I’ve always heard complaints about exchange trading comps — unfair rules, bots dominating, or hidden conditions. Decided to test it myself.
Joined a small trading challenge 3 months ago and ended up winning $100. Tried again later and won $250. Not life-changing, but encouraging enough.
From this little experience, I picked up 3 lessons:
1. Don’t judge until you’ve actually tried.
2. Some comps do provide a fairer playing field.
3. Pick competitions that match your category and strength.
Curiousto know if anyone else here had similar or opposite experiences with trading comps?
I have a little experience with trading competitions, but not in crypto, rather in forex, held by a well-known
BROKER. The rules are simple, whoever has the largest balance at the end of the specified time period is the winner, using their own capital, of course. The broker's profit here is not much different, earning trading fees from the spread on open positions. The larger the lot, the greater the trading fee earned. This is quite comparable to the reward given to the winner, and is even very profitable for the broker.
i have also joined a few trading competitions as well, but mine was on crypto exchanges like Bybit and Bitget. the rules were quite simple though!! whoever had the highest balance or PnL by the end of the competition won. and since we were using our own funds, the exchange still earned money from trading fees with every trade. the more you traded, the more fees they collected. another thing is that this competitions are not just about rewarding traders, they are also a way for exchanges to make more profit from the extra trading activity. the prizes they give are usually much smaller compared to what they earn from all the participants.