v1.0.0-beta
Rules & Guidelines
Sim-Funded Competition
80% of every account fee go into the Competition Entry Fund. The remaining 20% cover administrative fees. ​​
Tenacity will host one Competition at a time with a minimum of $40,000 to start Competition. The Fund will grow as Traders buy into the Competition and reduce as profits are made. ​
EXAMPLE
Competition Entry Fund - Total Account Profits = Available For Payout
$40,000 - $8,000 = $32,000
Competition Entry Fund: 80% of every account fee
Total Account Profits: All positive balances in the Competition
Available For Payout: Funds available to earn
​
Traders are permitted up to 5 Competition Accounts at a time. Traders can buy into the Competition anytime. The Competition is ongoing until Equilibrium.
Equilibrium
Equilibrium means the Competition Entry Fund is equal to Total Account Profits and Available For Payout is $0.
​
EXAMPLE
Competition Entry Fund = Total Account Profits - Available For Payout
$40,000 = $40,000 - $0
​​​
At Equilibrium, the Competition is complete and there are two outcomes:
​
-
Account Balance(s) above $2,000: profits are transferred to a Live Funded Account.
​ ​
-
Account Balance(s) below $2,000: receive 90% of all account profits as a payout.
Competion Opt Out
Traders can opt out of the Competition once they have completed 5 profitable trading days with a minimum EOD PnL of +$100 per account. When Traders opt out the funds are deducted from Total Account Profits and there are two outcomes:
​​​
-
Account Balance(s) above $2,000: profits are transferred to a Live Funded Account.
​ ​
-
Account Balance(s) below $2,000: receive 90% of all account profits as a payout.​
Competition Outcomes
-
Account(s) reach maximum drawdown, Trader can rebuy into Competition.
-
Account(s) Opt Out, Trader can rebuy into Competition.
-
Equilibrium is reached and a new Competition will start when Fund is $40,000+.
-
Equilibrium is exceeded EOD, Account Balances are reduced proportionally.
Account Parameters
$50K Competition Account
-
Maximum Contracts: 1 Mini (10 micros)
-
Maximum Drawdown: $2,000 (Static)
-
Profitable Days to Opt Out: 5
-
One Time Fee: $200 $100 with coupon
Live Funded Account
-
Maximum Contracts: 2 Minis (20 micros)+
-
Contract limits increase with balance
-
-
Minimum Days to Payout: 5
-
Monthly Fee: CME Fee
Live Funded Account
Rules
-
Traders will control one Live Funded Account combining their total Competition Account Balances.
-
Traders ARE PERMITTED to purchase Competition Accounts after receiving a Live Funded Account.
-
Profits from future Competition Accounts are added to a Trader's Live Funded Account.
Payouts Requirements
-
A minimum of 5 Profitable Trading Days are required to qualify for the first payout.
-
A “Profitable Trading Day” is counted as an EOD PnL of +$100.
-
Subsequent payouts can be taken at anytime after first payout qualification, subject to a minimum of $500.
-
The Trader will receive 90% of the total amount requested per payout.
-
Payout request cannot be edited or canceled.​
Compliance
-
Hedging is STRICTLY PROHIBITED at all times.​
-
Tenacity Trading actively monitors all Traders and will notify you of any violations. ​​​​​​​​​​​​




