Contests Frequently Asked Questions (F.A.Q)

Trading Contests allow traders to test their skills and compete with other participants to win prizes, risk free.

Contest accounts are fully funded by PrimeXBT, providing a risk-free environment for participants.

Who can participate in Contests?

Contests are open for anybody who wishes to participate. One has to register a free account on PrimeXBT to join a Contest.

Do I have to make a deposit to join a contest?

No, a deposit is not required to join a contest. Every participant gets a funded contest account from PrimeXBT to compete with other traders.

How do I join a contest?

To learn how to join an ongoing or upcoming contest, check out our Contests quick start guide.

Can I participate in several contests simultaneously?

Yes, participants can join numerous contests at the same time.

Is there a limit to the number of contests that I can participate in?

No. Currently there are no limits to the number of Contests that participants can join.

However, each Contest has its own limit on the number of participants. New participants will not be able to join a Contest once it's capped at its limit.

Is the Contests module featured in the IOS and Android applications of the platform?

No. At the moment the Contests module is not available in the mobile applications of the platform, and is available on the desktop and mobile web-based versions of the platform.

Can I use the MT4 or MT5 in the Contests module?

No. MT4 and MT5 integrations are not available on the platform at the moment.

I won a contest but did not receive my reward. When will I receive it?

Once the contest is finished and all contest results are finalised and concluded, the rewards are distributed within the next few days.

I won a contest and received a prize. Can I withdraw it?

All prizes are granted in the form of tradable bonuses and can be used as margin to open positions on real margin accounts. Prize funds cannot be withdrawn.

Can I submit my real Margin or Strategy account results for a contest?

No, only Contests accounts will be included in contest leaderboards.

What is the available leverage on Contests accounts?

Leverage is identical for both real and contest accounts. For detailed info regarding leverage and contract specifications please refer to the fees and conditions table.

What are trading fees on Contest accounts?

Trade and overnight financing fees on contest accounts are charged identically to real accounts.

I participated and demonstrated the best ROI%, but still didn’t receive a prize!

To qualify in the leaderboards and be eligible to claim a reward, participants must meet the qualification requirements for the competition. The most common requirements to qualify are a minimum number of trades and a minimum turnover.

Details of a contest, including qualification requirements are reflected on its main information page.

I had open positions when a contest ended. Will they count towards my total profit %?

When positions remain open at the time of completion of a contest their Unrealized P/L will be included in the final total profit calculations.

What are a qualifying Turnover and the Number of trades in a contest?

Opening a position increases the participant's Turnover indicator by the position's amount, and increases the Number of trades indicator by 1.

Please note that closing positions does not affect the Number of trades.

Can I leave a contest I already joined, and start with a fresh contest account and balance?

No. Once a contest has been joined it is not possible to leave that contest and rejoin it or reset trading account balance for that contest.

Can I use a high frequency trading software or a trading robot to trade in a contest?

No. Using a high frequency trading software or a trading robot is prohibited by PrimeXBT T&C. If a participant is identified to be using such software for trading in a contest, they will be disqualified.