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Forex Contest FXCM

Jason Rogers (jasonrogers)
Oct 27 2014 at 21:05
272 posts
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.

Jason Rogers (jasonrogers)
Oct 27 2014 at 21:16
272 posts
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.

Jason Rogers (jasonrogers)
Oct 27 2014 at 21:25
272 posts
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

Jason Rogers (jasonrogers)
Oct 27 2014 at 21:29
272 posts
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

Jason Rogers (jasonrogers)
Oct 27 2014 at 22:14
272 posts
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

mylin_m19
Oct 27 2014 at 22:25
40 posts
Hi, I am a mac user. How can I install the trading contest software on my mac?

Jason Rogers (jasonrogers)
Oct 27 2014 at 22:31
272 posts
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

Jason Rogers (jasonrogers)
Oct 27 2014 at 22:48
272 posts
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

Jason Rogers (jasonrogers)
Oct 27 2014 at 22:55
272 posts
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. 😀

Jason Rogers (jasonrogers)
Oct 27 2014 at 22:58
272 posts
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. 😄

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