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What are the rules for The Funded Trader Competitions?
What are the rules for The Funded Trader Competitions?

Learn the rules you need to follow to avoid being disqualified from competitions

Updated this week

Please Note: We will not be organizing Competitions in the month of March, 2024.

Rules for The Funded Trader Competition

Our competitions at The Funded Trader are open to anyone who wishes to participate. The following rules apply to each competition. Breaching any of these rules will immediately disqualify competition participants.

Eligibility

  • To participate in our competitions, participants must be at least 18 years old. No individuals under the age of 18 are eligible to become our clients. All participants are required to acknowledge and accept this requirement.

Prizing

  • Prizes for winning participants will be distributed within 10 days of the competition's end.

Schedule

  • The competition will begin at its scheduled starting time and will end at its announced finish time. Any entrant submitting an entry past the finish time will be disqualified.

  • February Competition will end at 11:59pm EST on February 29th. Please make sure to close all positions before this time.

Participation

  • All competition entrants must create a valid The Funded Trader account and agree to The Funded Trader Terms of Service. Entrants must adhere to the rules and regulations of the competition.

  • You may only have one registered account through one email address and one IP address; if you register multiple accounts you will be immediately disqualified

Breaches of rules

  • Any and all breaches of competition rules will result in immediate disqualification from any and all competitions. This disqualification is at the sole discretion of The Funded Trader.

Modifications of rules

  • The Funded Trader reserves the right to modify these rules at any time. It is the responsibility of each entrant to check this page for rule modifications

Expert Advisor (EA) and Trade Copier Rules

  • Usage of EAs and trade copiers are not allowed in the competitions.

Simulated Trading News

  • Simulated Trading news is permitted in The Funded Trader competitions. You are strongly advised to use adequate risk management and be aware of issues such as like slippage that can occur at high volatility news drivers.

Simulated Drawdown Rules

  • The simulated daily drawdown for the competition is calculated based on the demo balance or simulated equity, whichever is greater when the day changes at 5.00 pm est. The simulated daily drawdown amount is always fixed at 5% of the initial balance.

  • For the $100k account, the simulated daily drawdown will always be $5k minus the demo balance or simulated equity (whichever is higher when the day resets at 5:00 pm EST or 00:00 GMT+3). The simulated max daily drawdown resets every day at 5:00 PM EST. To ensure smooth functionality, we advise our simulated traders to not execute trades in between the window of 4:57 PM - 5:03 PM EST when the drawdown is being reset. Once your last simulated balance/equity (whichever is higher) is pulled for the trading day your dashboard will update with your new simulated Daily Breach Level. This is the amount your account simulated equity must stay above in order to not be breached.

  • Simulated 10% Max Total Drawdown

Broker and Lot size rules

As competitions run on ThinkMarkets - please make note of the following symbol information:
​1. For FX pairs, Indices and Commodities (Gold & Silver)

  • Tradeable pairs will have the "x" suffix (Example: EURUSDx, NAS100x, XAUUSDx,).

  • 5 lots Max for Forex Pairs

  • 3 lots Max for Indices and Commodities

2. For Oil, and Crypto

  • Tradeable pairs will NOT have a suffix (Example: BTCUSD).

  • 3 lots Max for Crypto & Oil

  • Leverage is the same as our Standard Regular Simulated Funded accounts

  • 5 Simulated Minimum Trading Days

  • You are able to hold trades overnight and over the weekend

  • No taking advantage of unrealistic fills in the demo environment

  • Due to technical limitations with ThinkMarkets, the lot size rule will now be capped at 3/5 lots per side. What does this mean? This means that the net lot size position will be capped at 3 lots (indices/commodities/crypto) and 5 lots (for FX) per order side (buy or sell), as hedging is allowed. Traders can basically open a 3/5 lot SELL and a 3/5 lot BUY on the same pair, and still be within the lot size rule. Here's a breakdown example below:

Note: Starting from Wednesday, February 28th, 2024, US customers will not be able to participate in the competitions because the ThinkMarkets platform is not eligible for US clients

  • Example 1:

    • 5 lots GBPUSD BUY

    • 5 lots GBPUSD SELL

    • 3 lots US30

    • 3 lots NAS100

    • 1 lots GOLD

      Total Positions: 5

  • Example 2:

    • 5 lots EURJPY
      5 lots GBPJPY
      5 lots AUDJPY
      5 lots CADJPY
      5 lots CHFJPY

      Total Positions: 5

    Even if you decided to open 0.01 lots, you would still be limited to 5 positions across the entire account.

  • Example 3:

    • 0.01 lots GBPUSD
      0.01 lots GBPAUD
      0.01 lots GBPNZD
      0.01 lots NZDCAD
      0.01 lots GOLD

      Total Positions: 5

  • Example 4:

    • 5 lots GBPUSD SELL

    • 5 lots GBPUSD SELL (Broker will deny this trade, as it puts the net position on GBPUSD at 10 lots)

    • 3 lots US30

    • 3 lots NAS100

    • 1 lots GOLD

There are no soft breach rules. The lot sizes are restricted at the broker level, meaning you will not be able to open any positions or lot sizes that exceed the limitations.

Becoming Disqualified

  • Upon registering for a Competition, it is mandatory for all customers to sign into their Competition accounts at least once every 14 days.

  • If your account is not active for more than 14 days, it will become expired and be disqualified from the competition. If this occurs, you will not be able to participate in the current competition but you are welcome to join the following month's competition.

  • If you see "DQ" on your dashboard, your account has breached one or more of the competition rules and therefore is not permitted to compete. Please do not contact Support as they will not be able to reverse the breach. You are, however, welcome to register for next month's competition.

Please note that all trades must be closed prior to the competition's end in order to be eligible for the respective prizes.

If you have additional questions, our dedicated support team is readily available to assist you. You can reach out through our live chat for immediate assistance, or you may choose to email your inquiry to [email protected]. We're here to help!

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