Compare trading competitions

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DetailDeriv Trading CompetitionsXM CompetitionsThe Thunder Trader
EntryFree entryFree entry, Paid entryPaid entry
Entry costFreeDemo Weekly is free. The Daily Arena costs $5.$150, $250, $500 or $1,000 per event
AccountSimulatedSimulatedSimulated
Account details$10,000 in virtual fundsVirtual funds in both contestsDemo account. Fighter ($150) and Gladiator ($250) get $100,000, Titan ($500) $250,000 and Legend ($1,000) $300,000 in demo capital.
MarketsFinancial markets, Synthetic indicesNot confirmedForex, Crypto
Prize typeCashCashCash
Operator’s cutNone (free entry)Not stated20% of entry fees
Who gets paidPublished before each contest100 winners weekly, 10 winners dailyTop 3% to 35% of entrants, depending on event size
How winners are rankedFinal account balanceLeaderboard position at the end of the contestNet P&L at the end of the event
Drawdown rulesNot statedNot confirmedNo daily or total drawdown limit
Trading rulesAt least 4 active trading days. Bots and EAs not allowed.Not confirmed.Daily events need 4 closed trades, weekly events 3 sessions and 6 closed trades. Max size per tier: 2 to 20 forex lots, $50,000 to $500,000 crypto notional. EAs and bots allowed.
Who can enterOpen to anyone, but you need a fully verified Deriv account to claim a prize.Not confirmed. Which XM entity serves you depends on your country.Not open to residents of Hong Kong, Hawaii, Nevada, Washington or sanctioned countries.
KYCFully verified Deriv account requiredNot confirmedVerification before rewards are paid
Prize withdrawalCash credited to your Deriv accountDescribed by XM as withdrawable cashPaid after verification, usually within 72 hours
OperatorDeriv (broker)XM (broker)LN17 ShapeFuture Limited
Based inVaries by Deriv entityVaries by XM entityHong Kong
Not confirmed
  • Prize amounts change with each contest.
  • Full contest terms, markets and country eligibility not confirmed.
  • Rewards are discretionary under the terms and can be withheld, reduced or cancelled.
  • No independent record of reward withdrawals found.
SourcesDeriv trading competitions and FAQ. Checked 10 Oct 2026.XM Competitions page. Checked 10 Oct 2026.Terms and Conditions (updated 20 May 2026). Checked 10 Oct 2026.
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