XM Competitions 2024: Win Up To $45 000 Monthly! 💰⚡

XM broker competitions are a great way for traders of all levels to test their skills, compete against other traders, and win real cash prizes. The broker offers a variety of competitions throughout the year, including demo contests, real trading contests, and social trading contests.

XM Broker has long been recognized as a reputable and innovative online trading platform, offering a range of financial instruments and services to traders worldwide.

The XM competitions provide traders with an exciting opportunity to showcase their skills, compete against fellow traders, and potentially win attractive prizes.

XM broker has several competitions including:

• The Seven-Day Showdown (Prize pool $10 000)
• The Daily Challenge (Prize Pool $5 000)
• The Five-Day Showdown (Prize Pool $30 000)
• The Funded Strategy Manager with different tiers (Prize Pool Tier 2 $20 000, Tier 1, $40 000)
• Top Performer with three tiers. (Prize Pool, Tier 3 $40 000, Tier 2 $20 000, Tier 1 $5 000)

These different XM competitions have different account types and equity requirements. You will be able to see these specific requirements when you register for each competition.

How To Enter The XM Competitions

These XM competitions are open to all XM clients with verified real accounts.

Click here to open your XM live account. After creating the account verify it by simply uploading your identity document like your ID or passport. You do not need proof of residence to verify your account as long as you are based in your home country.

After verifying the account follow these steps to join the XM competition.

1. Log in to your XM account and look for the competitions tab.

2. Click on ‘View Competition‘ and you will be directed to the competition page. As shown in the picture below, you can view ongoing competitions (In Progress), upcoming ones, and those that have ended. You can also view the competition requirements.

There will also be a breakdown of the competition prizes.

3. Click “Upcoming” to register for the next competition because you won’t be able to join once it’s in progress.

4. You will then get a notification when the next competition is about to start and you can then join in.

Terms & Conditions Of The XM Trading Competitions

1. To win withdrawable cash prizes, you must select the Xm Forex competition to become a Top Performer.
   
2. You are allowed to participate in multiple types of XM trading competitions simultaneously, for example, joining both the social trading competition and the daily challenge.
   
3. One account can only be used for one competition.
4. Accounts used for competition must be either standard or ultra-low standard accounts.
   
5. Your trading account must have equity in accordance with the XM Forex competition’s rules to participate. For instance, if you want to join a Tier 2 competition that requires a minimum equity of $500, you must deposit $500 first.
   
   
   
6. You are permitted to use both MT4 and MT5 as well as expert advisors for the competition if you wish.
7. If your trading performance is 0 due to inactivity, you will be excluded from the cash prizes, regardless of your ranking.
8. If two individuals happen to win with the same trading performance and ranking, the prize will be split between them.
   
9. Withdrawal can result in your elimination from the XM forex competition.
10. You are allowed to enter a competition with existing open (winning or losing) trades.

How Top Performers Are Determined In XM Contests

XM selects winners for the contests based on their trading performance throughout a given period. Your performance in the XM trading competition is calculated using the following formula:

Performance = (Current Equity – D + W) / Initial Equity – 1

• Current Equity = your equity at every evaluation point, typically every 10 minutes.
• Initial Equity = your equity at the point of entering the competition.
• D = Deposits during the period after joining the competition.
• W = Withdrawals during the period after joining the competition.

Your performance determines your ranking in comparison to other participants in the XM contest. Rankings are calculated based on the performance of all participants.

At each calculation interval (usually every 10 minutes), the performance of all participants is calculated and then sorted in descending order. The higher the performance, the higher the ranking.

Additionally, there is also a separate scoreboard for Top Improvers, which includes individuals who may not have won but have shown exceptional progress compared to others.

Tips For Succeeding In XM Competitions

• Choose the right XM trading competition for you:
  XM offers a variety of competitions with different formats and prize pools. Choose a competition that is appropriate for your trading experience and risk tolerance.
  
• Develop a trading plan:
  Before you contest in an XM trading competition, develop a trading plan that outlines your entry and exit criteria, risk management strategy, and money management strategy.
  
• Manage your risk: It is important to manage your risk carefully when trading in a competition. Do not risk more money than you can afford to lose.
  
• Be patient:
  It takes time and practice to become a successful trader. Don’t get discouraged if you don’t win a competition right away. Keep practising and learning, and you will eventually achieve your trading goals.

These tips will help you get the most out of these competitions.

XM At A Glance

🔎Broker’s Name	XM.com
🏚 Headquarters	UK
📅 Year Founded	2009
⚖ Regulating Authorities	FCA, IFSC, CySec, ASIC
🧾Account Types	Micro Account; Standard account; Ultra Low Account; Shares Account
🎁 Bonus	Yes, $30
🧪 Demo Account	Yes
💸 Fees	$3.50
💸 Spreads	spreads from 0.6 to 1.7 pips
💸 Commission	commission-free trading depending on the account selected
🏋️‍♀️ Maximum Leverage	1:1000
💰 Minimum Deposit	$5 or equivalent
💳 Deposit & Withdrawal Options	Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more.
📱 Platforms	MT4 and MT5
🖥 OS Compatibility	Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads
📊 Tradable assets offered	Forex, commodities, cryptocurrency, shares, indices, metals, energies, options, bonds, CFDs, and ETFs
💬 Customer Support & Website Languages	23 Languages
⌚ Customer Service Hours	24/5
♻Copytrading	Yes
🚀 Open an Account	👉 Click Here

Frequently Asked Questions On XM Competitions