Gentlemen Did you have any experience with FX contest's by fxcm.com king of the mini and mgforex.com demo 1. fxcm.com demanded 1000$ by real account best result was 855% per month on capital 2982$ .+ first place 2500 by some australian operator with GBP/JPY multiple result's 500-600% for 3 years was observed 2. mgforex.com papermoeny contest with 1500$ or 3000$ (in case of with with 400% + credited for 1 place to real money account . 50$ per month or 500 $ per year . Any opinion would appreciated
I was also looking for a FX broker contest to join, and I went with MG forex. MG will provide each demo contest account 25,000 USD of virtual money to trade with and $1000/per unit margin. They have two options, the monthly one and the ultimate/annual one. In the beginning, I was thinking about doing the annual one. After I contested for 3 months I felt I was ready to trade live. MG allowed me to transfer the balance of my contest fee into a live account. Since then I have been trading live with MG. Their prizes for monthly is $1500, and $3000 for ultimate demo contest. I also looked into FXCM contest; they require that you have at least a 1000 dollars cash of your own money deposited with them to participate in the contest. I was reluctant about using my own money to trade in a contest.
Gentlemen Any from you experienced with interbankfx contest ? http://www.interbankfx.com/Contest/ContestResults.aspx
Interbankfx real money contest ,but demanded minimum 250$ . 1.mgforex 50$ per month ,potencial win 1500 $ credited to account 2. interbankfx 250$ per month(worst case) .Win is cash 1 place 3000$ + glory of result in trading with real money 3.fxcm.com 1000$ per month (worst case) 2500$ price for 1 place 4.marketzar.com fxfuture 50$ per contest ,win is 1500$ can be without charge ,if before great contest win place from 7 in small
itrader911 09-19-07 01:04 PM the reward is 3000 with both No ... from mgforex win price money can not be taked ,but only credited for your account .For 3000$ win need pay atleast 500$ (full year) .For 1500$ 50 $ per month interbankfx contest price money can be taked without any limitation (fxcm.com and marketzar.com alsov )
But one asks for 250 and the other asks for 1000 of your own money. How could you compare that to 50 dollars and the use of 25,000 of virtual money, plus if you could win that money, then you better off trading with it anyway. Because a lot of the people that I competed with knew what they were doing.
here is a thread that I started , put in the NFA id numbers of the companies that you are talking about, and look at their histories