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Upcoming Contest Q&A

Ethan (Staff)
Jun 17 2011 at 21:56
1401 posts
Hi Everyone,

We had several questions about the upcoming contest, so if you have any, please post it here and Jason Rogers from FXCM will be sure to answer.

Jason, here are already asked questions:
- Can the winner withdraw the $3000 or $2000 at once? if not, then when? I do not find any information about withdraw rules. Can you clarify?
- Are users from BC(Canada) can participate?
- Is this competition to be run using NFA rules or UK trading rules?
- Are EA's allowed?
- Is there a max number of lots allowed per trade?
- Is there a max leverage allowed?
- Is there a max number of trades allowed simultaneously?

Thanks!
Join and Enjoy Thousands of Effort Free Pips
moneybotfx
Jun 21 2011 at 09:18
87 posts
Contest Questions.

1. From the contest rules:
'FXCM has sole discretion determining whether a client's deposit and trading activity entitles them to retain the prize credit. '

Regarding Prize, has the winner any obligation to deposit his own cash in order to receive the funded account as a bonus?

2. From the contest rules:
'To be eligible for participation, traders must be willing to let their name, and trading record for the time period of the contest be published and/or distributed by FXCM, its agents'

Has this name be the real one or can be the myfxbook user name?
If it is the real one, can this remain not associated with user name in public view?

What will be displayed during contest results? Real name or Myfxbook user name?

How the winner can hold permanent the separation between user name and real name even if he wins the competition?
Splexin
Jun 21 2011 at 09:44
202 posts
Staff posted:
- Is there a max leverage allowed?
According to the FXCM website, they currently offer 50:1 maximum leverage.

moneybotfx posted:
    Contest Questions.
1. From the contest rules:
'FXCM has sole discretion determining whether a client's deposit and trading activity entitles them to retain the prize credit. '

Regarding Prize, has the winner any obligation to deposit his own cash in order to receive the funded account as a bonus?

I was wondering the same thing. Like, whether the winner has to deposit a minimum amount to receive this credit. But I think their current minimum deposit is only $50 or $100.
Aladar Mezga (aladar)
Jun 21 2011 at 11:57
65 posts
Just adding another question regarding upcoming contest.

I couldn't find info about leverage on contest demo accounts. I know only the deposit will be $50k.

Anyone can provide this info?

thanks,
A.
Jason Rogers (jasonrogers)
Jun 21 2011 at 22:04
272 posts

Staff posted:
    Hi Everyone,

We had several questions about the upcoming contest, so if you have any, please post it here and Jason Rogers from FXCM will be sure to answer.

Jason, here are already asked questions:
- Can the winner withdraw the $3000 or $2000 at once? if not, then when? I do not find any information about withdraw rules. Can you clarify?
- Are users from BC(Canada) can participate?
- Is this competition to be run using NFA rules or UK trading rules?
- Are EA's allowed?
- Is there a max number of lots allowed per trade?
- Is there a max leverage allowed?
- Is there a max number of trades allowed simultaneously?

Thanks!

Hi Ethan,

Here are the answers to some of the questions, we should have more details on the rest tomorrow:

- Are users from BC(Canada) can participate?
Users from BC (Canada) would not be eligible unfortunately since the contest prize is an FXCM trading account with the funds already deposited, and FXCM UK is unable to open accounts for traders in British Columbia.

- Are EA's allowed?
Yes! EA's are allowed.

- Is there a max number of lots allowed per trade?
You can open as many lots as you want, considering of course you have the margin necessary to open the position(s).

- Is there a max number of trades allowed simultaneously?
You can have any number of trades running simultaneously

Cheers,

Jason
Jason Rogers (jasonrogers)
Jun 21 2011 at 22:07
272 posts

Splexin posted:
   
I was wondering the same thing. Like, whether the winner has to deposit a minimum amount to receive this credit. But I think their current minimum deposit is only $50 or $100.

Hi Splexin,

If you win the contest, you would be required to complete the account application with FXCM, and then FXCM would deposit the contest prize into the account. You would not be required to make the minimum deposit.

Of course if you want to setup a live account on your own after the contest, the minimum is $50 to open a micro account and $2000 to open a standard 10k account using MT4.

-Jason
Salala
Jun 23 2011 at 06:18
16 posts


Questions regarding the contest account:

LEVERAGE: How much is the leverage of the contest account?

STOP-OUT: How much is the stop-out level of the account?

wasoono
Jun 28 2011 at 11:56
2 posts

Salala posted:
    

Questions regarding the contest account:

LEVERAGE: How much is the leverage of the contest account?

STOP-OUT: How much is the stop-out level of the account?



Great questions ..... they need answers......
Join and Enjoy Thousands of Effort Free Pips
moneybotfx
Jun 28 2011 at 14:10
87 posts
A personal details - privacy question remains unanswered too!


2. From the contest rules:
'To be eligible for participation, traders must be willing to let their name, and trading record for the time period of the contest be published and/or distributed by FXCM, its agents'

Has this name be the real one or can be the myfxbook user name?
If it is the real one, can this remain not associated with user name in public view?

What will be displayed during contest results? Real name or Myfxbook user name?

How the winner can hold permanent the separation between user name and real name even if he wins the competition?
rimpampa
Jun 30 2011 at 11:36
1 posts
My account balance is still 0.00, what about others?
Ryan (Lionmi)
Jun 30 2011 at 13:50
24 posts
I'm ready to concur the world...best trader...

Bring it on...😈

This time my target is among the top 10%😉
Splexin
Jun 30 2011 at 19:15
202 posts
Contest starts in t-minus 15 hours and 45 minutes. Good luck to everyone and may the best pippers win 😀
I've never won anything so it would be nice if I placed in this 😝
goodboyfx
Jul 01 2011 at 05:12
56 posts
it's 1:00 Eastern time here. Why is FXCM platform showing 0.00 balance still? i thought contest was to begin July 1, 2011 which ihas already ushered in? anyone?
Get Rich & End World Poverty
Marco Pearlo Encarnacion
pearlo
Jul 01 2011 at 06:25
127 posts
as of now

Contest starts in 0 Days 4 Hours 34 Minutes 27 Seconds
Splexin
Jul 01 2011 at 11:17
202 posts
Can someone confirm the leverage? My calculations are showing that it is 50:1
Salala
Jul 01 2011 at 11:21
16 posts

Salala posted:
    

Questions regarding the contest account:

LEVERAGE: How much is the leverage of the contest account?

STOP-OUT: How much is the stop-out level of the account?




We need answers to the questions



Marco Pearlo Encarnacion
pearlo
Jul 01 2011 at 11:31
127 posts

Splexin posted:
    Can someone confirm the leverage? My calculations are showing that it is 50:1

same here. 50:1
goodboyfx
Jul 01 2011 at 11:32
56 posts
what leverage are we using???!! i just open a 10.0 lot and its giving me reddish margin call fear? let me know soon thx.
Get Rich & End World Poverty
Ryan (Lionmi)
Jul 01 2011 at 12:53
24 posts
😲
My FXCM Contest Platform is hanging😭

Izit over loaded?

restart for few times still same...


Sorry guys...tonight cannot trade...
Ethan (Staff)
Jul 01 2011 at 13:30
1401 posts
The leverage is indeed 1:50.
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