Compare trading competitions

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DetailTralentXM CompetitionsThe Thunder Trader
EntryPaid entryFree entry, Paid entryPaid entry
Entry cost$20 to $500, depending on market and tournament lengthDemo Weekly is free. The Daily Arena costs $5.$150, $250, $500 or $1,000 per event
AccountSimulatedSimulatedSimulated
Account detailsSimulated trading. Tournaments last 1 hour, 4 hours, 1 day or 1 week.Virtual funds in both contestsDemo account. Fighter ($150) and Gladiator ($250) get $100,000, Titan ($500) $250,000 and Legend ($1,000) $300,000 in demo capital.
MarketsForex, US stocksNot confirmedForex, Crypto
Prize typeCashCashCash
Operator’s cut17% or 20% of entry fees (Tralent’s pages conflict)Not stated20% of entry fees
Who gets paidTop 30% of entrants100 winners weekly, 10 winners dailyTop 3% to 35% of entrants, depending on event size
How winners are rankedPercentage P&L, with the same position size allowance for every entrantLeaderboard position at the end of the contestNet P&L at the end of the event
Drawdown rulesNot statedNot confirmedNo daily or total drawdown limit
Trading rulesSame position size allowance for every entrant. Free practice tournaments pay no money.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 enterMust 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.Not open to residents of Hong Kong, Hawaii, Nevada, Washington or sanctioned countries.
KYCVeriff identity check before withdrawalNot confirmedVerification before rewards are paid
Prize withdrawalBank wire (minimum $50) or USDT (5 USDT fee), up to 5 business daysDescribed by XM as withdrawable cashPaid after verification, usually within 72 hours
OperatorTralent Online Gaming Services Co. LLCXM (broker)LN17 ShapeFuture Limited
Based inDubai, UAEVaries by XM entityHong Kong
Not confirmed
  • Tralent’s own pages list two different fees, 17% and 20%. Confirm the current figure before you enter.
  • No independent record of withdrawals found.
  • Full contest terms, markets and country eligibility not confirmed.
  • Rewards are discretionary under the terms and can be withheld, reduced or cancelled.
  • No independent record of reward withdrawals found.
SourcesPlatform terms, Website terms, How it works. Checked 10 Oct 2026.XM Competitions page. Checked 10 Oct 2026.Terms and Conditions (updated 20 May 2026). Checked 10 Oct 2026.
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