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 |  XM Competitions |  The Thunder Trader |
|---|---|---|---|
| Entry | Paid entry | Free entry, Paid entry | Paid entry |
| Entry cost | $20, $100, $250 or $500 per attempt; one-time entry fee | Demo Weekly is free. The Daily Arena costs $5. | $150, $250, $500 or $1,000 per event |
| 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| Account details | Simulated capital has no monetary value and cannot be withdrawn.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. | Virtual funds in both contests | Demo account. Fighter ($150) and Gladiator ($250) get $100,000, Titan ($500) $250,000 and Legend ($1,000) $300,000 in demo capital. |
| Markets | Perpetuals, Forex, Commodities, Stocks, Equity indices | Not confirmed | Forex, Crypto |
| Prize type | Cash | Cash | Cash |
| Operator’s cut | Not a pooled-entry-fee prize model; rewards are paid from TenX own funds. | Not stated | 20% of entry fees |
| Who gets paid | Each qualifying successful program earns its tier fixed reward; no top-percentile quota. | 100 winners weekly, 10 winners daily | Top 3% to 35% of entrants, depending on event size |
| 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 at the end of the contest | Net P&L at the end of the event |
| 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 | No daily or total drawdown limit |
| 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. | 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 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. Which XM entity serves you depends on your country. | Not open to residents of Hong Kong, Hawaii, Nevada, Washington or sanctioned countries. |
| 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 | Verification before rewards are paid |
| 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. | Described by XM as withdrawable cash | Paid after verification, usually within 72 hours |
| Operator | TenX Capital Inc | XM (broker) | LN17 ShapeFuture Limited |
| Based in | Republic of the Marshall Islands | Varies by XM entity | Hong Kong |
| 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. | XM Competitions page. Checked 10 Oct 2026. | Terms and Conditions (updated 20 May 2026). Checked 10 Oct 2026. |
| Visit | Visit TenX Circle | Visit XM | Visit Thunder Trader |