Are you planning to start your Forex trading with InstaForex? Today we share with you the great opportunity of beginning your Forex career without any deposit. The new contest from the InstaForex shows who is the best! Top participants will be rewarded with amazing prices. Read the full description of the InstaForex Lucky Trader Contest below!
Eligibility: Everyone Prizes: 1,500 USD
Duration: 2 weeks Leverage: 1:500
EA Trading: Yes Prize Limitation: withdraw n/a
Feeling Lucky? Try Lucky Trader Contest!
InstaForex Lucky Trader Contest Description
So, you have just opened a new account and ready to make you deposit. The great thing is – with InstaForex Lucky Trader Demo Contest you can start trading without any deposits. As with most of the other demo contests
The contest has a 1,500 USD prize pool and is available for everybody, so either you are new to InstaForex or you are trading with this broker already – you have an opportunity to challenge others in the InstaForex Lucky Trader Contest on demo accounts.
The distribution of the prizes looks like this:
- 1st place – $1,000
- 2nd – $750
- 3rd – $500
- 4th – $250
- 5th – $200
- 6th – $150
- 7th – $100
- 8th – $50
In order to get into this contest you have to register InstaForex demo account and manually register yourself for the contest. After that you will be credited with initial deposit of 30,000 USD that can be used in the InstaForex Lucky Trader Demo Contest. You have to remember that the contest lasts two weeks, so you have to prepare yourself for some superb trading in order to win. We would suggest you to check our forex tips to get extra help with that.
The rules of the InstaForex Lucky Trader Demo Contest suggest that you trade on the volumes between 0.01 lot and 1 lot. For every successful trade you will get bonus points. The bonus points are calculated as the amount of pips you gained times your volume. But you have to remember that if you gain more than 10 pips, only 10 pips will be calculated.
You make a successful trade for 15 pips with the volume of 0.9 lot. By the rules of the InstaForex Lucky Trader Contest you will gain 10 times 0.9 so 9 points.
Also, the one sad point is – all points for lost trades will be calculated in the full amount, which is a pity. But the rules are the same for everybody, so if you are lucky – you will get there.
And, as always – the top 8 traders get their share of the prize pool. As InstaForex Lucky Trader and other contests of InstaForex suggest – the prize can be used for trading only. So, you will get your profits, but you will never withdraw your prize 🙂
The contest is great, but if you don’t like it – check another contest of the InstaForex – Sniper.