FxOpen News - Fxopen.com

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Contest on OneClickTradingLevel2 Plugin User Reports from FXOpen




FXOpen announces OneClickTradingLevel2 plugin user reports contest!

OneClickTradingLevel2 plugin (OCTL2) is an application aimed to facilitate the process of Forex trading via the MT4 platform. It helps execute an order at the best available price with just a single click. The tool was released by the company in late February 2013.

To become a contestant you’re required to make a report on how you apply this instrument. You also need to describe what results you’ve achieved or plan to achieve by means of the tool,as well as what features appeal to you most and why. You can also suggest alternative or additional options to improve the OCTL2operation.

There are no restrictions on the format of the reports. Shoot an interesting video about your trading activity with the help of plugin, draw a comic strip or an infographics - and it maybe you who’ll win the main prize!

Authors of the best 3 reports will be awarded with the following prizes:

1st place - $500
2nd place - $300
3rd place - $100
People's Choice Award - $100

All the details inthis FXOpen forum thread.

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FXOpen announces the Best Forex Trader in Asia


FXOpen, together with ForexCup, are happy to announce the results of the biggest Asian regional Forex contest – Asian Forex Championship.

The competition was held from May 27th to July 19th and was open to residents of Asian countries only. The Championship was a hit with approximately 1600 participants, fighting for impressive main prizes and bonuses worth somewhere around US$10,000.The bonus fund was divided between 163 successful traders, who managed to increase their initial deposits by 50% or more, in accordance with contest rules.
The first three prize-winning places were taken by the strongest Asian traders! Indonesian trader Ariful Miftakhuddin was awarded the title of the Best Asian Trader with a PAMM account worth US$3,000 as his prize.
Malay trader Farid Ikram Ahmad Zabidi and Sharif Abughazaleh from Jordan came in second and third. Both of them were awarded with PAMM ECN accounts worth US$2,000 and US$1,000 respectively.

FXOpen would like to take this opportunity to congratulate all participants, bonus-holders and prize-winners on good results and invites them to join future Forex contests at ForexCup.
Follow the discussion at FXOpen Forum.

Best regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

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FXOpen News - MT4 versions below 500 will not be supported as from August 1, 2013

FXOpen recommends traders to update the trading platform MT4 in connection with the release of a new version of MT4 platform components. The latest version â„– 507provides traders with such new abilities as quick registration of trading signals, setting the spread during testing and others.


The latest MT4 update also includes different corrections of several major and many minor bugs. You can download the trading platform MT4 right now in order to test the new version along with its’ new features and improvements.

Attention! Since August, 1 2013desktop client terminals of versions less than 500 will be no longer supported (not applied to mobile terminals). With regard to that fact were commend all traders to update their trading terminals to the latest available version.

Download a new version of MT4 for ECN

Download a new version of MT4


Best regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

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Interview with the winner of Asian Forex Championship

Earlier this week ForexCup announced the results of Asian Forex Championship. The biggest regional Forex-contest was held from May 27th to July 19th, and was a total hit with over 1600 participants.

The winner, an Indonesian trader Ariful Miftakhuddin, was awarded the title "The Best Asian Trader" and a PAMM ECN account worth $3000. Ariful Miftakhuddinshould really be admired for his trading talents and outstandingresults! The winner made more than 2000% profit, leaving his competitors far behind. It was a clear victory.

We were lucky to interview the most successful trader in the Asian ForexMarket and asked him a few questions about the championship, his trading strategy and plans for the future.


1. Could you please tell us a few words about yourself?
I am 25 years old and I am single. I live in Indonesia. My hobby is music and bird watching.

2. Could you please describe your “way in Forex”: how and when you started, how you moved on, when you managed to make the first profitable trade, etc.?
I learnt about Forex trading about three years ago. Actually, I started learning by joining some thematic forums.

3. Do you trade with real money? Are you successful at it?
Yes, I do trade in a real account. Well, what concerns profitability I consider it is enough for me, when my profit is bigger than my losses.

4. What is trading for you: your main source of income or just a nice pastime, which earns you some money?/
Trading is my main source of income. I consider it my job.

5. How did you learn about ForexCup contests? Have you ever participated in contests held by other brokers?
For the first time I came across the mentioning of ForexCup contestsat one of the forums, that I usually read. So, I decided to try - and now I like it very much. I have never participated in competitions,which are held by other brokers.

6. What are the advantages and disadvantages of ForexCup competitions?
As for me, the main advantage of ForexCup competitions is free participation in most contests. I admire it because you do not loseanything even if you are not successful. And I cannot think of any disadvantages, the project is of high quality.

7. Let’s talk about the Championship you won – it was one of the biggest ForexCup events, how did you dare to participate?
Actually, when I saw the announcement, I just decided to try. I thought “Why not?” and joined the championship.

8. We know that before that contest you have already participated in16 other contests – what encourages you to try again and again?
My main reason to participate in each contest is to learn from other traders and to develop my own trading skills.

9. Weren’t you scared by the high level of other traders in the contest? Did you follow the results of your competitors?
I should say that I wasn’t afraid – if I already joined it, I just had to do my best at trading. And I didn’t follow the results of other participants – I was totally concentrated on my own tasks.

10. How did you make your trading decisions? Did you think everything over or did you let yourself risk sometimes?
In most cases I carefully analyzed the situation, but sometimes I made risky decisions too.

11. Did you dream about the victory or you were just sure that you would win?
I should confess that I haven’t even dreamed about the victory. So, it was a total surprise for me!

12. According to the contest statistics, you made a lot of trades –and you traded mainly GBPJPY or other GBP pairs – is it your favorite trading instrument? Why did you choose it? What other pairs do you like to trade?
You are totally right, most of my trades were made on GBPJPY – just because it’s my favorite currency pair. Also I often used EURJPY and USDJPY, because those instruments usually have nice movements.

13. Also, we can see that you had really few losing trades – so, did it take you long to work out a profitable strategy? What is your strategy based on?
I created my strategy while I was learning to trade at Forex. While preparing it, I tried to use different indicators, but finally I picked Ichimoku.

14. What did you feel at the end of the contest when your leadership was proved?
I was very, very happy about my victory!

15. You got a PAMM ECN account with significant money in it as a reward – are you excited to start your PAMM manager career or would you prefer just a money prize?
I enjoy having a PAMM ECN account – I have always dreamed about it.But if you had given me just a money prize, I would not be upset*smiling*.

16. How do you plan to manage your PAMM ECN account?
I want to develop it, to attract Investors and manage it as long as possible – and make great profit, of course.

17. Are you going to participate in forex-contests again, after being awarded such a great title?
Forex-contests are my hobby, so, you will see me in ForexCup competitions again and again.

18. Could you please give some tips of advice to newbies and to those who still plan to start participating in ForexCup contests?My main advice is “never give up!”. You should try again and again until you succeed. And do not forget to improve your skills by both learning theory and practicing it.

ForexCup teamtotally agrees with the winner: never stop on your way to your dream.Take every opportunity to improve it and develop your skills – and success will find you. Do everything possible – and you will be awarded!

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FXOpen Welcomes Traders to Forum Contest



FXOpen moves on with the popular FX Insight contests and offers another competition to FXOpen Forum users with the main prize of $30 for the most precise guess.

The contest “FX Insight”has long become popular with forum users of FXOpen broker. And it’s not surprising, since the competition does not require any investment,while a $30 prizeto the real account is a good reward given that you just have to guess the closing price of a certain currency pair on a specified date.

So, if you are positive about the contest “FX Insight. Test your luck! Hit the mark! (GBP/JPY on 17.08.2013)” and are ready to join it, please, make sure you do the following:

• Submit your guessing of GBP/JPY rate on 17th August, 2013;
• Share your variant* in the corresponding forum thread by 13th August, 2013;
• Wait for the results that are to be announced on 19th August, 2013.

By the way, GBP/JPY has become the lucky currency pair for the winner of the Asian Forex Championship. Who knows, maybe it will help you win as well!

* Please, check the rules of the contest before publishing your predictions - they may not be accepted if not compliant with the format of the competition.

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FXOpen Holds FX Market Masters September 2013 Contest


FXOpen is glad to announce the launch of its regular FX Market Masters competition scheduled for Autumn 2013 at ForexCup. During 4 weeks of tough competition, traders will fight for main prizes consisting of a PAMM ECN account with a free deposit of US$1,125 and a bonus equal to 75% of the entry fees.


The 5 best traders will receive real money prizes with other competitors receiving a bonus upon the condition that they increase their start-up deposit by 10% or more, with a total bonus pool of up to US$3500!

For example, the winner of FX Market Masters April 2013 got the total prize of $1827, of which $250 was the maximum possible bonus of the profit made.

Worth a try? We think so!

To participate in the FX Market Masters September 2013, there is a registration fee of $6 that will be added to the contest prize fund,therefore, the more contestants who register for the competition, the greater the prize fund.

REGISTRATION

Important! You are required to have at least US$6 in your e-Wallet to register to take part in the tournament.You can add funds to your account via any payment system. If you have funds available in your FXOpen trading account, you can transfer the needed sum to your e-Wallet. Go to your account.


Key dates:
August 7, 2013 - registration starts;
September 8, 2013 – registration ends;
August 26, 2013– competition starts;
September 20, 2013– competition ends.


Prizes:
1st place – US$1,125 + 75% of the entry-fees + bonus;
2nd place - US$180 + 12% of the entry-fees + bonus;
3rd place - US$75 + 5% of the entry-fees + bonus;
4th place - US$75 + 5% of the entry-fees + bonus;
5th place - US$45 + 3% of the entry-fees + bonus.


Bonuses:

1% of the profit made during the competition will be added to the account of the traders, able to increase the provided start-up deposit by 10 % or more.
Declared bonus budget - US$3,500.


Terms of the contest:

• Entry fee: US$6;
• Trading instruments: 49 currency pairs, gold, silver;
• Trading platform: MetaTrader 4 (download);
• Contest account: ECN demo;
• Start-up deposit: US$5,000;
• Leverage: 1:100;
• EA: allowed;
• Locking: allowed;
• Lot volume: from 0.1 to 1 (maximum 1 lot per order);
• Number of orders, open at a time (including pending orders): maximum 5;
• The competition is not open to employees of FXOpen.

Basic requirements to be eligible for a prize/bonus:

- Minimum number of trades - 20 trades of 20 lots’ total volume;
- Make at least one post in the corresponding thread of FXOpen Forum (otherwise prizes and bonuses will be withheld).For full details of prize withdrawal, bonus withdrawal, bonus calculation - click HERE.

Useful links:
- How to participate in competitions;
- Competition Rules;
- FAQ;
- Guide on ForexCup Prizes and Bonuses;
- FX Market Masters April 2013 Forum thread.

[settelee]

FXOpen Moves to STP Accounts


FXOpen, a leading broker in Forex trading, is delighted to announce the introduction of a new type of accounts – STP.This trading account has been developed with the help of durable and successful collaboration with the company’s clients and partners with the firm paying due attention to their requirements.

The key feature distinguishing this type of account from ECN/STP is that commission paid to the broker is included in the difference between the Best BID and the Best ASK prices i.e., spread. It is not the only distinction however, since each order goes to the market for execution,all clients could benefit by utilising the liquidity available.

In this regard FXOpen customers, trading with REAL 1 server, will be moved to STP accounts. This action will be effective from 2ndSeptember 2013. It should be noted that this does not apply to “Micro”accounts. Customers wishing not to work with this account type will have to liquidate their positions and open new “Standard” accounts in their MyFXOpen personal back office area within 2 weeks from the specified date.

Partnership programs for STP accounts will be announced by the company imminently. For further information follow the news line on our site.

Further discussion on FXOpen Forum

Best regards
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)


Source : Forex Encyclopedia

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Interview with the 2nd Prize Winner of the Asian Forex Championship

The summer of 2013 was notable for an outstanding event – The Asian Forex Championship–held within the ForexCup project. The event attracted approximately1,600 traders from 53 countries in the Asian region, all competing for great prizes and bonuses provided by FXOpen.

All contestants demonstrated great trading skills, dexterity and adeep knowledge of market specifics. All results were achieved by the efforts of each participant, while some traders were awarded for their excellent performance.
Farid Ikram Bin Ahmad Zabidi from Malaysia won the 2ndprize. During eight weeks of trading he made an outstanding 1,355%profit. Small margins separated him from first place generally keeping pace with the eventual winner. Farid is a deserved 2nd prize winner and a PAMM ECN Account Manager.

We contacted this exceptional trader and asked him a few questions about his participation in the Championship and his trading experience in general.

FXOpen: “Could you please tell us a few words about yourself?”
Winner: “I am 28 years old. I am married with acute daughter who is almost two-years old. I am from Perak, Malaysia. I work as an Assistant Technician Officer in Telekom Malaysia and my hobby is fishing.”

FXOpen: “Could you please describe your “way in Forex” i.e. how you began, developed, made your first profitable trade, etc.?”
Winner: “I started trading in Forex about 5 years ago, when a colleague of mine told me about this alternative source of income. Then I joined some Forex courses and thematic groups in Facebook. I made my first profit in 2011.”

FXOpen: “How did you learn about the ForexCupforex-contests? Have you ever participated in contests organised by other brokers?”
Winner: “I came across ForexCup when surfing one of my favorite forums. I’ve also participated in other brokers’ contests, but I was not lucky there.”

FXOpen: “What in your opinion, are the pros and cons of ForexCup competitions?”
Winner: “What I like about ForexCup most is that there is no need to deposit any money. The rules are clear and simple and the rewards are worth fighting for. Personally, I see no disadvantages.”

FXOpen: “This Championship was one of the biggest ForexCup events. What made you join this competition?”
Winner: “I should say that it was a real challenge for me. I knew there would be hundreds of participants and strong competitors from all Asian countries. But in the end I came second– and I assure you, I had no idea that I could win.”

FXOpen: “How did you make your trading decisions? Were they informed, risk averse or did your actively pursue risk?”
Winner: “Most of my trading decisions are based on technical analysis, so, I have to think them over carefully. But as a human being I make risky decisions at times.”

FXOpen: “According to the contest statistics, a large percentage of trades were made on GBPJPY– is it your favorite trading tool? Why did you choose it? What other instruments do you prefer trading?”
Winner: “EURUSD is my favorite currency pair, but it is not that volatile, so, I settled on GBPJPY. Sometimes I used EURJPY, even though it was more risky but high risk means high return.As for live trading, I opt for gold.”

FXOpen: “You had just a few losing trades. Did it take you long to work out a profitable strategy? If so, what is the essence ofit?”
Winner: “From my point of view a profitable strategy should be based on careful analysis and risk management. When participating in the contest I used the mix of two strategies: KGBS TS-Kang Gun Buyer Seller Trading strategy and my own strategy, but I am still working on it.”

FXOpen: “You were awarded with a PAMM ECN account with a healthy deposit – Are you satisfied with this method of reward or would you prefer prize money only?”
Winner: “I’ve got my prize - that matters. And I am happy about being a PAMM ECN Account Manager.”

FXOpen: “Do you have any plans for how you will manage your PAMM ECN account?”
Winner: “Yes, I have some plans. I want to develop the account, enlarge the balance and attract investors to it.”


FXOpen: “Will you participate in forex-contests again, after such a great performance?”
Winner: “As soon as I have some free time, I will join ForexCup contests again.”

FXOpen: “What advice can you give to beginners and those who are planning to join ForexCup contests?”
Winner: “Do understand that you enter a risky world of Forex trading. Work on yourselves, control your emotions andtry to avoid unnecessary risks. And remember that you can be successful only if you never give up – make it your motto. And I am sure, one day you will win!”


Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

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FXOpen Holds Forex Article Contest


FXOpen a leading broker in Forex would like to inform its customers about the launch of the Forex Article Contest. This competition is scheduled to be held between 1st September and 1st October 2013.

The Forex Article Contestis an excellent opportunity for Forex traders and spectators alike to discover hidden talents, revealing a creative personality by writing about market activity. Trading activity is not obligatory for participation in the competition i.e., the text content is the main focus.

To participate in the contest simply send an article dedicated to Forex that will be judged in one of two categories, being “Forex Theory” and “Forex Success Story.”

category has its own requirements. Forex success stories may also be of a humorous construction and may describe your personal experiences in Forex.“Forex Theory” requires a more academic approach and should demonstrate a deep understanding of the market and its principles.

Authors of the most outstanding articles will be awarded with prizes totaling US$1,400! The winner may receive between US$250 to US$500 depending on the category they choose. Prize winners will be determined by voting held in FXOpen Facebooki.e., your fellow traders will directly influence the contest results.

For further details on contest terms, please, visit the FXOpen Forum.


Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

[settelee]

ForexCup - Profitable WeeK 09/09/2013-09/13/2013 Welcomes New Participants

Monday, 2nd September 2013, registration for another weekly competition has been opened thus, the contest “Profitable WeeK 09/09/2013-09/13/2013” is waiting for its new participants.

The competition will be held between 9th September and 13th September 2013. During5 trading days all contestants should increase their start-up depositof US$5,000 as much as possible. The starting capital will be availableon the first day of the competition - 9th September.

The advantages of the contest:

• Free participation;
• 7 prizes;
• US$1,100 bonus pool;
• 8 traditional currency pairs as trading tools (EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP);
• EAs welcomed.

Test your luck in a weekly competition at ForexCup! Isn’t it a good chance to start your way to success?


REGISTRATION


Key dates:

• September 9, 2013 – registration ends;
• September 9, 2013 – competition starts;
• September 13, 2013 – competition ends;
• September 16, 2013 – summing-up.

Prizes:

• 1st place – US$200 + bonus;
• 2nd place – US$100 + bonus;
• 3rd place – US$40 + bonus;
• 4th place – US$24 + bonus;
• 5th place – US$16 + bonus;
• 6th place – US$12+ bonus;
• 7th place – US$8+ bonus.

Bonuses:
1%of the profit made during the competition will be added to the account of the traders, able to increase the provided start-up deposit by 80 % or more.
Declared bonus budget – US$1,100. The maximum bonus for 1 participant – US$250.

Terms of the contest:

• Free participation;
• Trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP;
• Trading platform: MetaTrader 4 (download);
• Contest account: ECN demo;
• Start-up deposit: US$5,000;
• Leverage: 1:100;
• EAs: allowed including FXOpen OneClickTradingLevel2 Plugin;
• Locking: allowed;
• Lot volume: from 0.1 to 1 (maximum 1 lot per order);
• Number of orders, opened at a time (including pending orders): maximum 3.

Basic requirements to be eligible for a prize/bonus:
- Make at least one post in the corresponding thread of FXOpen Forum (otherwise prizes and bonuses will be abolished).
- Make at least 5 trades of 5 lots’ total volume during the contest.
- Give an interview after the contest results are announced (the list of questions is provided by the ForexCup team). This is an obligatory requirement to receive the main prize.

For full details of prize withdrawal, bonus withdrawal, bonus calculation - click HERE.

Useful links:

• How to participate in competitions;
• Competition Rules;
• FAQ;
• Guide on ForexCup Prizes and Bonuses;
• Contest’s Forum thread

[settelee]

Guess a course for EUR/USD – get your prize from FXOpen!

A traditional contest “FX Insight. Test your luck! Hit the mark!” is now available at FXOpen forum. Any trader, registered in the forum, is able to become a participant.

It is really simple to join a competition:if you are ready to fight for $US 30 from FXOpen, you have to leave your personal prediction of EUR/USD closing price for September, 20 in the corresponding forum thread.

Your bet should satisfy a few rules:

• Spreads between participants’ bets should be no less than 5 points;
• You cannot repeat someone else’s rate;
• Each participant is able to make only one bet;
• You are not allowed to change or delete your prediction;
• If your bet has been declined, you can leave ONE MORE new bet which totally complies with the rules.

Participants’ rates are accepted until September, 17. The winner’s name will be announced on Monday, September, 23. The winner will be the author of the closest prediction.

Join the contest at FXOpen Forum!

[settelee]

ForexCup - Profitable Week 09/23/2013 - 09/27/2013

Currency Week at ForexCup – Five Days without Metals

ForexCup free weekly competitionsare viewed as one of the most popular Forex projects. As usual ForexCup team has prepared another interesting contest that is already open to everybody.

Judging by the previous competitions, any restrictions have not prevented Forex traders form their active participation. The project amateurs gladly traded both traditional and exotic instruments. They also demonstrated excellent trading skills in the contest held on two currency pairs only.
This time the terms of the competition are very simple i.e., all trading tools are available in the contest but for the metals. The participants will have 49 currency pairs and the ability to choose any trading instrument themselves. There will be 6 prizes, a US$1,100 bonus pool and 5 breathtaking days of competition with other talented traders from all over the world.
Grab your chance to make this fall profitable with ForexCup!
REGISTRATION



Key dates:

• September 23, 2013 – registration ends;
• September 23, 2013 – competition starts;
• September 27, 2013 – competition ends;
• September 30, 2013 – summing-up.

Prizes:

• 1st place – US$200 + bonus;
• 2nd place – US$100 + bonus;
• 3rd place – US$40 + bonus;
• 4th place – US$20 + bonus;
• 5th place – US$20 + bonus;
• 6th place – US$20+ bonus.

Bonuses:
1% of the profit made during the competition will be added to the account of the traders, able to increase the provided start-up deposit by 80 % or more.
Declared bonus budget – US$1,100. The maximum bonus for 1 participant – US$250.


Terms of the contest:

• Free participation;
• Trading instruments:EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF,GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD,EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY,AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD,SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN,USDRUB, USDSEK, USDNOK, USDDKK;
• Trading platform: MetaTrader 4;
• Contest account: ECN demo;
• Start-up deposit: US$5,000;
• Leverage: 1:100;
• EAs: allowed including;
• Locking: allowed;
• Lot volume: from 0.1 to 1 (maximum 1 lot per order);
• Number of orders, opened at a time (including pending orders): maximum 3.

Dear Traders,
Note,please, that your trades are automatically closed at the end of the contest. Therefore, the closing price may be either the same as themarket closing price, or it may differ from it. It is reasoned by thefact that your trades are usually closed not immediately, but with some delay.

Basic requirements to be eligible for a prize/bonus:
- Make at least one post in the corresponding thread of FXOpen Forum (otherwise prizes and bonuses will be abolished).
- Make at least 5 trades of 5 lots’ total volume during the contest.
- Give an interview after the contest results are announced (the list of questions is provided by the ForexCup team). This is an obligatory requirement to receive the main prize.
For full details of prize withdrawal, bonus withdrawal, bonus calculation - click HERE.

Useful links:

• How to participate in competitions;
• Competition Rules;
• FAQ;
• Guide on ForexCup Prizes and Bonuses;
• Contest’s Forum thread

[rohmatul]

How old FXopen right now??

is this broker have regulatory??

[settelee]

FXopen is old enough to be a professional and reliable broker.

Of course, FXOpen NZ Limited is duly registered with the Financial Service Provider Registry in New Zealand (FSPR License Number: FSP192685) and is a member of the Financial Dispute Resolution Scheme as obligated by law.

[settelee]

Three “T” of Traders’ Success from the 3rd Prize Winner of Asian Forex Championship

Asian Forex Championship has become the most outstanding forex-contest, recently held by FXOpen. Hundreds of traders from 53 Asian countries have fought for the main prizes provided by the broker.
Three strongest participants were awarded good financial bonuses along with PAMM ECN accounts registered with FXOpen.

The 1st and 2nd prize winners have already shared their impressions of the contest and finally, the third place keeper has agreed to reveal some of his trading secrets. During the Championship the trader made 1294% of profit for which he received a PAMM ECN account with $US1,020 in it.

FXOpen team have contacted the trader and asked him a few questions.

FXOpen: “Could you please tell us a few words about yourself?”
Winner: “My name is Sensenati. I am 30 years old and I am married. I am from Jordan, I live in Tabrboor city. I work in the Interior Ministry of Jordan.”

FXOpen: “Could you please describe your “way in Forex” i.e. how you began, developed, made your first profitable trade, etc.?”
Winner: “Two years ago one of my friends told me about his experience of Forex trading. It seemed interesting to me and decided to join some Forex courses here in Jordan. I also took private lessons of Forex trading.”

FXOpen: “How did you learn about the Forex Cup forex-contests? Have you ever participated in contests organised by other brokers?”
Winner: “I have come across the mentioning of ForexCup in some online ads and immediately decided to try.Some time ago I tried forex-contests organized by other broker. That’s why I decided to join the Championship – I had enough confidence in myself.”

FXOpen: “What in your opinion, are the pros and cons of ForexCup competitions? What would you change in the project?”
Winner: “What I like about ForexCup most is that it provides a trader with everything that is needed i.e., it’s easy to register for a contest; all competitions are well organized while trading terms are favorable and attractive.
As for the weak points, I would mention a fixed leverage, the necessity to register at FXOpen forum and the restriction of “no more than 5 positions at a time” – that’s what I think worth changing.”

FXOpen: “This Championship was one of the biggest ForexCup events. What made you join this competition?”
Winner: “I had a strong desire to participate in the contest – that’s how I decided to join the Championship.”

FXOpen: “How did you make your trading decisions? Were they informed, risk averse or did your actively pursue risk?”
Winner: “Most of my trading decisions were carefully thought over while based on technical analysis, news and indicators. But I also took up risk and I liked it.”

FXOpen: “According to the contest statistics, you have made 25 trades, of which a large percentage belongs to JPY. Is it your favorite trading instrument? Why did you choose it? What other instruments do you prefer trading?”
Winner: “I have settled on JPY pairs as they are usually more volatile than others. As for my regular trading habits, I prefer gold.”

FXOpen: “All your trades were profitable. Did it take you long to work out a profitable strategy? If so, what is the essence of it?”
Winner: “My trading strategy is based on indicators, news trading and technical analysis. Actually, I am still working on its improvement.

FXOpen: “You were awarded with a PAMM ECN account with a healthy deposit – Are you satisfied with this method of reward or wouldyou prefer prize money only?”
Winner: “I am glad to become a PAMM ECN account Manager, because I have never tried ECN trading before. I hope I will be successful in it.”

FXOpen: “Do you have any plans for how you will manage your PAMM ECN account?”
Winner: “I want to try not only managing, but also investing in a PAMM. And I will also offer my family and friends to join me.”

FXOpen: “Will you participate in forex-contests again, after such a great performance?”
Winner: “I am sure I will, because ForexCup contests are great experience for any trader.”

FXOpen: “What advice can you give to beginners and those who are planning to join ForexCup contests?”
Winner: “you should be disciplined in everything related to trading. Work on yourself and don’t be greedy. If you want to invest, use only the money you can afford losing in case of a failure. Remember that trader’s success is based on three “T”:training, training and again training.”

Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

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FXOpen Joins The Financial Commission

FXOpen, one of the world’s leading Forex brokers is happy to announce its membership in The Financial Commission.

The Financial Commissionis a neutral 3rd party committee to fairly review and resolve complaints. We see it as one more way to show our clients that FXOpen’s activities conform to the best practices and high commercial standards in the Financial Services Industry. FXOpen’s membership in the Financial Commission gives each customer the opportunity to achieve a more cost-effective, simpler and swifter resolution of any issues that they might encounter while trading Forex through FXOpen.

The Financial Commission is an international independent non-government dispute resolution organization specializing in the Forex market based in Hong Kong, China. Its main body – the Financial Committee – is comprised of highly-skilled professionals with many years of experience at top managerial positions in the Forex market . Their vast expertise ensures in-depth understanding and investigation of each complaint.However, the members of the Financial Committee are not affiliated to any Forex brokerage firm, which guarantees an un biased approach to handling complaints.

By joining the Financial Commission we hope to boost our customers’ confidence in FXOpen as a broker. Customer satisfaction is one of our key priorities. And we strive to find an amicable and fair solution to any issue that may arise between the Client and the Broker. FXOpen is eager to achieve this both through FXOpen’s internal dispute resolution procedures, and through review of such issues by reputable 3rd party regulatory bodies, such as the Financial Commission.

For more information on the regulator see www.financialcommission.org/

Follow the discussion on FXOpen Forum.

Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]FXOpen Live Chat (24/5)

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Dates Extended for Forex Article Contest

FXOpen, a leading company providing brokerage services, launched the Forex Article Contestin early September. The competition was focused on the Forex-related articles to be written in one of the two categories i.e., “Forex Theory”or “Forex Success Story.”

The contest deadline has been extended to October 15, 2013, so there are two more weeks to share your trading experience and join the list of odds-on favourites.

FXOpen is delighted to present the contestants’ works that are available in the corporate blogs in the Russian and English languages. You are free to consult the useful material and pose any questions to the authors of the articles.

In order to participate in the contest you have to write a story about your personal achievements in Forex (humorous form of narration is welcomed) or an article about the market specifics demonstrating your in-depth knowledge.

There are different requirements to the provided material depending on the category.
Authors of the three best articles will receive:

The category “Forex Theory”
1st place – US$500
2nd place – US$250
3rd place – US$150
The category “Forex Success Story”
1st place – US$250
2nd place – US$100
3rd place – US$50

FXOpen would like to take this opportunity to offer its thanks to all the participants and to invite others to join this competition!

We will be accepting your works for two more weeks, until October 15, 2013. Send them to [email protected].

See the contest details.

FXOpen
Press and Media contact
[email protected]

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Free Contests Marathon Goes on at ForexCup

Profitable WeeK free competitions, held by ForexCup on a weekly basis, are well known to thousands of traders worldwide. Over and over again they become active participants of such contests in the hope to win good prizes and bonuses and master their trading skills. ForexCup is glad to support their intentions – we launch “Profitable WeeK 10/14/2013-10/18/2013!”

The popularity of ForexCup competitions is reasoned by such advantages as free participation, decent bonus and prize funds, an opportunity to testyour own trading strategy and unexpected choice of trading instruments available during the contest. For example, this time only seven currency pairs with USD on one side will be allowed in the competition i.e.,EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD.

What really worth mentioning is that Profitable WeeK competitions are open for everybody as hundreds of traders from different parts of the world regularly join them. Isn’t it a great chance to learn from others’ experience, work out your own trading style and upgrade your skills? We think it is!

Profitable WeeK 10/14/2013-10/18/2013 free weekly contest is worth a try! Don’t hesitate and register right now! Who knows, it may be this competition that will show you the way to success!


REGISTRATION


Key dates:

• October 14, 2013 – registration ends;
• October 14, 2013 – competition starts;
• October 18, 2013 – competition ends;
• October 21, 2013 – summing-up.

Prizes:

• 1st place – US$200 + bonus;
• 2nd place – US$80 + bonus;
• 3rd place – US$40 + bonus;
• 4th place – US$24 + bonus;
• 5th place – US$16 + bonus;
• 6th place – US$12+ bonus;
• 7th place – US$12+ bonus;
• 8th place – US$8 + bonus;
• 9th place – US$8 + bonus.

Bonuses:

1% of the profit made during the competition will be added to the account of the traders, able to increase the provided start-up deposit by 80 % or more.
Declared bonus budget – US$1,100. The maximum bonus for 1 participant – US$250.

Terms of the contest:

• Free participation;
• Trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD;
• Trading platform: MetaTrader 4 ;
• Contest account: ECN demo;
• Start-up deposit: US$5,000;
• Leverage: 1:100;
• EAs: prohibited;
• Locking: allowed;
• Lot volume: from 0.1 to 1 (maximum 1 lot per order);
• Number of orders, opened at a time (including pending orders): maximum 3.

Dear Traders,
Note,please, that your trades are automatically closed at the end of the contest. Therefore, the closing price may be either the same as the market closing price, or it may differ from it. It is reasoned by the fact that your trades are usually closed not immediately, but with some delay.

Basic requirements to be eligible for a prize/bonus:
- Make at least one post in the corresponding thread of FXOpen Forum (otherwise prizes and bonuses will be abolished);
- Make at least 5 trades of 5 lots’ total volume during the contest;
- Give an interviewafter the contest results are announced (the list of questions is provided by the ForexCup team). This is an obligatory requirement to receive the main prize.
For full details of prize withdrawal, bonus withdrawal, bonus calculation - click HERE.
Useful links:

• How to participate in competitions;
• Competition Rules;
• FAQ;
• Guide on ForexCup Prizes and Bonuses;
• Contest’s Forum thread

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FXOpen Accepts Payments via Neteller


FXOpen, one of the leading Forex brokerage companies, is excited to announce that we now accept payments via Neteller.

For over a decade, NETELLERhas provided businesses and individuals with a fast, simple and secure way to move money online.Neteller is a highly-reputable payment option trusted by millions of merchants and consumers in more than 200countries and from a broad spectrum of industries and businesses.Neteller eWallet coupled with Net+ Pre-paid Master cards makes Neteller one of the most popular, easy-to-use and secure payment option online.

FXOpen customers can now enjoy all benefits of Neteller when funding their FXOpen account or making a withdrawal:

• Instant deposits;
• Deposit commission is only 2.5%;
• Payments in USD, EUR, AUD, GBP, JPY, RUB and SGD;
• Withdrawals without commission.

If you already have a Neteller eWallet, please, log into My FXOpen to deposit to your FXOpen account or withdraw.
If you are not registered with Neteller yet, take a couple minutes to sign up, verify and fund your Neteller eWallet.

For more information about Neteller, see FXOpen Help.
Follow discussion at FXOpen Forum
Best Regards,

FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

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FXOpen Announces Best Forex Writers



FXOpen has collated the results of the recently held Forex Article Contest and is ready to announce the winners.

The competition launched on 1st September 2013 and was open for anyone willing to take part in the contest that lasted 6

weeks.The rules required the writing of an article judged in one of two categories, being “Forex Theory” and “Forex Success

Story.”

FXOpen wish to express their thanks to all the participants for their activity and enthusiasm. There are however, only a few prize

winners.They were determined by voting held in social networks, as well as FXOpen representatives’ objective assessment:

Forex Theory:
1st place – US$500 – Rinat Zaynutdinov;
2nd place – US$250 – Aleksandr Semkin;
3rd place –US$150 – Ahmed Mohamed.
Forex Success Story:

1st place – US$250 – Triyono;
2nd place – US$100 – A. V. Lukyanchikov.

Igor Titara was recognised as the most active contestant. He wrote 4 articles in the “Forex Theory” category. The author

receives an additional prize of US$100 from FXOpen as a reward for his excellent efforts.

The contest organisers also awarded US$100 to Waheed Mughal as a randomly chosen voter for the submitted articles in

FXOpen Facebook.

The submissions of all participants are available in the relevant categories of the company’s blogs:
http://blog.fxopen.com/topics/forex-article-contest/
http://blog.fxopen.ru/tema/konkursy-fxopen/

FXOpen would like to take this opportunity to thank all the winners and invite all others to enter the second round of the competition.

Thelaunch of the next contest will be announced soon.

Follow the discussion on FXOpen Forum.

Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

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Notice about Violation of FXOpen Intellectual Property Rights

Dear Customers,

FXOpen would like to bring to your attention that certain websites, in particular http://www.dkumarsghl.com/ and http://www.forex-open.com/en/html/about/jieshao/, have misused FXOpen brand that it considered an egregious violation of the Company’s exclusive copyrights.

Please be informed that the word “FXOpen” is registered as a trademark by the World Intellectual Property Organization in accordance with the Madrid Agreement and Protocol concerning the International Registration of Marks. Therefore, this is the intellectual property which is protected by law.

The references to FXOpen group of companies made on the abovementioned sites are illegal and fraudulent. FXOpen would like to stress that neither D-kumars Golden Heritage not Forex Open is the subsidiary of FXOpen group and has any affiliation with the Company.

FXOpen wishes to warn its customers of the fake sites and recommend them being on the alert. The unauthorised actions of the above sites may also cause damage to the Company’s reputation or mislead its potential clients. In this regard FXOpen claims it will take every legal step to seek justice and protect its customers’ valuable interests.

Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)


Source : Forex Encyclopedia

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Autumn Round of FXOpen Forum Best Trader Contest Gets Started

22nd October, the autumn round of the popular contest “Forum Best Trader” starts on FXOpen forum. The registration in the competition is already available.

This fall traders, registered on FXOpen forum, will be able to get prizes and bonuses for describing their trading activity. Similar competitions have already been held among the forum community. Judging by the positive feedback we’ve got, we decided to give you another chance to learn something new from your fellow-traders and earn some money.

The contest rules are rather simple:you have to describe your trades in the contest account within 36 hours from the moment they were made. Your description must contain the account number, the screenshot of the open position and arguments supporting your decision. Pay attention to the fact that it is not enough to place the screenshots of the terminal without any commentary.Such posts won’t be considered.

The contest prize fund is US$2,000 that will be distributed among the best three participants:

• 1st place – US$504
• 2nd place – US$396
• 3rd place – US$300

The bonus fund of US$800 will be distributed among all the contestants with positive trading results.

You can see the registration details and full terms contest in the corresponding thread of FXOpen Forum.

Join now and it may be you who will become the Best Forum Trader!

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Guess FX Rate on FXOpen Forum and Get US$30 on Account!

FXOpen welcomes everyone to the traditional forum contest – “FX Insight. Test your luck! Hit the mark!”

The competition is already available on FXOpen forum.

According to the contest rules, traders will have to guess the USD/JPY closing price on 26th October 2013. All the participants

should share their suggestions in the corresponding thread of FXOpen forum and wait for the winners to be announced. The

competition results will be collated on 28th October 2013.

Prior to placing your bets, pay attention to the following terms:

• Place a bet as is shown here: “your forum nickname – your bet”
• Spreads between the participants’ bets must
  
  exceed 5 pips i.e., if there is a bet of 1.5000, the nearest possible variant must be 1.5005 or 1.4995)
• Each participant may
  
  place only one bet
• It’s not allowed to repeat one’s bet
• It’s not allowed to erase or edit your variant
  
  of the possible fx rate that has already been shared

See the contest details in the

competition thread of FXOpen Forum.

Join the contest and test your luck with FXOpen!


The bets are accepted until 22nd October 2013.

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FXOpen Launches Customer Support Portal

FXOpen,one of the world’s leading Forex brokerage companies, is delighted to announce the launch of a Customer Support Portal – support.fxopen.com. The key target of the project is to reorganise the customer support process and implement a number of new opportunities.

The Customer Support Portal is a specialised, user-friendly system designed specifically for FXOpen clients. We have introduced some valuable options for the company’s clients e.g.,tailored advice from the specialist online support team with immediate effect, query placement and status monitoring.

With the development of the project, the FXOpen product users will become more independent and self-contained in solving a number oftechnical and finance-related issues. Each participant will have access to detailed descriptions of the company’s focus areas and the services provided.

The launch of the Customer Support Portal will enable FXOpen clients to:

• - enter a chat room and start a conversation with a support team operator;
• - make queries to the appropriate departments, update their requests and follow the problem resolution process;
• - get the required information from the company’s knowledge base – FXOpen Help – in full.

FXOpen clients will have the opportunity to assess the quality support received, enabling us to improve the efficiency, refine internal processes and deliver a first-class customer service.

To log into the portal simply use MyFXOpen details.

Currently FXOpen clients are provided with an opportunity of sending tickets to the customer support service and consulting the company’s operator online. An extensive knowledge base is being created within the project. It will help to familiarise users with FXOpen services,activities and terms of business within a short time span.

FXOpen cares about its customers’ interests and applies maximum efforts to make the cooperation with the company convenient and transparent.

Follow the discussion on FXOpen Forum.

Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

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FXOpen Runs SMS Notifications Service

FXOpen is glad to offer its customers a new service – SMS notifications.This option is available for all users registered with the company. The functional is developed to carry out extra verification when log into MyFXOpen personal area, get notifications about the withdrawal or payment status changes, as well as recover a new password under strict security conditions.

SMS service is designed to simplify a number of internal processes and to provide safe and convenient interaction of the company’s clients and partners with the system. The opportunity to monitor the status of requests, directly obtain the profile details and be up on other important processes in MyFXOpen improves traders’ performance and enhances the overall efficiency of the company’s services.

FXOpen customers will receive SMS notifications to their cell phones after this option is activated in their MyFXOpen personal area.

To set up SMS service log into MyFXOpen, choose Profile--> SMS notifications and follow further instructions.

At the moment this option is free and can be enabled or disabled any time.

For more details about the new service configurations and the list of available SMS notifications please, see FXOpen Help.

Follow the discussion on FXOpen Forum.

Best Regards,
FXOpen NZ Limited
Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)