Best Brokers With Trading Tournaments 2026
Jump into our selection of the best brokers with trading tournaments, providing opportunities to test your skills against other traders and even win cash prizes.
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The XM competitions cater to all skill levels, with paid-entry challenges and reactive re-entry. Prize pools often exceed $100,000, and winners are listed on a live leaderboard, making the race transparent and engaging.
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Our review of Ultima Markets’ trading contests found the format impressive and risk-free. You start with virtual funds (~$10K) and compete for top ROI standings, with winners in different tiers (Rookie → Star). The leaderboard updates daily, and prizes range from hundreds to thousands. Clear rules and tier advancement make the competition transparent and engaging.
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In the PrimeXBT tournaments, participants use virtual funds to compete for real USDT prizes. Weekly contests typically offer prize pools of up to 1,000 USDT with set trade and volume requirements. Transparency is ensured with live leaderboards and clearly listed rules under "General Trading Contests T&Cs."
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In our review of TMGM’s trading competitions, the entry conditions are clear: deposits start at ~$500, and a minimum number of trades is required. Prize pools have exceeded $500,000 in past rounds, with weekly awards and various performance tiers. Leaderboards update regularly, and the rules prohibit algorithmic hedging, ensuring fairness and competitiveness in the contests.
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5Established in 2005, FXOpen is a broker with multiple regulations, attracting over 1 million traders. It caters to active trading, offering access to over 700 markets and supports high-frequency trading, scalping, and algorithmic trading using expert advisors (EAs).
Best Brokers For Trading Tournaments Comparison
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $5 | 0.01 Lots | 1:10001:30 | ✓ | CySEC, DFSA, SCA, FSCA, FSA, FSC Belize, FSC Mauritius | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | MT4, MT5, TradingCentral | USD, EUR, GBP, JPY | Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | |
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✓ | ✓ | $50 | 0.01 Lots | 1:30 (EU), 1:2000 (ROW) | ✓ | FCA, CySEC, FSC, SVGFSA | CFDs, Forex, Stocks, Indices, Commodities | UM Social, UM App, MT4 | USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:1000 | ✓ | ✗ | CFDs, Cryptos, Forex, Indices, Commodities, Futures | Own | USD, EUR, GBP | ✓ | ✗ | ✗ | |
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✓ | ✓ | $100 | 0.01 Lots | 1:500 | ✓ | ASIC, FMA, VFSC | CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex | MT4, MT5, TradingView, TradingCentral | USD, EUR, GBP, CAD, AUD, NZD | ✓ | ✗ | ✗ | |
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✓ | ✓ | $100 | 0.01 Lots | 1:30 (EU, UK), 1:1000 (Global) | ✓ | FCA, CySEC, FC | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs | TickTrader, MT4, MT5, TradingView | USD, EUR, GBP, AUD, JPY, CHF, SGD, RUB | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Brokers With Trading Tournaments 2026 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers With Trading Tournaments 2026.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS, Android & Windows | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers With Trading Tournaments 2026 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $5 | 0.01 Lots | ✓ | ✓ | ||
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✓ | $50 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✓ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers With Trading Tournaments 2026 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✓ | ✗ | 1:10001:30 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:30 (EU), 1:2000 (ROW) | ✓ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | 1:1000 | ✓ | ✗ |
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✓ | ✓ | ✗ | ✗ | ✗ | 1:500 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✗ | ✗ | 1:30 (EU, UK), 1:1000 (Global) | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers With Trading Tournaments 2026.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers With Trading Tournaments 2026 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers With Trading Tournaments 2026.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $5 | 0.002 | 0.8 | Variable | |
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✗ | $0 | 0.1 | 0.3 | ✗ | |
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✗ | $0 | Variable | 0.1 | 0.05% BTC, 0.05% ETH | |
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✗ | ✗ | Variable | 0.3 | Variable | |
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✗ | $10 | 0.40 (Apple) | 0.2 | 9.0 (BTC) | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers With Trading Tournaments [year] are in terms of number of clients.
Why Trade With XM?
With a $5 minimum deposit, advanced charting on MT4 and MT5, a growing range of markets, and a Zero account with spreads from 0.0, XM offers what traders need. They have even won our 'Best MT4/MT5 Broker' award recently.
Pros
- XM offers reliable customer support tested over the years, providing 24/5 assistance in 25 languages, responses in under 2 minutes, and an expanding Telegram channel.
- XM has updated its platform with integrated TradingView charts and an XM AI assistant for faster execution, smarter analysis, and a more intuitive trading experience.
- XM excels in trader education by providing well-organized resources like webinars, tutorials, and live trading sessions via XM Live.
Cons
- XM only uses the MetaTrader platforms for desktop trading, offering no in-house downloadable or web-based solutions with unique features for beginners.
- XM is generally trusted and well-regulated but is registered with weak regulators such as FSC Belize. It no longer accepts UK clients, limiting its market reach.
- The XM app is user-friendly and offers unique copy trading products, but its technical analysis tools need enhancement for advanced traders.
Why Trade With Ultima Markets?
Ultima Markets is ideal for beginners interested in trading in well-known financial markets using the trustworthy MetaTrader 4 platform. The starting deposit is just $50, and there are no charges when you create and fund your account. Ultima Markets is also suitable for traders who are comfortable with high risk and are seeking high leverage up to 1:2000.
Pros
- Execution speeds averaging less than 20ms for traders.
- High leverage up to 1:2000 available
- Enjoy no-charge deposits and withdrawals in a variety of base currencies for trading.
Cons
- For optimal trading conditions, a minimum deposit of $20,000 is required.
- Limited regulation of offshore trading branches.
- The best brokers prioritize education.
Why Trade With PrimeXBT?
PrimeXBT is an ideal platform for new traders who are interested in trading cryptocurrencies, forex, and indices on a user-friendly, web-based interface. The 5-star rated platform also offers advanced features like copy trading, which is helpful for traders who prefer a more passive approach. Performance graphs are provided to aid in identifying the most suitable traders.
Pros
- The 0.01% maker and 0.02% taker fees for crypto futures contracts are very competitive in the trading industry.
- In 2025, PrimeXBT significantly expanded its Crypto Futures offerings with over 100 tokens, including AI, NFTs, Metaverse, and Layer 1 & 2.
- PrimeXBT now offers new tokens, such as 1Inch, Aave, and Injective, for trading and funding.
Cons
- Traders used to the popular forex trading software, MT4, may find it limiting due to the lack of integration with established platforms.
- Despite advancements, the choice of over 100 instruments significantly lags behind competitors, particularly OKX, which offers over 400 assets.
- PrimeXBT, popular in the crypto industry, is not endorsed by a credible regulator, increasing the risk for traders significantly.
Why Trade With TMGM?
TMGM is an excellent choice due to its wide variety of assets, various account options, multiple platform choices, and reasonable pricing. It's well-suited for trading and traders.
Pros
- Get a free VPS for automated trading.
- HUBx provides copy trading support for new traders and those with limited time.
- Wide variety of assets available, encompassing 10,000 international stocks. Suitable for all types of traders.
Cons
- A $30 monthly fee applies to trading accounts that are either inactive for over 6 months or contain less than $500.
- Shares can only be traded on the IRESS account and are not tradeable through MT4 and MT5.
Why Trade With FXOpen?
FXOpen is perfect for high-volume traders, providing quick execution with its ECN trading system, spreads starting from 0 pips, and reduced commissions as low as $1.50 per lot.
Pros
- FXOpen launched TradingView in 2022 and improved its TickTrader platform in 2024. It provides Level 2 pricing, over 1,200 trading tools, and advanced order types, serving experienced and high-frequency traders.
- FXOpen cut FX spreads by over 40% in 2022 and launched commission-free index trading in 2023, making it cost-effective for traders.
- FXOpen simplified its account offerings in 2024, offering user-friendly ECN accounts with raw spreads from 0.0 pips, fast execution speeds, and reduced commissions for high-volume traders.
Cons
- FXOpen has expanded its asset range, but it still offers fewer global stocks, commodities, and cryptocurrencies than BlackBull, limiting diverse trading opportunities.
- FXOpen remains a trusted broker authorized by the FCA and CySEC but lost its ASIC license in 2024 due to 'serious concerns.' It no longer accepts Australian traders.
- FXOpen offers limited educational resources, missing the courses and webinars available at brokers like IG, which diminishes its attractiveness to beginners looking to learn.
Filters
How We Chose the Best Brokers For Trading Tournaments
We ranked brokers based on their overall rating, calculated using 200+ metrics across key categories. This includes the availability of trading tournaments, alongside factors like platforms, fees, and user experience.
In addition to data analysis, our testing team conducted hands-on evaluations, assessing each broker’s trading tools to ensure an engaging experience for participants.
What to Look for in a Broker Offering Trading Contests
Trading tournaments are like the Olympics of the financial markets. They’re exciting, competitive, and a fantastic way to test your skills against other traders while potentially winning big prizes.
However, they’re only as good as the broker hosting them. Choosing the right provider can make or break your experience. You don’t want to be stuck with a platform that crashes mid-tournament or a broker with shady rules.
Here’s what to look for when picking a broker for trading contests:
Prizes and Rewards
- Why It Matters: Let’s be honest; prizes are a big part of the appeal. You want to make sure the rewards are worth your time and effort.
- What to Look For: Cash prizes, trading credits, gadgets, or even trophies. Some brokers also offer non-monetary rewards like mentorship programs or premium tools.
- Pro Tip: Compare the prize pools of different brokers to see which ones offer the best value.
For example, XM has the most frequent and well-organised trading tournaments we’ve seen. It hosts regular forex and CFD trading tournaments with cash prizes topping $100,000.
Transparent Rules
- Why It Matters: Unclear or unfair rules can lead to frustration and disputes.
- What to Look For: Brokers that clearly outline the contest rules, including eligibility, scoring criteria, and prize distribution.
- Pro Tip: Always read the fine print carefully before signing up.
For example, FxPro is a well-established broker that combines transparent trading tournaments with a strong focus on education. It offers cash rewards and access to funded accounts.
Reputation and Regulation
- Why It Matters: A broker’s reputation is your first line of defense against scams. Regulated brokers are held to strict standards, which means your money and personal information are safer.
- What to Look For: Check if the broker is regulated by reputable authorities like the CFTC (USA), FCA (UK), CySEC (Cyprus), or ASIC (Australia).
- Expert take: I avoid unregulated brokers, no matter how flashy their contests seem.
For example, FXOpen is regulated and runs forex tournaments offering rewards like trading credits and crystal trophies for top performers.
Platform Stability and Tools
- Why It Matters: A glitchy platform during a high-pressure tournament can ruin your chances of winning.
- What to Look For: A stable, user-friendly trading platform with advanced tools like real-time charts, technical indicators, and risk management features.
- Expert Take: If I can, I always test the platform with a demo account before joining a live contest.
For example, TMGM runs trading competitions on its industry-leading platforms, from MT4 and MT5 to the modern TradingView, which sports an intuitive interface that’s enjoyable to use.
Educational Resources
- Why It Matters: Trading tournaments are a great learning opportunity, especially if the broker provides educational materials.
- What to Look For: Webinars, tutorials, eBooks, or even one-on-one coaching sessions.
- Pro Tip: Choose a broker that helps you grow as a trader, not just compete.
For example, FXTM is a forex- and education-focused broker that offers regular trading contests with attractive prizes, cash rewards up to $5,000 and bonuses to boost your account.
Customer Support
- Why It Matters: If something goes wrong during a tournament, you’ll want quick and reliable support.
- What to Look For: 24/7 customer support via live chat, email, or phone.
- Pro Tip: Test the broker’s support team before joining a tournament to see how responsive they are.
For example, Admirals offers a mix of competitive contests and advanced trading tools, making it a favorite among intermediate and advanced traders. Access cash prizes up to $3,000 with a reliable customer service team.
Red Flags to Avoid in Trading Tournaments
Not all brokers are trustworthy, and some may even use trading contests as a marketing gimmick. Here’s what to watch out for:
- Hidden Fees
- Why It’s a Red Flag: Some brokers may charge hidden fees for participating in contests or withdrawing prizes.
- What to Do: Read the terms and conditions carefully to avoid surprises.
- Unrealistic Promises
- Why It’s a Red Flag: If a broker promises guaranteed wins or sky-high returns, it’s probably too good to be true.
- What to Do: Stick to brokers with realistic and transparent contest terms.
How to Trade in Broker Tournaments Like a Pro
Trading tournaments are thrilling, but they’re also a test of skill, strategy, and nerves. Whether you’re a beginner or an intermediate trader, the right approach can make all the difference between climbing the leaderboard and crashing out early.
Step 1: Understand the Rules and Format
Before you even place a trade, make sure you fully understand the tournament’s rules and format. Every contest is different, and knowing the specifics will help you tailor your strategy.
Key Questions to Ask:
- What’s the Goal? Is it to achieve the highest returns, the most trades, or something else?
- What’s the Time Frame? Is it a 24-hour sprint or a month-long marathon?
- Are There Restrictions? Some tournaments limit the instruments you can trade (e.g., only forex or only stocks).
- How Are Winners Determined? Is it purely based on profit, or are there other factors like risk management?
Step 2: Choose the Right Strategy
Your strategy will depend on the tournament’s format, your skill level, and your risk tolerance. Here are some common approaches:
High-Risk, High-Reward
- What It Is: Go for big wins by taking aggressive trades.
- Best For: Short-term tournaments where you need quick gains.
- Risks: High volatility can lead to big losses if trades go against you.
Steady and Consistent
- What It Is: Focus on smaller, more consistent wins over time.
- Best For: Longer tournaments where endurance matters.
- Risks: May not be enough to top the leaderboard in highly competitive contests.
Scalping
- What It Is: Make multiple small trades to capitalize on minor price movements.
- Best For: Contests that reward the number of trades or quick execution.
- Risks: Requires precision and can lead to overtrading.
Copy Trading (If Allowed)
- What It Is: Mimic the trades of top-performing traders.
- Best For: Beginners who want to learn while competing.
- Risks: You’re relying on someone else’s strategy, which may not always work.
- Expert take: Previously, I tested my strategy in a demo contest before using it in a live tournament.
Step 3: Manage Your Risk
Risk management is crucial. It’s easy to get caught up in the excitement and take unnecessary risks, but discipline is key to long-term success.
Risk Management Tips:
- Set a Daily Loss Limit: Decide how much you’re willing to lose in a day and stick to it.
- Use Stop-Loss Orders: Protect your trades from major losses.
- Diversify Your Trades: Don’t put all your funds into one instrument.
- Avoid Overtrading: Focus on quality over quantity.
Step 4: Stay Focused and Calm
Trading tournaments can be intense, especially when the clock is ticking and the leaderboard is constantly updating. Staying focused and keeping your emotions in check is essential.
Tips for Staying Calm:
- Take Breaks: Step away from the screen if you’re feeling overwhelmed.
- Stick to Your Plan: Don’t let FOMO (fear of missing out) push you into impulsive trades.
- Ignore the Noise: Focus on your strategy, not what other traders are doing.
- Pro Tip: Use tools like price alerts to stay updated without constantly monitoring the market.
Step 5: Learn from the Leaderboard
The leaderboard isn’t just a ranking – it’s a goldmine of information. By studying the top performers, you can learn new strategies and spot trends.
What to Look For:
- Trading Patterns: Are the top traders focusing on specific instruments or time frames?
- Risk Levels: Are they taking big risks or playing it safe?
- Execution Speed: Are they scalping or holding positions longer?
- Pro Tip: Don’t blindly copy others, but use their success as inspiration to refine your own strategy.
FAQ
What Is a Trading Tournament?
Trading tournaments are competitive events where traders compete against each other to achieve the highest returns, fastest trades, or other performance metrics within a set time frame.
Think of it as a mix of skill, strategy, and a little bit of luck.
Key features:
- Prizes: Cash rewards, trading credits, or even gadgets like laptops and phones.
- Time Limits: Tournaments can last anywhere from a few hours to several weeks.
- Virtual Funds: Many tournaments use demo accounts with virtual money, so you’re not risking your own cash.
- Leaderboards: Real-time rankings to see how you stack up against other traders.