One Million Option is one of the most popular InstaForex contests, which gathers hundreds of participants who fight hard to acquire the status of the best options trader. Every week Instaforex distributed $1,500 among several winners in the One Million Option Contest.
A participant deals with put or call options on a trading instrument provided, setting the time of opening and closing of options. The goal of the contest is to achieve the largest number of points. Participants start contest on demo accounts with 1 000 rating points. The list of instruments for option trading is as follows: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, GBP/JPY, EUR/JPY, GBP/CHF, EUR/GBP, gold, silver. A participant is given 10 rating points for every profitable option and is deprived of 10 points in case of a loss.
The Contest is held every week from Monday to Friday. The next contest will take place from September 30th 2019 to October 4th 2019 and you can register until 1 hour before the contest starts.
One Million Option Terms and Conditions
- The prize pool of each Contest step amounts to 1500 USD. 1st place 500 USD, 2nd place 400 USD, 3rd place 300 USD, 4th place 200 USD, and 5th place 100USD.
- The prize funds are not withdrawable, but the profit made over the prize amount can be withdrawn without any restrictions.
- Every holder of a trading account with InstaForex Company can take part in the Contest.
- The Participant can only use one account.
- In case two Participants have the same rating, the Organizer makes a decision on the winner.
- The Contest winners agree with publishing their full names.
- The winners should open and verify their live trading accounts within 30 days after the contest results are published.
Read on this Instaforex Contest page for more detail.