I. General conditions
1. Contest title - "Forex Sniper" (hereinafter - Contest).
2. The Contest is organized by InstaForex Companies Group (hereinafter - Organizer).
3. It is a weekly Contest, held from Monday 00:00 till Friday 23:59:59 (terminal time).
4. Prize fund of each weekly contest amounts to 1500 USD, distributed among the winners in the following way:
- 1 place - 500 USD;
- 2 place - 400 USD;
- 3 place - 300 USD;
- 4 place - 200 USD;
- 5 place - 100 USD.
5. You can register for the next weekly contest during the whole week preceding it.
1. Every owner of a trading account with InstaForex Company can weekly take part in the Contest (hereinafter - Participant).
2. Only clients who are over 18 may participate in the Contest.
3. In case a person does not have a trading account with InstaForex, it is necessary to open real account at this page to be able to take part in the Contest.
4. Every Participant must sign up at the InstaForex WebSite.
5. For participation in each weekly contest Participants open separate DEMO-account.
6. Participant agrees with a necessity of providing true information during the registration.
7. In case the attempts to take part in the Contest using several trading accounts or anonymous proxy will be detected, it will lead to a disqualification.
8. The Organizer reserves the right to decline registration of any participant without explaining the reason or disqualify any participant during the Contest with an explanation. The reason of disqualifying can be opening the big volume opposite orders and the same currency pairs in different trading accounts at the same time approximately.
9. Registering in the Contest a Participant accepts all the regulations, which concern the Contest.
III. Trading conditions
1. After the registration in the Contest a Participant gets a DEMO- account.
2. Initial deposit is 10.000 USD for all the Participants and can not be changed.
3. All orders which were put at non-market price are destined to cancellation.
4. Participants may use Expert Advisors and any trading strategies without any restrictions.
5. All trading instruments which are available in InstaForex trading terminal can be used in trading except GOLD.
6. Minimum volume of a deal is 0.01 lot, maximum - 1 lot.
7. Participant can change his trading account to Swap-free by contacting Technical department.
8. Maximal number of deals including pending orders is 5.
9. Stop-out level is 10%.
10. Other trading conditions for contest trading accounts are the same as for the live trading accounts of InstaForex.
IV. Results' publication
1. The equity of Participants' accounts is available in free access at company's web-site during the contest period.
2. Organizer reserves the right to publish participants� statements after the Contest finishes.
3. Statistics of regions and countries which Participants are from may be published as well.
4. Contest results are published during 7 days after contest finishes and all checking procedures are done.
V. The Winner Specification
1. After current contest finishes all deals will be closed automatically by current prices.
2. The owners of the biggest deposits will be announced as the winners.
3. In case two Participants have the same profit, the decision who is the winner will be made by Organizer.
4. The winners of the Contest agree with their Name publishing.
5. Participant who took one of the prize-winning places in the Contest cannot pretend to the prize places during the next month. In case such precedent appears, prize will be challenged to the next Participant by rank. The rank will be moved per one.
6. The compulsory condition of victory in the Contest is earning at least 5% of profit by every of the following pairs: EURUSD, USDJPY, USDCAD, EURJPY, GBPJPY. In case the condition is breached, prize can not be awarded.
VI. Prize Receipt
1. The winners must send their photos and scanned copies of their ID by e-mail firstname.lastname@example.org
or by fax (+7 4012 616265) during 30 days after the results of the Contest are announced.
2. Prize funds will be transferred to the real trading account, pointed out while registration in the Contest.
3. All prizes including the first prize cannot be withdrawn, however any profit made over the prize amount can be withdrawn without any limits.