How to Build and Customize Your Own Trading Competition
In this guide, we’re diving deep into how you can set up your own competition on BullRush! Whether you are a trading influencer, broker, or just someone who wants to compete with friends, family, or your community, setting up your own competition is an incredible opportunity. Not only can you fully customize your event, but you can brand it to give it your own identity!
BYOC: Getting Started with BullRush
First, simply log into your dashboard. Then, go to the left toolbar and click on Competitions, then Build Your Own Competition. This will lead you to a page where you can see all other competitions that have been created, and you can begin your own.
In the top right corner of this page, click on the Build Your Own button. You will see a form with fields you can modify to make the competition just as you would like it. From start and end times to entry fees, and payout plan, you’re in charge of this territory!
Customization Options
- Competition Name: Start by giving your competition a name (e.g., “Test Competition”).
- Start Time & Date: Insert the starting time as per your timezone.
- Duration: You can insert pre-configured choices like 1 Hour, 4 Hours, 12 Hours, 1 Day, 1 Week, or 1 Month. As per our demo, we have a 12-hour competition.
- Registration: You may enable registration from the starting time or until the end time of the competition. In our example, I’ve decided to open up registration till the starting time.
- Public or Private: Choose if your competition is public (anyone can join) or private (limited access by a code). For a private competition, simply provide the participants with the code, and only those who have the code can join.
- Participants: Set the maximum number of participants, which works well for head-to-head competitions or small classes.
Setting the Balance and Limits
- Starting Balance: Choose your starting balance (e.g., 100,000).
- Draw Down Limits: Set daily and maximum drawdown limits to manage risk. For example, I’ve set a maximum drawdown of 10%, meaning participants will be disqualified if their account balance drops below 90,000.
Entry Fees
- Free or Paid: Select whether your competition is free or paid. Free competitions reward you with a 500 promo credits prize pool, and paid competitions allow you to charge an entry fee. You can even charge a commission of the entry fee to cover your expenses.
Choosing Products and Payouts
- Choose what products participants can trade in—options are forex, crypto, metals, oil, and indices.
- Set the payout structure. You can split the prize fund in percentages (e.g., 50% for 1st, 20% for 2nd, etc.).
Branding Your Competition
Brand your competition and make it uniquely yours by uploading:
- Competition Cards: Upload custom competition cards (make sure they are 498×286 pixels).
- Banners: Upload banners of varying sizes to support varying devices (desktop, tablet, mobile).
- Descriptions & Custom Rules: Upload custom descriptions and other rules to specify how the competition operates.
Once everything is set, hit Create. Your competition will be reviewed by the BullRush team within 30 to 60 minutes. Once approved, you’ll receive an email notification, and your competition will be ready to promote!
Tracking and Sharing Your Competition
Once your competition becomes live, it will appear in your My Competitions page. There you can see details like the number of participants, prize amount, and the competition status. You can also share the competition using individual URLs or send the private access code in case it’s a private competition.
Customizing Your Achievements Page
You can customize your Achievements Page, a public page showing all of your contests. This helps others see your contests and easily sign up.
Why BullRush?
BullRush offers a variety of groundbreaking features that allow easy and fun creation of competitions:
- Low Entry Fees: Begin at low cost.
- Instant Payouts: Pay winners in real-time.
- Gamified Experience: Notifications, certificates, and live leaderboards make it more fun.
- Virtual Capital: Test strategies without real money expenditure.
- Free Analytics: Employ highly efficient tools to refine strategies and improve performance.
- Competition Diversity: Create different types of challenges and tournaments based on your preference.
Ready to Launch Your Own Trading Competition?
It’s easy to build and host a trading competition with BullRush. Whether you’re an experienced trader or just starting out, you can have your contest be whatever you want it to be, participate in a community, and even earn passive income.
And that’s a wrap! Building your own contest on BullRush allows you to take control and customize and brand it your way. Should you have a question, we’re here with our customer support team.
Join BullRush today and start building your trading competition. Create. Compete. Conquer!
