We’re excited to announce the first trading contest for 2012! 
The contest is held from February 1st to February 28th on a demo account – $4000 in total prizes will be given out to the top 3 traders:
1st place – $2,500
2nd place – $1,000
3rd place – $500
Registration has just opened, so hurry up and register!
The contest is sponsored by Vantage FX, an online Forex trading arm of Enfinium Pty Ltd which is authorised and regulated by the AFSL 322081.
Happy Sunday!
The Myfxbook team.
Nice one! Maybe we will include vantage on our managed account board
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Question:
does the following mean that US contestants are not eligible for a prize in this contest!?
“Please be advised, the services and products offered by Enfinium Pty Ltd are not being offered within the United States and are not offered to US residents or citizens. Enfinium Pty Ltd is not registered with any US regulator including the National Futures Association (“NFA”) and Commodity Futures Trading Commission (“CFTC”).”
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Myfxbook Reply:
January 15th, 2012 at 14:59
horse1bun, anyone can join the contest. It is also stated in the terms “New accounts are subject to approval. If an account is not approved, Vantage FX will provide a cash prize…”
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i’M INTERESTED TO JOIN THE CONTEST
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Myfxbook Reply:
January 15th, 2012 at 15:00
Great – simply register to Myfxbook and go to the contest page to register yourself to this contest.
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very simply register…tq
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well, I will participate
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myfxbook..thank…welcome to the contest..bravo
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just do it
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Hi
did iranian can register to this contest?
thanks
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Myfxbook Reply:
January 15th, 2012 at 18:58
Yes
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great! another pointless demo contest. When is myfxbook goin to step it up and offer a REAL ACCOUNT CONTEST? this is just anoter ploy to let the most daring to risk everythin in the demo acount to get +1000% return…
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Myfxbook Reply:
January 15th, 2012 at 19:02
We hope to have real account contests in the future.
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Thank you. I will participate.
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Hi,
since VantageFX is the sponsor of this event, does this mean that only VantageFX MT4 demo can be used during the contest?
Or are other MT4s also allowed?
Thank you organizers.
Cheers,
Michael
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Myfxbook Reply:
January 15th, 2012 at 20:57
Yes, you must use the account provided to you when you registered for the contest.
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i’m already registered, Could i start to trade now.
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Myfxbook Reply:
January 16th, 2012 at 09:34
No, trading is disabled until the start of the contest.
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The contest FX transaction which company are you?
Is it demonstration transaction?
Is EA automatic system transaction available?
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Myfxbook Reply:
January 16th, 2012 at 11:25
The contest is sponsored by Vantage FX. It is indeed a demo contest, and you can use EA’s also.
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HI ALLTRADERS EVERYWHERE , I AM A TRADER FROM INSIDE IRAN .
I HOPE WE CAN HANDLE A GREAT CONTEST OF COURSE WITH THE
HELP OF MYFXBOOK AUTHORITIES AND STAFF .
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I WILL TAKE PART FOR SURE .
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pls can i use any mt4 platform to participate in the contest if i do not have vantage fx mt4 platform?can i use insta fx trader mt4 platform to participate in the contest?
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Myfxbook Reply:
January 16th, 2012 at 16:10
You can use other installations of MT4, however you must use the login provided to you at contest registration.
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I was join the contest…thank you for information
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Cheers,
some other very important questions before registering.
The T&C state that all participants should start out with a US $ 50k account and with 1:100 leverage. Are you going to check out at the end of the contest that the best performers complied with these rules?
Also, what will be the margin call and stop-out levels? If there’s a possibility to open various MT4 demo accounts with different companies, then these will vary according to the respective brokerages, correct? However, I think that – with the help of analyzing historical max. relative draw-down levels – there should be a special rule to exclude those contestants whose equity ever fell below 50% of margin requirement.
Since it is not totally fair if some participants can go as far as 1% equity (free margin)/min. margin because their MT4 demo brokerages’ rules allow such lax trading behavior. That would be an unfair advantage over those who have to maintain at least 50% equity (free margin)/margin.
What do you think???
Thank you very much for the clarification.
I will surely participate with my newest automated strategy and wish every participant a great many pips!
Best,
Mike
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Myfxbook Reply:
January 18th, 2012 at 08:09
Mike, you are provided with a dedicated trading account which has the correct starting balance and leverage – you don’t need to open any other accounts and you can use only this account to trade in the contest.
Margin calls and stop out levels are the default trading terms of Vantage FX which you should be able to find on their website http://www.vantagefx.com/
All traders will have the same trading terms, so each trader has an equal winning chance, including yourself
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P.S.
Some clarification on my part:
I actually meant 50% free margin level, because this one of the most common thresholds where a compulsory stop-out takes place.
Hope, of course, not to see anything like that.
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I want to ask about the last rule
*New accounts are subject to approval. If an account is not approved, Vantage FX will provide a cash prize, to be determined at Vantage FX discretion (minimum of half the value of the trading account prize).
Is the new account means account in myfxbook or vantagefx..?
If in the vantagefx so the prize will be send by cash or to the account in vantage fx?
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Myfxbook Reply:
January 18th, 2012 at 08:12
Calwin, by “new account” the terms refer to an account with Vantage FX.
The prize will be given in a form of a funded account, from which funds can be withdrawn after a period of 30 days from the date the account is opened.
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I want to join in the trading contest.
How do I register?
Already I click, but it does not make
Please explain
(Wasin in Indonesia)
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Myfxbook Reply:
January 21st, 2012 at 10:12
Wasin, register to Myfxbook first at https://www.myfxbook.com then go to the contest page to register.
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What kind of results will typically result in a win? (1-3rd showing, historically speaking)
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Myfxbook Reply:
January 23rd, 2012 at 07:45
You can check out past winners here: http://www.myfxbook.com/contests
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Am I already registered my 151 361 demo contest? now have started a demo contest but I could not deal. Do not complete my registration?
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Myfxbook Reply:
February 1st, 2012 at 08:37
The contest hasn’t started yet, which is why accounts are still disabled. It will start in about 3 hours. You can see the countdown here: http://www.myfxbook.com/contests/trading-championship-february-2012/6/rules
Good luck!
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Ok I do not know, I’ll get ready to open orders. I guess it’s already started kaena February 1,:)
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Hello,
Contest has begin but my metatrader account is still in “account invalid”status.
Is it normal ?
Thanks
Dave
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Myfxbook Reply:
February 1st, 2012 at 13:06
Please re-login or restart Metatrader.
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plz i lost my login nd my password!! what should i do?
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Myfxbook Reply:
February 1st, 2012 at 13:08
Resent.
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It’s already started (1 hour ago) but some accounts have not been activated – mine for one, so immediately I’m at a disadvantage grrrr.
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Myfxbook Reply:
February 1st, 2012 at 13:08
All accounts should be activated – please restart MetaTrader.
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Some are always trading and some cannot trade.
My account is still disabled.
Could you do something please ?
Thanks
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Myfxbook Reply:
February 1st, 2012 at 13:08
All accounts should be activated – please restart MetaTrader.
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Oops, yes it has, just needed re-booting. Silly me
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Will the winners of the contest provide details of their trading system once the contest is over?
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Myfxbook Reply:
February 15th, 2012 at 07:21
No, there is no requirement to “reveal” the trading system.
You can ask the winners for more information, either by posting in their system’s discussion thread, or by sending a private message.
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admin_fx Reply:
February 15th, 2012 at 07:27
ok…thank you for your quick reply.
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