Each season, IQ Option holds a large number of tournaments. These 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 among several top members.

The number of winners depends on a particular tournament and varies from 5 to 30. 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 if taking part in the 'Getting Interesting' you need to end the competition among the top-30 to be awarded financially.

You have made the right choice if you have decided to participate in IQ Option's online trading tournament. This unique offer has many advantages that the Indian trader will appreciate:

• High profit margins. The standard profit on a binary options transaction is 80−95%. However, a successful participant in the IQ Option tournament can increase the price of an admission ticket a hundred times. The price for participation is $4−20, and the prize fund reaches $20,000. Theoretically, your $20 could turn into $5,000 (first prize) in a few weeks.
• Great workout. This is a great way to find out your skill level and watch other users. All traders have equal conditions, which means you can understand whether you are a professional or whether you still need to improve your trading skills.
• Minimal risk. At your disposal, 10,000 virtual dollars can bring real winnings. But even bankruptcy will not bring you losses — you will only lose the cost of the entry fee. Moreover, IQ Option also holds free tournaments where you can get real money with zero investment.

When 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 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 just $1.

We don't recommend making hasty decisions that frequently lead to losing funds. On the one hand, investors should analyze the trading behavior of other competitors and understand their trading style while on the other hand, they shouldn'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 allowed 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.
• The number of rebuys is not limited. Traders are allowed to use this option again and again to stay the course.
• The price for a rebuy is equal to the entry fee. For the tournaments without an entry fee, a rebuy costs $2.

IQ Option platform offers a diverse array of assets for investing in. When it comes to the tournaments, only binary options 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 open from 05:00 to 14:00. Shares 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 the time 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.

Each tournament of IQ Option has its own prize pool that is divided among the winners.

For all tournaments, the prize pool is fixed and indicated before an event begins. 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 goes for 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.

When it comes 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 the top-5 participants.

Either choice has its advantages and disadvantages. Free IQ Option tournaments are less frequent and have a smaller prize pool. The competition here is much higher — the number of participants reaches tens of thousands. This means that you have to seriously try to get a place on the top list. This option is preferred by inexperienced traders who do not want to take risks. A more professional participant can count on success. However, we recommend free IQ Option tournaments for beginners who want to try their hand without being afraid to lose money.

Paid tournaments attract Indian traders with an excellent prize pool (the amount can reach $20,000). Besides, the competition here is much less — sometimes several hundred users compete. But remember that these are professionals, and winning this fight will not be easy. Therefore, this option is recommended for those Indian clients who are confident in their abilities and are not afraid to lose the cost of admission.

When it comes 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 also be higher than EMA (5). Those signals indicate a long position opening.

· Bollitoucher Reversal Trend

This 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 the RSI filter and Renko scalp indicators.

· MACD with Coral

The following indicators are necessary: 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 to download 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.