Originally posted by leebut

 

Maybe because it's amongst the biggest in the world. Big players are going to draw more attention.

yaa they are among bigest player of the market in one forum i read they have more than 50k live accounts register with them from every corner of the world.

In partnership with CNBC, FXCM is now offereing free $50 only for residents of the US, Puerto Rico, US Virgin Islands, Guam, or Northern Mariana Islands. Until November 24, 2011 only....

Originally posted by megrawab

In partnership with CNBC, FXCM is now offereing free $50 only for residents of the US, Puerto Rico, US Virgin Islands, Guam, or Northern Mariana Islands. Until November 24, 2011 only....

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That's good of them. Probably for new clients only. The £50 GBP micro account was for new clients only. It's about time more companies valued existing clients just as much. I think they should give clients an anniversary payment.

I'm not sure leebut. but I think it's not for new clients only because it appears to me like it's a contest. FXCM sponsored a million dollar challenge to CNBC.

Here's where it is:

From CNBC:       http://milliondollar.cnbc.com/

From FXCM:        http://www.forexmicrolot.com/lp-free-micro-account-cnbc-ja.jsp

Originally posted by megrawab

I'm not sure leebut. but I think it's not for new clients only because it appears to me like it's a contest. FXCM sponsored a million dollar challenge to CNBC.

 

Here's where it is:

From CNBC:       http://milliondollar.cnbc.com/

From FXCM:        http://www.forexmicrolot.com/lp-free-micro-account-cnbc-ja.jsp

 

Hi Megrawab,

Thank you for posting :)

The free £50 account is for new FXCM clients only. This is from the terms and conditions of that offer: 'Existing and past FXCM account holders are not eligible to receive the promotion.' They do have a spread betting account which is traded from 1k lots upwards that needs £100 to open.

The CNBC competition IS available to ALL clients as your thoughts suggested. It looks like you have to become a member of CNBC to join in the fun. When you get your $1,000,000 CNBC dollars, you only have $100,000 of that to trade on currencies, the remainder has to be traded on stocks and ETFs, which leads me to think that a different trading platform is used, not FXCMs trading station.

Thanks again,

Lee.

Originally posted by leebut

  Originally posted by megrawab   I'm not sure leebut. but I think it's not for new clients only because it appears to me like it's a contest. FXCM sponsored a million dollar challenge to CNBC.   Here's where it is: From CNBC:       http://milliondollar.cnbc.com/ From FXCM:        http://www.forexmicrolot.com/lp-free-micro-account-cnbc-ja.jsp       Hi Megrawab, Thank you for posting :) The free £50 account is for new FXCM clients only. This is from the terms and conditions of that offer: 'Existing and past FXCM account holders are not eligible to receive the promotion.' They do have a spread betting account which is traded from 1k lots upwards that needs £100 to open.   The CNBC competition IS available to ALL clients as your thoughts suggested. It looks like you have to become a member of CNBC to join in the fun. When you get your $1,000,000 CNBC dollars, you only have $100,000 of that to trade on currencies, the remainder has to be traded on stocks and ETFs, which leads me to think that a different trading platform is used, not FXCMs trading station. Thanks again,   Lee.  

$1m contest is purely a CNBC contest and you have to be a member of cnbc which is free. you can easily sign up to be their member. Next thing is that u have to be a U.S legal resident and must be present in U.S.

You r confusing $1m prize with the $1m simulated money you get for the contest. The simulated $1m money is available to you to compete in this contest. If you win that the prize of $1m will be available for u to withdraw as cash and then u can do anything with it.

2nd prize of this contest is 2012 Maserati GranTurismo Convertible Sport

Hello illiterate,

I know the $1m is simulated. I just broke it down into the two sections it can be used for.

The competition is NOT for US CITIZENS ONLY. I am careful with the small print.

There are some very nice weekly prizes as well.

Eligibility criteria

(a) a permanent legal resident of the United States of America (“U.S.”), physically residing within the fifty (50) U.S. or the District of Columbia with a valid U.S. Social Security Number or a valid U.S. personal tax identification number [..]

(b) legally and habitually resident in the United Kingdom, physically residing within England, Scotland, Wales or Northern Ireland [..]

(c) a permanent legal resident of Australia, physically residing in the six (6) Australian states, Northern Territory and Australian Capital Territory [..]

Srry I missed the other countries.

It should be for all traders from any country. Why for specific countries?

Originally posted by illiterate

Srry I missed the other countries.

It should be for all traders from any country. Why for specific countries?

 

From the CNBC website (http://cnbcllca.custhelp.com/app/answers/detail/a_id/35/kw/eligibility):

For the first time, the CNBC Million Dollar Portfolio Challenge has been able to expand globally. There are differing laws and regulations that we must comply with in order to expand the contest to new countries. This year we vetted the contest for compliance with the laws governing contests in the US, UK and Australia who are 18 years or older as of August 21, 2011. Going forward, we hope to expand the Challenge to additional countries.