Free weekly tournaments for all traders were recently implemented on the IQ OPTION platform. The main prize in them is a ticket for free participation in one of the larger paid tournaments. IQ OPTION 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 IQ OPTION for free.
You can see the list of upcoming tournaments in the corresponding section on the platform.
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 IQ OPTION 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The $10,000 you use to play during the tournament cannot be withdrawn.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.