RankTrade
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Every question, in plain English.

The mechanic is new for most people. We'd rather you spend your time trading than figuring out how the platform works, so here's the long version of how everything fits together. Click any question to expand.

The basics

Start here if this is your first time on the site. The mechanic is new to most people; it's quick to explain.

What is RankTrade?

RankTrade is a competitive trading simulator. You join a match, pay an entry fee, and trade live market prices for the duration. Everyone in your match starts with the same virtual equity. When the clock runs out, the trader with the highest % return takes the biggest share of the prize pool — provided they finished above their starting equity. No profit, no prize.

Think poker tournament — but the game is reading the market instead of reading the players.

Is the trading real or simulated?

The prices are real (live feeds from Binance for crypto and Twelve Data for FX, indices, commodities). The positions are simulated — they don't touch any broker, exchange, or your real bank account. Your money in markets is zero; your only exposure is the entry fee you pay to join.

Is this gambling?

No. Gambling pays out on outcomes you can't influence — roulette, slots, sports you're not playing in. RankTrade pays out on your performance: every player has the same starting equity, the same window, the same access to the same markets. Whoever trades better wins.

That said, if you trade carelessly you can still lose your entry. We're a skill-based competition, not a guaranteed return.

Do I need a brokerage account?

No. You play through your RankTrade wallet. There's no broker hand-off, no margin agreement, no KYC paperwork just to test your edge.

Why would I play instead of just trading my own broker?

Three reasons most players come for:

  • Capped downside. Your worst day is the entry fee. A blown account doesn't reach your bank.
  • Skill measurement. Every player starts equal, so your rank reflects your decisions, not your bankroll.
  • Time-boxed. A match ends. You get a result, a leaderboard placement, and you're done. No open-ended "should I close this position".

Wallet & funds

How money moves in and out, and the difference between balance you can withdraw and credit you can only spend on entries.

How do I add funds to my wallet?

Go to Wallet and click "Add funds". While we're in beta we're using a developer top-up form with preset amounts. Production payment rails (Stripe, on-ramp partners) ship before public launch.

What's the difference between withdrawable balance and entry credit?

Two buckets, one wallet:

  • Withdrawable balance — money you deposited plus prizes you've won. You can withdraw this any time, or use it to enter matches.
  • Entry credit — bonus credit (loyalty points redemption, promotions, partner rewards). It only spends on competition entries; you can't cash it out.

When you join a match, entry credit is used first; once it's depleted we draw from your withdrawable balance.

When is the entry fee charged?

The moment you click "Join" on a competition. The charge is atomic with provisioning your match account — if for any reason the join fails, the debit rolls back.

Can I withdraw my prize money?

Yes — prize payouts land in your withdrawable balance. Withdrawal rails are the same as deposit rails; in beta this means a manual ops process, in production an automated payout partner.

What happens to my entry fee if the match cancels?

Full refund to the wallet bucket it came from, automatic. Cancellations are rare — the schedule is designed so matches launch on time — but when one happens you don't need to ask: the refund is already there.

Is there a house fee?

Yes. 10% of every prize pool. The remaining 90% is what the winners split. We surface the house fee on every competition card so you always know what you're competing for.

Competitions

How the catalog is organised and how players are matched into rooms.

What competition formats are there?

Two product lines, three cadences each:

  • Open — all markets unlocked (crypto, FX, indices, commodities, stocks). Premium stakes. Hourly $25, Daily $100, Weekly $1,000.
  • Crypto Cup — crypto only. Faster pace, lower stakes. Hourly $10, Daily $25, Weekly $100.

Plus a Developer testing format that's free to enter and runs every 3 minutes, for end-to-end checks.

How are players matched into rooms?

You join a template, not a specific room. Each template runs on its cadence (e.g. Open Daily fires once every 24 hours). When you click Join we put you in the soonest room with a seat free.

If the room fills before the match starts, the system transparently opens a parallel room at the same start time. From your perspective it's just "the next Open Daily" — you never have to pick a room number, and you never see traders from other rooms in your leaderboard.

Will my match always launch on time?

Yes — once the start time arrives the room launches with a full field. The schedule is the schedule, and the prize pool stays the size you saw when you joined.

How is the prize pool calculated?

Every match has fixed seats, so the pool is deterministic: pool = seats × entry × (1 − 10%). For an Open Weekly with 10 seats at $1,000, that's $9,000 to be split among the top 3.

How are top finishers paid?

Two prize structures depending on the format:

  • Winner takes (small fields) — first place takes the entire net pool. Used in the Hourly Crypto Cup (4 seats).
  • Top 3 split 50/20/10 — used everywhere else. So an Open Weekly pays $4,500 / $1,800 / $900 from a $9,000 pool.

In both cases, a paid slot is only paid if that finisher closed above their starting equity. End the match in the red and the slot stays unclaimed.

What about ties?

Final equity is tracked to the cent. True ties at the cent level are rare; when they happen, the participant who hit their peak equity first ranks higher.

Trading mechanics

The execution model is intentionally simple but realistic enough that real-trading intuition transfers.

What markets can I trade in a match?

Depends on the lane:

  • Open matches unlock everything: crypto, FX, indices, commodities, metals.
  • Crypto Cup matches restrict the symbol list to crypto only.

Inside each lane you trade the same instruments other traders are trading at the same live prices.

Can I use leverage?

Yes. Maximum leverage varies by instrument — crypto goes up to 100×, FX up to 30×, equities lower. The leverage cap for each symbol is shown in the order panel before you commit.

How do stop-loss and take-profit work?

You set them when opening (or edit them on an open position). When the live price crosses your trigger, the position closes at the next available market price. SL/TP are real triggers evaluated tick by tick — not hopeful suggestions.

What's a liquidation?

When floating losses on a position consume your margin, the position auto-closes to protect the account. The liquidation level depends on the symbol's maintenance margin requirement; you'll see it on the position card before opening.

Are there commissions or spreads?

We use bid/ask spreads from the live feed — entries cross the spread the same way a real broker would charge it. No separate commission on top of that. Funding/swap fees for perps come out hourly while the position is open.

Can I hold long and short on the same instrument at once?

Each open position is independent. You can stack multiple longs, multiple shorts, or both. Margin is consumed per position; the engine tracks them separately.

Settlement & prizes

What happens at the end of the window, and where the money lands.

When does my match settle?

The instant ends_at hits. The settlement loop picks up the match within seconds: every open position closes at the current mark price, the final equity is computed, and the leaderboard is frozen.

How is my final rank determined?

By % return on starting equity, highest first. Liquidated and disqualified participants rank below everyone still active, ordered by exit time.

When does the prize hit my wallet?

Right after the rank is computed. Settlement and payout happen in the same atomic step — no manual ops queue. You should see the credit on your wallet ledger before you finish reading this sentence.

Do I have to finish in profit to collect a prize?

Yes. You must close the session above your starting equity to collect, even if your rank would otherwise pay. Rank #1 with a negative return walks away with no prize — same for rank #2 and #3 in fixed-split formats. The rule is "beat your starting equity to cash out", not "lose less than everyone else".

What if nobody finishes positive?

Then nobody collects, and the prize pool stays with the platform. The pool was funded by entries already paid, so nobody is paid out of pocket either way — we just don't reward losing sessions. If the top three all close underwater in a fixed-split format, all three slots stay unclaimed.

If rank #1 finishes negative, does rank #2 get promoted?

No. The forfeit is per-slot, not per-prize. If you finished rank #2 with a positive return, you still get the rank-2 split — you don't get bumped up to the rank-1 amount just because the winner ended down. That slot simply stays unclaimed.

Rewards & loyalty

Free credit you earn for doing things that help us grow. Spendable on entries, not withdrawable.

How do I earn points?

One-shot actions like verifying your email, making your first deposit, following us on social. Plus milestone actions — first competition entry, first win, etc. See the live list on the Rewards page.

What can I spend points on?

Convert points to entry credit (100 points = $1) and use it to join competitions. Points don't expire while your account is active.

Can I cash points out?

No. Points are loyalty rewards — they convert to entry credit only. They can't be withdrawn as money. This is intentional: it keeps the rewards program lean and means we can be generous with the points.

Safety & disclosures

Important notes about what RankTrade is and isn't.

Is RankTrade a broker?

No. We're a competition platform — your positions are simulated, no real markets are touched on your behalf. We don't offer brokerage services and shouldn't be mistaken for one.

Is this financial advice?

No. Nothing on the platform is investment advice. Past competition results aren't predictive of future trading performance — yours or anyone else's.

What about responsible play?

Entry fees can add up. We treat the platform as entertainment-grade competition; set a budget and respect it. If competitive trading stops being fun, take a break — your account doesn't go anywhere.

I have a problem with my account or a match

Email support@ranktrade.io with the relevant competition ID (the long string in the URL of the match page). We aim to reply within 24 hours.

I found a bug

Thank you. Email support@ranktrade.io with a description of what you saw and what you expected. If it's an exploit (you can do something you shouldn't be able to), please don't broadcast it — we'll fix it quickly and credit your account.

Question we didn't answer?

Email support@ranktrade.io and we'll reply within a day. If it's common, it'll end up on this page.