Upcoming Contest Q&A
Member Since Jul 31, 2009
1444 posts
Jun 17, 2011 at 21:56
Hi Everyone,
We had several questions about the upcoming contest, so if you have any, please post it here and Jason Rogers from FXCM will be sure to answer.
Jason, here are already asked questions:
- Can the winner withdraw the $3000 or $2000 at once? if not, then when? I do not find any information about withdraw rules. Can you clarify?
- Are users from BC(Canada) can participate?
- Is this competition to be run using NFA rules or UK trading rules?
- Are EA's allowed?
- Is there a max number of lots allowed per trade?
- Is there a max leverage allowed?
- Is there a max number of trades allowed simultaneously?
Thanks!
We had several questions about the upcoming contest, so if you have any, please post it here and Jason Rogers from FXCM will be sure to answer.
Jason, here are already asked questions:
- Can the winner withdraw the $3000 or $2000 at once? if not, then when? I do not find any information about withdraw rules. Can you clarify?
- Are users from BC(Canada) can participate?
- Is this competition to be run using NFA rules or UK trading rules?
- Are EA's allowed?
- Is there a max number of lots allowed per trade?
- Is there a max leverage allowed?
- Is there a max number of trades allowed simultaneously?
Thanks!
forex_trader_767
Member Since Sep 14, 2009
87 posts
Jun 21, 2011 at 09:18
Contest Questions.
1. From the contest rules:
'FXCM has sole discretion determining whether a client's deposit and trading activity entitles them to retain the prize credit. '
Regarding Prize, has the winner any obligation to deposit his own cash in order to receive the funded account as a bonus?
2. From the contest rules:
'To be eligible for participation, traders must be willing to let their name, and trading record for the time period of the contest be published and/or distributed by FXCM, its agents'
Has this name be the real one or can be the myfxbook user name?
If it is the real one, can this remain not associated with user name in public view?
What will be displayed during contest results? Real name or Myfxbook user name?
How the winner can hold permanent the separation between user name and real name even if he wins the competition?
1. From the contest rules:
'FXCM has sole discretion determining whether a client's deposit and trading activity entitles them to retain the prize credit. '
Regarding Prize, has the winner any obligation to deposit his own cash in order to receive the funded account as a bonus?
2. From the contest rules:
'To be eligible for participation, traders must be willing to let their name, and trading record for the time period of the contest be published and/or distributed by FXCM, its agents'
Has this name be the real one or can be the myfxbook user name?
If it is the real one, can this remain not associated with user name in public view?
What will be displayed during contest results? Real name or Myfxbook user name?
How the winner can hold permanent the separation between user name and real name even if he wins the competition?
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Jun 21, 2011 at 09:44
(edited Jun 21, 2011 at 09:45)
Staff posted:According to the FXCM website, they currently offer 50:1 maximum leverage.
- Is there a max leverage allowed?
moneybotfx posted:
Contest Questions.
1. From the contest rules:
'FXCM has sole discretion determining whether a client's deposit and trading activity entitles them to retain the prize credit. '
Regarding Prize, has the winner any obligation to deposit his own cash in order to receive the funded account as a bonus?
I was wondering the same thing. Like, whether the winner has to deposit a minimum amount to receive this credit. But I think their current minimum deposit is only $50 or $100.
Member Since Aug 12, 2009
272 posts
Jun 21, 2011 at 22:04
Staff posted:
Hi Everyone,
We had several questions about the upcoming contest, so if you have any, please post it here and Jason Rogers from FXCM will be sure to answer.
Jason, here are already asked questions:
- Can the winner withdraw the $3000 or $2000 at once? if not, then when? I do not find any information about withdraw rules. Can you clarify?
- Are users from BC(Canada) can participate?
- Is this competition to be run using NFA rules or UK trading rules?
- Are EA's allowed?
- Is there a max number of lots allowed per trade?
- Is there a max leverage allowed?
- Is there a max number of trades allowed simultaneously?
Thanks!
Hi Ethan,
Here are the answers to some of the questions, we should have more details on the rest tomorrow:
- Are users from BC(Canada) can participate?
Users from BC (Canada) would not be eligible unfortunately since the contest prize is an FXCM trading account with the funds already deposited, and FXCM UK is unable to open accounts for traders in British Columbia.
- Are EA's allowed?
Yes! EA's are allowed.
- Is there a max number of lots allowed per trade?
You can open as many lots as you want, considering of course you have the margin necessary to open the position(s).
- Is there a max number of trades allowed simultaneously?
You can have any number of trades running simultaneously
Cheers,
Jason
Member Since Aug 12, 2009
272 posts
Jun 21, 2011 at 22:07
Splexin posted:
I was wondering the same thing. Like, whether the winner has to deposit a minimum amount to receive this credit. But I think their current minimum deposit is only $50 or $100.
Hi Splexin,
If you win the contest, you would be required to complete the account application with FXCM, and then FXCM would deposit the contest prize into the account. You would not be required to make the minimum deposit.
Of course if you want to setup a live account on your own after the contest, the minimum is $50 to open a micro account and $2000 to open a standard 10k account using MT4.
-Jason
forex_trader_767
Member Since Sep 14, 2009
87 posts
Jun 28, 2011 at 14:10
A personal details - privacy question remains unanswered too!
2. From the contest rules:
'To be eligible for participation, traders must be willing to let their name, and trading record for the time period of the contest be published and/or distributed by FXCM, its agents'
Has this name be the real one or can be the myfxbook user name?
If it is the real one, can this remain not associated with user name in public view?
What will be displayed during contest results? Real name or Myfxbook user name?
How the winner can hold permanent the separation between user name and real name even if he wins the competition?
2. From the contest rules:
'To be eligible for participation, traders must be willing to let their name, and trading record for the time period of the contest be published and/or distributed by FXCM, its agents'
Has this name be the real one or can be the myfxbook user name?
If it is the real one, can this remain not associated with user name in public view?
What will be displayed during contest results? Real name or Myfxbook user name?
How the winner can hold permanent the separation between user name and real name even if he wins the competition?
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Jun 30, 2011 at 19:15
Contest starts in t-minus 15 hours and 45 minutes. Good luck to everyone and may the best pippers win 😀
I've never won anything so it would be nice if I placed in this 😝
I've never won anything so it would be nice if I placed in this 😝
forex_trader_8864
Member Since Mar 18, 2010
127 posts
Jul 01, 2011 at 06:25
as of now
Contest starts in 0 Days 4 Hours 34 Minutes 27 Seconds
Contest starts in 0 Days 4 Hours 34 Minutes 27 Seconds
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Jul 01, 2011 at 11:17
Can someone confirm the leverage? My calculations are showing that it is 50:1
forex_trader_8864
Member Since Mar 18, 2010
127 posts
Jul 01, 2011 at 11:31
(edited Jul 01, 2011 at 11:44)
Splexin posted:
Can someone confirm the leverage? My calculations are showing that it is 50:1
same here. 50:1
Member Since Jul 31, 2009
1444 posts
Jul 01, 2011 at 13:30
The leverage is indeed 1:50.
