IQ Option tournaments in Brazil: fees, conditions, prizes

Big prize pools
Fee-free tournaments
Traders are offered to participate in different tournaments: both free and paid ones. The bigger entry fee is the bigger prize pools are as well. For instance, investing $20, traders participate in tournaments with the prize pool of $50 000 or even more.
Our platform offers some tournaments that are free to enter. No fees are implied. Users are able to partake in those tournaments investing $0. Meanwhile, you are able to win real money.

About IQ Option Tournaments

Our platform welcomes users to participate in trading tournaments that are organized every 2-3 days. Those tournaments are oriented for different periods and demand different entry fees.
Taking part in those tournaments is useful because of the following reasons:

  1. An IQ Option tournament is a perfect ability to check your strategies on practice, to conduct experiments.
  2. Making minimum investments, you are able to increase it by thousands %. For instance, investing just $2-4, a trader gets the possibility to win up to $1000.
  3. Competing with other traders is a perfect personal challenge. Prove yourself that you are among the best world traders. Such motivation opens new horizons for you and helps to become more effective in real investing.
What is a tournament?
Many traders are interested in an IQ Option tournament: how it works. Those are organized for users from all over the world. No limitations exist for participants therefore both traders with many years' experience and new entries take part in the events.

A tournament can be understood as a trading championship where participants are expected to show the best results and to overrun the competitors. The winner is the trader who has earned the most at the end of a tournament while the prize pool is divided between several top members.

The number of winners depends on a particular tournament and varies from 5 to 30 ones. The number of expected winners is indicated before the start of a tournament. For instance, the 'Weekend Treat' promises gift money for the top-5 participants while taking part in the 'Getting Interesting' you need to end the competition among the top-30 to be awarded financially.
A tournament account and conditions for rebuys
While joining a tournament, participants are expected to obtain a special tournament account that is coloured purple and can be found together with real and practice accounts. You are able to switch between those ones if necessary. When a tournament account is not displayed, the event has an 'upcoming' status. That account is shown just after its start.

The account may contain from $ 100 to $ 10 000 depending on a particular tournament. Traders are free to invest those funds on their own. You need just to remember general rules of trading — i.e. a deal can be opened for $ 1 minimally.

We don't recommend making hasty decisions that frequently lead to funds losing. On the one hand, investors should analyze the trading behavior of other competitors and understand their trading style while on the other hand, don't let other members pull ahead too much.

All competitors have the right for rebuys but there exist certain conditions when you are able to use that right:
  • All participants are offered to make a rebuy at the beginning of a tournament (such an option can be used once).
  • During a tournament, a trader is able to rebuy when their tournament account contains less than was obtained automatically. For instance, having $ 30 a trader is able to refill an account while getting $ 300 (from $ 100 obtained at the beginning) rebuys are unavailable.
  • The number of rebuys is not limited. Traders are offered to use this option again and again to stay the course.
  • The price for a rebuy is equaled to the entry fee. Referring to the tournaments without entry fee, a rebuy costs $ 2.
Which types of assets can be traded during the tournaments?
IQ Option platform offers diverse array of assets for investing in. Referring to the tournaments, binary options only are available for trading. The platform makes it possible to invest in more than 50 different binary options including currency trading pairs, gold and popular corporations' shares.

While investing, pay attention to the market schedule. For instance, GBP/JPY is available from 03:00 to 16:00 (GMT-3). The gold market is opened from 05:00 to 14:00. Referring to shares those are traded between 10:33 and 17:00. On weekends traditional markets are closed but our platform offers over-the-counter instruments.

Note! OTC (over-the-counter) assets imply both the highest profits and the highest risks. Their prices are regulated by the broker.

While making a deal, investors select periods and investment amount on their own. All graphical tools and indicators are available as well. Moreover, traders are free to open multiple deals simultaneously.
What is the prize pool?
Each tournament of IQ Option has its prize pool that is divided among the winners.

For all tournaments the prize pool is fixed and indicated before an event beginning. For instance, the 'Weekend Treat' tournament's prize pool is $ 1 500. The winners of the 'Salary in a Day' are expected to get $ 3 000, etc.

On the other hand, the prize pool frequently increases as about 60−80% of entry fees are added to the total prize pool. The same concerns the number of rebuys. Looking at the results of completed events, the prize pool of the 'Weekend Treat' increased to $ 1 981. The winners of the 'Salary in a Day' got $ 6 463 instead of $ 3 000. Thus, the more participants take part in an event and the more they rebuy, the bigger prize pools are.

Referring to the results, the better position you occupy, the more you get. The prize pool is not divided equally among the top traders — the 'Weekend Treat' is the only exception where the prize pool is shared equally among top-5 participants. For instance, the 'Salary in a Day' implicates the prize pool sharing among top-9 winners. The prize pool included $ 5 640 that had been divided in the following way.

Thus, investing just $ 4, this tournament may bring you more than $ 1 000. On the other hand, take into account that each rebuy costs $ 4 as well.
How to follow your position?
When a tournament starts, a special board appears where each participant is able to see his place. Apart from strategies testing, investors feel the thrill of the competition therefore each one is interested in IQ Option how to win.

Foremost, a trader should check how many participants are expected to win a certain tournament. Then start trading and follow your position in the leaderboard. Tournaments are organized for different periods: 24 hours, several days, a week or even a month. Depending on those periods, your behavior should be based.

For instance, referring to the period of 24 hours, investors are recommended comparing themselves with leaders every hour to see the differences and therefore to change strategies (from cautious to aggressive or vice versa) if necessary.

Speaking about the periods of a week or of a month, looking at the leaderboard too frequently may make your trading process chaotic, causing unnecessary emotions. The risk is paid off on the final straight when you have to enter the top and have nothing to lose.

Moreover, in the upper right-hand corner a trader sees his tournament balance and the current position is indicated there as well.

When a tournament is completed, the leaderboard is available for about a month therefore traders are free to analyze their results and achievements of their competitors as well.

Which strategies are effective for tournament trading?
Referring to the most effective strategies, the ones for binary trading should be selected. Among the most popular ones the experts indicate the following strategies:

· Support and Resistance with Ribbon

The strategy demands the following indicators: support and resistance professional tool, EMA, MA ribbon, Awesome oscillator. Traders are expected to make a deal when the price is over the Support and Resistance indicator. A ribbon bar indicator should be colored blue while an Awesome bar indicator — green. The price should be also higher than EMA (5). Those signals indicate a long position opening.

· Bollitoucher Reversal Trend

The strategy is used for scalping trading style. The following indicators are used: Bollinger bands, Bollitoucher, RSI filter, Renko scalp indicator, Slow Stochastic oscillator. When the price pulls away from the Bollinger lines' upper boundary, a trader is expected to open a short-term deal. Moreover, Stochastic should cross the 80 level bottom-upwards. Purple bars appear at both RSI filter and Renko scalp indicators.

· MACD with Coral

The following indicators are demanded: Slow MACD, Coral filter. When the price is lower than the Coral indicator (the index depends on a deal period) and the red arrow appears a short-term deal should be opened. Take into account that an asset should be in the descending trend.

NOTE! Using our platform, many indicators are available for the desktop version only that is 5-times quicker than the online one. Thus, investors are recommended downloading the app and use the platform without any limitations.

An IQ Option tournament strategy cannot guarantee 100% success therefore the experts recommend working out personal strategies as well on the basis of your experience.

What is a tournament?
Many traders are interested in an IQ Option tournament: how it works. Those are organized for users from all over the world. No limitations exist for participants therefore both traders with many years' experience and new entries take part in the events.

A tournament can be understood as a trading championship where participants are expected to show the best results and to overrun the competitors. The winner is the trader who has earned the most at the end of a tournament while the prize pool is divided between several top members.

The number of winners depends on a particular tournament and varies from 5 to 30 ones. The number of expected winners is indicated before the start of a tournament. For instance, the 'Weekend Treat' promises gift money for the top-5 participants while taking part in the 'Getting Interesting' you need to end the competition among the top-30 to be awarded financially.
A tournament account and conditions for rebuys
While joining a tournament, participants are expected to obtain a special tournament account that is coloured purple and can be found together with real and practice accounts. You are able to switch between those ones if necessary. When a tournament account is not displayed, the event has an 'upcoming' status. That account is shown just after its start.

The account may contain from $ 100 to $ 10 000 depending on a particular tournament. Traders are free to invest those funds on their own. You need just to remember general rules of trading — i.e. a deal can be opened for $ 1 minimally.

We don't recommend making hasty decisions that frequently lead to funds losing. On the one hand, investors should analyze the trading behavior of other competitors and understand their trading style while on the other hand, don't let other members pull ahead too much.

All competitors have the right for rebuys but there exist certain conditions when you are able to use that right:
  • All participants are offered to make a rebuy at the beginning of a tournament (such an option can be used once).
  • During a tournament, a trader is able to rebuy when their tournament account contains less than was obtained automatically. For instance, having $ 30 a trader is able to refill an account while getting $ 300 (from $ 100 obtained at the beginning) rebuys are unavailable.
  • The number of rebuys is not limited. Traders are offered to use this option again and again to stay the course.
  • The price for a rebuy is equaled to the entry fee. Referring to the tournaments without entry fee, a rebuy costs $ 2.
Which types of assets can be traded during the tournaments?
IQ Option platform offers diverse array of assets for investing in. Referring to the tournaments, binary options only are available for trading. The platform makes it possible to invest in more than 50 different binary options including currency trading pairs, gold and popular corporations' shares.

While investing, pay attention to the market schedule. For instance, GBP/JPY is available from 03:00 to 16:00 (GMT-3). The gold market is opened from 05:00 to 14:00. Referring to shares those are traded between 10:33 and 17:00. On weekends traditional markets are closed but our platform offers over-the-counter instruments.

Note! OTC (over-the-counter) assets imply both the highest profits and the highest risks. Their prices are regulated by the broker.
While making a deal, investors select periods and investment amount on their own. All graphical tools and indicators are available as well. Moreover, traders are free to open multiple deals simultaneously.
What is the prize pool?
Each tournament of IQ Option has its prize pool that is divided among the winners.

For all tournaments the prize pool is fixed and indicated before an event beginning. For instance, the 'Weekend Treat' tournament's prize pool is $ 1 500. The winners of the 'Salary in a Day' are expected to get $ 3 000, etc.

On the other hand, the prize pool frequently increases as about 60−80% of entry fees are added to the total prize pool. The same concerns the number of rebuys. Looking at the results of completed events, the prize pool of the 'Weekend Treat' increased to $ 1 981. The winners of the 'Salary in a Day' got $ 6 463 instead of $ 3 000. Thus, the more participants take part in an event and the more they rebuy, the bigger prize pools are.

Referring to the results, the better position you occupy, the more you get. The prize pool is not divided equally among the top traders — the 'Weekend Treat' is the only exception where the prize pool is shared equally among top-5 participants. For instance, the 'Salary in a Day' implicates the prize pool sharing among top-9 winners. The prize pool included $ 5 640 that had been divided in the following way.

Thus, investing just $ 4, this tournament may bring you more than $ 1 000. On the other hand, take into account that each rebuy costs $ 4 as well.
How to follow your position?
When a tournament starts, a special board appears where each participant is able to see his place. Apart from strategies testing, investors feel the thrill of the competition therefore each one is interested in IQ Option how to win.

Foremost, a trader should check how many participants are expected to win a certain tournament. Then start trading and follow your position in the leaderboard. Tournaments are organized for different periods: 24 hours, several days, a week or even a month. Depending on those periods, your behavior should be based.

For instance, referring to the period of 24 hours, investors are recommended comparing themselves with leaders every hour to see the differences and therefore to change strategies (from cautious to aggressive or vice versa) if necessary.

Speaking about the periods of a week or of a month, looking at the leaderboard too frequently may make your trading process chaotic, causing unnecessary emotions. The risk is paid off on the final straight when you have to enter the top and have nothing to lose.

Moreover, in the upper right-hand corner a trader sees his tournament balance and the current position is indicated there as well.

When a tournament is completed, the leaderboard is available for about a month therefore traders are free to analyze their results and achievements of their competitors as well.
Which strategies are effective for tournament trading?
Referring to the most effective strategies, the ones for binary trading should be selected. Among the most popular ones the experts indicate the following strategies:

· Support and Resistance with Ribbon

The strategy demands the following indicators: support and resistance professional tool, EMA, MA ribbon, Awesome oscillator. Traders are expected to make a deal when the price is over the Support and Resistance indicator. A ribbon bar indicator should be colored blue while an Awesome bar indicator — green. The price should be also higher than EMA (5). Those signals indicate a long position opening.

· Bollitoucher Reversal Trend

The strategy is used for scalping trading style. The following indicators are used: Bollinger bands, Bollitoucher, RSI filter, Renko scalp indicator, Slow Stochastic oscillator. When the price pulls away from the Bollinger lines' upper boundary, a trader is expected to open a short-term deal. Moreover, Stochastic should cross the 80 level bottom-upwards. Purple bars appear at both RSI filter and Renko scalp indicators.

· MACD with Coral

The following indicators are demanded: Slow MACD, Coral filter. When the price is lower than the Coral indicator (the index depends on a deal period) and the red arrow appears a short-term deal should be opened. Take into account that an asset should be in the descending trend.

NOTE! Using our platform, many indicators are available for the desktop version only that is 5-times quicker than the online one. Thus, investors are recommended downloading the app and use the platform without any limitations.

An IQ Option tournament strategy cannot guarantee 100% success therefore the experts recommend working out personal strategies as well on the basis of your experience.

How to join a tournament?

1. Open an account on our platform or log in to enter your personal area.

2. Click on 'More' in the left menu to open additional options.

3. Press 'Tournaments' to open the list of events.

4. Scroll the list to select an event you wish to participate and click on it.

5. Press 'Get registered'.
Traders need to have enough money for paying entry fees otherwise the platform will offer users to make a deposit foremost.
How to find tournaments in the IQ Option platform interface
While getting registered, pay attention that users are free to join tournaments any time but the competitors have a head start being registered earlier. After the current tournaments the upcoming events are listed. Those are recommended for investors to join.

Depósito / Saque de dinheiro simples e confiável

Winning the prize money, traders are free to withdraw them by the following methods (banking cards, e-wallets or wire transfers). The platform charges a 2% fee for withdrawal.
Deposits are fee-free.
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