Compare trading competitions
Pick two or three competitions to see their terms side by side. Rows where every platform says the same thing are dimmed so the differences stand out.
| Detail |  TenX Circle |  The5ers Trading Competition |  XM Competitions |
|---|---|---|---|
| Entry | Paid entry | Free entry | Free entry, Paid entry |
| Entry cost | $20, $100, $250 or $500 per attempt; one-time entry fee | Free | Demo Weekly is free. The Daily Arena costs $5. |
| Account | Simulated | Simulated | Simulated |
| Account details | Simulated capital has no monetary value and cannot be withdrawn. Bronze: $5,000 capital / $20 fee / $200 reward; Silver: $10,000 / $100 / $1,000; Gold: $25,000 / $250 / $2,500; Platinum: $50,000 / $500 / $5,000. TradingView charting with Ouinex-branded infrastructure; not MT4 or MT5. No real market execution of program trades. | Forex demo account | Virtual funds in both contests |
| Markets | Perpetuals, Forex, Commodities, Stocks, Equity indices | Forex | Not confirmed |
| Prize type | Cash | Cash, Prop account, Platform credits, Trophies or merch | Cash |
| Operator’s cut | Not a pooled-entry-fee prize model; rewards are paid from TenX own funds. | None (free entry) | Not stated |
| Who gets paid | Each qualifying successful program earns its tier fixed reward; no top-percentile quota. | Top 100 each week | 100 winners weekly, 10 winners daily |
| How rewards are earned | Pass or fail against fixed rules: 7 qualifying days plus cumulative realised net P&L above $0, without a risk breach. | Leaderboard position. Recent contests ran for 6 days. | Leaderboard position at the end of the contest |
| Drawdown rules | 6% static drawdown of initial capital, measured on Equity including unrealised P&L. Immediate failure when Equity touches the floor (94% of initial capital); floor never trails upward. | Not confirmed | Not confirmed |
| Trading rules | 30 calendar days from purchase, including weekends. Each qualifying day runs on Paris time and needs closed realised P&L of at least 2.5% of that day opening balance, not initial capital. Maximum gross exposure: 500% of current Equity across all open positions. One active program per tier. After pass, failure or expiry, same-tier cooldown ends at the original 30-day window end. Copy trading, coordinated hedging, martingale/grid abuse and unauthorised bots are prohibited. | Not confirmed. | Not confirmed. |
| Who can enter | 18+. Restricted jurisdictions and sanctions rules apply, and US traders are not eligible. Check eligibility for your location and citizenship before paying. | Not confirmed. | Not confirmed. Which XM entity serves you depends on your country. |
| KYC | No KYC needed to purchase or trade, or internally claim a reward; completed KYC required before Main Wallet withdrawal. AML and sanctions checks can delay or restrict payments. | Not confirmed | Not confirmed |
| Prize withdrawal | Claim Balance to Main Wallet in USDT or USDC; internal claim has no blockchain network fee. External withdrawal fees, supported networks and processing time are not confirmed. KYC required before withdrawal. | Not confirmed | Described by XM as withdrawable cash |
| Operator | TenX Capital Inc | The5ers (prop firm) | XM (broker) |
| Based in | Republic of the Marshall Islands | Not confirmed | Varies by XM entity |
| Sources | Program tiers, markets and charting (23 October 2026), Terms: simulated capital, rewards, trading rules, refunds and eligibility (23 October 2026), Official FAQ. Checked 23 Oct 2026. | The5ers trading competition page. Checked 10 Oct 2026. | XM Competitions page. Checked 10 Oct 2026. |
| Visit | Visit TenX Circle | Visit The5ers | Visit XM |