Hold your horses, South Africa. IQ Option has just announced three binary options trading tournaments that are NOW LIVE on the IQ Option platform. By participating in these tournaments, South African participants will get the chance to win from a $25,000 prize.
IQ Option Tournaments
The award-winning broker is excited to introduce its star binary options tournament, Copa IQ Option, which is IQ Option’s celebration of one of the most prestigious championships in Latin America and the oldest football competition worldwide: Copa America.
In addition to Copa IQ Option, which is a month-long competition, South Africa’s favorite broker will also be hosting a FREE IQ Option Tournament and an IQ Option Grand Prix, with prizes of $5,000 and $3,000.
Now, without further a due, let’s take a good look at each IQ Option tournament below and discover all the juicy details you need to know about how to participate as a South African trader and most importantly, how to win.
IQoption Tournament: Celebrate Copa America and Win $25,000 Prize
Tournament duration: June 10 – July 10 [LIVE NOW]
Prize pool: $25,000
Entry fee: $5
Rebuy: $5
FREE IQ Option Tournament: Win $5,000 for FREE
Tournament duration: June 10 – July 10 [LIVE NOW]
Prize pool: $5,000
Entry fee: $0 (FREE)
IQ Option Grand Prix: $3,000 Quick Profit
Tournament duration: June 21 – 23
Prize pool: $3,000
Entry fee: $2
IQ Tournament: How Does it Work?
Now that you have all the important details you need regarding each binary options tournament, the question is how do these competitions work? How do you win these prizes as a South African trader?
Don’t worry, it’s very simple.
Each South African participant will get a special tournament account with the same amount of money and equal trading conditions. The amount of money all traders will start with is $10,000.
As you begin trading binary options, you will be able to see how much money each tournament participant has through the leaderboard in descending order.
The winner of the competition will be the participant who finishes with the most money in their tournament account.
If you win a prize, the money you win will be automatically transferred to your real IQ Option account.
Your chances to win a tournament will be automatically increased by the fact that there can be more than one winner for each competition. In fact, the prize pool you saw above will be divided between 9 – 30 of the best traders, depending on the tournament.
This means that if you are one of the 9 – 30 of the participants with the most money in your tournament account, you will get part of the prize pool. If you want to extend your participation, you will have the chance to rebuy once or even multiple times.
IQ Option Competition
As you can imagine, the binary options tournament talked about most is the Copa IQ Option tournament – the competition with a winning pool of $25,000.
So, how can you increase your chances to win the Copa IQ Option tournament and grab a piece of that $25,000?
Basically, you will be trading binary options on the IQ Option trading platform through your special tournament account.
If you are already a binary options trader at IQ Option, you don’t need to worry. You are already in a great advantage, as many traders who will be joining the game with hopes to win will be complete newbies.
If, on the other hand, you have never traded with IQ Option before or you are a complete trading newbie, we would suggest taking a look at our IQ Option South Africa, specifically the “Trading Platform” section, to get a general idea of how the IQ Option platform works and what you can expect.
This will instantly give you an advantage over other South African traders who have never seen the IQ Option platform. You will know what to expect, how trading with binary options through the IQ platform works, and the only thing you will be focusing on is winning that $25,000 prize.
The trick is to join the race as soon as you can, as the Copa IQ Option tournament is now live and South African traders are already collecting money in their accounts. The sooner you participate, the higher your chances to win a prize.
Above all, don’t forget to have fun. This is what these binary options tournaments are all about, after all.
THERE ARE CURRENTLY NO TOURNAMENTS RUNNING