Every week, you have an opportunity to win from 1500 USD prize pool through this demo trading competition.

Contest Overview

Click here to join the Contest.

Contest SponsorInstaForex (InstaForex)
Prizes$1500 Cash Prize Pool
Interval

Every Week

How to participate

Open a contest demo trading account.

instaforex-sniper-demo-virtual-trading-contest-competition

“Sniper” is the title of this weekly demo trading contest run by InstaForex.

The contest gives away cash prizes to the top 5 traders of the contest round.

The cash prize pool is 1500 USD every week.

InstaForex Official Website

InstaForex Weekly Demo Trading Contest “Sniper”

All traders of InstaForex can participate in this promotion, by opening the specific demo trading contest account.

Here are the main rules and conditions of this demo trading contest.

Contest Type Demo Trading Accounts
Contest Duration 1 week
Prize Amount $1500
Number of Winners 5
Requirement to participate Opening of the contest account
Withdrawal of the cash prize Not available
Withdrawal of profits in the prize account Available with no limit

Every week, there will be 5 winners of the contest who will claim the real cash prizes.

Signup for InstaForex online

How to participate in InstaForex’s Weekly Demo Trading Contest?

The contest runs every week, and each contest round lasts for a week.

Follow the steps below to participate in this trading contest next week.

  1. Register for InstaForex’s service
    You must open your client profile to be able to participate in the contest.
  2. Open the contest account
    Go to the contest page of “Sniper” in InstaForex Official Website and register for the contest. You can open only one contest account per round.
  3. Receive the login credentials
    Once you register for the trading contest, the login credentials of your demo trading account will be sent to your email address.
  4. Login and start trading
    Once the next contest round starts, you can start trading in the demo trading account. The top 5 traders of the week will win from the cash prize pool.

To participate in the contest, you must open a new contest account for the next round every time.

Each contest round starts from Monday 00:00 till Friday 23:59:59 (terminal time), and the registration will be closed 1 (one) hour before the Contest starts.

Go to InstaForex Official Website

Cash Prizes for the top 5 traders

At the end of each contest round, the holders of the 5 accounts with the largest account balances will win the cash prizes.

Note that at the end of the contest round, all open and pending positions will be closed and the final calculation will be made.

The cash prize pool is 1500 USD and it will be distributed to the top 5 traders as follows:

1st 500 USD
2nd 400 USD
3rd 300 USD
4th 200 USD
5th 100 USD

Note that to be qualified for one of the above cash prizes, you must fulfill the following requirements:

  • At least 5% of the total profit has to be derived from trading results on GBPUSD
  • At least 5% of the total profit from trading results on GBPJPY

Register for InstaForex online

Trading Conditions of Demo 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 10,000 USD
Leverage 1:500
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 5
Stop Out Level 10%

The trading conditions of the contest account cannot be changed.

Go to InstaForex Official Website

Trading Forex with the Cash Prize

If you have won a contest round, then you will be qualified to receive a cash prize according to the table.

To receive the cash prize, you must open a new live trading account and complete account verification.

You can use the prize funds for trading purpose only, but you cannot withdraw it.

You can withdraw profits made by trading with the cash prize at anytime with no limit.

Note that after any withdrawal is made the prize is being cancelled in full amount.

Visit InstaForex Official Website