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 |  Tralent |  Tradeiators |  XM Competitions |
|---|---|---|---|
| Entry | Paid entry | Free entry, Paid entry | Free entry, Paid entry |
| Entry cost | $20 to $500, depending on market and tournament length | Paid Battles listed on 7 November 2026 cost $30 or $50. The FAQ says some Battles and Missions are free to enter. Funded account challenges are a separate product with their own fees. | Demo Weekly is free. The Daily Arena costs $5. |
| Account | Simulated | Simulated | Simulated |
| Account details | Simulated trading. Tournaments last 1 hour, 4 hours, 1 day or 1 week. | Battles give every entrant the same virtual starting balance for a fixed period. Battles listed on 7 November 2026: Live Trading Competition With Account Manager ($50 entry, 3 days, reward up to $2,050), South Africa Battle With AI Coach ($30, 7 days, up to $5,000) and Crypto Masters ($50, about 14 days, up to $6,250). Charts by TradingView. Tradeiators also sells 1-step, 2-step and instant funded account challenges up to $200,000. | Virtual funds in both contests |
| Markets | Forex, US stocks | Crypto, Forex, Stocks, Commodities, Equity indices | Not confirmed |
| Prize type | Cash | Cash | Cash |
| Operator’s cut | 17% or 20% of entry fees (Tralent’s pages conflict) | Not stated. Rules say entry fees do not give a proportional share of the reward pool unless a Battle's rules say so. | Not stated |
| Who gets paid | Top 30% of entrants | Eligible top 3 traders in each Battle, per the homepage. Rewards can be fixed, pooled or by rank, as shown before entry. | 100 winners weekly, 10 winners daily |
| How rewards are earned | Percentage P&L, with the same position size allowance for every entrant | Leaderboard on simulated performance. The scoring method is disclosed per Battle and can use P&L, percentage return, drawdown, risk-adjusted performance or other stated criteria. Results are provisional until integrity checks finish. | Leaderboard position at the end of the contest |
| Drawdown rules | Not stated | Set per Battle and shown before entry; not published on the public site. | Not confirmed |
| Trading rules | Same position size allowance for every entrant. Free practice tournaments pay no money. | Simulated execution may include spreads, slippage, swaps, fees and leverage. Disqualification for cheating, multi-accounting, account sharing, prohibited automation, collusion, payment fraud, exploit abuse or access from a prohibited country. Ties go to higher return, lower drawdown or earlier achievement unless stated otherwise. Entry fees are generally non-refundable once a Battle starts. | Not confirmed. |
| Who can enter | Must be 18+. Not open to residents of FATF-listed countries, Iran, North Korea, Cuba, Sudan, Syria or Venezuela. | 18+ with legal capacity. Not available in prohibited or restricted countries, but the public site does not list them. | Not confirmed. Which XM entity serves you depends on your country. |
| KYC | Veriff identity check before withdrawal | Identity, age and payment-ownership checks can be requested before paid entry and must be passed before any reward is paid. | Not confirmed |
| Prize withdrawal | Bank wire (minimum $50) or USDT (5 USDT fee), up to 5 business days | Verified rewards are paid within the timeframe shown on the platform, or a reasonable period if none is shown. Payment methods are not listed publicly; the policy mentions bank, card, wallet and crypto settlement. Some payments go through Finvera LTD, a payment agent in Limassol, Cyprus. | Described by XM as withdrawable cash |
| Operator | Tralent Online Gaming Services Co. LLC | PrimeEdge Global Ltd (technology: SAL Innovations Ltd) | XM (broker) |
| Based in | Dubai, UAE | Majuro, Marshall Islands (registered operator); offices listed in Dubai, Malta, Cyprus and Bulgaria | Varies by XM entity |
| Sources | Platform terms, Website terms, How it works. Checked 10 Oct 2026. | Homepage: live Battles, entry fees, rewards, FAQ and operator disclosure (7 November 2026), Battle, Mission and Competition Rules (effective 5 October 2026), Terms and Conditions: eligibility, KYC, real rewards and refunds, Payments, Rewards, Payouts and Refund Policy, About us: founded 2024. Checked 7 Nov 2026. | XM Competitions page. Checked 10 Oct 2026. |
| Visit | Visit Tralent | Visit Tradeiators | Visit XM |