Compare trading competitions

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DetailXM CompetitionsThe5ers Trading CompetitionThe Thunder Trader
EntryFree entry, Paid entryFree entryPaid entry
Entry costDemo Weekly is free. The Daily Arena costs $5.Free$150, $250, $500 or $1,000 per event
AccountSimulatedSimulatedSimulated
Account detailsVirtual funds in both contestsForex demo accountDemo account. Fighter ($150) and Gladiator ($250) get $100,000, Titan ($500) $250,000 and Legend ($1,000) $300,000 in demo capital.
MarketsNot confirmedForexForex, Crypto
Prize typeCashCash, Prop account, Platform credits, Trophies or merchCash
Operator’s cutNot statedNone (free entry)20% of entry fees
Who gets paid100 winners weekly, 10 winners dailyTop 100 each weekTop 3% to 35% of entrants, depending on event size
How winners are rankedLeaderboard position at the end of the contestLeaderboard position. Recent contests ran for 6 days.Net P&L at the end of the event
Drawdown rulesNot confirmedNot confirmedNo daily or total drawdown limit
Trading rulesNot confirmed.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 enterNot confirmed. Which XM entity serves you depends on your country.Not confirmed.Not open to residents of Hong Kong, Hawaii, Nevada, Washington or sanctioned countries.
KYCNot confirmedNot confirmedVerification before rewards are paid
Prize withdrawalDescribed by XM as withdrawable cashNot confirmedPaid after verification, usually within 72 hours
OperatorXM (broker)The5ers (prop firm)LN17 ShapeFuture Limited
Based inVaries by XM entityNot confirmedHong Kong
Not confirmed
  • Full contest terms, markets and country eligibility not confirmed.
  • Prize split per position and full contest rules not confirmed.
  • Rewards are discretionary under the terms and can be withheld, reduced or cancelled.
  • No independent record of reward withdrawals found.
SourcesXM Competitions page. Checked 10 Oct 2026.The5ers trading competition page. Checked 10 Oct 2026.Terms and Conditions (updated 20 May 2026). Checked 10 Oct 2026.
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