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 |  The5ers Trading Competition |  TenX Circle |  XM Competitions |
|---|---|---|---|
| Entry | Free entry | Paid entry | Free entry, Paid entry |
| Entry cost | Free | $20, $100, $250 or $500 per attempt; one-time entry fee | Demo Weekly is free. The Daily Arena costs $5. |
| Account | Simulated | Simulated | Simulated |
| Account details | Forex demo account | 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. | Virtual funds in both contests |
| Markets | Forex | Perpetuals, Forex, Commodities, Stocks, Equity indices | Not confirmed |
| Prize type | Cash, Prop account, Platform credits, Trophies or merch | Cash | Cash |
| Operator’s cut | None (free entry) | Not a pooled-entry-fee prize model; rewards are paid from TenX own funds. | Not stated |
| Who gets paid | Top 100 each week | Each qualifying successful program earns its tier fixed reward; no top-percentile quota. | 100 winners weekly, 10 winners daily |
| How rewards are earned | Leaderboard position. Recent contests ran for 6 days. | 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 |
| Drawdown rules | Not confirmed | 6% static drawdown of initial capital, measured on Equity including unrealised P&L. The attempt fails as soon as Equity touches 94% of initial capital. | Not confirmed |
| Trading rules | Not confirmed. | 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. |
| Who can enter | Not confirmed. | 18+. Restricted jurisdictions and sanctions rules apply, and US traders are not eligible. | Not confirmed. Which XM entity serves you depends on your country. |
| KYC | Not confirmed | No KYC needed to purchase or trade, or internally claim a reward; completed KYC required before Main Wallet withdrawal. | Not confirmed |
| Prize withdrawal | Not confirmed | Claim Balance to Main Wallet in USDT or USDC; internal claim has no blockchain network fee. | Described by XM as withdrawable cash |
| Operator | The5ers (prop firm) | TenX Capital Inc | XM (broker) |
| Based in | Not confirmed | Republic of the Marshall Islands | Varies by XM entity |
| Sources | The5ers trading competition page. Checked 10 Oct 2026. | 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. |
| Visit | Visit The5ers | Visit TenX Circle | Visit XM |