Free Challenge, tournaments and prizes

Alongside the paid Challenge we issue two kinds of no-cost account: a Free Challenge Account (D.35), so you can try the platform and the rules before you buy anything, and a Tournament Account (D.36), issued for a competition we announce with its own dates, Tournament Terms (D.37) and prize list. Both are simulated, exactly like every other account here. A tournament prize can itself be an Account; §10.4 says which rules it follows.

10.1 · Which rules apply

Everything in §1 to §8 applies while you trade one of these accounts, with the exceptions listed in 10.2. That is the point of them: the limits are the real limits, the platform is the real platform, the costs are the real costs, and the Best-Day Rule is measured the same way. In particular the prohibited practices in §5 apply in full, and a Hard Breach ends the account exactly as it would end a paid one.

10.2 · What does not apply

• No payouts and no funding. There is no Payout Cycle, no High-Water Mark, no Profit Split and no Scaling. Passing a Free Challenge Account does not issue a Funded Account, and a Tournament Account never becomes one. In a tournament, a Funded Account can be won only as a separate prize under §10.4.
• No profit target on a Tournament Account. A Tournament Account has no Phases, no profit target, no profit cap and no minimum of Trading Days, and the Best-Day Rule does not raise a target on it: it is applied only as the condition to place under 10.3. Its loss limits are those of the model stated in the Tournament Terms, as fixed amounts from its Initial Balance (§2).
• No fee and no refund. Nothing was paid, so there is nothing to refund. The same holds for every Account won as a prize (§10.4): it carries no fee refund, because the refund in §4 is the return of a price you paid.
• No add-ons. The add-ons in §9 are not available on these accounts and cannot be bought onto them.
• A time limit. Unlike the paid Challenge, these accounts expire on the date published for the offer or the tournament. When the period ends the account closes, whatever its result.
• One per person. One Free Challenge Account per person, and one Tournament Account per person per tournament. We verify by e-mail address, phone number, payment identity where one exists, and device and network fingerprints.

10.3 · Tournaments

Each tournament is announced with its own registration window, trading window, account size, the model whose loss limits apply, and prize list, published in its Tournament Terms (D.37) before registration opens and fixed for the duration of that tournament. Three things hold for every one of them:

• The ranking is gated on the Best-Day Rule. Entrants are ranked by Total Profit over the trading window, but only entrants whose Best-Day Score is 40 % or lower (D.23, D.24) are eligible to place.
• Entries stand or fall on their own. Multiple entries by one person, entries coordinated between people, copy trading between entrants and any other practice in §5 void every account involved and forfeit every prize, before or after it is awarded. Where a prize requires identity verification, it is verified before the prize is issued.
• A prize goes only to someone who qualifies for it. A prize that no entrant qualifies for is not awarded; a tournament with no eligible entrant has no winner. Prizes are personal: they cannot be transferred, sold or exchanged for cash.

We may cancel or re-run a tournament if a platform fault materially affects the result. If we do, we say so publicly, with the reason.

10.4 · Prizes that are an Account or a discount

The prize list of a tournament may contain three kinds of prize. Whatever the kind, these rules apply to it as set out below, and the Tournament Terms cannot change that.

• A Challenge won as a prize – a Challenge of the model and size stated in the prize list, issued at no charge. From the day it is issued it is a Challenge like a purchased one: §1 to §9 apply in full, it has no time limit, and passing it issues a Funded Account (D.4) with payouts under §4. Two differences: it carries no fee refund, because no fee was paid, and no add-ons can be bought onto it.
• A Funded Account won as a prize – a Funded Account of the model and size stated in the prize list, issued without a Challenge. It is a Funded Account in every respect: the loss limits of its model as fixed amounts from its Initial Balance (§2), the Best-Day Rule as the gate to payout (§3), payouts with a Profit Split of 80 %, the High-Water Mark, the Payout Cycle and Scaling counted from the day it is issued (§4, D.20, D.27, D.30), the prohibited practices (§5) and the 60-second minimum Hold Time (§8). It carries no fee refund and no add-ons. KYC (§4) is completed before it is issued, not before the first payout. It counts towards the 200,000 USD cap on concurrently funded capital (§5); if issuing it would take you above the cap, we issue it as soon as it fits.
• A discount code – a single-use code that lowers the price of a Challenge, on the terms stated in the prize list (the size of the discount, which Challenge it applies to and how long it is valid). It is not an Account. The Challenge bought with it is a purchased Challenge in every respect, and its fee refund under §4 equals the price actually paid, after the discount (D.29).

10.5 · Which version of the rules applies

A Free Challenge Account follows the version of these rules in force on the day it is issued. A Tournament Account, and every prize won in that tournament, follow the version in force on the day registration for that tournament opened: the same version for every entrant, and for the whole life of an Account won as a prize. A later change to these rules does not apply to them. A Challenge bought with a discount code won as a prize is a purchased Challenge and follows the version in force on the day it is bought. A change forced on us by legislation, by a decision of a public authority or by the trading platform provider, which the Legal Notice on the website allows, applies to these accounts as it would to a purchased Challenge.