Free entryPaid entrySimulated

XM Competitions

A broker running contests alongside its main business. Demo Weekly is free; the Daily Arena is a small paid contest.

Facts below come from XM's own pages, checked 10 Oct 2026. We have not scored this platform, and a listing here does not mean it pays out reliably.

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Key terms

Entry
Free entry, Paid entry
Entry cost
Demo Weekly is free. The Daily Arena costs $5.
Account
Simulated
Account details
Virtual funds in both contests
Markets
Not confirmed
Prize type
Cash
Operator’s cut
Not stated
Who gets paid
100 winners weekly, 10 winners daily
How winners are ranked
Leaderboard position at the end of the contest
Drawdown rules
Not confirmed
Trading rules
Not confirmed.
Who can enter
Not confirmed. Which XM entity serves you depends on your country.
KYC
Not confirmed
Prize withdrawal
Described by XM as withdrawable cash
Operator
XM (broker)
Based in
Varies by XM entity

How prizes are paid

XM describes the prizes as withdrawable cash. Demo Weekly has a $25,000 pool split between 100 winners. The Daily Arena pays 10 winners from a pool of at least $1,000, growing to $5,000.

What we could not confirm

  • Full contest terms, markets and country eligibility not confirmed.

Sources

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