Our free monthly trading competitions allow traders to:
Compete against other traders in a free competition to win discounts and free accounts.
Try our platform before proceeding to a funding evaluation.
We have implemented the rules below to keep a level playing field. These restrictions do NOT apply to Alpha Pro funding plans, ONLY to the free monthly trading competition.
Rule 1: No EA use
Rule 2: Lot size limit per trade
10 lots FX / XAUUSD / XAGUSD
30 lots max Oil / CFDs / Indices
To clarify: the maximum permissible exposure for FX and Metals is capped at 50 lots, which equates to holding 5 positions of 10 lots each, whether on the same asset or across different assets simultaneously.
Similarly, the maximum exposure allowable for Oil/CFDs/Indices is 150 lots. This equates to holding 5 positions of 30 lots each, either on a single asset or across multiple assets simultaneously.
Rule 3: Max number of open consecutive trades at any one time: 5
Rule 4: Max Daily Drawdown: 5%
Rule 5: Max Total Drawdown: 10%
Rule 6: No taking advantage of unrealistic fills in the demo environment
Rule 7: Weekend holds and news trading are allowed (same as our Swing plan).
Rule 8: Free entry (1 entry per person)*
Rule 9: The highest $ gain wins.
*If a user is found to be using multiple emails and accounts to circumvent this rule, it will result in a permanent ban.