Latest Binary Options Trading Contests

Do you want to know what the latest news events that have caught the attention of participants in the binary options market are? One of these news events is that of some of the trading contests that have been put up by brokers to attract new clients and also allow those who have the trading skill to make money from their skills.

For the first time in a long while, the binary options market has witnessed the kick-off of trading contests that have been designed to allow traders to showcase their trading skills in the binary options market. The following trading contests are now available for all traders who think they have what it takes to take the binary options market by storm.

Trading247’s International Binary Options Trading Contest

For the first time ever, an international binary options trading contest has been launched. The competition, which commenced in July 2013 and is expected to be a monthly affair, Trading247 is giving away $20,000 to the best-performing binary options traders in its stable. The prize money of $20,000 will be equally split and given to the three best-performing traders in two categories comprising the highest winning trades as well as the longest winning streak. Of this prize money, $6000 goes to the best trader, with cash prizes of $3,000 and $1,000 going to the second and third-placed contestants.

In order to participate, traders are expected to sign up for a live account with Trading247 with a minimum of $200. Trading247 will then match the account opening sum to the tune of 100%, after which traders can start to trade.

For traders who may be worried that starting with a small sum will put them at a disadvantage when facing those with larger capital, there is still a chance at winning by making sure that a long winning streak is attained.

All prize winnings are paid into the live binary options account and not given out in form of raw cash.

24Option

24Option is another binary options broker that is in the race to uplift its profile by offering a binary options trading competition with $19,000 up for grabs. Participation in the trading contest requires signing up for a live account with at least $1,000, and registration is automatic for traders who already have existing live accounts. Under the prize arrangement, $10,000 is reserved for the top trader and the rest of the prize money is to be split between the 2nd, 3rd, 4th and 5th placed traders.

The prize is based on the most consecutive successful trades a competitor is able to garner. At the time of writing a trader known as Funda B is at the top of the contest standings with 28 consecutive successful trades.

All winnings are paid into the trading accounts of the prize winners. This is indeed a good way to boost trading capital, as those who do not have plenty of money to start with can garner enough trading skill to pull off successful winning streaks to get placed in the contest standings.

Binarium

Another trading contest is currently underway courtesy of Binarium, a Russian binary options company. This contest was launched in September 2013 and presents an opportunity for traders to show the stuff they are made of, without risking any of their own money.

The basis of the competition is to see which trader has the largest free balance in a demo trading account at the end of the contest. Prizes allocated to winners as follows:

• 1st prize – $5000
• 2nd placed contestant – $1000
• 3rd placed trader – $500
• 4th – 10th placed contestants each get $100

Trading is on demo, but the prize money will be deposited into the live trading accounts of the winners. The prize money is considered as a bonus for purposes of withdrawal, and can only be taken from the account by the prize winner according to the terms of bonus withdrawals on Binarium.

Traders are expected to be at least 18 years of age to qualify, and each trader is started off at $1000 on a demo account for the contest. Contestants are also prohibited from using multiple trading accounts. A maximum of 25 trades are allowed during the contest period.

Only trading tools found on the Binarium platform can be used for trade analysis, and prizes claimed after photo and ID verification of the winners.

Conclusion

As more contests become available, you can be sure that we will make the information available on this website.

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