Instaforex is a broker that offers a lot of contests and promotions that’s why this post will be about all the demo contests being offered by the said broker. The Instaforex demo contest is further divided into different terms as defined by time constraints and of course, by the prizes to be given away.
Instaforex is a Russian broker regulated by FFMS (Federal Financial Markets Service) regarded as the Best Broker in Asia last 2009 in the World Finance Award held by World Finance magazine. It is also regarded the Most Dynamically Developing Forex-broker in 2009 by CNBC. And lastly it won as the best Forex-broker during the ShowFxWorld and ShowFxAsia exhibitions held in Moscow and Kuala Lumpur in 2009. The major difference with this broker to other brokers is that it re-assumes 1 lot as 10,000 worth of currencies instead of the traditional 100,000. Therefore 1 lot gives you $1 price per pip, this has been done because Instaforex believes that it is easier to manage your funds with this setting.
Current demo contests being held by Instaforex include: Rally FX-1 Contest, Instaforex Sniper Contest, One Million Option Contest, Luck Trader Contest, Real Scalping Instaforex Contest, and Instaforex Great Race Contest.