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What are the rules for Rocket 21 Competitions?
What are the rules for Rocket 21 Competitions?

Learn the rules you need to follow to avoid being disqualified from competitions

Updated over a week ago

Please Note: We will not be organizing Competitions in the month of March, 2024.

Overview

Our competitions at Rocket 21 are open to anyone who wishes to participate. The following rules apply to each competition. Breaching any of these rules will immediately disqualify competition participants.

  • You may only have one registered account through one email address and one IP address; if you register multiple accounts you will be immediately disqualified.

  • Virtual 5% Max Daily Drawdown, this is calculated based on the initial balance. For a $100k demo account, the virtual daily drawdown will always be $5k. This is then subtracted from the daily starting virtual balance or simulated equity (whichever is higher) at the start of a new day at 5 p.m. EST.

  • Virtual 10% Max Total Drawdown based on the initial demo account starting balance

  • 5 Minimum simulated Trading Days.

  • No taking advantage of unrealistic fills in the demo environment.

  • EA's are not allowed.

Lot Size Limits

  • A maximum of 5 lots for Forex pairs.

  • A maximum of 3 lots for Indices.

  • A maximum of 3 lots for Crypto and Commodities.

  • The maximum number of open simulated positions at any given time is 5.

Please note that engaging in trading from within sanctioned countries will result in an immediate breach, and any simulated profits will be deducted without exception.

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