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How it works

Every rule, every payout, every level.

All of it, defined at signup. Unchanged through every level.

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KEY CONCEPTS

The four mechanics that run the Challenge.

Learn these once and you'll understand every rule, every payout, every level.

Qualifying trade

A closed position with at least $300 in realized profit. These count toward advancing — open positions and small wins don't.

Worked example

Buy YES at 60¢, sell at 70¢ for $500 profit on a 5,000-share position — that’s one qualifying trade.

Trailing max loss

Your account can't drop more than $500 below its highest point. As you profit, the floor rises with you — locking in your gains.

Worked example

Account at $10,500 → floor at $10,000. Profit to $11,000 and the floor moves to $10,500.

30-day clock

Each level gives you 30 days to hit your qualifying-trade count. The clock starts the moment you advance to that level.

Worked example

Advance to Level 3 on March 1 and the clock runs until March 31 to clear the level.

Realized vs unrealized

Realized P&L is locked in when you close a position. Unrealized P&L is paper gain on open positions — it can swing, and it doesn't count.

Worked example

Up $400 on an open position? That’s unrealized — close it to lock it in and make it count.

Payouts

Real cash. No profit split. Withdraw anytime.

Pass Level 3 or higher and your payout deposits into your in-platform wallet. Withdraw to your bank, debit card, or PayPal anytime — no minimums.

1

You pass Level 3

First payout unlocks at Level 3.

2

Payout deposits to wallet

Within 24 hours of passing.

3

You request a withdrawal

Any amount, anytime, no minimums.

4

Cash hits your bank

Processed within 1-3 business days.

EXPLAINER VIDEO

How prediction markets work — and why the price IS the probability.

Learn why the price IS the probability — and how to read it like an edge, not a number.

Follow us on YouTube

Ready to trade?

Now you know how it works.

One price. Five levels. Up to $1,000 in payouts — with bigger accounts launching soon.

Start your challenge

Built for traders who want the rules to hold and the payouts to land.

One rule · One target · Zero surprises

No Investment Advice or Brokerage Services.

Trade Catalyst Inc. is not a registered broker-dealer, investment adviser, commodity trading advisor, commodity pool operator, futures commission merchant, designated contract market, or exchange, and is not registered with any federal or state financial regulatory authority, including but not limited to the CFTC, SEC, NFA, or FINRA. Nothing on this website constitutes investment, trading, tax, or legal advice. All content is for educational and informational purposes only.

Simulated Trading Only.

All evaluations and trading activities on this platform are conducted in a simulated environment using virtual funds. No real securities or commodities are bought or sold. Simulated results do not guarantee future performance in live markets.

Skill-Based Evaluation.

The Catalyst Challenge is a skill-based trading evaluation. It is not a sweepstakes, lottery, contest, or gambling product.

Evaluation Fees.

Participation requires payment of an evaluation fee. Refunds are available within fourteen (14) days of purchase if no trades have been placed. Once any evaluation activity occurs, the fee is non-refundable.

Payouts.

Participants who meet evaluation criteria may be eligible to receive awards paid in U.S. dollars by Trade Catalyst Inc. Not all participants will pass an evaluation or receive an award. Award amounts, eligibility criteria, and evaluation rules described in the Terms of Use and Help Center and may be modified at any time.

Testimonials and Reviews.

Testimonials and reviews on this site reflect individual experiences and are not representative of all users. Individual results vary based on skill, market conditions, and other factors.

Third-Party Content.

This site may contain links to third-party websites or content. Trade Catalyst Inc. does not endorse, control, or guarantee the accuracy of any third-party content.

Limitation of Liability.

To the fullest extent permitted by law, Trade Catalyst Inc. and its affiliates disclaim liability for any losses or damages arising from use of this platform, reliance on site content, or participation in evaluations.

Eligibility.

Catalyst is not available in all jurisdictions. Eligibility restrictions apply. See Terms of Use for details.