If you are new to IQ Option tournaments, here's a quick recap: you compete with dozens of other traders for massive prizes that can go up to thousands of dollars. Once you register for a tournament, you receive a special tournament balance that can be used to participate in a tournament. Everybody starts on equal terms and the goal of the tournament is to increase the tournament balance as much as possible, with traders having the largest balance becoming the winners that share the prize pool between them. You can participate in several tournaments simultaneously: in such a case you will have a different tournament balance for each of the tournaments. Some of the tournaments are free to join and others require a fee that's deducted from your real money balance. For the start of the year 2020, IQ Option has organized a handful of tournaments so you have plenty to choose from. These include weeks-long tournaments with massive $20,000 and $50,000 prize pools as well as a few shorter duration tournaments.
Let it Snow, New Beginning, and Winning Options tournaments
For those traders that prefer the long game, these three tournaments are a good choice. Both Let it Snow and New Beginning start along with the beginning of 2020: 00:00 (UTC+3) on January 1. New Beginning will last for the whole month, and the 30 lucky winners will share the total prize pool of $50,000. For a chance to compete for such a prize, the hefty $20 entry fee is required. At the time of writing this article, more than 3,000 participants have already registered for the event. Let it Snow has a smaller (but still impressive) prize pool of $20,000 and requires a much smaller fee to enter – $4. This tournament will last for 19 days. As for the last one, the Winning Options tournament will start on January 20 and will last for 12 days that makes it a good choice for end-of-month tournament trading. The prize pool is $15,000 and the entry fee is $4. Rebuys are supported in all three of the tournaments. The number of rebuys is unlimited so you can get as many chances to score the prize as you can afford.
IQ Option tournaments – January 2020
Those who like shorter tournaments better can have their share as well: throughout the month, there's a number of tournaments lasting for just a few days or even 24 hours. Unsurprisingly, these tournaments can't boast big prize pools as the tournaments we covered above but they make up for it by the fast action. There's no need to wait for weeks and invest as much time to win these tournaments. A tournament with the shortest duration – a day – is called Salary in a Day and lets you compete for a part of the $3,000 prize for an entry fee of $4. For the weekends, IQ Option regularly holds Weekend Treat tournaments that require just $2 to enter and have a $1,500 prize pool. The three-day tournament is neatly named 72 Hours, has a bigger prize pool of $5,000 and a $2 entry fee.
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.