"We have a tournament-to-funded-account process that takes free-to-play skill competition and turns it into a real funded account of $5,000 and 80% profit share based on trading performance. At BuyCrypt, you trade on demo currency and you compete with a structured process of competition called The Ladder, with no deposit required to start.
A tournament is a time-limited competition with a common demo balance on the starting point and an overall performance rank among the competitors regardless of their actual profits and losses. As for the risks associated with it, you are not exposed to anything since you trade only virtual cash. However, your overall performance may be evaluated using standard indicators such as ROI and PnL with the possibility to use more engaging metrics like PMC (position movement change) in case you want to get a reward for timing and positioning activity in particular rather than luck.
At the end of the tournament, you become a $5,000 funded account holder with profit share of 80%. That is where tournaments come in handy since they allow you proving the ability to trade wisely and with discipline which leads to a funded account allocation — it is about replacing an expensive blind evaluation with an easy-to-follow series of public competitions where you win.
Thanks to the simulation, you become a better trader without risking your real balance, since no deposit is needed.
The Ladder is the process of winning the account on levels. It starts from free (as a no-deposit tournament) and continues with ratings that bring bigger prizes including a $5,000 funded account.
There are two types of the Ladder. A direct one — pay $5 and enter a tournament with a $5,000 prize — and the free one that comes from free tournaments where you win and reach a higher prize level.
With around 54 tournaments per week, going up the ladder is a fast process. There is no waiting period of weeks due to evaluation processes which are commonly found in other systems.
The Ladder takes you to a $5,000 funded account. Here you receive a profit share of 80% that is quite favorable for traders. The concept of the Prop firm starts from a trading competition — with a competitive structure of payouts.
The key point of the split is that it takes all the counting-focused aspect of the trading platform.
The main feature of the Ladder for newbies is the ability to win a funded trading account without spending any money at all. You do not have to pay in order to participate in free tournaments, while the Ladder suits everything to allow you becoming successful with no deposit.
The Ladder gives you an opportunity of winning while eliminating major barriers associated with traditional tutoring process — in this case not the private evaluation process is used.
The whole idea of the funded account is to create chances for winning based on following the best practices. Over time, it becomes evident that the Ladder is turning into a successful process with evidence of the payouts.
The Ladder works for two types of traders too, being either those who are aspiring and do not have money to pay for the evaluation process or those who want to maximize their competition through taking part in a competitive environment.
It also allows you to learn as you go.
To sum up, the Ladder creates the opportunity of climbing to success through participations without investments.
Yes. A free path does not require a deposit, as you can take advantage of free competitions and win contests to build your way up The Ladder and earn a $5,000 funded account. There is an alternative method involving a $5 entry fee that is optional rather than compulsory.
Traders get to enjoy an 80% profit-sharing ratio on their funded account. Payouts are made in USDT – the same as with other popular crypto prop-firms. It's worth noting that while these payouts are competitive, qualified individuals can win prizes instead of having to pay an entry fee for the evaluation.
The tournaments are run using virtual or demo cash, so no money will be lost by participating in any contests. There are guaranteed payouts in USDT based on results obtained in the competitions. The platform has distributed around $384,000 in prizes so far while also creating over 127 funded accounts.
There are about 54 tournaments available every week. This ensures that competitions run pretty much continuously. Unlike regular prop-firms, where people have to wait for evaluation periods, users in this case benefit from the always-available tournaments.
No. It is neither of these. BuyCrypt is purely focused on skill-based competitions, and cannot be likened to any kind of exchange or trading venue.
