Participate in the XM Demo Trading Competition: Win $10,000 in Real Withdrawable Funds!
XM Demo Trading Competition Are you ready to showcase your trading skills in the XM Demo Trading Competition? This exciting event offers participants the chance to win a share of $10,000 in real withdrawable funds, all while trading in a risk-free demo environment. The competition runs from 27-Aug-2024 to 03-Sep-2024, so get ready to join the action and prove your trading prowess!
How to Enter the Competition
To participate in the XM Demo Trading Competition, follow these simple steps:
- Select Your Account:
- XM Demo Trading Competition On the left-hand side of your screen, you’ll find a slider displaying all your trading accounts.
- Use this slider to choose the account you want to use in the competition.
- XM Demo Trading Competition Ensure that the account you select meets the competition’s requirements. The system will automatically notify you if your account is eligible.
- Learn About Each Competition:
- XM Demo Trading Competition Navigate to the competition area to view all open and upcoming competitions for both real and demo accounts.
- Each competition will have detailed information including terms, start and end dates, and the first prize.
- If the competition is already ongoing, click on the competition card to see participant rankings and statistics.
- Participate in Multiple Competitions:
- You can enter multiple competitions simultaneously using different accounts, provided each account meets the specific competition’s requirements.
- However, each account can only participate in one competition at a time.
Understanding Performance Measurement
Your performance in the XM Demo Trading Competition is a key factor that determines your ranking. Here’s how it’s calculated:
- Equity (current): Your equity at every evaluation point, usually checked every 10 minutes.
- Equity (initial): Your equity at the moment you enter the competition.
- D: Deposits made after joining the competition.
- W: Withdrawals made after joining the competition.
Important Note: While deposits do not affect your performance, withdrawals can lead to elimination from the competition.
What Are Competition Tiers?
Some competitions feature multiple tiers, each with different equity entry requirements. For example:
- Tier 1: Requires $1,000 equity.
- Tier 2: Requires $500 equity.
- Tier 3: Requires $100 equity.
While the competition remains the same, higher tiers typically offer better prizes.
Can I Use an MT4 Account or Expert Advisor?
Yes! You can participate in the competition using either an MT4 or MT5 account. If you prefer using an Expert Advisor (EA), feel free to do so.
Entering Competitions with Open Trades
You can enter a competition even if you have existing open trades, whether they are winning or losing positions. The performance is based on net equity changes, so the profit and loss of existing trades before entering are not considered. However, any changes in P&L after entering the competition will be factored into your performance.
How is Ranking Calculated?
XM Demo Trading Competition Rankings are determined based on the performance of all competitors. Every 10 minutes, the system calculates and sorts performance in descending order. Higher performance results in a higher ranking. Competitors with no trading activity will be displayed during the competition but will be excluded from prizes.
What Happens in a Tie? If two competitors have the exact same performance, they will share the prize for that position.
Viewing Competition Results
To see the results of a competition that has ended, simply click on the ‘Ended’ button and select the respective competition. For ongoing competitions, you can view current rankings and statistics on the dashboard.
This XM Demo Trading Competition is your chance to gain experience, showcase your trading skills, and win real, withdrawable funds! Don’t miss out on this opportunity to turn your demo trading success into real profits. Get ready to compete and claim your share of the $10,000 prize pool!
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