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 |  Tralent |  XM Competitions |
|---|---|---|---|
| Entry | Paid entry | Paid entry | Free entry, Paid entry |
| Entry cost | $20, $100, $250 or $500 per attempt; one-time entry fee | $20 to $500, depending on market and tournament length | 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| Account details | Simulated capital has no monetary value and cannot be withdrawn.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. | Simulated trading. Tournaments last 1 hour, 4 hours, 1 day or 1 week. | Virtual funds in both contests |
| Markets | Perpetuals, Forex, Commodities, Stocks, Equity indices | Forex, US stocks | Not confirmed |
| Prize type | Cash | Cash | Cash |
| Operator’s cut | Not a pooled-entry-fee prize model; rewards are paid from TenX own funds. | 17% or 20% of entry fees (Tralent’s pages conflict) | Not stated |
| Who gets paid | Each qualifying successful program earns its tier fixed reward; no top-percentile quota. | Top 30% of entrants | 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. | Percentage P&L, with the same position size allowance for every entrant | 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 stated | 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. | Same position size allowance for every entrant. Free practice tournaments pay no money. | 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. | Must be 18+. Not open to residents of FATF-listed countries, Iran, North Korea, Cuba, Sudan, Syria or Venezuela. | 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. | Veriff identity check before withdrawal | 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. | Bank wire (minimum $50) or USDT (5 USDT fee), up to 5 business days | Described by XM as withdrawable cash |
| Operator | TenX Capital Inc | Tralent Online Gaming Services Co. LLC | XM (broker) |
| Based in | Republic of the Marshall Islands | Dubai, UAE | 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. | Platform terms, Website terms, How it works. Checked 10 Oct 2026. | XM Competitions page. Checked 10 Oct 2026. |
| Visit | Visit TenX Circle | Visit Tralent | Visit XM |