Reference articles
Reference and definitions for trading-tournament terminology — ROI, drawdown rules, KYC tiers, profit splits, lock-up periods.
Drawdown rules in trading tournaments — daily, total, trailing
A drawdown limit caps the loss a tournament will tolerate before disqualifying you. Daily, total, trailing — each rule type changes acceptable strategy and survival probability.
KYC tiers in trading tournaments — what each level requires
Most platforms operate tiered KYC, with higher prize amounts requiring deeper verification.
Lock-up periods on tournament prizes — what they mean
A lock-up period forces the trader to keep the prize on the platform for a set time before withdrawal.
Profit split in prop-firm evaluations — what 80%, 90%, scaling actually mean
A 90% profit split sounds great until you read what fraction of profits actually qualify, what the scaling tier requires.
Settlement currency — what your tournament prize is paid in
A "$50,000 prize pool" doesn't always pay $50,000 in dollars. Prizes settle in USDT, platform tokens, or bonus credit — each shifts the real value of a tournament win.
Volume multiplier requirements on tournament prizes
Many CEX tournament prizes carry a volume-multiplier withdrawal requirement — your $10,000 prize is locked until you trade $50,000 (5×) of additional volume on the platform.