New Trading Contest!

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.

52 thoughts to “New Trading Contest!”

  1. 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”).”

    Myfxbook Reply:

    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…”

  2. i’M INTERESTED TO JOIN THE CONTEST

    Myfxbook Reply:

    Great – simply register to Myfxbook and go to the contest page to register yourself to this contest.

  3. 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…

    Myfxbook Reply:

    We hope to have real account contests in the future.

  4. 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

    Myfxbook Reply:

    Yes, you must use the account provided to you when you registered for the contest.

  5. i’m already registered, Could i start to trade now.

    Myfxbook Reply:

    No, trading is disabled until the start of the contest.

  6. The contest FX transaction which company are you?

    Is it demonstration transaction?

    Is EA automatic system transaction available?

    Myfxbook Reply:

    The contest is sponsored by Vantage FX. It is indeed a demo contest, and you can use EA’s also.

  7. 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 .

  8. 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?

    Myfxbook Reply:

    You can use other installations of MT4, however you must use the login provided to you at contest registration.

  9. 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

    Myfxbook Reply:

    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 🙂

  10. 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.

  11. 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?

    Myfxbook Reply:

    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.

  12. 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)

    Myfxbook Reply:

    Wasin, register to Myfxbook first at https://www.myfxbook.com then go to the contest page to register.

  13. Hello,
    Contest has begin but my metatrader account is still in “account invalid”status.
    Is it normal ?
    Thanks
    Dave

    Myfxbook Reply:

    Please re-login or restart Metatrader.

  14. 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.

    Myfxbook Reply:

    All accounts should be activated – please restart MetaTrader.

  15. Some are always trading and some cannot trade.

    My account is still disabled.

    Could you do something please ?
    Thanks

    Myfxbook Reply:

    All accounts should be activated – please restart MetaTrader.

  16. Will the winners of the contest provide details of their trading system once the contest is over?

    Myfxbook Reply:

    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.

    admin_fx Reply:

    ok…thank you for your quick reply.

  17. Hi
    Nice support.DEMO CONTEST -RESULTS -VANTAGE FX – OVER BY 29TH FEB 2012.. WEN CAN WE EXCEPT … KINDLY TELL US

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