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
Trading tournament platforms use tiered KYC. Tier 0 for signup, Tier 1 for small prizes, Tier 2 for four-figure payouts, Tier 3 for institutional-level withdrawals.
Lock-up periods on tournament prizes — what they mean
A lock-up period forces winners to keep tournament prizes on the platform for a set time before withdrawal. Common on crypto exchange contests.
Profit split in prop-firm evaluations: 80%, 90%, scaling
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.