Tradeify 247 runs a free monthly trading competition where you can compete against other traders for funded evaluation accounts. Each participant receives a free $200K demo account and the trader with the highest profit wins.
Important: Fair Play Policy
Any attempt to use multiple accounts or emails will result in permanent disqualification and account suspension. All winning accounts will undergo a compliance review after the competition ends to ensure fair trading conditions were followed.
How to Enter
Entry is completely free — no purchase required.
Click on the current competition to view details
Sign up to receive your free $200K competition account
Start trading when the competition begins
Each participant is limited to one account only. New competitions are posted each month.
Competition Rules
1. No Expert Advisors (EAs)
Automated trading systems (EAs, bots, scripts) are strictly prohibited during the competition.
2. Trading Conditions (Leverage)
BTC/ETH/PAXG: up to 5x leverage
Altcoins: up to 2x leverage
3. Maximum Daily Drawdown: 5%
Daily drawdown limits are adjusted daily at 22:00 UTC (5:00 PM ET in winter / 6:00 PM ET during Daylight Saving) and are calculated based on the previous day's balance.
4. Maximum Total Drawdown: 10% (Static)
Max drawdown is calculated from the starting balance and does not trail upward as the account grows. For the $200K competition account, this means your account cannot fall below $180,000.
5. Consistency Rule: 35%
No single trading day may account for more than 35% of your total profits.
6. No Exploiting Unrealistic Fills
Any attempt to exploit demo pricing inefficiencies will result in disqualification.
7. Weekend and News Trading
Holding positions over weekends and trading during news events is allowed.
8. Entry Rules
Free entry — one account per participant only.
9. Winner Selection
The winner is determined by the highest absolute profit ($ gain).
Prizes
We recognize and reward top-performing traders with the following prizes:
Rank | Prize |
1st Place | $200K (2 × $100K 2-Step Evaluation Accounts) |
2nd Place | $100K 2-Step Evaluation Account |
3rd–4th Place | $50K 2-Step Evaluation Account |
5th–6th Place | $25K 2-Step Evaluation Account |
7th–14th Place | $10K 2-Step Evaluation Account |
All prizes will be distributed to the winners within 48 hours of the competition ending.
Frequently Asked Questions
How do I enter the competition?
Visit app.tradeify247.co/competitions and sign up for the current competition. It's completely free — no purchase required. You will receive a $200K demo account to trade with.
What is the account size?
Each competitor receives a free $200,000 demo account.
How is the winner determined?
The winner is determined by the highest absolute profit ($ gain) at the end of the competition period. All winning accounts are reviewed for rule compliance before prizes are awarded.
Can I use trading bots or EAs?
No. Automated trading systems (Expert Advisors, bots, scripts) are strictly prohibited during the competition. All trades must be placed manually.
Can I hold positions over the weekend?
Yes. Holding positions over weekends and trading during news events is allowed.
What happens if I break a rule?
Rule violations may result in disqualification from the competition. Attempting to use multiple accounts or emails will result in permanent disqualification and account suspension.
When are prizes distributed?
All prizes (funded evaluation accounts) are distributed within 48 hours of the competition ending.
How often do competitions run?
Competitions run monthly. Visit the competitions page to see the current schedule and upcoming events.