Binomo tournaments offer traders 4 unique competition formats, including 1v1, Weekly, Daily Free, and Dragon. Some of these contests are completely free, while others charge entry fees ranging from $1 to $200, depending on the prize pool and the length of the contest.
To pay for the trading contest fees, you can use the Binomo USDT ERC20 deposit and Binomo USDT TRC20 deposit methods.
How to Participate in Binomo Trading Contest
Binomo broker holds various competitions for binary options traders to compete against each other and earn cash rewards. To join these competitions, traders need to follow a straightforward process.
Binomo Tournament participation process:
- Enter the “Tournaments” section on the Binomo dashboard;
- Browse through the available trading contests;
- Check the contest prize and conditions;
- Join the competition.
Here's an Overview of the competition details to get you started:
Entry Fee | Free and paid |
Minimum Balance Required | N/A |
Tradable Assets | Forex, Cryptocurrencies, Stocks, Indices, ETFs, Commodities |
Prize Pool | Over $10000 |
Suitable For | Beginners to Professionals |
#1 Enter the “Tournaments” Section on the Binomo Dashboard
First, log in to your account and enter the “Tournaments” section in the left panel.
#2 Browse Through the Available Trading Contests
Now, you’ll see a variety of available trading competitions. Binomo Tournament types:
- One on one (1v1)
- Weekly
- Daily Free
- Dragon
In 1v1 trading challenges, you can go head-to-head against another trader by paying a $5 fee and trading for 15 minutes. Whoever makes the most profit wins the prize.
#3 Check the Contest Prize and Conditions
You can view the details of each contest by clicking on the “Read More” button. Here, you will see the total prize pool, required starting balance, rebuy cost, and prize pool distribution.
At the bottom of this section, click on “Tournament Details” to access more in-depth information, such as the exact start and end times and the number of participants who have joined.
Below there you can see the current leaderboard.
#4 Join the Competition
To participate, simply click “Sign Up”, and you’ll become one of the participants. Once the trading contest starts, you can trade and compete for the prize.
It’s worth noting that some competitions are held in a real account environment, while others are conducted in a demo account.
Binomo Competitions in Comparison to Other Brokers.
The table below compares the most important aspects of the Binomo trading contest and those of other binary brokers.
Parameters | Binomo Broker | |||
Coverage | Yes | Yes | Yes | Yes |
Entry Fee | Free and Paid | Free | Free | Free |
Minimum Prize Amount | N/A | $300 | $50 | $100 |
Maximum Prize Amount | Over $7000 | $20,000 | $10,000 | $5,000 |
Re-buy | No | No | No | No |
TF Expert Suggestion
To join Binomo tournaments, traders must consider factors like the prize fund (e.g., $7,000), starting balance (e.g., $100), and rebuy costs. The rebuy option lets traders recharge their accounts to keep competing.
If you rank highly on the leaderboard, you can cash out your profits using the Binomo TRC-20 withdrawal method outlined on the Binomo tutorial page.
