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Discussion of the Forex Contest FXCM Forex Contest

Oct 19, 2014 at 13:59
19,180 Views
691 Replies
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 21:05
mibou520 posted:
Hi,

Is it going to be valid in Canada?

Thank You

Michael

Hi Michael,

Yes, traders in most provinces of Canada are eligible for this contest. However as has been previously mentioned, the Alberta Securities Commission prohibits retail forex trading for residents of the province. That means traders living in Alberta are not eligible for the prizes in this trading contest which are funded FXCM trading accounts.
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 21:16
Skywalkers posted:
Hi @jasonrogers , I have the new pricing in my FXCM MT4 platform but I have a question about the contest:
The positions will be closed automatically at the end of the contest or every week? In theory I might have a position open from the beginning of the contest until the end, right?

Thank you!


Hi Skywalkers,

Trades in your contest demo account are not closed at the end of every week. That means you can have a position open from the beginning of the contest until the end.
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 21:25
kingalpha posted:
Hi Jason,

Is there a minimum number of trades or volume that contestants must exceed?

Hi Kingalpha,

There are no minimum trade or volume requirements for this contest: https://www.myfxbook.com/contests/forex-contest-fxcm/25/rules
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 21:29 (edited Oct 27, 2014 at 21:30)
Bogi_FX posted:
This demo acc could also run on Trading Station right Jason?

That's right, Bogi_FX

FXCM MT4 account login details, including your demo account login details for this trading contest will also allow you to log into and place trades using Trading Station (desktop, web and mobile) https://www.fxcm.com/uk/platforms/trading-station/desktop/?CMP=SFS-70160000000MusRAAS
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 22:14
psadi posted:
Hi, Jason.

The FXCM mt4 version 735, has no "signal" tab.

Will not be allowed to receive signals in the contest?

It seems honest, but I need to know.

sincerely,
Paul Sadi
competitive 2132452

Hi Paul,

The signals tab you mentioned was disabled because it links to a 3rd party site, and FXCM has no way to ensure the quality of signals that get added. As an alternative, you may be interested to know that FXCM clients have access to many signals and strategies through FXCMapps.com and DailyFXplus.com and Mirror Trader: https://www.fxcm.com/uk/platforms/mirror-trader/?CMP=SFS-70160000000MusRAAS
Member Since Jan 24, 2013   40 posts
Oct 27, 2014 at 22:25
Hi, I am a mac user. How can I install the trading contest software on my mac?
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 22:31 (edited Oct 27, 2014 at 22:46)
TheFuss posted:
Hi there,

I've asked a message with regards to what can be traded exactly???? What instruments?? Are there restrictions on things like Gold and Oil as they move much more than the currencies and I know In a recent competition they restrained it to 1 mini lot oil and gold etc compared to 1 fx lot as Oil and Gold move 10 times as much so it would be fair. Also If you lose a certain percentage on a trade and your position is still open when do FXCM cut it??? Recently a competition had 30£ of your account etc they would cut open positions if you had gone over 30% and your positions were still open then they would cut them. what is the maximum lot sizes you can trade??? Any other rules would be great to know and any restrictions??

To provide equal opportunity to all eligible participants, the contest will be conducted using FXCM UK's MT4 demo trading platform that provides functionalities and access to products that may be unavailable or restricted depending on a trader's residence. For example, traders in the US are not allowed to trade live forex accounts with more than 50:1 and a prohibited from trading CFD products for gold and oil. However, in this trading contest, US traders will be able to trade with up to 200:1 leverage and trade any CFD products we offer including gold and oil. That way all eligible participants can trade under the same conditions on their FXCM UK MT4 demo accounts, even if different regulations might apply to their live trading accounts due to local regulations.

The margin requirements for contest demo accounts will the same as the default settings for FXCM UK accounts which you can view here: https://www.fxcm.com/uk/support/faq/margin-requirements/?CMP=SFS-70160000000MusRAAS
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 22:48 (edited Oct 27, 2014 at 22:53)
hoacomay posted:
PLEASE TELL ME MARGIN CALL LEVEL AND STOP OUT LEVEL. THANKS!
😁

vr9910 posted:
hoacomay posted:
PLEASE TELL ME MARGIN CALL LEVEL AND STOP OUT LEVEL. THANKS!
😁
agree with u thanks :)

The margin call level for this contest will be if your equity falls below the margin requirements for your open trades. The margin requirements for contest demo accounts will the same as the default settings for FXCM UK accounts which you can view here: https://www.fxcm.com/uk/support/faq/margin-requirements/?CMP=SFS-70160000000MusRAAS
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 22:55 (edited Oct 27, 2014 at 23:20)
shamasmujahid posted:
can i use any stretagy or just manual trade on this contest

budwiser27 posted:
Can a robot be used or is it just manual trading

shamasmujahid posted:
can we use any robot or grid,

You can use an automated strategy (robot) or trade manually, or even use a combination of both approaches. 😀
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 22:58 (edited Oct 27, 2014 at 23:00)
Nuikoklam posted:
Hi,

Is it going to be valid in THAI?

Thank You

Topman777 posted:
Hi,

Is it going to be valid in Russia?

Thank You


Yes, traders in Thailand and Russia are eligible to participate in this trading contest. 😄
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 23:02
winer posted:
im succes login in to my MT4 that you given in fxboox,but the server wich conected is only demo-usd not UK, is that okay?
Thankyou

Yes, all FXCM MT4 demo accounts in this trading contest are denominated in US dollars for easy comparison, and you can log into this FXCM demo server: FXCM-USDDemo01
Member Since Aug 12, 2009   272 posts
Oct 27, 2014 at 23:06 (edited Oct 27, 2014 at 23:07)
Pedex posted:
Hi,

Please inform if it will be a restriction on the volume. Normally I trade more than 1 000 trades a day in a diferente broker without limitations.

Thanks in advance

Regards

Hi Pedex,

There are no restrictions on trading volume in this contest. It's worth noting that on FXCM's No Dealing Desk (NDD) forex execution model, we make our money from client trading volume, not client losses. That means high volume traders are our best clients. Our raw FX spreads are ideal for scalping: https://www.myfxbook.com/forex-broker-spreads
Member Since Jan 24, 2013   40 posts
Oct 28, 2014 at 07:42
Hi, I am a mac user. How can I install the trading contest software on my mac?
Member Since Jan 24, 2013   40 posts
Oct 28, 2014 at 07:43
Hi Jason, I am a mac user. How can I install the trading contest software on my mac?
Member Since May 08, 2013   11 posts
Oct 28, 2014 at 07:46
Hi Jason
Will an Expert Advisor work with the chart price or with the market watch price?
This could make a big difference to the way the EA opens and closes trades.
Member Since Oct 26, 2014   5 posts
Oct 28, 2014 at 07:52
US residents cannot open accounts with FXCM UK. So if they are allowed to participate, seems they are, in the contest and win a prize, in which account will they be able to have the prize money - FXCM US?
Member Since Oct 15, 2014   1 posts
Oct 28, 2014 at 07:57
goo greend
Member Since Aug 08, 2013   1 posts
Oct 28, 2014 at 13:46
Where is the link to download the platform? I keep getting an Onada platform
Member Since Aug 13, 2013   26 posts
Oct 28, 2014 at 13:59
mylin_m19 posted:
Hi Jason, I am a mac user. How can I install the trading contest software on my mac?

Hi, Meta4 works with the mac software 'wine'.
Just check it out: https://www.winehq.org/

If it doesn't work with the newest wine software, you should try it with an older one.
Wine is a software that allows to execute windows .exe softwares.
Total Life Changes
Member Since Feb 12, 2013   6 posts
Oct 28, 2014 at 15:05
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