Once every other month the Quotex trading platform gives it’s users an opportunity to participate in trading contests and to earn more money.
One such contest/tournament is the Quotex weekly tournament with a price pool of $10,000 that started today 20th February 2023 and ends on 27th February 2023.
In a nutshell, a tournament like this one is a competition between traders on a trading platform. In this case, Quotex.
When you join a trading tournament, you get nominal trading units that is the same of everyone else. For example, if after reading this post you decide to Join the weekly tournament in Quotex and choose the one with $10 entry fee, you will get $100 credited to your trading account that’s automatically created by the system for tournament trading.
You can spend this $100 however you like to grow your account and become the top trader of the week and earn up to $10,000 reward.
Here’s how the tournament board looks so far. I have just joined and my tournament account has been credited with $100.
As it stands, DouG from Brazil is leading with $1230.53 account balance and $3000 reward from the prize pool.
I haven’t started trading and that’s why my balance is still $100 and the price pool on my dashboard is $0.
As the week progresses, I hope to go to the top of the table and earn more rewards in the process.
Frequently Asked Questions
a). What is the price of entering a tournament?
Depending on the objectives you have in mind you can enter Quotex tournaments with $1 or $10. If you enter the tournament for $1, you will get $10 credited to your tournament account for FREE for trading.
If however you choose the $10 tournament, you will get $100 credited to your account and you can earn up to $10,000 if at the end of the week you are the top trader.
2). How does Quotex determine tournament winners?
Quotex gives tournament rewards to the traders with the highest account balance in a trading week.
There aren’t any rules as to how you should trade. As long as you can top the charts, you will earn the rewards.
3). What happens if you enter the Quotex Weekly tournament and fail to trade?
If you do that, you will be disqualified from the tournament.
Remember, Quotex immediately creates a tournament account for you and credits it with money you can use to trade to top the charts.
This is free capital for trading and if you ask me, I’ll say use it to trade your way to success.
4). Are there FREE to join tournaments in Quotex?
You can get tournaments that do not require any joining fee in Quotex. Visit the official Quotex website to check what’s currently active.
5). I see a rebuy button on my Quotex dashboard. What is it for?
The rebuy button is used to revert the Quotex tournament balance to the initial amount. For example, if you went for the $10 option and got $100 in your tournament account, you can use the rebuy option to refill your account if you run out of trading capital.
6). If I win the Quotex tournament, when will I be paid?
Payouts for tournaments in Quotex happen once every week i.e, 24 hours after the tournament has ended.
Should you win, Quotex will credit your trading account with the price money and you can withdraw at your convenience.
Quotex $10 tournament is held every week and it has a total prize pool is $10000.
To participate you need to register and pay the entrance fee ($10), after that $100 will be deposited to a special tournament account.
All conditions in the tournament are the same for all participants. Within one week participants will be performing trades on a tournament account. And 5 traders with the biggest tournament balance will become winners.
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