Contests Frequently Asked Questions (F.A.Q)
Trading Contests allow traders to test their skills and compete with other participants to win prizes, risk free.
No, a deposit is not required to join a contest. Every participant gets a funded contest account from PrimeXBT to compete with other traders.
Yes, participants can join numerous contests at the same time.
No. Currently there are no limits to the number of Contests that participants can join.
No, only Contests accounts will be included in contest leaderboards.
Trade and overnight financing fees on contest accounts are charged identically to real accounts.
To qualify in the leaderboards and be eligible to claim a reward, participants must meet the qualification requirements for the competition. The most common requirements to qualify are a minimum number of trades and a minimum turnover.
Details of a contest, including qualification requirements are reflected on its main information page.
When positions remain open at the time of completion of a contest their Unrealized P/L will be included in the final total profit calculations.
Opening a position increases the participant's Turnover indicator by the position's amount, and increases the Number of trades indicator by 1.
Consecutive closing of the position does not affect the Turnover and the Number of trades.
No. Once a contest has been joined it is not possible to leave that contest and rejoin it or reset trading account balance for that contest.
No. Using a high frequency trading software or a trading robot is prohibited by PrimeXBT T&C. If a participant is identified to be using such software for trading in a contest, they will be disqualified.