Hello everyone,
I am participating in the free fundednext competition for January 2025 and I am encountering a few issues that I would like to share with you, hoping that some of you may have had similar experiences or can provide some insight.
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5% deduction not applied: According to the competition rules, a 5% deduction should be made from the competition account. This should have reduced my balance from $100,000 to $95,000. However, this deduction has not occurred, and my account remains at $100,000. Has anyone else experienced this same issue?
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Inconsistencies with mandatory leverage: After discussing with their support team via the help center, I was assured that leverage was mandatory. However, I couldn’t find an option to remove it. I adjusted the size of my positions to compensate, but I realized that leverage was not applied to my account, contrary to what I was told. Are other participants in the competition facing similar issues with leverage or the rules?
I am doing swing trading on H4 charts, and the gains I have made do not seem to align with the effects of a x100 leverage as stated, which has further confused me. I would like to know if anyone can confirm whether the same rules apply to everyone or if others are also encountering these issues.
Thank you for your feedback and advice!