Compare trading competitions

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DetailXM CompetitionsTralentThe Thunder Trader
EntryFree entry, Paid entryPaid entryPaid entry
Entry costDemo Weekly is free. The Daily Arena costs $5.$20 to $500, depending on market and tournament length$150, $250, $500 or $1,000 per event
AccountSimulatedSimulatedSimulated
Account detailsVirtual funds in both contestsSimulated trading. Tournaments last 1 hour, 4 hours, 1 day or 1 week.Demo account. Fighter ($150) and Gladiator ($250) get $100,000, Titan ($500) $250,000 and Legend ($1,000) $300,000 in demo capital.
MarketsNot confirmedForex, US stocksForex, Crypto
Prize typeCashCashCash
Operator’s cutNot stated17% or 20% of entry fees (Tralent’s pages conflict)20% of entry fees
Who gets paid100 winners weekly, 10 winners dailyTop 30% of entrantsTop 3% to 35% of entrants, depending on event size
How winners are rankedLeaderboard position at the end of the contestPercentage P&L, with the same position size allowance for every entrantNet P&L at the end of the event
Drawdown rulesNot confirmedNot statedNo daily or total drawdown limit
Trading rulesNot confirmed.Same position size allowance for every entrant. Free practice tournaments pay no money.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.Must be 18+. Not open to residents of FATF-listed countries, Iran, North Korea, Cuba, Sudan, Syria or Venezuela.Not open to residents of Hong Kong, Hawaii, Nevada, Washington or sanctioned countries.
KYCNot confirmedVeriff identity check before withdrawalVerification before rewards are paid
Prize withdrawalDescribed by XM as withdrawable cashBank wire (minimum $50) or USDT (5 USDT fee), up to 5 business daysPaid after verification, usually within 72 hours
OperatorXM (broker)Tralent Online Gaming Services Co. LLCLN17 ShapeFuture Limited
Based inVaries by XM entityDubai, UAEHong Kong
Not confirmed
  • Full contest terms, markets and country eligibility 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.
  • 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.Platform terms, Website terms, How it works. Checked 10 Oct 2026.Terms and Conditions (updated 20 May 2026). Checked 10 Oct 2026.
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