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Win Your Share of Our $140,000 Monthly Prize Pool
Compete in our Real and Demo competitions to win withdrawable cash prizes. No entry fees.
Real Account Competitions
Join the Mega Real Competition to trade as usual for a chance to win cash by skill or in our Lucky Draw.
Demo Account Competitions
Compete risk-free with your Demo Account’s virtual cash for a chance to win a real cash prize.
Terms and Conditions apply*. To read the full T&Cs, click here.
Why Join XM Competitions?
Win withdrawable cash prizes!!
No entry fees required.
Test your skills and trading strategies.
Compete no matter how experienced you are.
See how you rank among other traders.
Get insights and new trading ideas.
Terms and Conditions apply*. To read the full T&Cs, click here.
FAQs
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How do I enter a competition?
To enter a competition, first select the account you’ll use to participate from the slider on the left-hand side of the screen. You’ll see all your accounts on that slider and switching through them will automatically show you whether the account you’ve selected meets the requirements of the competition you want to join or not.
How do I learn more about each competition?
In the competition area you can see all the open and upcoming competitions for both Real and Demo accounts. There, you’ll find the competition terms, the start and end date as well as the 1st prize.
If the competition is already underway, clicking on the competition information card will also reveal more detailed information like the rank and statistics for each participant in the competition.
Can I enter many competitions at the same time?
Yes! You can enter multiple competitions at the same time with different accounts, assuming these accounts meet the competition’s requirements. However, each individual account can ONLY enter one competition at a time.
How is performance measured?
Performance is calculated using the following formula:
Performance= (Equity (current) — Equity (initial) + W - D)/ (Equity (initial) +D)
Equity (current)= Your equity at every evaluation point, typically every 10 minutes
Equity (initial)= Your equity at the point of entering the competition
D= Deposits that have taken place in the period after joining the competition
W= Withdrawals that have taken place in the period after joining the competition
Your performance determines your ranking in relation to other competitors
What happens to my performance if I make a deposit or withdrawal?
Your performance is NOT positively or negatively affected by any deposits or withdrawals you make in your trading account. However it is important to note that a withdrawal can lead to elimination from the competition. You can read more about Competition removal below.
What are tiers?
Although it’s not a rule for all competitions, some competitions have multiple tiers, particularly those requiring Real accounts. Tiers are different equity entry criteria for the same competition. For example, competition XYZ has Tier 1, Tier 2 and Tier 3. Tier 1 has an equity entry requirement of $1,000, Tier 2 has a requirement of $500, and Tier 3 has a requirement of $100. The competition is the same however you must have more equity to join Tier 1. Tier 1 would typically have better prizes than Tier 2 and 3.
Can I use MT4 account or expert advisor?
Competitions are available to both MT4 and MT5 accounts and you are free to use an expert advisor if you wish.
Can I enter a competition with existing open (winning or losing) trades?
Yes, you can. Performance is calculated based on net equity changes so the P&L of existing open trades is ignored. Change to the P&L in open positions after entering a competition are taken into consideration in the competitors performance.
How is ranking calculated?
Ranking is calculated based on the performance of all competitors. At every calculation interval (typically every 10 minutes) the performance of all competitors is calculated and subsequently sorted in descending order. The higher the performance the higher the ranking. Competitors with zero performance due to no trading activity are displayed during the duration of the competition but are excluded from the prizes.
What happens if two competitors have the exact same performance?
In cases where the competitors share the same ranking, they split the prize for that position.
Where can I see the results of a competition?
To see the results of a competition that has ended, click on the ‘Ended’ button and find the respective competition. For ongoing competitions, the results are displayed on the dashboard where all the statistics are displayed.
How do I join a Demo competition?
To join a Demo competition, click on the card of the competition and once inside click on the JOIN DEMO button. Joining a competition automatically creates a Demo MT5 account and debits it with $1,000, you will be asked for a password. The account will remain READ ONLY until the start of the competition and trading will be allowed once the competition starts.
How do I learn more about each competition?
In the competition area you can see all the open and upcoming competitions for both Real and Demo accounts. There, you’ll find the competition terms, the start and end date as well as the 1st prize.
If the competition is already underway, clicking on the competition information card will also reveal more detailed information like the rank and statistics for each participant in the competition.
Can I re-join the same competition?
No, a specific demo competition can be joined only once. A user can join upcoming Demo competitions but not rejoin a competition he has already participated in.
Can I top-up or reset my Demo account balance?
No, all competitions participants are given $1,000 once they join and no top-ups or resets are allowed.
How is performance measured?
Performance is calculated using the following formula:
Performance = (Equity (current) — Equity (initial) + W - D)/ (Equity (initial) +D)
Equity (current)= Your equity at every evaluation point, typically every 10 minutes
Equity (initial)= Your equity at the point of entering the competition
D= Deposits that have taken place in the period after joining the competition
W= Withdrawals that have taken place in the period after joining the competition
Your performance determines your ranking in relation to other competitors
Can I use MT4 account?
No, all demo competitions can be joined with MT5 accounts. You don’t need to have an existing demo account, one will be created for you upon joining the competition.
Can I use an Expert Advisor?
Yes, you are free to use an Expert Advisor if you so wish.
How is ranking calculated?
Ranking is calculated based on the performance of all competitors. At every calculation interval (typically every 10 minutes) the performance of all competitors is calculated and subsequently sorted in descending order. The higher the performance the higher the ranking. Competitors with zero performance due to no trading activity are displayed during the duration of the competition but are excluded from the prizes.
What happens if two competitors have the exact same performance?
In cases where the competitors share the same ranking, they split the prize for that position.
Where can I see the results of a competition?
To see the results of a competition that has ended, click on the ‘Ended’ button and find the respective competition. For ongoing competitions, the results are displayed on the dashboard where all the statistics are displayed.
