Competition Rules
These Competition Rules (hereinafter - "Rules") are issued by GTT Technologies Limited, a private company limited by shares incorporated under the laws of the British Virgin Islands with its registered office at Intershore Chambers, Road Town, Tortola, British Virgin Islands, registered under number: 2180362 (hereinafter - “GTT”, “Company”, “we”, “our” or “us”), and govern participation in trading tournaments and similar competitive events offered through the online platform GTT available at https://gtt.trade (hereinafter - "Platform").
These Rules apply to all registered Users who participate in Tournaments, Challenges, or other competitions hosted on the Platform (hereinafter - “User”, “you”, “your”, "Participant").
By accessing or participating in any Tournament, the Participant confirms that they have read, understood, and agreed to be bound by these Rules, the Platform’s Terms of Use Agreement, the Privacy Policy, other applicable documentation, and any specific terms applicable to individual Tournaments
These Rules govern participation in all trading Tournaments, Challenges, and competitive events (hereinafter collectively - “Tournaments”) made available on the Platform. Specific terms and conditions applicable to each Tournament, such as the prize structure, entry fees, duration, eligible markets, scoring algorithm, and any other game-specific mechanics, are published on the Platform in advance of the Tournament’s commencement.
The rules governing each Tournament consist of:
- these general Rules, and
- the specific terms, conditions, and descriptions displayed on the Website in connection with each individual Tournament (hereinafter - the “Tournament Terms”).
The Tournament Terms supplement and elaborate on the core provisions set out in these Rules, providing event-specific details such as eligibility criteria, schedule, scoring methods, prize structure, and any additional requirements or limitations.
In the event of any inconsistency between these Rules and the Tournament Terms, the Tournament Terms shall prevail for that specific event.
If you do not understand certain definitions, you can familiarize yourself with them in the relevant documents available on the Platform, such as the Privacy Policy and Terms of Use Agreement.
1. Tournaments format
The Platform currently supports two distinct types of Tournament formats:
- Single Elimination Tournaments (bracket-style, 1v1) (hereinafter - “1v1”); and
- Points-Based Tournaments (non-bracket competitions, where the winner is determined by highest virtual balance at the end of the tournament period).
Single Elimination Tournaments
Each Tournament consists of the following structural components:
At the beginning of the Tournament, all registered Participants are randomly paired into 1v1 matchups. The pairings may be displayed in a bracket-style visual interface. Each matchup constitutes a single round, during which both Participants must execute trades using the Platform's simulated trading environment.
The winner of each pair is determined based on the predefined performance metric. Only the winner advances to the next round; the other Participant is eliminated. This process repeats across multiple elimination rounds until only one Participant remains - the Tournament Champion.
Each round is time-bound and lasts for a specific period of time mentioned in tournament rules. All trading activity for a given matchup must be completed within this period. The total number of rounds depends on the number of Participants.
Each Participant is provided with an identical virtual trading balance (e.g., $100,000) at the beginning of each round. Trades are executed in a simulated environment, using real-time market data. No real funds are used or at risk during the competition. All outcomes are virtual but based on actual market conditions.
The Platform calculates and compares performance at the end of each round. Victory criteria may vary between Tournaments and are disclosed in the Tournament-specific Rules. In case of a tie, secondary metrics may be applied (e.g., lowest drawdown, number of trades, time of achieving return). If a Participant violates Tournament Rules (e.g., exceeds permitted drawdown or uses multiple accounts), the match may be voided or awarded to the opponent.
The complete tournament bracket is displayed and updated in real-time as the competition progresses. Participants can view their past and upcoming matchups, opponent usernames, and scheduled round timing via the Platform interface. When the bracket is generated and locked before Round 1, no new entries are allowed, and changes to the matchups are generally not permitted unless due to technical or disciplinary reasons.
If a Participant fails to enter any trades during their round, they may be considered as having forfeited the match. In the event of technical difficulties, the Platform reserves the right to take the appropriate actions described in Section 12 of these Rules. If an odd number of Participants are registered, the Platform may assign a “bye” in early rounds, allowing a Participant to automatically advance to the next round without competition.
Points-Based Tournaments
In Points-Based Tournaments, there are no elimination rounds or 1v1 matchups. Instead, all Participants compete independently over the same predefined time period. The goal is to achieve the highest virtual portfolio balance by the end of the Tournament.
Key features of Points-Based Tournaments:
All Participants begin with the same virtual balance (e.g., $100,000), and trade simultaneously in a shared simulated market environment.
Rankings are determined solely by the final portfolio value. The Participant with the highest balance at the conclusion of the Tournament is declared the winner.
Leaderboard-style interfaces display live rankings throughout the competition. Tiebreakers, if applicable, may follow predefined criteria such as lowest drawdown or earliest achievement of return.
These Tournaments may allow more flexible participation windows and can accommodate a large number of simultaneous Participants.
No bracket or elimination logic applies; all Users remain active until the Tournament concludes unless disqualified.
2. Registration and entry
Participation in a Tournament is open exclusively to Users who meet the Platform’s eligibility criteria and complete the registration process prior to the commencement of the first round.
Tournament registration is open for a limited period prior to the start of Round 1. The cut-off time for registration is clearly stated on the Tournament details page and is typically set a few hours before the first phase begins. Once the tournament bracket is locked and published, no additional entries are permitted, regardless of availability.
To enter a Tournament, Users must pay a non-refundable Entry Fee, denominated in the Platform’s internal currency (hereinafter - “Coins”). Entry is only considered confirmed once the appropriate amount of Coins has been successfully deducted from the User’s balance. Coins used for entry are considered spent and will not be returned unless explicitly provided for in the Refund Policy (e.g., technical fault, duplicate charge).
Only registered Users with a valid Platform account may enter a Tournament. Users must have sufficient Coins in their account at the time of entry. No partial payments or reservations are allowed.
By registering for a Tournament, Users agree to comply with these Tournament Rules, the Platform’s Terms of Use Agreement, any Tournament-specific conditions outlined on the detail page, and any other policies and documentation available on the Platform.
Once registration closes and the Tournament bracket is generated:
- pairings are fixed, and matchups are published in the bracket interface;
- no substitutions, late entries, or changes to the Participant list are allowed;
- any User who fails to appear or does not participate in Round 1 may be disqualified without refund.
If the number of registered Participants is below the minimum threshold required for the Tournament to proceed (as determined by GTT), the Company reserves the right to either cancel the Tournament and refund all entry fees, or proceed with modified conditions (e.g., adjusted structure, prize pool, or number of rounds). Such decisions are made at GTT’s sole discretion and will be communicated to Participants prior to the start of the Tournament.
While identity verification (hereinafter - “KYC”) is not mandatory for Tournament entry, Participants must complete KYC procedures prior to any prize withdrawal. KYC/AML checks include identity document verification and live selfie, in accordance with the Platform’s AML/CFT Policy. Users who fail to pass KYC upon winning will be ineligible to receive prizes, and their standings may be forfeited or reassigned at the Company’s discretion.
3. Pairing and bracket logic
Each Tournament on the Platform follows a single-elimination bracket format, where Participants compete in direct, head-to-head matches, and the winner of each match progresses to the next round. The logic behind bracket generation, visualisation, and progression is as follows:
Once registration closes, the Platform automatically generates the Tournament bracket using either random pairing, or seeding logic (based on past performance, ranking, or other criteria disclosed in the Tournament overview). The finalised bracket is published on the Tournament page prior to the start of Round 1 and is visible to all Participants.
Each Participant is matched against one direct opponent per round. The winner of the match advances to the next round; the other is eliminated. This process repeats over a series of rounds until a final winner is determined. Each round lasts one calendar day (or another period defined in the Tournament rules).
If the number of registered Participants is not a power of two (e.g., 30 instead of 32), the Platform may assign a "bye" to one or more Participants in the first round. A bye means automatic advancement to the next round without a match, ensuring the bracket remains balanced. The assignment of byes is either random or based on seeding logic, as specified in the Tournament description.
The full bracket tree is available on the Tournament page in a graphical format. This display includes all current and past matchups, match outcomes (e.g., winner indicated, performance metric shown), upcoming pairings in the next round. The bracket is updated in real time after the conclusion of each round to reflect Participant progression.
In the event of a technical failure or participant disqualification, the Platform may reassign pairings, issue automatic advancement to an unopposed Participant, recalculate the bracket if fair competition is otherwise compromised. All such actions are taken at the sole discretion of the Company to ensure tournament integrity.
4. Trading mechanics
All trading within the Tournament takes place in a simulated environment designed to reflect real-market conditions while ensuring fairness and transparency for all Participants. The mechanics of trading during each match are governed by the following principles:
Each Participant begins the round with an identical virtual trading balance (e.g., $100,000), which has no real-world value and is used solely within the Platform's competition environment. Trading is conducted in a simulated environment that mirrors live financial markets through the use of real-time market data from verified sources. There is no risk of loss of real funds, and no real trades are executed on external markets.
All trades must be executed exclusively via the Platform’s integrated trading interface. Use of external tools, scripts, trading bots, or APIs is strictly prohibited unless explicitly authorised by the Platform for special events. Trades placed outside the Platform or using unauthorised methods are invalid and may lead to disqualification (for more details see Section 11 of these Rules).
Participants in the same head-to-head match always trade under identical conditions, including: starting virtual balance; list of available trading instruments; leverage settings, if applicable; trading hours and round duration.
Each round corresponds to a fixed 24-hour window (unless otherwise specified). Participants must initiate and complete all trades within that window. Any trades not closed before the round ends will be treated according to the Tournament’s open-position policy (e.g., marked to market at closing price, or ignored).
The Platform may implement risk control parameters, including: maximum allowed drawdown (e.g., -10% rule for automatic disqualification); daily loss limits; maximum open positions; instrument-specific limits. These controls are enforced in real time to promote responsible competition and preserve tournament fairness.
All trading activity is automatically logged and monitored for integrity. Trades may be reviewed post-round to detect manipulation, collusion, or prohibited behavior. Any suspicious behavior may result in temporary suspension, score nullification, or disqualification at the Platform’s discretion.
5. Elimination and victory criteria
A Participant is eliminated from the Tournament round if:
- their performance result is lower than their opponent’s, based on the primary evaluation metric defined for the Tournament; or
- they are disqualified due to a rule violation, such as exceeding the maximum allowed drawdown (e.g., -10%), using prohibited tools, engaging in manipulative behavior, or breaching any provision of the Tournament Rules, these Rules (see Section 11 of these Rules) or the Platform’s Terms of Use Agreement.
The criteria used to determine the winner of a match may vary from one Tournament to another. Common metrics include, but are not limited to: highest return percentage, best risk-adjusted performance, most consistent trading results. The specific victory metric for each Tournament or round is disclosed in the corresponding Rules section of that Tournament’s detail page.
In the event of a tie (where two or more Participants achieve identical results based on the main evaluation metric), the Platform will consider additional performance indicators—such as higher win rate, total profit, lower drawdown, fewer trades, or earlier achievement of the result—to determine relative ranking. The specific tie-breaking method and its application shall be outlined in the applicable Tournament Rules.
However, in tournaments where multiple Participants are ranked equally in first place after applying all applicable rules, the corresponding prize for that position shall be equally divided among them, unless otherwise specified in the Tournament details. All decisions regarding tie-breaking and prize allocation are made at the sole discretion of the Platform and are final.
The Platform reserves the right to audit and verify match results, especially in cases of suspected rule violations or anomalous behavior. Any findings from such audits may result in disqualification or adjustment of results, including retroactive elimination.
6. Tournament interface
Each Tournament on the Platform has a dedicated Tournament Page that serves as the central hub for all relevant information. This page is structured into the following key tabs:
- Overview. This section presents a general summary of the Tournament, including: the Tournament name and format; start and end dates; the total prize pool and its distribution format; the Entry Fee (in Coins); key participation conditions, such as starting balance, permitted assets, and round durations. It also provides real-time updates on the Tournament status and access to the bracket tree.
- Rules. The Rules tab outlines all specific rules applicable to that particular Tournament. These may vary across different Tournaments and typically include: the primary victory metric; additional tie-breaker criteria; loss thresholds; permitted or restricted trading actions; penalties for disqualification or misconduct. Participants are required to review and comply with these specific rules in addition to these Rules.
- Prizes. This section provides a clear breakdown of the prize structure, including: which positions or rounds are eligible for rewards (e.g., Champion, Finalist, Semifinalist); the amount of Coins awarded to each position; any eligibility requirements (e.g., minimum number of trades, successful KYC verification); the timeline for prize distribution. All prizes are pre-announced and are subject to verification before disbursement.
- Participants. The Participants tab displays: a list of all confirmed Tournament entrants with usernames; the current bracket pairings, showing which Participants are matched in each round; results of completed matches; progression of each Participant through the elimination rounds. This section may also include search or filter functionality and is updated in real time as rounds conclude and new matchups are formed.
7. Leaderboards
The Platform features two distinct types of leaderboards to track and display user performance - the Tournament-specific leaderboard and the Global leaderboard. Each serves a different purpose and provides participants with transparent insights into their competitive standing.
- Tournament-specific leaderboard. Each Tournament has its own dedicated Tournament-specific leaderboard, which displays the real-time performance of Participants within that specific competition. Displayed per tournament in the “Participants” tab of the Tournament page and shows: place (ranking in the tournament), username, current prize eligibility (if any). Such Tournament-specific leaderboards are useful for the following purposes:
a) Updated live or at fixed intervals throughout the Tournament. Reflects rankings based on the official evaluation criteria for that Tournament.
b) Used to determine prize distribution and progression in bracket format (e.g., who advances or is eliminated).
c) This leaderboard is reset for every new Tournament and includes only registered and confirmed Participants.
- Global leaderboard. The Global leaderboard tracks each Participant’s overall performance across all completed tournaments on the Platform. It is accessible from the main “Leaderboard” tab in the sidebar. Displayed metrics:
a) Rank – overall standing among all Users.
b) Trader – user’s display name.
c) Rank change – shows up/down arrows and position shift since the last update.
d) Tournaments – total number of tournaments entered.
e) Top 10s – number of top-10 finishes.
f) Tournaments Won – number of first-place wins.
g) Total Prizes Won – sum of all prize Coins awarded.
This leaderboard provides a long-term view of user activity and achievements and is intended to foster transparency, recognition, and competitive engagement.
Both leaderboards are independent but complementary. The Tournament leaderboard determines outcomes within a specific event, while the Global leaderboard reflects a trader’s overall success and consistency across the entire Platform.
Both leaderboards are subject to moderation and may be adjusted by the Company in case of detected anomalies, rule violations, or integrity concerns.
8. KYC and prize withdrawal
To claim any Tournament prize, Participants must successfully complete the Platform’s KYC process. This verification ensures compliance with applicable Anti-Money Laundering (hereinafter - “AML”) and Counter-Terrorist Financing (hereinafter - “CTF”) regulations and is mandatory before any withdrawal of funds.
Participants must provide the following: government-issued identification document (passport, national ID card, or driver’s license); live biometric verification (e.g., face scan or video liveness check). Verification is conducted via secure third-party providers and may include sanctions and PEP screening. Users will be notified via the Platform interface once KYC is required or pending.
Tournament prizes are credited in Coins to the Participant’s Platform Wallet upon result validation. Coins can be used in two ways:
- re-entry into future Tournaments, by paying Entry Fees using the Coin balance;
- conversion and withdrawal as cryptoassets, subject to successful KYC and any applicable AML procedures.
Withdrawal is only available to verified accounts and is subject to review. The Company may request additional documentation or delay processing if suspicious activity is detected or regulatory obligations require further checks.
Failure to complete KYC within a reasonable period after prize notification may result in freezing of Coin balance pending verification, forfeiture of the prize after a defined non-compliance period, temporary or permanent restriction from participating in future Tournaments.
The Company reserves the right to amend KYC requirements based on jurisdictional obligations or risk-based factors. All KYC data is handled in accordance with the Platform’s Privacy Policy and applicable data protection laws. For more details we encourage you to familiarize yourself with our AML/CFT Policy.
9. User profile and Tournament page
Each registered Participant has access to a Personal Profile Page on the Platform, which provides a comprehensive record of their tournament activity and performance metrics. This includes statistics such as the number of tournaments entered, win rate, total prizes won (in Coins), average return on trades, and average placement. The Profile Page also displays the Participant’s current rank on the Platform-wide leaderboard and the number of top-10 or first-place finishes.
In addition to summary metrics, the Profile Page lists all past and active Tournaments the Participant has joined, along with key details including participation dates, number of winning and losing trades, final standing, and any prizes earned. A "View Details" option allows Participants to explore individual tournament performance in greater depth.
This feature is intended to promote transparency, reward consistency, and foster community engagement by allowing Participants to build a verified track record of their competitive trading performance.
The Tournaments Page displays all upcoming and ongoing trading Tournaments available on the Platform. Users can click "View Details" to access specific rules, prize distribution, and join options for a selected Tournament. Tournaments are grouped into categories such as "Starting Soon" and "Active", with badges indicating their current status.
This page serves as the central hub for engaging in competitive events on the Platform.
Only Users with a sufficient Coin balance may enter a Tournament. Coins serve as the internal currency of the Platform and are required to pay the Entry Fee. A Tournament entry is considered confirmed only after the corresponding Entry Fee has been deducted from the User’s Coin balance. Entry Fees are deducted automatically once the User selects "Join Tournament" and confirms participation.
Once the entry is confirmed, the Coins used are considered spent and are non-refundable, except as explicitly stated in the Platform’s Refund Policy (e.g., in the event of duplicate charges or technical disruptions prior to Tournament commencement).
Both pages are available only for registered Users.
10. Prohibited conduct
To ensure fair competition and preserve the integrity of the Platform, Participants must comply with all Rules, Terms of Use Agreement, other documentation and policies on the Platform, and Applicable Laws. Any attempt to manipulate, exploit, or undermine the functionality or fairness of Tournaments is strictly prohibited.
The following table outlines specific categories of prohibited conduct, examples of violations, and possible sanctions:
| Category | Examples | Potential consequences |
|---|---|---|
| Market manipulation | Coordinated trading between multiple Users (or controlled Accounts) to artificially influence leaderboard rankings — for example, executing matching trades to simulate profitable activity or reduce drawdown in a non-competitive manner. | Disqualification, prize forfeiture, suspension or permanent ban |
| Multi-accounting | Registering multiple accounts to gain unfair advantage or influence rankings. | Disqualification from all affected Tournaments, account termination |
| Collusion | Coordinating trades or outcomes with other Participants to manipulate rankings or bracket outcomes. | Prize nullification, permanent ban of all involved accounts |
| Automated trading bots | Use of external scripts, bots, or automation tools during Tournaments without written Platform approval. | Instant disqualification, temporary or permanent suspension |
| Identity fraud | Providing false identity documents or impersonating another user during KYC. | KYC rejection, account suspension, prize denial, law enforcement referral |
| Platform exploitation | Attempting to exploit bugs or vulnerabilities in trading logic, UI, APIs, or ranking systems. | Suspension pending investigation, prize freezing, access restrictions |
| Abusive behaviour | Harassment, threats, hate speech, or abusive messaging within user chats or support systems. | Temporary ban, chat restrictions, permanent suspension (for repeated offences) |
| Violation of Tournament Rules | Breach of rules specific to a given Tournament. | Score nullification, disqualification, temporary restrictions |
| Withdrawal evasion | Attempting to circumvent withdrawal KYC or AML requirements (e.g., via proxies or forged documents). | Delay or refusal of withdrawal, investigation, account flagging |
| Inactivity or abandonment | Failure to place any trades after entering a Tournament (ghost entries). | Entry Fee forfeiture, exclusion from future events |
We emphasize that the types and variations of prohibited conduct are not exhaustive and are not limited to those listed in this table. The Company reserves the right to decide in each situation the nature of the behavior and whether it is prohibited or unacceptable.
11. Sanctions and disqualification
The Company is committed to ensuring fair play, competitive integrity, and compliance with Platform Rules. Participants who breach the Tournament Rules, Terms of Use Agreement, or any Applicable Law or policy may be subject to sanctions, including disqualification and loss of eligibility for prizes.
Depending on the nature and severity of the violation, the Company may impose one or more of the following sanctions:
- Immediate disqualification: removal from the current Tournament and invalidation of all results and rankings.
- Prize forfeiture: reversal or withholding of any Coins awarded or pending payout.
- Account actions: temporary suspension of access to the Platform; freezing of wallet balances or prize credits pending investigation; permanent account termination in case of repeated or severe violations.
- Leaderboard adjustment: if a disqualified user affected the integrity of the Tournament, the Company reserves the right to recalculate rankings and adjust prize allocations accordingly.
- Reporting to authorities:: where legally required or appropriate (e.g., fraud, AML/CFT breaches), the Company may report violations to competent authorities.
Where feasible, the Participant will be notified of the violation and given an opportunity to respond. However, in urgent or clear-cut cases (e.g., bot usage or identity fraud), the Company may apply immediate sanctions without prior notice.
The Company’s decision in matters of disqualification and sanctioning is final and not subject to appeal, unless explicitly stated otherwise in the Tournament-specific rules.
12. Technical problems during Tournaments
To ensure a fair and transparent competitive environment, the Company sets out the following rules regarding technical issues and disruptions that may arise during Tournaments.
The Company aims to maintain uninterrupted access to the Platform and its Tournament functionalities. However, Participants acknowledge that temporary downtime, degraded performance, or errors may occur due to server maintenance, third-party exchange issues, or unexpected system failures.
In the event of a critical technical failure that materially impacts Tournament functionality (e.g., inability to execute trades, data desynchronization, leaderboard freezing), the Company may take one or more of the following actions:
- temporarily pause or reschedule the Tournament;
- extend the Tournament duration to compensate for lost time;
- revert the Tournament state to a prior valid backup;
- cancel the Tournament and refund Entry Fees to affected Participants (at the Company’s discretion);
- apply other corrective measures to ensure fairness.
Participants are responsible for maintaining their own device functionality, internet connection, and access to the Platform. The Company shall not be liable for missed opportunities, lost progress, or failed trades due to Internet disconnections, device errors or software incompatibility, browser or session timeout, User error or delayed action.
The Platform relies on third-party market data feeds. Minor delays or discrepancies may occur and are not grounds for contesting results unless they constitute a material malfunction demonstrably caused by the Company.
Any technical problems encountered must be reported to the Company within 24 hours via the official support channel - support@gtt.trade. Delayed or unsupported claims may be disregarded.
The Company reserves full discretion to assess reported issues and determine whether adjustments, disqualifications, or Tournament resets are warranted. The Company’s decision in such matters shall be final and binding.
13. Final interpretation
The Company retains the exclusive right to:
- interpret and apply these Rules and all Tournament-specific conditions;
- determine whether a particular user action constitutes a violation;
- resolve any ambiguity, omission, or unforeseen situation not explicitly covered by these Rules;
- make final decisions on scoring, disqualification, prize distribution, or user eligibility.
All decisions made by the Company under these Rules shall be final, binding, and not subject to appeal, unless otherwise stated in specific Tournament terms.
14. Amendments to these Rules
The Company reserves the right to amend, update, or supplement these Rules at its sole discretion and at any time. In the event of material changes that may affect ongoing or upcoming Tournaments, a notice will be published via the Platform or communicated to Users through appropriate channels (e.g., email, in-app notifications).
Any amendments shall take effect upon publication, unless a later effective date is specified.
Participants are encouraged to regularly review the Rules to stay informed of any updates or procedural clarifications.
15. Contact Information
If you have any questions, concerns, or requests regarding these Rules, you may contact us at: support@gtt.trade