Tournaments

How can you make money on online trading platforms? Of course, the first thing that comes to mind is trading. Effective strategies, balanced decisions and, as a result, profitable transactions - this is what brings traders income. But not only. Today we will talk about IQ Option tournaments where you can earn good money without much risk.

What are IQ Option tournaments?

Any number of people can participate in IQ Option tournaments. To join the ranks of the players, you need to deposit a certain amount from your account in IQ Option. Usually it is 2-10 dollars. The main prize is about 100 times larger. Tournament prize is credited to your real account. So the offer will definitely please you!

IQ Option is one of the few companies that hold various trading tournaments right in the trading room; they are presented in the corresponding section on the broker's website. The essence of the competition is that you need to trade binary options. The competition between traders can last one day, or maybe the whole month. depending on the conditions of a particular tournament. The one who earns the most wins.

There are no complicated rules and hidden nuances. And to be honest, before the start of the tournament, a special tournament account is opened for each participant with the same amount of funds for all. Trading will be conducted on this account. That is, each player has exactly the same conditions at the beginning. As soon as the tournament starts, everyone trades on their own account and at the end of the tournament, the results of all participants are compared to determine the winners.

The winners of the competition are a few traders who were able to get the most profit by the end of the tournament. The more amount of money you have in your tournament account, the closer you are to winning.

How to take part in IQ Option tournaments? 

To become a participant, you need to go through a simple registration procedure in the tournament. To do this, go to the tournaments section on the IQ Option platform and choose from the offered tournaments. Read the terms and conditions carefully and pay your deposit. That's all! Before the start of the tournament, in addition to a demo account and a real account, you will have a tournament account with a certain amount, and as soon as the tournament starts, start trading.

It is not necessary to trade continuously for the entire duration of the tournament. After all, it can last for several days. You can do this at any convenient time. You can start transactions even on the last day of the tournament. Everything is up to you. The main goal is to get as much profit as possible. Try different strategies, trade and have fun and trading experience.

It is worth noting that each type of competition has an individual cost and a prize fund, which is set depending on the amount of the contribution and the number of users. The first 5-30 participants can receive cash rewards.

Registration 

1. The first condition for registering in the tournament is that you must have an account with IQ Option. If you have it, then just log in to the platform. If not, then register an account right now. You can use the free form below. To do this, enter your data and complete the registration by clicking on the "Try Now" button. Then confirm the registration through a letter in your e-mail.

2. After filling out the form, you will have 2 accounts opened. Free demo account with a virtual amount of $10,000 and a real account. Top up your real account with a minimum deposit of $10 in a convenient way for you to be able to pay for participation in the tournament later.

3. After logging into the trading platform, find the tournaments menu on the left panel.

4. Select an IQ Option tournament. Here you will see current, past and future tournaments.

5. You can join an ongoing tournament or register for an upcoming tournaments IQ Option. To do this, click on the orange button, with the corresponding caption “join the tournament” or “register”.

6. After that, pay for participation in the tournament using the system prompts and wait for the start of the tournament.

The registration procedure is simple and accessible to every trader. Each time several thousand traders take part in the tournament. Join and you!

IQ Option tournament rules 

The rules are quite simple, but it is still worth dwelling on some points so that traders do not have any questions.

• Fee payment. Free tournaments are periodically held on the platform, but still, the main part of the tournaments is paid. You can deposit member commission from your live account. The cost of participation is usually low and is up to about $10, read the terms and conditions carefully and you will see this item. Money each participant, in other words the entry fee is transferred to the prize fund. You will not be able to pay for the tournament from a demo account or separately from your bank card.
• You cannot withdraw tournament funds. The funds in your new tournament account are for tournament trading only. Initial conditions being equal for all users. Everyone is credited the same amount to the tournament account. As soon as the tournament ends, the funds and the account itself will not be available to you.
• Assets for trading. During the tournament, participants can use binary options. With this tool, you can choose any asset from those presented, these are stocks, commodities, currency pairs, etc. Binary option trading is very popular. If you are not familiar with this tool, we advise you to try it first on a demo account.

• The prize fund is divided between the traders who took the first places. Depending on the conditions, this can be, for example, the top 5 or top 20 traders. In some tournaments, the number of winners reaches 30 people. That is, the top 30 will share the prize. This is a very good chance to earn real profit.
• You can withdraw the prize money you win. After the end of the tournament, the prize money (if you are among the winners) will be automatically transferred to your real account in the form of real funds. You can invest money in new real deals on the platform or withdraw them using a method convenient for you.
• Rebuy. It may happen that your tournament account becomes less than it was originally due to a bad deal. Don't be upset. You can use the rebuy function. For example, if the tournament allows rebuys and your initial balance is $100, you can click Rebuy and you will have $200 in your account. The number of rebuys during the tournament is not limited, but only if the current balance and profit from open positions is less than the starting balance. The rebuy amounts are summed up and added to the prize pool of the tournament. The cost is usually equal to the cost of participating in the tournament. This information is also always in the conditions of the tournament.
• The leaderboard shows you a list of the first participants and those who entered the list of winners. You can watch the standings change during the whole game. Participants are sorted in descending order of balance on the tournament account. The higher the balance, the higher you are in the table. Your goal is to get into the top traders.

Prizes 

Tournaments allow beginners and experienced traders not only to put their trading skills into practice, but also to win real money prizes in their account.

The prize pool may differ from tournament to tournament. One of the biggest prize pools is $10,000! This amount is divided between the winners not equally but in proportion to the balance of their account. Traders in the reviews say that sometimes having paid a couple of dollars for a tournament, they won as much as they could not earn before.

Leaderboard 

To understand how prizes are distributed, just look at the example of one of the tournaments. More specifically, the leaderboard. It is formed before the tournament as an example of how places will be distributed and shows how much money can be made.Then it changes during the tournament. With the help of the standings account throughout the entire competition. At this stage, you can see the leader, assess your position and adjust your strategy. And finally, after the end of the tournament, the final leaderboard is formed. We wish you to see yourself in it in the first places and try the taste of victory, you will succeed!

List of IQ Option Tournaments

In addition to common tournaments, which are held quite often, there are special tournaments dedicated to, for example, international holidays or events. For example, tournaments were held dedicated to the World Cup or Halloween. Here are examples of some tournaments and their description. Perhaps you can already choose which one you want to participate in.

72 hours 

Each player in this tournament will receive $100 to their tournament account. The prize pool of $5,000 (+ rebuys) is distributed among the first 15 participants with the largest balance.

• Duration - 3 days
• Prize fund - $5,000
• Participation fee - $2
• Rebuy cost - $2

IQ Launch 

You, as well as each participant will be credited with 100 dollars. The tournament fund is distributed among the first 30 participants with the largest balance. 75% of the entry fees are transferred to the prize pool, and the amount of rebuys will eventually be added to it.

• Duration - 7 days
• Prize fund - $10,000
• Participation fee - $4
• Repurchase cost - $4

Weekend Treat 

The initial amount on the account of each participant: $100. The first 5 participants receive a fixed prize of $300.

• Duration - 2 days
• Prize fund - $1 500
• Participation fee - $2
• Repurchase cost - $2

Salary in a day 

Each trader receives $100 in play. 75% of entry fees are transferred to the prize pool. The $3,000 prize is distributed among the first 9 participants. You can add to your tournament score with rebuys throughout the tournament.

• Duration - 1 day
• Prize fund - $3,000
• Participation fee - $4
• Repurchase cost - $4

Tournaments, which will be discussed below, are held a little less often, or are held in honor of world events or holidays.

Big Catch 

Each participant is initially credited with $10,000. The last Big Catch tournament had a prize pool of over $134,000. The top 30 traders shared this big prize.

• Duration - 1 month
• Prize fund - $134,000
• Participation fee - $20
• Repurchase cost - $20

Big, Bad, Binary 

Participants are credited with $100 for trading within the tournament. The prize fund of the last tournament was over $20,000. This prize was shared by 15 traders with the largest balance.

• Duration - 12 days
• Prize fund - $20,000
• Participation fee - $5
• Repurchase cost - $5

Binary Boss

Each trader receives a large sum of 10,000 USD to participate in the competition. This is a popular tournament, with more than 1400 traders participating in the last tournament.

• Duration - 1 month
• Prize fund - $50,000
• Participation fee- $20
• Rebuy cost - $20

Market Pulse 

Traders get $100 on tournament account balance. You can use the rebuy feature throughout the tournament. Many have a chance to win: the first 30 participants will share the prize.

• Duration - 21 days
• Prize fund - $10,000
• Participation fee- $10
• Rebuy cost - $10

Trick or trade

Helloween tournament is an example of a special tournament. This is an interesting tournament because you can participate in it for money or for free.

• Duration  - 15 days
• Prize fund - $15,000
• Participation - $4
• Rebuy cost - $4

and

• Duration  - 15 days
• Prize fund - $2000
• Cost of participation - free of charge

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