Discussion of the Forex Contest FX Choice Forex Contest

Dear mothaya,

Thank you for your post, but unfortunately we can not add or modify any of the contest rules during the registration and contest. There are many participants who have already completed their verification, so it would not be fair to change the rules even if we could.

Best regards
FX Choice Ltd.

batak posted:

porquilho posted:

mothaya posted:
Dear FxChoise Representative,

We are requesting to modify the rule regarding the account verification that is needed before the contest so that it can be requested after the contest winners are announced?

We expect and hope that our request will be accepted.

Regards

We? Who are we? I'm not requesting anything. I hope it stays stays like this.
If you can't read the rules before joining then why are you complaining? The rules were very specific, if you don't like them then don't subscribe to the contest. Easy.

yes i agree with you

i think peoples here dont agree the verification rule because they might be want create multiple account to have more chances winning this contest.

hey peoples.. if you think you are fair people why you must scared to verify your account? also this verification procedure is a plus point, don't you think if you win this contest you not again must do verification process? you get the prize in the end without doing verification again because you are already verified 😄

So why not just verify in case you win in the end? Makes more sense to me?!

FXChoice has very good ratings.
Unfortunately someone has sold my info recently an I am getting many phone calls from all kind of scam brokers, and this is rely annoying.
Suggestion to FXChoice: allow the contest and after results ask for details.

paultag1 posted:

jdwbryan posted:
That last contest thread set a new record for dumb questions easily answered by reading the rules...and definitely for the most whiners. Hopefully this will be better...though I see the questions have already started.

We do need to clarify the rule regarding 'commercial robots' though. As a couple others have asked, how would they differentiate between EA's that were purchased and ones that were coded by the trader themselves....or ones downloaded for free. Does this mean no EA's at all? (I don't use them so it makes no difference to me...but this IS a good question that needs an answer.)

Here is the general rue of thumb. If the robot can be purchased, then it can not be used in the contest.

I hope that clears things up for you.

Good Luck !!

And how will FX Choice know whether the EA was purchased or not?

I think in this day and age of ID fraud I'm concerned that ID documentation is required for a Demo contest. Its never been required before with anyone else. If I am going to open a real account or become the winner of such I contest to receive real funds then that would be acceptable.

There is thousands listed and to play you have to give them ID, sounds a bit SUS to me.

I think Ill wait for the next contest.

Good luck to those that participate I hope you ID is in good hands.

Not me though

myfxchoice posted:
'The use of commercial robot is prohibited.'

As this is a contest and should be fair for all participants using their own strategies, we have also decided not to allow the use of commercial EA. Most commercial robots produce good results with automatic server execution as we will have during the contest. This environment is different from live therefore you can use only your own EA.

There will be no detection regarding commercial EA but we will judge by our experience as we have with most commercial robots.

FX Choice Ltd

It would be impossible to differentiate between a Commercial and personal robot by just looking at the trades. This contest can never be fair if this is the case.

zener007 posted:
It would be impossible to differentiate between a Commercial and personal robot by just looking at the trades. This contest can never be fair if this is the case.

They're talking about 0s (some which trade less than 3 minutes) ea trades, grids, and martingales and i guess most News spike scalping EAs.
Those EAs ruin trading contests.

cashforexrobot posted:
FXChoice has very good ratings.
Unfortunately someone has sold my info recently an I am getting many phone calls from all kind of scam brokers, and this is rely annoying.
Suggestion to FXChoice: allow the contest and after results ask for details.

Yes you are right i second.

But all the Quote before sound like women afraid about every things.... Just leave the contest it`s ok for me and maybe the most of you will be out after the next week.

Come on be a man and stop crying

Ok here it is. According to a lawyer friend of mine and I’m not saying he is a good lawyer or anything. He couldn’t get me out of my last ticket but, when I open a account with someone and I transfer to them my information and I make my deposit. I am entering a legally binding contract with them. I would have some recourse for anything negative that came about because of their negligence in handling and storage of my information. But what FX Choice is asking me to do is make a copy of my government issued ID which has my address and my identification number on it and proof of my address. With this you basically have my identity. They aren’t asking me to sign a contract, or have they said anything about the protection of my information. What the website says is if you can’t upload these documents thru the Back Office then simply email them to this address. Now everything I have read or 90 percent of what I have read about FX Choice is positive. The negative things I have read seem to stem from technical issues that they worked out. I have been testing their platform for about 3 weeks and have been happy with, prior to even hearing about this contest because I was thinking of switching to them from my current broker that I am not happy with. If you noticed I said “was”. After all of this my opinion has become negative if only in the fact I think it very unprofessional to ask for such things without offering me any assurances my information will be safe. Now if I missed those assurances somewhere I’m sorry. But this verification should have been handled in a different way. This to me seems like 3 teenagers running a business out of their garage. That’s about the same amount of professionalism they are exhibiting. Now this is just my opinion, if it offends anyone I’m sorry for that too. It was not meant too. Good luck to everyone that has and will enter the contest. Turk

This is my ID I hope it help you for verification.
With regards.
Artiom Korotajev

so who is complaining about getting verify from FXchoise ? how can someone complain about to proof it identity but they wouldnt complain if they one of the first 5 places on the completition . this doesnt make any sence.

I do not see Server: FXChoice-Demo in meta trader 4 of this broker. I just see Server: FXChoice classic -Demo

why there is no Server: FXChoice-Demo while myfxbook sent me the registration information like that?

ghostsmartfire posted:
so who is complaining about getting verify from FXchoise ? how can someone complain about to proof it identity but they wouldnt complain if they one of the first 5 places on the completition . this doesnt make any sence.

I suppose you've never been the victim of identity fraud, have you?

turk01 posted:
That’s about the same amount of professionalism they are exhibiting. Now this is just my opinion, if it offends anyone I’m sorry for that too. It was not meant too. Good luck to everyone that has and will enter the contest. Turk

+1 People shouldn't trivialise the issue. It doesn't reflect well on a company if they're casual about the submission and handling of what is sensitive information. If you think this is 'just' some trivial issue then, I'm sorry, but you're mistaken. Having been a victim of identity fraud, I can assure you it's no laughing matter when someone else is opening accounts and buying stuff as if they're you.

kenigrus posted:
This is my ID I hope it help you for verification.
With regards.
Artiom Korotajev

Hi kenigrus, If your going to give FX Choice your ID this is not the way to go about it. You have just given your private details to the world. You need to register at there site and upload to them direct.

I wouldn't but if that's your choice then fine.

May I suggest you delete your ID from this forum before its too late for you.

take care

I'm surprised FX Book has not advise FX Choice that the ID requirement may be a deterrent for Participants that are a bit more secure with their ID.

Anyway it will be interesting to see how many of the 2894 registered will be actually active on the day.

I smell an alternative reason behind it. Yes being hammered by brokers is no fun and the others they on sell info to.

So this is what happens without even sending the documents - e-mail I received today from FXCHoice - and the contest has not even started yet, and I have not even made a single Demo Trade:

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E-mail from Robert at FXChoice
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Dear Jaco Ferreira,

After a few weeks of demo trading I hope you have become familiar with our platform and are now considering switching to a live account. I am not yet certain of your trading strategy or if your demo testing went as expected, but I would like to learn more about your investment goals and perhaps discuss how Fx Choice can help you reach those goals.

I would like suggest a 5 minute call to learn more about what is important to you as a investor. You may also be interested in reading client reviews on Forex Peace Army here.

As a valued client of Fx Choice your feedback is very important to me. If you have a moment, please contact me to discuss your experience with Fx Choice thus far.
I look forward to speaking with you,
 
Robert


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My reply E-mail to Robert
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Hello Robert,

This registration was done via MyFXBook for entering into the FXChoice Demo Contest. Since your company requires an ID and Proof of Residence to open an account just for the sake of entering the competition (which by the way is very unusual for the 'enter-for-fun' competitions at MyFXBook), I am not interested at all in the contest or opening any account with you, and neither will I send such documents.

I have a live account with FXPro for more than 4 years now, am a loyal supporter of FXPro, and have no interest or inclination of switching from my current broker, who have given me nothing but excellent service over the years.

I would therefore appreciate that you no longer contact me in this regard, since I will unfortunately not require the services of your company.

Thank you for your time.
Regards


Jaco Ferreira


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I will pass on this contest, and hope MyFXBook will not have brokers like these in future, in which case I will even be interested in entering any of their contests.

Anyway, good luck trading to all the people opting to go for this contest, may the best trader win.

Cheers!

I really wonder how some people manage to get out of bed in the morning and make a cup of coffee. The server is FXChoice-Classic Demo. Couldn't be much easier unless they send someone download MT4 and log you in,