Every week, you have an opportunity to win from 1500 USD prize pool through this demo trading competition.
Click here to join the Contest.
|Prizes||$1500 Cash Prize Pool|
How to participate
Open a contest demo trading account.
- InstaForex Weekly Demo Trading Contest “Sniper”
- How to participate in InstaForex’s Weekly Demo Trading Contest?
- Cash Prizes for the top 5 traders
- Trading Conditions of Demo Contest Account
- Trading Forex with the Cash Prize
“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 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|
|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.
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.
- Register for InstaForex’s service
You must open your client profile to be able to participate in the contest.
- 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.
- 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.
- 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.
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.
The cash prize pool is 1500 USD and it will be distributed to the top 5 traders as follows:
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
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|
|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.
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.