About IQBroker tournaments

Depending on the occasion, the platform hosts its own competitions for traders or invites the sponsors for organizing the thematic event. Each of the tournaments presents its own set of rules, but the basics are pretty much the same – for all the traders who have decided to apply, the limited-time dashboard is prepared with initial capital and certain goal to achieve. Within it, the user plans the investment strategy which should help in gaining as much assets as possible. During the next couple of weeks, the winners are determined who would get their own share of prizes, which vary from one event to another. More details on it are explained on the “Help” page, within section dedicated to tournaments.

About the prizes

Usually, there are up to thirty or forty possible winners who get as a reward their own share of funding. The higher the position is, the bigger becomes the share of the total prize pool – the number one winner can reach around thousand dollars or even more. There are also several conditions which influence the final score distribution, which can be learnt about from the “Help” center.

About the participants

Before being allowed to take part in the competition, the user, first of all, has to be verified in the system and be the owner of a real account status. As the tournament partially involves the real investments and gives as a reward the actual funds to the account, only trusted traders can be allowed to take part. For obvious reasons, the owners of the blocked account are also not invited to the event.

First of all, the applicant should be able to cover the entrance fee which varies from one event to another, waiting afterwards for the official start. The number of participants is regularly updated, allowing to follow the list of potential competitors and assume the chances for win. To learn even more details on the matter, it is recommended to refer to the “Help” page dedicated to it.

About the rebuys

If the starting capital ends in the least suitable moment, or the valuable investment has failed, then the refills are allowed for use. They cost the real money, therefore becoming an important point to consider in the final results and becoming visible in the final charts. The overall number of rebuys is unlimited, but the more the event account becomes refilled, the more of its influence reflect on the final points. More details about this aspect of tournament are described in the corresponding article of the “Help” page.

About the rebuys quantity

As it was mentioned, the refills of account for competition is not defined, but there is one important condition to fulfill before the transaction can be accepted – the balance with open positions profits at the moment should be less than the initial capital. For once, at the beginning, one rebuy is allowed regardless of the sum available. To see the exact conditions prescribed for this, the user should visit the “Help” center which gives the detailed explanation.

About the instruments

Usually, the event conditions limit the available range of actions to trading of options, but instead give a full freedom for assets involved. This is usually enough to demonstrate the traders’ potential within such limited time, allowing to select the winner fairly. Funding limits are also not set, giving the opportunity to make the all-in investment and see how it would turn out. As for more details, it is recommended to go for them to the FAQ page of the service.

Leaderboard

The system provides two lists of leaderboard – for regulars who would just want to know the potential winner, and for participants or interested users which would allow to see the full activity statistics. It may help in analyzing the working strategies, determine which method is more effective for the current situation. To access the extensive version, it is necessary to select “Read more” button, more details about the leaderboard are available in the “Help” section.

Sample

Out of the screenshots presented, the applicant can get the overall idea of how the event unfolds, consider the chances for taking part. If there are any questions remaining, they can be answered with the help of FAQ articles or relevant questions in the platform communities.