Learn the rules you need to follow to avoid being disqualified from competitions
Participation in competitions hosted by The Funded Trader is accessible to all who express interest. The ensuing guidelines are applicable to every competition participant, and non-compliance may lead to instant disqualification.
Eligibility
To join our competitions, participants must be at least 18 years old. Individuals under 18 are not eligible to become our clients. All participants must acknowledge and accept this requirement.
Prizing
1st place FREE $400k Royal Challenge + $7,500 cash
2nd place FREE $300k Royal Challenge + $2,500 cash
3rd place FREE $200k Royal Challenge + $1,500 cash
4th place FREE $200k Royal Challenge + $500 cash
5th place FREE $100k Royal Challenge + $500 cash
6th - 25th place: $100k Dragon Challenge
26th - 75th place: $50k Dragon Challenge
76th - 150th place: $25k Dragon Challenge
BONUS: $10k Dragon Challenge to anyone above 30%!!
Winning participants will receive their prizes within 10 days of the competition's end.
Schedule
The competition starts and ends at the scheduled times. Entries submitted after the finish time will lead to disqualification.
- The February Competition ends at 11:59pm EST on February 29th.
Ensure all positions are closed before this time.
- The March Competition starts on March 1st, with all accounts enabled by 12 PM EST on the same day and ending at 11:59pm EST on March 31st.
Participation
All competition entrants must create a valid The Funded Trader account and agree to The Funded Trader Terms of Service. Adherence to the rules and regulations is mandatory.
- One registered account per email address and IP address. Multiple accounts lead to immediate disqualification.
Breaches of Rules
Any violation of competition rules results in immediate disqualification at the sole discretion of The Funded Trader.
Modifications of Rules
The Funded Trader reserves the right to modify rules at any time. Entrants must check this page for rule updates.
Expert Advisor (EA) and Trade Copier Rules
Usage of EAs and trade copiers is not allowed in the competitions.
Simulated Trading News
Simulated Trading news is permitted, but caution is advised. Use proper risk management and be aware of issues like slippage during high volatility news events.
Simulated Drawdown Rules
The simulated daily drawdown is calculated based on the demo
balance or simulated equity. It is fixed at 5% of the initial balance.
- For the $100k account, the simulated daily drawdown is $5k minus
the demo balance or simulated equity (whichever is higher) when the day resets
at 5:00 pm EST or 00:00 GMT+3.
- Simulated max daily drawdown resets daily at 5:00 PM EST. Avoid executing trades between 4:57 PM - 5:03 PM EST during the drawdown reset.
Simulated 10% Max Total Drawdown
Broker and Lot Size Rules
As competitions run on ThinkMarkets, note the following symbol information:
1. For FX pairs, Indices, and Commodities (Gold & Silver)
- Tradeable pairs have
the "x" suffix (e.g., EURUSDx, NAS100x, XAUUSDx).
- 5 lots Max for Forex
Pairs
- 3 lots Max for Indices and Commodities
2. For Oil and Crypto
- Tradeable pairs have NO
suffix (e.g., BTCUSD).
- 3 lots Max for Crypto
& Oil
- Leverage is the same as
our Standard Regular Simulated Funded accounts
- 5 Simulated Minimum
Trading Days
- You can hold trades
overnight and over the weekend
- Avoid taking advantage of unrealistic fills in the demo environment
- Due to technical limitations with ThinkMarkets, the lot size rule is capped at 3/5 lots per side. This means the net lot size position is capped at 3 lots (indices/commodities/crypto) and 5 lots (for FX) per order side (buy or sell).
Becoming Disqualified
Upon registering, participants must sign into their Competition accounts at least once every 14 days.
- Inactivity for more than 14 days leads to disqualification.
Expired accounts cannot participate in the current competition but are welcome
to join the following month's competition.
- "DQ" on the dashboard indicates a breach of
competition rules. Support cannot reverse the breach, but participants are
welcome to register for the next month's competition.
- Close all trades before the competition's end to be eligible for prizes.
