Take notice: Tournaments are unavailable for traders from EEA countries
Updated 10/2019 Helloween Tournament
IQOption offers to its traders more than a platform where they can trade and check charts and quotes. In addition to that, they get a great competitive and learning experience outside of usual trading.
Tournaments are a part of that experience. IQ Option holds both regular and unique tournaments with big prize pools. And this time it is a Halloween Tournament that is offered to traders. Even better, it is actually two tournaments!
One of them is free, so users can take part in it without the need to spend any money at all.
Trick or Trade
Prize Pool — $2,000
October 16-31, 2019
Duration 15 days
Entry fee: Free
Prize Pool — $15,000
October 16-31, 2019
Duration 15 days
Entry fee: $4
Free IQOPTION Tournaments for Traders
Free weekly tournaments for all traders were recently implemented on the IQOPTION platform. The main prize in them is a ticket for free participation in one of the larger paid tournaments. IQOPTION provides more and more tools for beginning traders.
From now on, users can get the full range of emotions, and perhaps win a significant prize in the tournament from the IQOPTION for free.
You can see the list of upcoming tournaments in the corresponding section on the platform.Please see the upcoming tournaments
What is a tournament?
The tournament is a competition between traders where everyone can participate. Each participant gets a tournament account with the same amount of money. You can only trade binary options in tournaments. Aside from that, there aren’t any rules: you can trade in any asset and invest any available funds.
The winner is the trader who finishes with the most money on the tournament account. The prize pool is usually divided among the best traders from 9 to 30 people.
How does it work?
Each trader is provided with a special $10,000 tournament account, initial conditions being equal. The leaderboard shows how much money each participant has in the tournament account in descending order.
The tournament prize is credited to your real account in the form of real funds. 80% of your entry fee is transferred to the prize pool. You are allowed to refill your tournament account throughout the entire tournament.
Is it possible to Rebuy?
In some tournaments, you can reload your account balance by depositing the original amount in real money. For example, if a tournament allows rebuys and your starting balance is $100, you can click “Rebuy” next to the balance and you will have $200 on your account.
The number of rebuys during the tournament is unlimited, but only if the current balance and the profit from open positions are less than the starting balance. At the start of the tournament, you can reload once. The rebuy amounts are totaled and added to the tournament prize pool.
How can I check my tournament position?
Before the tournament begins, the top traders are selected at random. Once the tournament has started and participants begin trading, the people in the list will be ordered according to the balance on their tournament accounts.
How can I collect a prize in a tournament?
If you are awarded one of the prizes in the tournament, your winnings are automatically credited to your real account.
From official website about tournaments:
“Tournaments are a way of taking a small risk financially which could potentially yield a big reward.
During some of our previous tournaments, the total prize fund has exceeded $100,000, with the winner receiving around $10,000.
Normally, this rate of return is not possible by simply trading binary options. In order to win $10,000, you would need to be making trades which cost thousands of dollars a time, which means you are risking that money with every trade you make. Whereas with a binary options trading tournament, the buy in can be as little as $4.
The tournaments last for 1 month, and entry costs vary from $4 up to $20. Unlike some other tournaments, with IQOPTION you can rebuy entry to the competition. This gives you the opportunity to remain in the competition and gives you repeated chances of placing highly in the tournament and winning big!
Initial conditions are equal in the tournament, in order to give everybody a fair start. The more entrants there are, the larger the prize fund available. For your initial entry fee, you will get a special tournament account with $10,000.
You can see how you are placing in the competition by checking our live, online leader board. It also lets you know how the competition are doing, and how much of the prize pool you are eligible to win.
The $10,000 you use to play during the tournament cannot be withdrawn. However, your prize money will be credited to your account in the form of real money which you can then withdraw and enjoy!
If you want to have more practice before entering one of our trading tournaments, then sign up for our free demo trading account. You do not need to deposit any money in order to trade options and get some practice in, and it is a great and safe way to learn binary options.
It looks the same as our binary options trading platform so you can get used to using it and making trades before entering a tournament and playing for real. Risk assessment and understanding the risk in trading is a crucial part of binary options trading, and more information can be found on our risk management page.