By participating in Contests, you can trade for free, compete with other users and win real prizes for your live trading accounts.
We strive to provide fair and equal conditions for all participants. To ensure this, we've created a set of universal rules.
Participation
Every contest has a limit on the number of participants. Once the limit is reached, new participants can't join. Current limits are:
Max. 2,000 participants in a Weekly contest
Max. 5,000 participants in the Grand Competition
Upon joining the contest, each participant receives a new pre-funded trading account. All participants of the same contest receive an equal starting balance.
Once you've joined the selected contest, you cannot leave or rejoin it to reset or replenish this balance.
The leaderboard of the contest you've joined will include trading accounts of that specific contest only.
Trading conditions
Leverage, margin requirements and fees are identical to live trading accounts.
Click on 'Fees and Conditions' from the Account dropdown menu to review contract specifications for each asset.
Qualification
To become eligible to claim a prize for winning in a contest - placing 1st, 2nd or 3rd, you must meet qualification requirements of the contest you've joined.
Most common requirements are: min. Number of trades and min. Turnover. However, make sure to always check the requirements, as they may be different for different contests.
When opening a position, the Number of trades increases by 1, and Turnover - by the amount of the position. Closure of the same position will only increase your Turnover.
If your positions are open when the contest ends, the Unrealised P/L from these positions will be included in your final total profit.
All qualification requirements of the contest must be met to be eligible to claim the prize. If you've placed 1st, 2nd or 3rd but didn't meet the requirements, a prize cannot be provided.
On rare occasions, we may request a contest winner or a participant to verify the account to receive the prize or join a contest.
You can click the 'View' button for each contest on the 'All Contests' page to review the full list of qualification requirements. Or simply choose one of the contests you've joined from the 'My Contests' page.
Prizes
Each contest has a prize pool that is distributed among the winners, according to the prize table of that contest. Prizes are awarded only to qualified participants based on their final ranking after the contest ends.
Prizes for winning the contest are issued as promo codes by email within 1-2 business days.
You can activate promo codes on your live trading accounts to receive tradeable bonuses and open positions.
Prize funds cannot be withdrawn, however you can withdraw any profits made with these bonuses.
If you haven't received your prize after distribution, don't hesitate to email us at [email protected] for assistance or additional information.
Contest rules and conditions are subject to change. PrimeXBT may deny entry into a contest to any participant. PrimeXBT reserves the right to deny an award to any participant for abusing Contests or for any other reason at its sole discretion.