It's a monthly real account contest from InstaForex, held from 00:00 of the first Monday of the month till 23:59:59 of the last Friday of the month (server time). Monthly prize fund for the contest is $6,000 USD, distributed among the winners in the following way:
- 1st place — $2,000
- 2nd place — $1,500
- 3rd place — $1,000
- 4th place — $500
- 5th place — $400
- 6th place — $300
- 7th place — $200
- 8th place — $100
Registration for each contest lasts during the previous month before the contest. A separate demo trading account should be opened for each monthly contest. All traders start with 20,000.00 USD in their demo accounts. Contest participants may use expert advisors and any trading strategies without any restrictions. All trading instruments, except Gold, can be used in this contest. Minimum trading volume per positions is 0.01 lots, maximum is 10 lots and step is 0.01 lots. The stop-out level is 10%.
After the contest is finished (on the last Friday of the month at 23:59:59) it may take up to 30 days to publish the final results and announce the winners.
Prize funds will be transferred to the real trading account, opened by the InstaForex administration. All prizes including the first place prize cannot be withdrawn, however any profit made over the prize sum can be withdrawn freely.
You wish to participate in the Real Scalping contest. During the month before the next contest you register for a contest and open a free demo account. You begin trading on Monday and by the end of month (last Friday trading session) you earn $35,500 profit, which qualifies you for the 3rd place. You get $1,000 prize transferred to your account, which you can't withdraw but can use to earn profit in your real trading account as usually.
After winning a prize a trader isn’t allowed to win the prizes during the following month. At least 5% of profit should be made in each of the GBP/USD and GBP/JPY currency pairs to qualify for the prizes.