Binary Options Trading Contest
Posted By admin on September 29, 2015
Binary options trading contests provide traders with a risk-free opportunity to test their skills and trading systems while at the same time trying to win real prizes. There are 2 types of contests: real money contests and demo contests. In real money contests, traders use real money in their trading accounts to participate whereas in demo contests, traders take part using virtual money.
The Best Trading Contests in Binary Options
There are numerous trading contests available for binary options traders. While in most cases the trading contests are meant for beginner traders, skilled traders may be attracted when the prizes offered are appealing.
Here are some of the best trading contests in the binary options industry at the moment:
The Dukascopy Binary Options Contest
This is a monthly demo contest for binary options traders. Traders compete for a total prize pool of $7,500. Registration is free and every trader starts the contest with a $1,000 demo account. At the end of each trading day, every contestant’s account is restored to $1,000 after settlement of the trading day’s profit or loss. At the end of the month, the top 15 traders with the highest cumulative profits share the $7,500 prize fund, with the winner banking $2,500.
The Grand Option $50,000 Contest
This is a live contest available to traders who sign up with Grand Option. Registration is free and automatic for traders who open or have a valid Grand Option trading account. The competition runs monthly and the winner is the trader with the highest trading volume. This contest is by far the biggest, in terms of prize fund, in the binary options market. The winner takes home $50,000, the runner up banks $25,000 and the third placed trader wins $10,000.
The Lion Binary Options Trading Contest
This contest is run by Hirose Financial UK. To participate, traders are required to open an MT4 trading account with the broker. They should then apply for a contest account and then deposit or transfer a minimum of $50 into their trading accounts. The contest runs monthly and the top 5 traders who have made the most profit share Cash Awards, with the winner taking home $1,000. There are also cash prize bonuses available for 20 traders who record the highest winning streaks. For instance, a trader that posts 20 consecutive wins will earn a $500 cash bonus.
Why Participate in Trading Contests
Trading contests give a trader the opportunity to test himself against other traders from around the world. A trader gets the opportunity to evaluate how his trading system compares to other trader’s systems. Trading contests are usually very competitive and this can help traders strive for excellence when trading. In addition to building their trading experience, traders also have the opportunity of winning great prizes when they participate in trading contests.
Trading contests provide traders with the opportunity to win great prizes when trading the binary options market.