The InstaForex Sniper Contest is a weekly trading competition designed for traders who want to test their skills and win real cash prizes. With a total prize pool of $1,500 each week, participants can compete in a risk-free environment using demo accounts while experiencing real-time Forex trading.
How the InstaForex Sniper Contest Works
Participants trade on demo accounts with a fixed starting balance of $10,000 and default leverage of 1:500. Trading is limited to major currency pairs and cross rates, with trades ranging from 0.01 to 1 lot.
How to Join the InstaForex Sniper Contest
Joining the InstaForex Sniper Contest is simple
Register or log in to your InstaForex account.
Create a new account if you’re a first-time user, or log in to your existing account. Make sure your personal details are correct, as they will be used for contest verification.
Sign up for the weekly contest on the InstaForex website
Once logged in, navigate to the contest page and register for the upcoming weekly InstaForex Sniper Contest. Registration ensures you receive a dedicated demo account for the competition.
Complete registration at least 1 hour before the contest starts
Early registration is crucial because the contest closes 1 hour before the start. Completing this step on time guarantees your participation and eligibility for the weekly prize pool.
After signing up, you’ll receive a demo account with $10,000 virtual funds to trade during the week. Make sure to follow the contest rules, trade on eligible currency pairs, and meet the requirements to qualify for the weekly prize pool.
Prize Distribution and Rules
- 1st place: $500
- 2nd place: $400
- 3rd place: $300
- 4th place: $200
- 5th place: $100
Winners must open and verify a live InstaForex account within 30 days of the contest results to receive their prize funds. The prizes are credited to the verified account and are non-withdrawable, but any profits earned from trading with the prize funds can be withdrawn according to standard trading rules. Any attempt at fraudulent activity may result in disqualification and cancellation of the prize.
Contest Goal
The goal of the InstaForex Sniper Contest is simple: achieve the largest account balance on your demo trading account by the end of the week.
Trading Terms
- Demo account assigned after registration
- Leverage: 1:500
- Minimum trades: 0.01 lot
- Maximum trades: 1 lot
- Stop-out level: 10%
- Participants may use any trading strategies or Expert Advisors
- Maximum of 5 open trades at a time
- Trading must be done at market prices; non-market orders may lead to disqualification
Note: In order to obtain a prize, each winner shall fulfill the following requirement: at least 5% of the total profit has to be derived from trading results on GBPUSD and 5% of the total profit from trading results on GBPJPY.
Contest Dates
The InstaForex Sniper Contest is held weekly, starting every Monday at 00:00 and ending Friday at 23:59:59(terminal time). Registration for each weekly contest opens the week before and closes 1 hour prior to the contest start, giving traders time to sign up and prepare their demo accounts.
About InstaForex
InstaForex is a global Forex broker founded in 2007, providing trading services for currencies, CFDs, and other financial instruments. The company is licensed and regulated in multiple jurisdictions.
InstaFinance Ltd., the company behind InstaForex, is authorized and licensed by the Financial Services Commission (FSC) of the British Virgin Islands (BVI) under the Securities and Investment Business Act (SIBA).
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FAQ – InstaForex Sniper Contest
How do I join the contest?
Register on the InstaForex website, then open a demo account for the upcoming weekly contest. Registration closes 1 hour before it starts.
Who can participate?
Any InstaForex account holder over 18 years old. Close relatives cannot participate in the same contest.
What is the prize pool?
Each weekly contest has $1,500 distributed among the top 5 participants.
Can I withdraw the prize directly?
No. The prize is credited to your verified live account. Profits made from trading the prize can be withdrawn.
Are automated strategies allowed?
Yes. Participants may use Expert Advisors and any trading strategy without restriction.
How are winners determined?
Winners are the participants with the highest equity on their demo account after the contest ends. Specific trading requirements (like GBPUSD and GBPJPY trades) must be met.
Can one person win multiple weeks in a row?
No. Winners of one week cannot claim a prize in the next week. Prizes are passed to the next eligible participant.
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