What does this contest entail?

The Oxiprop Trading Challenge presents a thrilling bi-weekly experience, extending an invitation to traders of diverse backgrounds for engaging in a complimentary and unrestricted competition. This unique event provides participants with a platform to highlight their trading prowess, presenting an opportunity to secure exclusive prizes. Participation in this challenge not only enables traders to vie against fellow enthusiasts but also serves as a means to fine-tune their trading approaches and ascend the rankings. With an expansive pool of 150 winners each month, the challenge establishes itself as a global stage, allowing traders worldwide to showcase their skills and potentially reap rewards for their exceptional performances.

Is participation in the contest free of charge?

Certainly! Engaging in the Oxiprop Trading Challenge comes at no cost whatsoever. This competition is entirely free, with no associated fees or expenses for participants. It extends a warm welcome to all traders, irrespective of their financial means, fostering inclusivity in this exciting event. By removing financial barriers, the challenge strives to establish an accessible platform where traders can exhibit their skills, strive for excellence, and vie for fantastic prizes. Join in, immerse yourself, and let your trading expertise sparkle, all without incurring any expenses!

What are the commencement and conclusion dates for the contest?

The Oxiprop Trading Challenge kicks off every month on the 1st day and concludes on the last day of the same month. Make sure to mark these dates on your calendar, ensuring that you seize the opportunity to exhibit your trading skills and contend for exceptional prizes. Stay informed and don't miss out on the chance to participate in this exciting competition.

When and in what manner can I enroll for each competition?

Prepare for an extraordinary trading expedition! Registration for each Oxiprop Trading Challenge unfolds at the commencement of each month. For example, if you're eager to participate in the July challenge, mark your calendar from 1st June to 30th June for the registration window. Follow these streamlined steps to register:

1. Visit the Oxiprop website or access your Oxiprop dashboard.

2. In the left sidebar, navigate to the competitions section.

3. Initiate the registration process by clicking on the "Register" button.

4. Keep an eye out for an email from Oxiprop, containing essential rules, guidelines, and login credentials.

Now, relax and await the commencement of the competition. Remember, trading is restricted to your competition account during the designated period. Get ready to showcase your skills and capitalize on trading opportunities once the competition officially commences.
For a more comprehensive understanding, delve into the captivating video below, meticulously crafted to guide you through the entire process.

What guidelines govern the Oxiprop Traders' Competition?

The Oxiprop Trading Challenge enforces a set of rules to ensure fair competition. Here are the key regulations participants must adhere to:

1.Single Account Registration:

Each participant is permitted to register only one account using a unique email address and IP address. Registering multiple accounts will result in disqualification from the competition.

2.Daily Drawdown:

Participants are subject to a daily loss limit, allowing a maximum loss of 5% of the initial account balance in a given day. The daily loss limit is calculated as follows:
   
   Daily loss limit = (Your Last Day's Balance - Today's Balance/Equity)

3.Maximum Allowable Drawdown:

The maximum allowable drawdown is capped at 10% of the initial balance. Participants must ensure their drawdown stays within this limit.

4.Prohibited Use of EAs:

The use of Expert Advisors (EAs) is not permitted during the competition. Participants are expected to engage in manual trading only.

5.Minimum Trading Days:

To qualify for prize consideration, participants must actively trade for a minimum of 5 days during the competition period.

Throughout the contest, is trading permissible during news events?

Absolutely! Participants are permitted to engage in trading activities throughout news events in the Oxiprop Trading Competition. You have the green light to trade during the release of news and impactful market events, allowing you to capitalize on potential market fluctuations and seize opportunities stemming from noteworthy economic disclosures or press statements. It's essential to stay well-informed, implement effective risk management techniques, and exercise prudence when making trading decisions amid these occurrences.

In the course of the contest, is the utilization of the Trade Manager allowed?

Regrettably, the utilization of the Trade Manager is not accessible within the competition account.
However, take comfort in the fact that the Oxiprop Trading Competition ensures fair competition for all participants. The emphasis is on evaluating trading skills and strategies rather than relying on specific tools or functionalities. Through leveraging your expertise and making well-informed trading decisions, you have the chance to demonstrate your capabilities and stand out in the competition.

Is it mandatory to implement Stop Loss (SL) and Take Profit (TP) in each trade during the competition?

Absolutely not! The decision of whether to employ Stop Loss (SL) and Take Profit (TP) orders in each trade during the competition is entirely at your discretion. You have the flexibility to make this choice based on your specific trading strategy, risk management principles, and the analysis of each individual trade.
While integrating SL and TP orders can be advantageous for risk management and securing profits, it is by no means obligatory. The use of SL and TP orders is entirely up to you. You are encouraged to apply them in alignment with your trading preferences and objectives, thereby enhancing your trading performance in the competition to match your distinctive style.

Am I allowed to participate in multiple competitions simultaneously?

Certainly! You are afforded the remarkable opportunity to engage in every Oxiprop Trading Competition. Each competition stands as a unique and independent event, providing traders with the chance to enroll and compete.

Regardless of whether you have previously taken part in competitions or are a newcomer to Oxiprop, you are cordially invited to register and participate in any forthcoming competitions that are announced. It's essential to bear in mind that each competition will come with its distinct set of rules, guidelines, and prize structure. We strongly recommend thoroughly reviewing the specific details of each competition before getting started.

Participating in multiple competitions presents a pathway to gaining valuable trading experience, allowing you to refine your strategies and consistently demonstrate your capabilities. Embrace the challenge and seize the opportunities that lie ahead. If you're prepared to navigate the trading landscape, feel free to engage in numerous Oxiprop Trading Competitions and leave your mark!

How can I monitor my performance and progress in the competition?

Keeping tabs on your advancement and staying informed about your position in the competitions is a straightforward process. Simply follow these uncomplicated instructions:

1. Visit the Oxiprop website or log in to your Oxiprop dashboard.

2. On the left sidebar, locate the competitions section.

3. Click on the "Profile" button to access your personal profile information.

4. Select the "Leaderboard" button to review your progress in the competition.

By following these steps, you can effortlessly monitor your performance and stay updated on your standing in the Oxiprop Trading Competitions.By adhering to these elegant steps, you can seamlessly monitor your journey, assess your standing among fellow traders, and stay abreast of your position in the competitions. Continue to strive for excellence, and may your position on the leaderboard accurately mirror your trading expertise!

If I violate the rules of my competition account, are there any reset procedures?

Regrettably, there will not be a reset during the Oxiprop Trading Competition. The competition operates continuously throughout the entire month without any scheduled resets. This implies that your trading progress, account balance, and performance will accumulate over the duration of the competition without any interruptions.

However, it's essential to be aware that specific daily calculations, such as the daily drawdown, will reset at 00:00 GMT+2. These calculations play a role in determining the daily drawdown limit and overall performance, but they do not impact the reset of your trading progress or account balance.

Stay focused, make well-informed trading decisions, and strive for consistent growth and success as you participate in the Oxiprop Trading Competition.

What prizes are at stake in the competition?

The Oxiprop Trading Competition presents enticing rewards to participants determined by their performance. Beyond just the top 100 traders, the top 600 traders on the leaderboard have the opportunity to secure prizes. Take a look at the image below to explore the prize pool and garner inspiration to vie for your portion of the rewards.

For traders ranking from the 101st to the 600th position, each will be awarded a lottery coupon. From this pool, 50 winners will be chosen, and each successful participant will receive a Shadowland Stage 1 6K account. Stay tuned to our Dashboard Community section for updates on the lottery results.

Is it possible to withdraw profits from the competition account?

Regrettably, participants are not permitted to withdraw profits from their competition account. The competition account is solely designated for active trading and showcasing your skills within the specified rules and guidelines.

Be assured that the competition environment is structured to ensure fairness and an even playing field for all participants. By concentrating on your trading endeavors and aiming for success within the competition, you have the chance to spotlight your capabilities and potentially secure lucrative rewards.

What is the procedure for claiming the competition prize?

We appreciate your accomplishment and are committed to ensuring a seamless and efficient process for delivering your prize. Our dedicated team will manage the logistics and reach out to you directly to coordinate the prize delivery.

To stay informed and updated on any developments, we encourage you to connect with our official social media platforms. This will be a reliable channel for receiving announcements and staying in the loop regarding your prize and any related updates.