Process
1. Registration
After completing your registration, you will officially be enrolled for the competition.
2. Start Date
The trading competition will start once our firm achieves a minimum of 50,000 individual registrations.
3. Competition
The top 1000 traders from the competition will receive an evaluation (eligible for funding if passed) free of charge.
Competition
1. Winners
Out of 50,000 competing traders, only 1,000 will be selected as winners. Selection will be based on the optimal combination of the highest percentage gain and the lowest maximum drawdown. Rankings will be assigned from 1 to 1,000, with the highest-performing trader receiving rank 1. No rules are provided on competition accounts, and all accounts used in the competition are provided by our firm.
2. Verification
Trading for the competition will take place on our soon to be released FX trading platform: OpenBook 7. All 50,000 traders will have their performance displayed on our public leaderboard for everyone to see in real-time; verified by third party auditors (nodes) on the DRU FX Blockchain .
Our firm has also made a voluntary commitment to releasing a post giveaway audit, preformed by leading Canadian auditing firms for the general public to see.
3. Announcements
Winners will be publicly announced 40 days after the competition start date. This means traders have exactly 40 days to build their performance. After being announced, free evaluations will be issued to the ranked traders. These evaluations will be eligible for funding if successfully completed.
Funding | Evaluations
1. Account Sizes
Traders Ranked 1-99
$1,000,000 USD
Traders Ranked 100-249
$500,000 USD
Traders Ranked 250-499
$250,000 USD
Traders Ranked 500-1000
$25,000 USD
2. Account Parameters
The following parameters will be applied to each giveaway evaluation, and will transfer over to the funding stage for the traders who manage to successfully pass:
- Maximum Loss Limit | 8%
An 8% static maximum loss limit that does not change once set. If an accounts equity is at or exceeding this limit, the account will be breached.
- Daily Drawdown Limit | 5%
5% daily drawdown limit that resets every 24hrs to whatever a traders equity was at the time of reset. If an accounts equity is at or exceeding this limit, the account will be breached.
- Profit Targets | 7% | 7%
Traders who receive a free evaluation will need to complete a two step evaluation before funding (both phase1/2 contain a 7% profit target).
- Profit Split | 80%
Traders who manage to transition into funding will receive a total commission pay of 80% on their profitable deliverables.
- Banned Strategies | HFT
No HFT trading strategies are permitted on evaluations or funded accounts. Breaking this rule results in an instantaneous suspension from our services.
Disclosure
To ensure fairness, this giveaway limits participants to one free evaluation per person. For the avoidance of doubt, we will only enforce the 1 entry per person rule via rigorous KYC screening; rather then enforcing "copy trading" / "ip" rules. All other public offers from our firm allow traders to obtain unlimited accounts with no scaling limitations.
This giveaway is part of a marketing campaign conducted by our firm to increase brand awareness within the industry, highlighting our technological advancements and A-book prop trading models. We fully intend to adhere to the publicly disclosed evaluation criteria and to fund traders who successfully pass in accordance with the outlined terms.
Please note, however, that registering for this giveaway does not guarantee any specific outcome. While we will act in good faith to fulfill the criteria published on this page, we cannot make any promises or guarantees regarding the results of your registration or participation.
We strongly encourage you to familiarize yourself with the nature/subtance of our business and our operational model before engaging with any of our services.
All associated risks are publicly disclosed on our website in the following documents:
By registering for our giveaway, you are acknowledging that you have read, understood, and accepted those terms.
Although we have publicly committed to pursuing future regulatory engagement and have voluntarily declared our intention to undergo audits, please be aware that our firm is currently unregulated. We do not accept client deposits, manage client capital, or engage in any regulated financial activities.
Our firm operates exclusively on A-book models. All trader executions occur within a simulated environment. At our sole discretion, we choose to replicate all simulated trades (during the simulated "funded" stage) using our own capital, which is held in the custody of regulated dealers that give us access to the financial markets.
Purchasing an evaluation from our firm does not constitute a deposit of any kind. It represents payment in exchange for access to our simulated trading environment; and a paid assessment to potentially become an Independent Trading Associate ("Contractor") at our firm.
If any aspect of our Risk Disclosure or Legal documents is unclear, we require that you contact us for clarification before engaging with our services.