The 3rd step of the Contest "InstaForex Great Race" is arranged by InstaForex Companies Group.
The Contest will start on October 2, 2009 and finish at 23.59 (GMT +2) on October 30, 2009
Registration in the Contest ends on October 1, 2009.
Prize fund in amount of $8000 distributes in the following way:
1 prize - 3000 USD;
2 prize - 2000 USD;
3 prize - 1000 USD;
4 prize - 750 USD;
5 prize - 500 USD;
6 prize - 250 USD;
7 prize - 100 USD + 40 bonus points;
8 prize - 100 USD +30 bonus points;
9 prize - 100 USD +20 bonus points;
10 prize - 100 USD + 10 bonus points;
11 prize - 100 USD + 5 bonus points.
Bonus points can be used in the final of the range of Contests "InstaForex Great Race".
Trading on Contest accounts will be arranged on DEMO-server of InstaForex - ITC-Demo.com
All the trading operations of participants will be executed with virtual funds.
Every participant has a right to open only one Contest trading account.
II. Participants
Every person who has a trading account in InstaForex can participate in the Contest.
In case of InstaForex trading account absence it is necessary to register live trading account for participation in the Contest by following this link.
Every Contest participant must register at InstaForex website.
Participant agrees with necessity of providing true information.
In case attempts of Contest participating using several trading accounts or anonymous proxy will be detected, then disqualifying will follow.
Contest organizers reserve the right to decline registration any participant without explaining the reason or disqualify any participant during the Contest with explaining the reason. The reason of disqualifying can be opening opposite orders of big volume and the same currency pairs in different trading accounts in approximately the same time.
Registering in the Contest, participant accept all the restrictions and rules of the Contest.
III. Trading conditions
After the registration in the Contest participant becomes the owner of DEMO-account.
Initial deposit is 100000 USD for all the participants and cannot be changed.
All trading instruments which are available in InstaForex trading terminal can be used in trading except GOLD.
All the orders that were put by the unmarketable prize are destined to cancellation.
Contest participants may use Expert Advisors and any trading strategies without any restrictions.
Minimum volume of the deal is 0.01, maximum - 10 lots. Step is 0.01 lot.
Contest participant can change his trading account to Swap-free by contacting Technical department.
Maximum quantity of deals including pending orders equals 5.
Stop-out level is 10%.
Other trading conditions for Contest trading accounts are the same as for the live trading accounts of InstaForex.
IV. Publication of the results.
The level of funds on participants accounts is available in free access at companys web-site during the Contest period.
The company reserves the right to publish participants' statements after Contest finishes
Statistics of regions and countries which participants are from may be published as well
Contest results will be published during 7 days after Contest finishes and all checking procedures are done.
V. The winner specification.
After Contest finishes (23:59 (GMT +2) May 1, 2009) all deals will be closed automatically.
11 participants with the biggest deposit (profit) will be announced as the winners
In case, two participants have the same profit the decision who is the winner will be taken by the Company
The winners of the Contest agree with their Name publishing.
VI. Prize receipt.
The winners should send their photos and scanned copies of their ID by e-mail tournament@instaforex.com or by fax (+7 4012 616265) during 30 days after the results of the Contest are announced.
Prize funds will be transferred to the real trading account, pointed out while registration in the Contest.
All prizes except the first place prize can be withdrawn from the account. The prize for the first place can not be withdrawn, however any profit made over prize sum can be withdrawn.
