Our Free monthly Trading competitions are to allow traders to
1) compete against other traders in a free competition to win discounts, free accounts.
2) Try our platform before proceeding to a funding evaluation.
We have implemented the below rules to keep a level playing field, these restrictions do NOT apply to Alpha Pro funding plans, ONLY 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 provide clarification:
The maximum permissible exposure for FX & Metals is capped at 50 lots, which equates to the ability to maintain 5 positions with 10 lots each, whether on the same asset or across different assets simultaneously.
Again, the maximum exposure allowable for Oil/CFDs/Indices stands at 150 lots. This translates to the capacity to uphold 5 positions, each comprising 30 lots, either on a singular asset or spanning multiple assets concurrently.
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 hold and news trading are allowed (same as our SWING plan)
Rule 8: Free entry (1 entry per person)
Rule 9: Max $$$ gain wins