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Withdrawal/Deposits - time specific
I like to clarify on time specific questions on the beginning equity of the account.
If I would to withdraw deposits from my account between
the close of the trading day (5.00 PM New York time) on the last day of the month
and before 5:15 PM New York time on the first day of the month.
1) How will these affect the balance of the account for the contest (is there a time stamp on account equity?)
eg. If I make $1000 withdrawal before 5.15pm the first day from an account of $1500. Will the account start with $1500 or $500 for the contest?
2) Eligibility of the contest (withdrawal rules)?
based on the below rules
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3. CONTEST TRADING ACCOUNT
In order to win the monthly prize, traders must have a minimum balance of $500 by the first trading day of that month. All FXCM Micro accounts with a minimum balance of $500 at the beginning of the month are automatically entered in the contest. Withdrawing funds from your account during the duration of the contest will disqualify you from the contest.
5. DETERMINATION OF THE WINNERS
Each month the top three traders will be determined as follows: The FXCM Micro account will be marked to market at 5:15 PM New York time on the first day of the month and on the close of the trading day (4.59 PM New York time) on the last day of the month in order to determine the Entrant's beginning ledger balance and ending ledger balance.
Last edited by microking; 10-31-2009 at 10:06 AM..
Reason: edited on the time error
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