I'm FXCM's representative here on Myfxbook and am available to answer your questions.
One question that I anticipate some of you may ask is about the charts on your MT4 platform. In this trading contest, you will be trading on FXCM's new pricing with raw FX spreads and low commissions. Below is an illustration of how this new pricing compares to the old model.
The Bid and Ask prices you see in the Market Watch window of your contest demo account are the best bid and ask prices being quoted from among 10+ competing liquidity providers on our No Dealing Desk (NDD) forex execution. Those are the actual quotes available to you to execute your trades on our new pricing.
However, the MT4 charts still show our old pricing, because many clients on these servers have not yet been upgraded to the new pricing (the transition is being done region by region to ensure we follow regulatory requirements for due notice to traders which vary by regulator, and to ensure an orderly transition within our own system so as not to negatively impact our traders), and the MT4 platform only allows one chart price feed per server.
For example, in the image below you can see there is 0.0 pip raw spread for EUR/USD that you can trade on through FXCM's new pricing. However, the charts still show the old pricing with a spread of 2.2 pips.
Please let me know if you have any questions about this. Good luck to all the competitors!