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February 09 iTradeFX Contest
Last Post 09 Mar 2009 03:44 AM by MJ. 50 Replies.
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Moderator
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29 Jan 2009 05:31 PM  
The February Contest starts at Sunday Feb 1 @ Market Open.  Entry deadline has passed. Please review the rules and prizes below.

Thanks!


February Contest

Prizes 1st Place: $750 ($250 Cash** + $500* @ iTradeFX account)
2nd Place: $375 ($125 Cash** + $250* @ iTradeFX account)
3rd Place: $175 ($75 Cash** + $100* @ iTradeFX account)
4th-6th Place: $40 ($20 Cash** + $20* iTradeFX account)

*Incentive Disclaimer:  For every $100 USD deposit received in the client’s account, a minimum of 10 standard round turn lots must be traded.  Clients who request a withdrawal of all account funds without meeting the aforementioned requirement may not withdraw the incentive amount.  Incentive amounts are subject to i-Trade FX application approval and funding confirmation.  Applicable incentive funds shall be posted to account within 7 days from client’s funding.  This offer may not be combined with any other promotional offers and requires a minimum deposit of $2,000 USD at account opening.  Client is limited to $1,000 USD in incentives.  i-Trade FX reserves the right to make changes to the above requirements without prior notice.

**Cash is paid by www.forexrazor.com and carries no requirements beyond contest ranking.
Start Date
Start: Sunday Feb. 1 @ Market Open (ET)
End:  Friday Feb. 27 @ Market Close (ET)
Account Type
Demo Account
Host Broker
i-TradeFX.com
Rules Click here and then click the Rules tab

efrenpogi
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efrenpogi
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29 Jan 2009 08:12 PM  
i ahve just open an account yesterday. am i still qualified to join the contest?
thanks
efrenpogi
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efrenpogi
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29 Jan 2009 08:13 PM  
i ahve just open an account yesterday am i still qualified for the february contest. thanks
Tejan
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Tejan
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30 Jan 2009 07:54 AM  
Is it forbidden to participate in Feb contest just for winner of 1st place or for all 6 winner from previous contests?
MJ
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MJ
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30 Jan 2009 11:21 AM  
Posted By efrenpogi on 29 Jan 2009 08:13 PM
i ahve just open an account yesterday am i still qualified for the february contest. thanks

Efrenpogi, you are registered for the February Contest.
mj
MJ
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MJ
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30 Jan 2009 11:52 AM  
Hi Carlo,
No one is forbidden from participating in the contest; the rule just limits who can win prizes.Rule 6 applies to 1st through 3rd place winners of past contests. We are changing the wording to clarify this. 4th through 6th place winners are still eligible to win future contests.
mj
Tejan
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Tejan
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30 Jan 2009 01:07 PM  
Oh, what an unfairness!
I just prepared myself to kick those asses from January contest who gain just few coins of profit !
FatCat
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30 Jan 2009 03:28 PM  
Does this mean that I cannot participate in the prizes if I should be amongst the winners again?


Cheers
Wayne
http://ffs.ovenstone.net
The Forex FatCat
ichekal
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ichekal
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30 Jan 2009 04:57 PM  

Carlo,

My appologies, but didnt you get disqualified?  So few coins are worth more than disqualification...but then again that is just my opinion.

Tejan
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Tejan
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30 Jan 2009 05:27 PM  
Hi Ichekal,

I was 2nd in December contest with result of $80k.
But the real surprise for you: I trade just 2 days in December...
Because I thought that rule of 15% DD is in power all the time not just for initial amount. So, after 2 days I had $204k (from 10k) - but I was wrong in my last trade and I closed positions with (just) $80k profit. That was 60% DD And I thought the game is over. But - the rule was just for initial capital, I just didn't know that...

So, next time I'll participate here in contest... in March I think...



Tejan
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Tejan
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30 Jan 2009 05:49 PM  
No, I just read the rules again, I'll be back in April, sorry. But just in case - if broker will be trustful - so I can collect the prize from broker too, not just from Razor.

I have to thank to Razor for correct and honest contest! I also received the cash prize for them quick and correct!

FxRazor: That's the excellent service Folks!

To FxRazor team: Thank you.
Just find some other broker for next contests please! It's not good for your reputation to promote some kind of scammer, sorry.
MJ
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MJ
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30 Jan 2009 05:56 PM  
Posted By FatCat on 30 Jan 2009 03:28 PM
Does this mean that I cannot participate in the prizes if I should be amongst the winners again?


Cheers
Wayne
http://ffs.ovenstone.net

Hi Wayne,
You may participate in any of the future contests; however, since you won 3rd place last December, you are not eligible to win a prize again until the April 09 contest.
MJ
ichekal
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ichekal
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30 Jan 2009 05:56 PM  
Posted By Carlo on 30 Jan 2009 05:27 PM
Hi Ichekal,

I was 2nd in December contest with result of $80k.
But the real surprise for you: I trade just 2 days in December...
Because I thought that rule of 15% DD is in power all the time not just for initial amount. So, after 2 days I had $204k (from 10k) - but I was wrong in my last trade and I closed positions with (just) $80k profit. That was 60% DD And I thought the game is over. But - the rule was just for initial capital, I just didn't know that...

So, next time I'll participate here in contest... in March I think...





Thats alright, my returns in real accounts far surpased my demo contest returns for this month, even though I do not overleverage at all.
MJ
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MJ
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30 Jan 2009 06:20 PM  
Posted By Carlo on 30 Jan 2009 05:49 PM
No, I just read the rules again, I'll be back in April, sorry. But just in case - if broker will be trustful - so I can collect the prize from broker too, not just from Razor.

I have to thank to Razor for correct and honest contest! I also received the cash prize for them quick and correct!

FxRazor: That's the excellent service Folks!

To FxRazor team: Thank you.
Just find some other broker for next contests please! It's not good for your reputation to promote some kind of scammer, sorry.

Carlo,
You are welcome. We appreciate your comments, as always.
mj
efrenpogi
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efrenpogi
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30 Jan 2009 10:15 PM  
to carlo,

i was very much impress, you mean you only trade for two days and you landed 2nd place. i thought it is necessary that we have to trade everyday. i was accepted for february 09 contest can i do the same thing to trade only if i have and not to necessarily trade for 30 days?

thank you!!!!
FatCat
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FatCat
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31 Jan 2009 01:20 AM  
Posted By MJ on 30 Jan 2009 05:56 PM
Posted By FatCat on 30 Jan 2009 03:28 PM
Does this mean that I cannot participate in the prizes if I should be amongst the winners again?


Cheers
Wayne
http://ffs.ovenstone.net

Hi Wayne,
You may participate in any of the future contests; however, since you won 3rd place last December, you are not eligible to win a prize again until the April 09 contest.
MJ

Hi MJ

Thanks, I guess that is fair for the other guys also, but then again I have yet to be in the top three twice in a row, so it's a bit of a challenge to get it right.

Again, well done on a great contest, but I have to confirm what some the other guys are saying in that you really need to align yourself with another Forex Company.
It seems reading through ForexPeaceArmy that you may well have aligned yourself with a broker that is not entirely honest with the traders?

Have a great weekend
Cheers
Wayne
The Forex FatCat
efrenpogi
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efrenpogi
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31 Jan 2009 01:48 AM  
hello,

i have not understand the last paragraph of the contest rule. is that mean assuming you won the contest you have to deposit P2,000 USD in your account before it will be credited you? or the prized will be automatically use to open a live account.

thank you.....
Tejan
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Tejan
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31 Jan 2009 02:10 AM  
Posted By efrenpogi on 30 Jan 2009 10:15 PM
to carlo,

i was very much impress, you mean you only trade for two days and you landed 2nd place. i thought it is necessary that we have to trade everyday. i was accepted for february 09 contest can i do the same thing to trade only if i have and not to necessarily trade for 30 days?

thank you!!!!

Hi Efrenpogi,

You can play/trade when you have a time. No-one can trade every day: We all have other job to do in our life too, aren't we?
It's the same on real account: If you have a feeling trading day will be bad for you from any reason - don't trade!
efrenpogi
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efrenpogi
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02 Feb 2009 01:15 AM  
hello carlo,

when you won the contest is it a requirement that you have to open a live account and fund it with 2,000 USD before they will give you your prize. thank you. gud day
Tejan
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Tejan
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02 Feb 2009 01:22 AM  
Yes, I know this. But I am not interested to open account with i-Trade at all.
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