Fxify has announced its December monthly trading competition, offering traders the opportunity to win a share of a total $1 million prize pool. The contest is scheduled to begin "soon." Top prizes include a $400,000 Challenge Account for first place, $200,000 for second, and $100,000 for both third and fourth place winners. Prizes will be awarded down to the twelfth position, receiving a $10,000 Challenge Account. Key contest rules stipulate a 5% maximum daily drawdown (based on the previous day's balance) and a 10% maximum total drawdown (based on the initial balance). There is no minimum trading days requirement. Notably, the use of Expert Advisors (EAs) is not permitted in this competition.