky Trader contest.
- Register for InstaForex’s service online
The contest is available for both new and existing traders of InstaForex. You can also participate in other contests at the same time.
- Go to the contest page
In InstaForex Official Website, go to the contest page of “Lucky Trader”.
- Register for the contest
In the contest page, register for the next round of contest. Registration for the next competition finishes 1 hour before the contest starts.
- Login and start trading
Each round of contest runs for two weeks from 00:00 Monday to 23:59:59(terminal time) Friday.
This InstaForex’s demo trading contest “Lucky Trader” does not complete for the account balance, but for winning pips.
Cash Prizes for the top 8 performing traders
At the end of the each contest round, all position will be closed automatically and the calculation for the winners will be made.
There will be 8 winners for each round.
The total cash prize pool is 3,000 USD which will be distributed to the 8 top performing traders accordingly.
The winners will be decided according to the winning pips.
How the winners are determined?
The winners of InstaForex’s Lucky Trader contest are not decided by the largest account balance.
InstaForex uses the rating which is calculated by summation of profit pips and subtraction of loss pips.
Thus the calculation to determine the winners is:
Profit Pips – Loss Pips = Total earned pips
Trading Conditions of the Contest Account
Every contest account has the same trading conditions at the start.
Please refer to the below table for more information.
|Initial Account Balance||30,000 USD|
|Use of Expert Advisers||Allowed|
|Restrictions of trading strategies||None|
|Available Symbols for trading||Only Forex pairs|
|Available trading volume||From 0.01 to 1 lots|
|Swap Free Account||Available|
|Maximum number of simultaneous positions||10|
|Stop Out Level||10%|
The trading conditions of the contest account cannot be changed.
How to get the Cash Prize?
If you have won a contest by becoming one of the 8 top performing traders, you will be contacted by InstaForex after the final calculation is done.
Once its announcement, you must open a new live trading account and complete verification process to receive the cash prize.
The cash prize will be credited into your applicable trading account and will be available for trading purpose.
The cash prize amount cannot be withdrawn, you can withdraw any amount of profits from the account with no limit.