Prop-trading competitions

Free to enter, ranked on skill, traded on a simulated balance. Every entrant starts with the same virtual balance and trades the same session menus; the leaderboard ranks the net result of your decisions, and the prize pool is put up by the sponsor — never by entrants. Entering requires the month's participation fee (the platform's subscription) to be paid; nothing an entrant pays goes into the prize pool. How it works and why it is structured this way.