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.
Contest accounts are fully funded by PrimeXBT, providing a risk-free environment for participants.
Contests are open for anybody who wishes to participate. One has to register a free account on PrimeXBT to join a Contest.
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.
However, each Contest has its own limit on the number of participants. New participants will not be able to join a Contest once it's capped at its limit.
No. At the moment the Contests module is not available in the mobile applications of the platform, and is available on the desktop and mobile web-based versions of the platform.
No. MT4 and MT5 integrations are not available on the platform at the moment.
Once the contest is finished and all contest results are finalised and concluded, the rewards are distributed within the next few days.
All prizes are granted in the form of tradable bonuses and can be used as margin to open position and cover any fees/losses incurred on real margin accounts. Prize funds cannot be withdrawn.
No, only Contests accounts will be included in contest leaderboards.
Leverage is identical for both real and contest accounts. For detailed info regarding leverage and contract specifications please refer to the fees and conditions table.
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.