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What is the leverage for contests account?

okwh (okwh)
May 06 2010 at 02:32
8 posts
Today teh contest start, but what is the leverage for contests account?

I opened 0.05 lots, but the money used is 996. the leverage is about 1:6, Why?


see the ilst of Contest Competitors :

https://www.myfxbook.com/contests/myfxbook-trading-championship-may-2010/1/competitors

1:0, 1:200, 1:100 ......
???????????????????/

for the No 1 now,
MGL
https://www.myfxbook.com/members/MNGL/mgl/29877

he can open 1 lot ????!!!

okwh (okwh)
May 06 2010 at 03:28
8 posts
ForexSeeker (ForexSeeker)
May 06 2010 at 04:13
814 posts
Leverage is 1:200 on FXDD demo. U can put EA that provide account info to check.

Information is Gold when come to organised.
Staff (Staff)
May 06 2010 at 07:23
1389 posts
The leverage seen on the competitors page is not necessarily the real leverage, it's just what was selected by the trader at account opening.

FXDD set the leverage to 1:200.

Dictiony
Jun 02 2020 at 00:49
231 posts
High leverage gives the advantage to us, with a small capital, we can make a deal with a large enough volume, but with high leverage, the risk we face is also larger.

NihadMunif
Jun 21 2020 at 14:49
13 posts
Hmm, I've never seen such a little leverage before... Maybe it's some kind of malfunction. Actually, it's a good thing it turned out to be small, but it's a much better option than an unnecessarily high leverage. So you can say you're lucky!

Adolis
Jun 25 2020 at 17:21
25 posts
I think it's better to keep the standard leverage up to 1:200 in everyday trading, so that your trading is safer, you shouldn't risk just like that.
High leverage is an option for special occasions that are more related to fundamental analysis.

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