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 |  The Thunder Trader |  TenX Circle |
|---|---|---|---|
| Entry | Free entry, Paid entry | Paid entry | Paid entry |
| Entry cost | Demo Weekly is free. The Daily Arena costs $5. | $150, $250, $500 or $1,000 per event | $20, $100, $250 or $500 per attempt; one-time entry fee |
| Account | Simulated | Simulated | Simulated |
| Account details | Virtual funds in both contests | Demo account. Fighter ($150) and Gladiator ($250) get $100,000, Titan ($500) $250,000 and Legend ($1,000) $300,000 in demo capital. | 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. |
| Markets | Not confirmed | Forex, Crypto | Perpetuals, Forex, Commodities, Stocks, Equity indices |
| Prize type | Cash | Cash | Cash |
| Operator’s cut | Not stated | 20% of entry fees | Not a pooled-entry-fee prize model; rewards are paid from TenX own funds. |
| Who gets paid | 100 winners weekly, 10 winners daily | Top 3% to 35% of entrants, depending on event size | Each qualifying successful program earns its tier fixed reward; no top-percentile quota. |
| How rewards are earned | Leaderboard position at the end of the contest | Net P&L at the end of the event | Pass or fail against fixed rules: 7 qualifying days plus cumulative realised net P&L above $0, without a risk breach. |
| Drawdown rules | Not confirmed | No daily or total drawdown limit | 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. |
| Trading rules | 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. | 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. |
| Who can enter | Not confirmed. Which XM entity serves you depends on your country. | Not open to residents of Hong Kong, Hawaii, Nevada, Washington or sanctioned countries. | 18+. Restricted jurisdictions and sanctions rules apply, and US traders are not eligible. |
| KYC | Not confirmed | Verification before rewards are paid | No KYC needed to purchase or trade, or internally claim a reward; completed KYC required before Main Wallet withdrawal. |
| Prize withdrawal | Described by XM as withdrawable cash | Paid after verification, usually within 72 hours | Claim Balance to Main Wallet in USDT or USDC; internal claim has no blockchain network fee. |
| Operator | XM (broker) | LN17 ShapeFuture Limited | TenX Capital Inc |
| Based in | Varies by XM entity | Hong Kong | Republic of the Marshall Islands |
| Sources | XM Competitions page. Checked 10 Oct 2026. | Terms and Conditions (updated 20 May 2026). 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. |
| Visit | Visit XM | Visit Thunder Trader | Visit TenX Circle |