IQ Option Trading Tournaments - How can I Collect a Prize in a Tournament?

Jan 14, 2024 4441 0

What is a tournament in IQ Option?

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 arent 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.