After reading all these posts I could not help myself in replying as it’s getting a bit frustrating seeing all this nonsense. Don’t jump into any conclusions/decisions or critisism if you haven't had any experience with this broker 'FX Choice'. I have been trading with FX choice and I could say that this broker is very reputable and trustworthy. The fact that there is a rule about verification is their choice and they have the right to do so, as you all have the right not to go through this verification with the consequences that you will not be able to take part in the contest.
It is actually very scary that you are all still going on and on and on about this as if its something so bad. If you don't want to verify then don't.....let others enjoy the contest. The giveaway prize is $10000 split between the first five places, if you don’t want to participate to win one of them then go and do something else.....
After all it was written in the contest rules and that’s something else about you serious traders that you actually register without reading the rules, instead you go ahead then moan about your account being disabled etc etc afterwards, creating a huge amount of pages about the same thing over and over again. It is a shame that a broker is criticized about something so little without having experienced their services and trading conditions. Do your researches then you can have an opinion.
Good luck to all REAL contestants!
Great post man! What you say makes perfect sense. I am one of the traders that decided NOT to take part in the contest. I did read the rules and I was aware of the verification process, and therefore decided to respectfully notify the broker that I am not interested in opening an account with, and they promptly responded and took me off their mailing list.
It is true what you say that in order to have an opinion about the broker you have to make use of their services first. However, you have to keep in mind that the traders in this contest are located all over the world, and by the looks of it (judging by the posts you refer to) a lot of people are no experts in the English language. I feel perhaps a lot of the confusion may have more to with the fact that these people may have read the rules best they could, but may not have understood what was meant by 'account verification', simply because they are struggling with the English language.
That said, I agree with you, rules are rules, and the broker has every right to require account verification, if they so choose. After all, they have a business to run, and they need new clients to expand their business. It all makes perfect sense. Perhaps MyFXBook and future brokers can better explain to the contestants the specific requirements in advance, so this unpleasant scenario will not happen again.
Anyway man, good luck with the contest!
Keep it simple, be disciplined, get rich slowly and above all protect your equity!