Thanks. You might have noticed, I edited in my idiot missing of the rules in the previous post.
Two things that are appropriate to know is that the margin call at FXDD kicks in if it drops below 100%. The same thing happened to me in the SureFire compettition which is currently running. So without knowing this, I had assumed that margin call was at 50% as my two brokers are, (MB Trading and Go Markets), which disqualified me. They did allow me to re-enter though. Which brings me to the second item of importance.
Only one entry allowed. You mess up and you are out!
SureFire Prizes. (Direct Wire transfer to winners bank account - sponsored by FXCM)
1st Place $15,000
2nd Place $10,000
3rd Place $5,000
4th Place $3,000
5th Place $1,000
Direct cash wire into the winners accounts.
Here is a transcript of the questions I asked the FXDD live chat. It was sent with a question asling aboughtFXDD's thoughts regarding scalp trading.
You have been connected to Richard M..
Richard M.: Hi, welcome to FXDD Live Talk.
Richard M.: No thoughts, we allow it
Lance: I want to know what FXDD thinks about scalp trading?
Richard M.: is there anything else i can help you with today?
Lance: another thing
Richard M.: Yes
Richard M.: How can I help you?
Lance: what is the margin call set to? 50% or 100%?
Richard M.: 100% <--- *** NOTICE***
Lance: I am entering the Myfxbook competition (sponsorred by you guys) and I would just like to know if there are any things we must NOT do in the competition?
Lance: for example limited lots etc...
Richard M.: withdrawl funds
Lance: that is only after I win them... :) I mean the competition itself
Richard M.: ok to be more specific, what exact competition are you referring to <<--- uhhh, which competition???
Lance: As stated the Myfxbook competition
- sponserred by FXDD Malta
Lance: $2000 first prize
Richard M.: ok all rules are posted in the website.
Richard M.: nothing more .nothing less
Lance: ok, now if I trash my demo accountand wish to re-enter assuming there is time left, is that allowed?
Richard M.: No, only one account per person. <<--- ***NOTICE***
Lance: ok, thank you.
Lance: are you sponsorring other competitions other than Myfxbook?
Richard M.: not that i am aware of <<--- uhh, are you aware of THIS one?
Lance: ok. thanks, bye
Richard M.: have a great day!