A weekly contest from InstaForex — Rally FX-1 — offers an opportunity to trade demo Forex accounts in order to win cash prizes. The contest lasts exactly one day — each Friday. The registration is open through the whole week before the contest. The following prizes are available to the winners:
- 1st place — $500
- 2nd place — $400
- 3rd place — $300
- 4th place — $200
- 5th place — $100
The prizes cannot be withdrawn but the profits made using these funds is fully withdrawable without any restrictions.
You register for the contest on Monday and start trading your special demo account on Friday early morning. By the end of the day, you have an account balance increased from $40,000.00 to $259,150.35, which qualified you for the first prize this week — $500. This amount was transferred to a trading account opened specifically for this purpose by InstaForex. Now you can use this account to earn real money.
- All accounts start with $40,000.00 demo balance and 1:500 leverage.
- Swap-free status can be turned on for an account.
- Gold and silver aren't available for trading.
- Any expert advisors and strategies can be used.
- Minimum position size is 0.01 lot and maximum — 10 lots.
- The maximum number of simultaneously open orders is 7.
- Stop-out level is set to 10%.
- All positions are closed automatically 10 minutes after the contest ends.
- One participant may win a prize only once every month.
- To qualify for a prize, not less than 5% of profit should be made with GBP/USD and another 5% with GBP/JPY.