IQ Option Tournaments - with IQ Option now

IQ Option tournaments are one of the features that make the broker stand out. These tournaments engage traders compete against one another to earn a piece of the prize pool. They are not only fun to participate in, but they also help you to test and improve your skills in trading. 

 

 

 

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

 

About IQ Option tournaments

IQ Option tournaments are a competition among traders where everyone can participate by paying a set fee. Every participant is provided with a tournament account with the same amount in it. You can trade binary options only in tournaments. Apart from that, there are no other rules. You are free to trade in any asset and invest any amount of fund. The trader who finishes the competition with the most money in the tournament account is declared the winner. The prize pool is generally divided among the top traders within 9 to 30 people.

 

How IQ Option tournaments work

IQ Option announces the upcoming tournaments on its website regularly. Traders can also obtain information regarding upcoming tournaments via their trading interface. All you need to do is click on the “Tournaments” feature on the left of your trading interface. Different tournaments have different durations, ranging from 1 day to 1 month. The entry fee ranges between $2 and $20, according to the duration of the tournament and the prize pool. At the start of each tournament, a special leaderboard is created so that all tournament participants can view. The main purpose of the leaderboard is to display who has made how much money in the tournament account. The transparency of the tournament is also maintained by it.

For example, in the “72 hours” and “Salary in a day”tournaments, each participant is provided with a special tournament account with $100, initial conditions being equal. You can see on the leaderboard how much money each trader has in his/her tournament account in descending order. The prize of the tournament is credited to the trader’s real account in the form of real funds. 75% of entry fee is transferred to the prize pool. You can refill your tournament account throughout the entire tournament.

 

 

How can I participate in IQ Option tournaments?

To join the tournaments, you have to invest an entry fee. A percentage of this entry fee – usually 60% to 80% is placed into the prize pool. After you are registered, your special IQ Option tournament account is created with a fixed amount. All participants of the tournaments are provided with the same amount to use in trades. Your primary objective is growing your account balance before the tournament ends.

 

How can I collect a prize in IQ Option tournament?

After the tournaments end, the prize pool is distributed among the participants, the first ten participants in general. Hence, your aim should be to be ranked among the top ten participants. The person making the most money on the tournament account receives the largest share of the prize pool. However, it is not a fixed amount. You will get the award according to the amount of money you make in your account.

 

What things can I trade in IQ Options tournaments?

You can only trade binary options in IQ Option tournaments.

 

Sample of IqOption.com Tournaments

Some of the IQ Option tournaments are:

 

72 hours tournaments

• Duration: 3 days
• Entry Fee: $2
• Rebuy cost: $2

 

Binary Boss tournaments

• Duration: 1 month
• Entry Fee: $20
• Rebuy cost: $20

 

Market Pulse tournaments

• Duration: 21 days
• Entry Fee: $10
• Rebuy cost: $10

 

Salary in a Day tournaments

• Duration: 1 day
• Entry fee: $4
• Rebuy cost: $4

 

Big, Bad, Binary tournaments

• Duration: 12 days
• Entry Fee: $5
• Rebuy cost: $5

 

Big Catch tournaments

• Duration: 1 month
• Entry Fee: $20
• Rebuy cost: $20

 

IQ Launch tournaments

• Duration: 7 days
• Entry Fee: $4
• Rebuy cost: $4

 

 

IQ Option tournament strategies and tips

At the start of the tournament, all participants have the same amount in their account balance. Hence, everyone has same chances to be the winner. However, you can do better than other contestants by using the right strategies. Keep in mind that these tournaments are limited-time events and your aim is to have the biggest balance of funds on the balance. So, when you are participating in a tournament, your strategy should be more aggressive than your usual trading style most of the time.

This is especially applicable when it comes to short-term tournaments that do not allow you to overthink your choices. The conservative trading strategies can help traders to increase the initial balance but they will not allow them to take the prize. By the time you are able to double your balance, you will see that more aggressive traders have increased their account balance manifold. So, how exactly can you win the tournaments held on IQ Option? Here are a few tips that may be useful

1. Pick a more volatile asset: If you go for less volatile assets, then you will get fewer trading opportunities, which means lesser chance to take your rank up the leaderboard. So, choose a more volatile asset to trade instead.
2. Keep an eye on the economic calendar: You need to monitor the events that can affect the global price trend because these events can hinder your events. So, check the economic calendar regularly so you can avoid the periods of such instability.
3. Identify the short-term trend: Once you have chosen the asset and no high-impact news is shown on the economic calendar, you have to look for the entrance points in order to place the deals.
4. Use shorter expiration times: If you use shorter expiration time, it will mean that more trades will be possible during the overall trading session.
5. Do not hesitate to go big: If you want to increase your tournament balance quickly, you must invest a big amount of your balance on a single deal. This may seem as counter-intuitive in usual trading, but as mentioned earlier, strategies that are not recommended in usual trading work wonders in tournaments. So, do not be afraid to invest 10%, 20%, or even 50% of your balance to collect the virtual funds quickly. However, it would be best to not go all in with 100% of investment. You must leave yourself some of your balance so you can get a second chance.

 

If every strategy fails and you come close to losing the tournament, you can use your last resort to get back into the game, which is rebuy. Rebuy usually costs real money but it can be a powerful tool to win the tournament, especially if you have made a mistake but your overall strategy is right. With rebuy, you can bring the balance back to its initial value to you can start over.

 

The most important advice to win the tournaments

Although participating in a tournament is a lot of fun, yet the experience can be quite stressful. The overwhelming thrill of trading can cause your emotions affect your judgement. As a result, you may start making mistakes in trading. So, you must keep your head cool. Instead of suppressing the emotions, acknowledge them. If the market movements do not go in your favour, do not panic. Keep your composure and concentrate on your goal and the overall trading strategy.

 

Conclusion

The tournaments held by IQ Option are a great tool for traders that want to try something new in trading. While participating in the tournaments, you can enjoy the best trading experience with no upfront fees and real-money prizes. There are several tournaments with different entrance fees, prize pool, and duration so every trader can find one suitable for them.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

 

FAQ

1. Are IQ Options tournaments free to enter

IQ Option tournaments are not free to enter. You have to pay an entry fee to participate in each tournament. This fee ranges from $2 to $20.

2. Is it possible to Rebuy?

IQ Option allows unlimited rebuys. It is simply a deposit you can make to your tournament account with real money. For example, if the amount in the tournament account is $100, you can rebuy by depositing $100 from your live account. Therefore, the balance of your tournament account would be $200.

3. What assets can I trade during tournaments?

You can only trade binary options during tournaments.