Trading Competition FAQ
1. What is the Drawdown limit?
For the November competition, there is a single maximum drawdown of 10% on your starting balance, with no daily drawdown limit. This means your equity must stay above $90,000. This rule applies only to November and may change for future competitions.
2. What happens if I don’t start trading right away?
Participants have 45 days to remain active in the competition. If you do not start trading within the first 15 days of the competition, your account will be disqualified. Please note that this 45-day period does not include the sign-up period, which begins one month prior to the competition start date.
3. What happens if I break any rules?
Any account that does not comply with the competition rules—such as exceeding the daily drawdown limit, using automated systems, or having multiple competition entries—will be disqualified.
4. Are experts or automated trading systems allowed?
No, experts (automated trading systems) are not allowed in this competition. The goal is to assess each trader’s skill on a level playing field.
5. Can I sign up with multiple accounts?
No, each participant is allowed only one account. Multiple accounts will result in disqualification from the competition.
6. How long do I have to sign up?
The sign-up period is one month before the competition start date. It usually begins on the first of the month. Please ensure you register during this time to secure your spot!
7. What is the account size and leverage?
Participants will receive a simulated trading account with a balance of $100,000 and 1:50 leverage on the MT5 platform.
8. Can I recover from a large drawdown?
Yes! We encourage participants to keep pushing even after a tough day. While we won't name any names, we've seen traders come back from losing 60% in previous competitions!
9. How do I sign up and navigate the dashboard?
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10. What are the key dates?
Sign-up period: One month prior to the competition start date, typically beginning on the first of the month.
First 15 days of competition: If you haven’t started trading by this point, your account will be marked inactive, and you will be disqualified.
End of Competition: The competition will end at midnight on the last day of the month.
Thank you for your patience as we finalize the review and distribute coupons to the verified winners. You will receive your prizes within 48 hours.