InstaForex Sniper Weekly Demo Account Contest With 500 USD Prize
InstaForex Sniper is a weekly demo account contest held by the broker from Russia. This weekly contest is held every Monday 0:00 to Friday 23:59:59 terminal time. Who can participate and how?
The contest is open to all InstaForex trading account holders. Registration will be open all week for the following week's contest and will close one hour before the contest starts. After registering, participants will be provided with a demo account with an initial deposit of 10,000 USD and a default leverage of 1:500. Participants are allowed to use Expert Advisors or any strategy without any restrictions. The only trading instruments available for the contest are major currency pairs and cross rates. Participants can change their account type to a Swap Free account by contacting InstaForex broker Support and making a request.
The five participants with the highest equity value will be chosen as the winners. Each winner will receive a prize of:
- 1st place - 500 USD
- 2nd place - 400 USD
- 3rd place - 300 USD
- 4th place - 200 USD
- 5th place - 100 USD
Winners will be announced within 14 days after the contest ends. The name of the winner will be announced on the InstaForex broker's website. Winners are not allowed to enter the next contest. Meanwhile, participants who have not won a prize are allowed to take part in the next contest by opening a new demo account.
The winner must open and verify a live account within 30 days after the contest results are announced. Prize funds will be credited to the live account. Prizes are not available for withdrawal. However, trading profits from these funds can be withdrawn without any restrictions.
You still have a chance to take part in the next Instaforex Sniper Contest, which will run from December 26 through December 30, 2016. Click to register on the InstaForex broker site.