CloseOption's Latest News
- This Week's Promotion: Join the Contest for Free
- Good news, contestants!
- New rule (#13) for contest winners!
- Top three winners kicked out of contest!
- MasterCard gateway added!
- Visit CloseOption account level details
- TradeRoom’s real-time data upgraded
- Coin payment method added
- Perfect Money deposit method
- CloseOption weekly contest
- Best ways to learn Options trading
Binary Options Contest 2021
You just need to Register and Verify your account. Then, join contests! Each contest has 10 Winners!
The first place gets $750, the second place $500, the third place $350, the fourth place $250, the 5th place $175, the 6th place $125, the 7th place $100, the 8th place $75, the 9th place $50, the 10th place $25.
26 Feb 2021
Starting Balance: $10,000
Prize: $750.00 Balance: $551,245
Prize: $500.00 Balance: $527,481
Prize: $350.00 Balance: $378,228
Prize: $250.00 Balance: $177,340
Prize: $175.00 Balance: $175,550
Prize: $125.00 Balance: $115,773
Prize: $100.00 Balance: $114,182
Prize: $75.00 Balance: $80,001
Prize: $50.00 Balance: $10,662
Prize: $25.00 Balance: $9,988
Binary Options contests are the only risk-free opportunity for learning and trading. By creating a sense of competition, traders can experience excitement and, at the same time, enjoy winning cash prizes. Additionally, they can experience social trading without risking their money. It means that there is no need for traders to fund their accounts, since an initial virtual money is credited to their accounts in advance. Therefore, it is recommended that all individual traders take their chance and improve their trading skills.
It is worth mentioning that Binary Options contests are becoming more popular in the world of Options trading. The most probable reason is that participating in Binary Options contests does not require your own funds, although some brokers charge a low entry fee. By trading on the virtual money, a trader can win a big reward from a prize pool. All a trader have to do is to trade profitably than other contestants and climb the leaderboard.
Joining a contest is an excellent introduction to the world of trading, especially for newcomers. They can start their Binary Options journey and see how it works without losing their money. While learning mechanisms, they can also estimate their position in the market and track their accomplishments and get ahead of their rivals by participating frequently in the contests. Finally, after participating in few contests, they are ready to enter real trading world!
When a contest ends, traders are usually notified by email and there is always a prize money that is distributed among traders with the highest balance called winners. Depending on the contest type and standings, traders can win low or grand prizes. These prizes are usually deposited directly to their real accounts. Therefore, they can either trade on the prize money or withdraw it unconditionally.
The contest rounds usually last for a day, a week, or a month and the duration is bound to the decision made by each broker. To take part in contests, some brokers do not require traders to verify their account, however, some others do. The same is true of the entry fee. Therefore, each contest and each broker has its own unique terms and conditions and traders should read the terms before entering a tournament.
Lose no time!
Please find below the terms and conditions. By joining the contests, you agree to abide by these terms and indicate confirming your acceptance.
The contests are usually held once a week, and it is probable to hold up to four tournaments each month.
Most contests charge a small fee of $5-10. However, some contests may be organized without a fee.
Contestants shall carry out all operations on their contest account, and all transactions must be according to our terms and conditions.
Creating more than one account is prohibited, and violators will be eliminated from the contest.
When the contest starts, the Starting Balance will be credited to your Contest account. This amount and the profits will be removed from the client's account once the contest ends.
The starting balance for this contest is $10,000.
If your account balance is less than $1,000, you can recharge your account using the recharge packages available at the top of your trading room.
Winners are determined and ranked based on their total balance at the end of the tournament. You can always check your current rank in the leaderboard on the “Contest” page.
Contestants ranked in the top 10 will receive cash prizes.
Results are published within 48 hours from the end of each contest.
The prizes are credited to the winners’ trading account automatically.
A winner can withdraw their prize at any time after it is credited to their trading account.
Contest participants who abuse the system will be eliminated.
Contestants are not allowed to sell or transfer their contest account to others, and the offender will be eliminated from the contest.
All the requirements will be announced before starting a contest.
The Company reserves the right to add, change, modify, or remove portions of these terms at any time without prior notice. Please check this page frequently to ensure you are aware of any changes.
To make the contests more practical and to create more opportunities for everyone to win, each competition's winners will be removed from the contests for two rounds and the second place of each round for the next round. After this period of suspension, they can participate in the tournaments again. It should be mentioned that VIP members are an exception to this rule! However, if a VIP member wins a contest, they will be eliminated from the upcoming tournament but receive a waiting period award!
* Waiting Period Award: Each VIP member who wins a round of the competitions and is absent in the next round will receive a $10 prize daily (maximum $100 in competitions taking more than a week).