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 |  XM Competitions |  TenX Circle |  Tradeiators |
|---|---|---|---|
| Entry | Free entry, Paid entry | Paid entry | Free entry, Paid entry |
| Entry cost | Demo Weekly is free. The Daily Arena costs $5. | $20, $100, $250 or $500 per attempt; one-time entry fee | 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. |
| Account | Simulated | Simulated | Simulated |
| Account details | Virtual funds in both contests | 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. | 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. |
| Markets | Not confirmed | Perpetuals, Forex, Commodities, Stocks, Equity indices | Crypto, Forex, Stocks, Commodities, Equity indices |
| Prize type | Cash | Cash | Cash |
| Operator’s cut | Not stated | Not a pooled-entry-fee prize model; rewards are paid from TenX own funds. | Not stated. Rules say entry fees do not give a proportional share of the reward pool unless a Battle's rules say so. |
| Who gets paid | 100 winners weekly, 10 winners daily | Each qualifying successful program earns its tier fixed reward; no top-percentile quota. | Eligible top 3 traders in each Battle, per the homepage. Rewards can be fixed, pooled or by rank, as shown before entry. |
| How rewards are earned | Leaderboard position at the end of the contest | Pass or fail against fixed rules: 7 qualifying days plus cumulative realised net P&L above $0, without a risk breach. | 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. |
| 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. | Set per Battle and shown before entry; not published on the public site. |
| 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. | 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. |
| Who can enter | Not confirmed. Which XM entity serves you depends on your country. | 18+. Restricted jurisdictions and sanctions rules apply, and US traders are not eligible. | 18+ with legal capacity. Not available in prohibited or restricted countries, but the public site does not list them. |
| KYC | Not confirmed | No KYC needed to purchase or trade, or internally claim a reward; completed KYC required before Main Wallet withdrawal. | Identity, age and payment-ownership checks can be requested before paid entry and must be passed before any reward is paid. |
| Prize withdrawal | Described by XM as withdrawable cash | Claim Balance to Main Wallet in USDT or USDC; internal claim has no blockchain network fee. | 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. |
| Operator | XM (broker) | TenX Capital Inc | PrimeEdge Global Ltd (technology: SAL Innovations Ltd) |
| Based in | Varies by XM entity | Republic of the Marshall Islands | Majuro, Marshall Islands (registered operator); offices listed in Dubai, Malta, Cyprus and Bulgaria |
| Sources | XM Competitions 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. | 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. |
| Visit | Visit XM | Visit TenX Circle | Visit Tradeiators |