## The Funded Trader Monthly Competitions: A Detailed Guide
The Funded Trader (TFT) Monthly Competitions offer an exciting platform for traders to demonstrate their skills and compete for substantial rewards. This comprehensive guide will explore the structure, rules, registration process, prize distribution, and frequently asked questions regarding these competitions.
## Overview of TFT Monthly Competitions
TFT’s Monthly Competitions are designed to be inclusive, allowing traders from various backgrounds to participate and showcase their trading abilities. Each month, participants have the chance to win prizes while adhering to specific rules and guidelines.
### Key Features
– **Free Participation**: All traders can join without any entry fees.
– **Monthly Schedule**: Competitions run from the first day of the month at 12 AM EST until the last day at 11:59 PM EST.
– **Limit on Participants**: For October and November competitions, there is a cap of **5,000 participants**.
– **Prizes**: A range of prizes is awarded to the top performers, enhancing motivation and engagement.
## Rules for Participation
To maintain fairness and integrity in the competitions, TFT has established a set of rules that all participants must follow.
### Eligibility Criteria
– Participants must be at least **18 years old**.
– Only one account per participant is allowed; multiple registrations will lead to disqualification.
– Participants must accept TFT’s Terms of Service.
### Competition Rules
The following rules apply to each competition:
| Rule Description | Details |
|—————————————–|———————————————————————————————-|
| **Max Daily Drawdown** | 5% simulated maximum daily drawdown based on demo balance or simulated equity. |
| **Max Total Drawdown** | 10% simulated maximum total drawdown. |
| **Minimum Trading Days** | Participants must trade for at least 5 days during the competition month. |
| **Use of EAs** | Expert Advisors (EAs) and trade copiers are not permitted. |
| **Trading Restrictions** | No unrealistic fills in the demo environment; simulated trading news is permitted. |
### Disqualification Criteria
Participants may face disqualification for breaching any competition rules. Disqualification is final, and participants cannot appeal decisions made by TFT.
## Registration Process
Joining the monthly competitions is straightforward. Here’s how to register:
1. **Create an Account**: Traders must create a valid account with The Funded Trader.
2. **Access Competitions Page**: Navigate to the Competitions page on the Trade Hub.
3. **Register**: Click on the Register button for the upcoming competition.
### Logging into Your Competition Account
To log into your Match-Trader Competition account:
1. Visit the Match-Trader login page.
2. Enter your username (which includes “+TFTCOMP”) and password from the Competition Welcome email.
3. Click on the Sign-in button.
## Prize Structure
The prize distribution for winners varies each month, with significant rewards for top-ranking traders. Below is a breakdown of prizes for the November and December competitions:
### November Competition Prizes
| Rank | Prize Description |
|————–|—————————————|
| 1st | $100k Knight Pro Challenge |
| 2nd | $50k Knight Pro Challenge |
| 3rd | $25k Knight Pro Challenge |
| 4th – 10th | $10k Knight Pro Challenge each |
| 11th – 25th | $5k Knight Pro Challenge each |
| Additional | Entries from 2nd – 200th place entered into a raffle for a $100k Knight Pro Challenge |
### December Competition Prizes
The prize structure remains consistent with November:
| Rank | Prize Description |
|————–|—————————————|
| 1st | $100k Knight Pro Challenge |
| 2nd | $50k Knight Pro Challenge |
| 3rd | $25k Knight Pro Challenge |
| 4th – 10th | $10k Knight Pro Challenge each |
| 11th – 25th | $5k Knight Pro Challenge each |
## Tracking Your Progress
Participants can monitor their standings in real-time through the Standings area of the competition page. This section provides crucial information such as:
– Time Remaining
– Prize Pool
– Remaining Contestants
– Current Leader
– Competition Standings Dashboard
– Simulated Closed Trades
## Frequently Asked Questions (FAQs)
### What happens if I get disqualified?
If you see “DQ” on your dashboard, it indicates that your account has breached one or more competition rules. This disqualification is irreversible, but you can register for future competitions.
### Can I rejoin a current competition if I am disqualified?
No, once disqualified from a current competition, you cannot rejoin. However, you can prepare to participate in the next month’s competition.
### How are winners notified?
Winners will receive an email from the Trader Success Team detailing their prizes within **7-10 business days** after the competition ends.
### Are there any restrictions on trading during high volatility news events?
Simulated trading news is permitted; however, participants are advised to employ adequate risk management due to potential slippage during high volatility events.
### What should I do if I encounter issues logging into my account?
Ensure you are using the correct username format (including “+TFTCOMP”) and your provided password. If issues persist, refer to support resources or contact customer service.
