InstaForex offers an opportunity to participate in a demo contest with options trading. The contest is to be held every week from Monday 00:00 to Friday 23:50 (server time). Top 5 FX options traders will be awarded with a total prize fund of $1,500:
- 1st place — $500
- 2nd place — $400
- 3rd place — $300
- 2nd place — $200
- 1st place — $100
Each registered participant will be given 1,000 initial points. A profitable options trade will add 1 point to your balance, a losing options trade will remove 1 point from your balance. The more point you have at the end of the week, the better your result is.
Options trading is performed from the trader's cabinet on InstaForex website.
The options on the following trading instruments will be available during this contest: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, GBP/JPY, EUR/JPY, GBP/CHF, EUR/GBP, GOLD and SILVER.
Participation is completely free, and profit made from trading on the prize money can be withdrawn without any restrictions.
You register for a contest and start with the initial 1,000 points. During the week you open and close options positions on various currency pairs and precious metals. By the end of the week you have made 232 profitable trades and 48 losing trades. You finish the contest with 1,184 points, which qualifies you for a 2nd place and a Forex bonus of $400. You can use the money you won for trading and withdraw any profit you make from it.
Prize funds cannot be withdrawn, only profit made from them can be withdrawn.
Prize funds will be transferred to a real trading account opened by InstaForex administration.
Only one option contract may remain open on each of the trading instruments.
Each contest's results are published during 7 days after the end of contest.
Winners will have to provide identification documents to claim the prizes.