Prop firm forTraders has announced the start of its new monthly competition, the August Clash. This event allows traders to participate completely free of charge and compete for a prize pool valued at $460,000 using a $100,000 tournament account.
Tournament Rules and Conditions
The competition is open to all users who wish to test their strategies in a competitive environment. The main operating conditions are:
- Account balance: $100,000
- Loss limit (Maximum Drawdown): 10%
- Entry fee: $0
Prize Pool Distribution
Prizes will be awarded to the top performers in the ranking at the end of the month, distributed as follows:
- 1st place: $100,000 account
- 2nd and 3rd place: $50,000 accounts
- 4th to 6th place: $25,000 accounts
- 7th to 10th place: $15,000 accounts
- 11th to 20th place: $6,000 challenges
Additional Giveaways
In addition to performance-based prizes, forTraders has set up a reward system for participants who finish outside the Top 20. 10 challenges of $6,000 each will be randomly drawn among the traders who participated in the tournament.
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