Halcyon Trader Funding Launches Halcyon Arena: Session-Based Futures Competitions
Halcyon Trader Funding Launches Halcyon Arena: Session-Based Futures Competitions
Halcyon Trader Funding has introduced Halcyon Arena, a new competition format designed for futures traders that operates on a daily basis. These tournaments cover a single market session, from open to close, allowing traders to compete for positions on a leaderboard based on performance.
Access and Account Specifications
To participate in the Arena, users must have an active account with the firm, either an evaluation or a rewards account. The entry fee is $41 when using affiliate codes or the HTF code. New users without an account can purchase a $25,000 Lite evaluation for an additional cost.
Each participant receives a $100,000 simulated account with the following technical conditions:
- Static Drawdown: $4,000.
- Contract Limits: 10 mini or 100 micro contracts.
- Instruments: Futures included in Halcyon's official list.
The account allows for resets during the session but expires at market close. To participate in a subsequent session, a new entry must be purchased.
Leaderboard and Prize Distribution
The prize pool is funded by entries and resets. Traders who finish within the top 10% of the leaderboard based on net profit (P&L) will receive rewards. In the event of a tie for the last paid position, the system prioritizes the lower entry number.
Payout Procedure
Payouts are managed automatically through the Rise platform. Winners receive an invitation at the end of the session and must complete compliance requirements, including signing the PSA and identity verification (KYC). Although the firm promotes the possibility of same-day payouts, actual processing depends on the validation of these requirements and potential manual checks.
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