1. What is the Daily Drawdown limit?
The daily drawdown limit is set at 10%, meaning your account’s equity can’t fall by more than 10% of the day’s starting balance. This 10% is always equivalent to $10,000, with no maximum overall drawdown limit.
2. What if I Don’t Start Trading Right Away?
Participants have a total of 45 days to stay active in the competition. If trading hasn’t commenced within the first 15 days, the account will be disqualified. Note that the 45-day window excludes the sign-up period, which starts a month before the competition launch.
3. What Happens if Rules Are Broken?
Accounts that violate any competition rules—such as surpassing the daily drawdown limit, using automated trading, or holding multiple entries—will be disqualified.
4. Are Automated Trading Systems Permitted?
No, automated systems (expert advisors) aren’t allowed. This competition aims to evaluate each trader’s skills under consistent conditions.
5. Can I Register Multiple Accounts?
No, only one account is permitted per participant. Registering multiple accounts will lead to disqualification.
6. How Long Do I Have to Register?
The registration period is one month before the competition begins, typically starting on the first of the month. Be sure to register within this time to secure your place!
7. What Are the Account Size and Leverage?
Participants will trade with a simulated $100,000 account and a leverage of 1:50 on the MT5 platform.
8. Is It Possible to Recover After a Large Drawdown?
Absolutely! We encourage traders to persevere, even after challenging days. We’ve witnessed remarkable comebacks, with some traders recovering after a 60% loss in past competitions!
9. How Do I Register and Navigate the Dashboard?
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10. What Are the Key Dates?
All important dates, including registration timelines, trading start requirements, and competition end details, can be found directly in the competition dashboard. Make sure to check there for up-to-date information!
11. How do I claim my Prize?
We appreciate your patience as we complete the verification process. Coupons and prizes for verified winners will be distributed within 48 hours!
12. Participation
All competition entrants must create a valid ArcticFunding account and agree to The Terms of Service. Entrants must adhere to the rules and regulations of the competition.
You may only have one registered account through one email address and one IP address; if you register multiple accounts you will be immediately disqualified