Pocket Option tournament is a great way for binary options traders to challenge their skills. The competition prizes start from $250 and traders must hold at least $100 in their trading account to participate.
Pocket Option competitions have exclusive time limits with “Re-buy” option to increase your account trading balance. Let’s review the process of participating in them.
How to Participate in Pocket Option Tournaments
Pocket Option fee and paid tournament allow binary options traders to earn great prizes by being in the top 3 spots. Here’s how you can take part in these tournaments:
- Log into your Pocket Option account and navigate to the tournaments section;
- Check tournament details;
- Read tournament rules and conditions;
- Begin trading in the tournament.
We will provide more information about each step you must take in the following sections.
#1 Log into Your Pocket Option Account
To get started, log in to your Pocket Option Broker account and go to the “Tournaments” section.
Here, you can view all the active tournaments.
#2 Check Tournament Details
If you want to join a specific tournament, click the “Join” option. In this section, you’ll see details such as the tournament’s name, the remaining time until the contest ends, and the prize amount. You can also see the number of participants.
#3 Read Tournament Rules and Conditions
To view the tournament rules, select the relevant option. Participation in some tournaments is free but only verified accounts with a minimum balance of $100 are eligible. You can also find information about the age of participants. If you agree to the terms, click the “Confirm” button to proceed.
In the “Rating” section, you can track the standings of the top three participants.
#4 Begin Trading in the Tournament
Once confirmed, your registration for the tournament will be successfully completed. Afterward, click “Continue” to begin trading binary options with the amount in your funded broker account.
You also have the option to use the “Re-Buy” feature to double your tournament balance. If your balance drops below the initial threshold, make a small trade to adjust your balance.
For example, you can place a $1 trade. Once the trade is complete, click “Re-Buy”. If there’s an open trade, wait for it to close before proceeding.
Pay the required amount (e.g., $1) to double your balance and confirm the payment.
Once processed, your tournament account balance will be doubled, allowing you to trade with the increased amount.
In the Tournaments section, you can view the tournaments you’ve joined.
To continue trading, click the “Continue” option. You can also switch between your real and demo accounts by selecting your preferred account in the designated section.
You can participate in multiple tournaments simultaneously. For example, you can join another tournament by paying the entry fee (e.g., $1) and following the same steps outlined in the Pocket Option tournament article.
If you finish in the top 3 spots, the prize will be automatically credited to your account.
TF Expert Suggestion
Pocket Option tournaments allow traders to test their expertise and challenge their trading capabilities. Traders who end up in the top 3 spots (in free or paid competitions) can withdraw their profits through various methods, including USDT ERC20 withdrawal or Neteller withdrawal.
If you are eager to know about other income opportunities in Pocket Option broker we suggest reading Pocket Option tutorial articles.
