Contest FXCM 15 November

Any idea how much leverage will be available for this contest?
I see its 50,000 USD

I've asked around and it is 1:200.

there are any limitation on order volume or trading style?

hi
I'm from singapore and the word singapore is not inside the 'select country ' coloum.
therefore I cannot enter the contest. Can someone help?? or are Singaporean banned from entering this contest?

Rgds

Does anyone know if a US citizen wins, if the prize will be forfeited?

Geereg posted:
Does anyone know if a US citizen wins, if the prize will be forfeited?

I'm interested to know this too, except I'm from Australia..what we're essentially asking is do you have to be a UK resident to be able to get this money? I'm leaning towards no since they're quoting the prize in dollar terms?

I wrote to fxbook help team they said leverage is gonna be 1:100
The rules and conditions says nothing about this and which citizens can enter. I will write to fxbook help team and ask..

Salamafx posted:
there are any limitation on order volume or trading style?

Hi Salamafx,

There are no restrictions on volume or trading style, but everyone starts with a $50,000 virtual balance in their demo.

Jason

jambol posted:
hi
I'm from singapore and the word singapore is not inside the 'select country ' coloum.
therefore I cannot enter the contest. Can someone help?? or are Singaporean banned from entering this contest?

Rgds

Hi Jambol,

Since we are not registered in Singapore, the regulators in Singapore do not allow us to open accounts for Singapore residents. Unfortunately, that's means you would not be eligible for the live account prizes from the contest.

Jason

Geereg posted:
Does anyone know if a US citizen wins, if the prize will be forfeited?

Hi Geereg,

US citizens are eligible for the prizes. Note that while US residents are able to trade a demo with up to 200:1 leverage for the purposes of the contest, should a US resident win one of the prizes, the live account prize would have a maximum of 50:1 leverage to comply with US regulations.

Jason

stinsfireFX posted:

Geereg posted:
Does anyone know if a US citizen wins, if the prize will be forfeited?

I'm interested to know this too, except I'm from Australia..what we're essentially asking is do you have to be a UK resident to be able to get this money? I'm leaning towards no since they're quoting the prize in dollar terms?

Hi StinsfireFX,

Australians are also eligible for the prizes, but should you win, your live account would be set up with FXCM AU instead of FXCM UK.

Jason

@jasonrogers

Thanks for your replies, but trading volume is one thing leverage is another.
Could you please confirm the leverage, i wrote to fxbook and they said 100:1

Jaypipin posted:
@jasonrogers

Thanks for your replies, but trading volume is one thing leverage is another.
Could you please confirm the leverage, i wrote to fxbook and they said 100:1

Hi James,

You can use up to 200:1 leverage on your contest demo account, as you can see from the people who have already registered: https://www.myfxbook.com/contests/trading-championship-november-2012-fxcm/12/competitors

Jason

thanks Jason, pretty darn obvious now.. dope

ForexTU_JPE posted:
thanks Jason, pretty darn obvious now.. dope

No problem 😄 Good trading!

why can't i trade gold in mt4. i registered and downloaded a uk based demo account but still not able to trade gold.
please help me out anyone???!

if you are referring to the contest, it seems they have disabled commodities

DHunt posted:
why can't i trade gold in mt4. i registered and downloaded a uk based demo account but still not able to trade gold.
please help me out anyone???!

Jaypipin posted:
if you are referring to the contest, it seems they have disabled commodities

That's right, James. The contest demos are FX trading only.

Regular demos from our FXCM UK website have the ability to trade gold, as will the live account contest prizes for any non-US residents.

Wow, over 3,000 traders in the demo contest so far! Good luck to everyone.

The contest is using FXCM's new lower spread option, so let us know any feedback.