Forex Kingdom

Trading Competition Rules

1. Leverage & Account Settings

  • Leverage: 1:100
  • Spreads: 0 on all FX pairs and gold (may vary with market conditions)

2. Drawdown Rules

  • Daily Drawdown Limit: 4%
  • Maximum Total Drawdown: 6%

3. Profit Target

  • Goal: Finish in the Top 5 Traders based on highest profit percentage
  • Profit Percentage = ((Final Balance - Starting Balance) / Starting Balance) × 100
  • In case of tie: Higher win rate determines rank
  • Any collaboration to manipulate rankings/prices results in immediate disqualification

4. Trading Guidelines

  • Minimum Activity: Must place at least one trade within the first 10 days
  • Lot Size: No restrictions
  • Trading Duration: No minimum or maximum trading days required
  • Holding Trades: Allowed overnight and over the weekend
  • News Restriction: No trades can be placed 5 minutes before or after high-impact news releases

5. Risk Management Rules

  • Per-Trade Risk Limit: No single trade may risk more than 2% of the account balance
  • Stop-Loss: Not Mandatory on every trade
  • Prohibited Strategies:
    • No hedging
    • No martingale
    • No trade manipulation
  • No gambling behavior — All trades must be based on a defined strategy. Random, impulsive, or emotionally driven trading will result in disqualification.

6. Disqualification Criteria

  • Traders will be disqualified if they:
    • Exceed daily or maximum drawdown limits
    • Are inactive for more than 10 consecutive trading days
    • Use prohibited strategies or attempt to manipulate results
    • Exhibit gambling behavior such as overleveraging, revenge trading, or trading without a plan
  • Consequences for Rule Violations:
    • 1st Violation: Reduction of potential competition prize
    • 2nd Violation: Immediate disqualification