New to IQ Option tournaments? Here's what you need to know: you compete with dozens of other traders for massive prizes that can go up to thousands of dollars. To participate in a tournament, you receive a special balance after registering for a tournament. The goal of the tournament is to finish with the biggest tournament balance; traders with the largest balance become the winners and share the prize pool between them. It's possible to participate in several tournaments at once: you will have a different tournament balance for each one of them. Some of the tournaments require a fee paid with real money and others are free to join. Previously, we reported on the tournaments IQ Option held in May 2020. Among other IQ Option tournaments, in June 2020 you will have a chance to compete for $15,000, $20,000, and $50,000 prize pools in tournaments that last for 14 days, 16 days, and a month respectfully.
Take Advantage, Perfect Trade, and Summertime tournaments
If you prefer longer tournaments, feel free to choose any of these three. For the start of the month, you have Take Advantage and Summertime both of which start at 00:00 (UTC+03) on June 1. Take Advantage lasts for 14 days and lets you compete for a $15,000 prize pool in exchange for a $4 entry fee. Summertime is a month-long tournament but has more than twice as big prize pool – $50,000. However, the entry fee is also bigger and amounts to $20. Lucky winners (there will be thirty of them) will receive between $2,835 and $525; the winnings gradually decrease according to the place on the leaderboard. Each of the participants will start with a $10,000 tournament balance. As for the Perfect Trade tournament, it will be interesting for those willing to spend more time trading for the second half of the month: it starts on June 15 and lasts for 16 days, till the end of the month. All three of these tournaments support rebuys so you can always start over, albeit for the additional cost.
IQ Option tournaments – June 2020
Fortunately, June 2020 will not have only the tournaments that last for weeks. If you are among those who prefer quick and exciting tournaments when top traders list is updated multiple times in an hour or even a minute, IQ Option got you covered. There is a number of tournaments that last for a weekend or even 24 hours. For a $4 fee, Salary in a Day will let you compete for a piece of $3,000 prize pool over a period of 24 hours. Weekend Treat lasts for two days and has a prize pool of $1,500 and an entry fee of just $2. 72 Hours tournament lasts (you guessed it) for three days and has an entry fee of $2; fifteen top traders will divide a prize pool of $5,000. Lastly, as a middle ground between short-term and long-term tournaments, there are a few IQ Launch tournaments that last for exactly a week and for a price of $4 will let you enter the competition for $10,000.
New to the tournaments or need to refresh your memory? Not sure how rebuys work and what to do in order to win the tournament? Get the answers in the full IQ Option tournaments guide.
Don't have an IQ Option account yet? Register now to compete with other traders and take the prize.
Risk warning: Financial products offered by IQ Option include CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.