WIN $400,000 LIVE FUNDED ACCOUNT
We have launched the 1st ever World Cup for Funded Traders to win the World Cup title.
We are inviting all Funded Traders from all prop firms (FTMO, MFF, etc…. you name it) to win
the “WORLD CUP 2022” title and a $400K Live Funded account.
Do you have what it takes to be crowned the Funded Traders World Cup 2022 Winner?
What make this competition unlike any other, is that only the best traders are accepted to join.
To Enroll, you must meet one of the following entry requirements:
- Have passed a challenge or an evaluation with CTI or any other funding company, such as FTMO, MFF, The Funded Trader, The Prop Traders, or any others etc…..; or
- Have won any competition with CTI or with other prop firms; or
- Have made at least 10% in net profit in any previous competition with CTI or other prop firms.
The aim of this competition is to crown the Funded Traders World Cup to the top trader who generates the highest net profit but who manages risk well. Therefore, this competition will follow a point-based method to rank traders based on two criteria. The Funded Trader with the highest points will win the World Cup title.
The two ranking criteria are the following:
- Highest Net Profit
- Highest Net Profit / Relative Drawdown Ratio.
How the point System works?
Criteria #1: Highest Net Profit %
(The Higher The Better).
from 0 to 10% = 0 point.
from 10.01% to 20% = +1 points.
from 20.01% to 30% = +2 points.
from 30.01% to 40% = +3 points.
from 40.01% to 50% = +4 points.
from 50.01% to 60% = +5 points.
from 60.01% to 70% = +6 points.
from 70.01% to 80% = +7 points.
from 80.01% to 90% = +8 points.
from 90.01% to 100% = +9 points.
from 100.01% to 110% = +10 points.
(for every 10% achieved, the participant gets an extra point).
Criteria #2: Highest Net Profit % / Drawdown % Ratio
(The higher, the better – a Minimum of 2 is Required to qualify).
from 0 to 1 = 0 point.
from 1.01 to 2 = +1 point.
from 2.01 to 3 = +2 points.
from 3.01 to 4 = +3 points.
from 4.01 to 5 = +4 points.
from 5.01 to 6 = +5 points.
from 6.01 to 7 = +6 points.
from 7.01 to 8 = +7 points.
from 8.01 to 9 = +8 points.
from 9.01 to 10 = 9 points.
from 10.01 to 11 = 10 points.
(for every 1 step increase, the participant gets an extra point).
For example, let’s assume
Trader #1 makes 79% net profit, and his Net Profit % / Relative Drawdown Ratio is 4.
Trader #1 would receive +7 points for making 79% in net profit plus +4 points for having a net profit/drawdown ratio of 4. His total points would be 7 + 4 = 11 points.
Trader #2 generated 100% net profit, and his Net Profit % / Drawdown Ratio is 0.85.
Trader #2 would receive +9 points for making 100% in net profit plus +1 points for having a net profit/drawdown ratio of 0.85. His total points would be 9 + 1 = 10 points.
Trader #3 generated 70% net profit, and his Net Profit % / Drawdown Ratio is 6.
Trader #3 would receive +6 points for making 70% in net profit plus +6 points for having a net profit/drawdown ratio of 6. His total points would be 6 + 6 = 12 points.
According to point based system above, the winner would be the trader who generated the highest net profit % combined with a better Net Profit/DD Ratio, which shows possessing better risk management skills.
So the Winner would be Trader #3.
What platforms do you offer?
Can I Trade during the News?
How can I monitor my trades?
We will provide you with an EA to install on your MT5 terminal to monitor all your trades while in the competition.
Do I need to use a stop loss?
Yes. You should use a stop loss on all your trades. Any trade used without a stop loss will not be counted towards your final results.
There is no limit on how much you can risk $ or % on each trade.
Respecting risk should always be the top priority for any trader who follows good risk management practices.
How the Daily Drawdown is calculated?
- On any given day, the Maximum Loss must not be equal to or exceed the value of 6% of the initial account balance (Initial Account Balance x 6%).
- The Max Daily Drawdown includes any swaps, commissions, and spreads.
- The Max Daily Drawdown resets every day at 22:00 GMT (Midnight Broker's Time).
If your starting account balance is $100,000, your Max Daily Drawdown is $6,000. Therefore, if earlier on the day you lost $2,000, you will have room to lose the remaining $4,000 on the same day.
If your starting account balance is $100,000, your Max Daily Drawdown is $6,000. If you made $5,000 in Net Profit earlier on the day, you would have room to lose the $11,000 ($5,000 Profit + $6,000) on the same day. If your account balance or equity reaches -$11,000 in losses on that same day, then your account would get terminated due to breaching the Max Daily Drawdown Rule.
If your starting account balance is $100,000, your Max Daily Drawdown is $6,000, and earlier on the day, you made $3,000 in Net Profit. On the same day, you opened new trades, and you had floating positions with total current floating losses of $7,000.
In this instance, you won't be violating the Max Daily Drawdown Rule "Today" because you already made $3,000 earlier, and your total loss for the day is $10,000 (+$3,000 closed Net Profit +$7,000 floating losses), which did not exceed The Max Daily Drawdown value of $6,000.
However, if you leave those positions open until the next day (after midnight broker's time), then you will be violating the Max Daily Drawdown rule because you will end up with $7,000, which is more than the $6,000 threshold.
How the Max Absolute Drawdown is calculated?
- The Max Absolute Drawdown is a 10% Fixed loss from the initial balance for all Phases on any given day.
- The losses can never exceed the 10% loss of the Initial Account Balance.
Suppose you're starting on a $50,000 account, then the stop out level based on the 10% Fixed loss would be $50,000 – ($50,000 x 10%) = $45,000. So, you would not lose the account unless the account balance or equity reaches $45,000.
Can I get a entry?
No. we do not allow for a 2nd entry. Each participant is allowed to have only 1 account.
What is the spreads and commissions on the Competition?
The spread is 0.2 on EURUSD on average and the Commission is $9 per lot on forex and $0.9 per lot on Index.
The spread and commissions should be similar to the live trading environment to ensure success when winning in a live environment.
Can I use EAs in the competition?
No EAs are allowed as this is a World Cup competition to show the skill of traders and not their EAs. However, you can use tools, such as Risk Management Tools or indicators that you can use in your trading.
What happens if I don't trade the accounts in the competition?
in order to ensure the authenticity of the competition, each trader must have 1 account. If an account has not been traded within the first 2 weeks after the start of the competition, we will consider the account is a duplicate or inactive and we will disqualify the account automatically from the competition.