Lance, the rules are below the registration form ('Contest Rules').

MM is money management - there are no limitations as to how you trade (including scalping, EA, manual trading).

The accounts should be opened with a $1000 balance, however if it's different, it will be reset to $1000 before the start of the contest.

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: hi
Lance: I want to know what FXDD thinks about scalp trading?
Lance: great!
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
Lance: www.myfxbook.com - sponserred by FXDD Malta
Lance: $2000 first prize
Lance: http://www.myfxbook.com/contests

Bad news for good scalper EAs: FXDD Malta still runs an old fashioned 4 digit platform

hmm, but when its not Malta than its USA, means no hedge allowed and other gimmicks... or do I miss something? Is the contest independent of the location of the broker, so we just ignore NFA slavery rules and restrictions during the contest?

The point here is that you can choose your preferred FXDD Metatrader (Malta/USA). Although we provide a link for download, you're not required to use it. All you need is a FXDD demo account.