We've already published an article about free tournaments on our platform with relatively small prizes. We continue to develop them and invented fee-based tournaments where you can win higher prizes. Soon we will start weekly paid tournaments: some of them will be available for everyone, and others only by invitations to encourage all traders to try this.
Thus far we had several tournaments with small prize fund every day. However, in order to make it bigger and encourage our traders to have bigger profits, our team has launched a set of weekly fee-based tournaments, where the prize fund depends on the number of participants and their involvement. Participation and refilling fees form a prize fund of each paid tournament. Generally, 35-75% of all fees (depending on the tournament) goes to the prize fund. So, the rule is simple: the more people take part in a tournament - the bigger prize fund.
Joining to paid tournaments is easy: just choose the available tournament from the list on the tournaments page and click "Join", the participation fee will be deducted from your trading account. If you were invited to some tournament, you need to proceed by the link in the invitation. Also, if you lose all your tournament coins, you can refill it for an extra fee. Please note that the number of refills also may be limited. Check tournament details for more information about a particular tournament.
The mechanism of refilling in paid tournaments is the same as in free ones. You will need to confirm your intentions after pressing the "Refill" button because after this your trading account will be charged with a refill fee. Also, refills become available only when your trading account has less than 10% of the initial amount.
The most significant advantage of paid tournaments is that you will not risk your real funds for trading. So, you can earn big money and practice trading with higher amounts with relatively small investments. Also, apart from big profits, you can showcase the talent and demonstrate what you're really capable of.
Anyway, it is essential to understand that tournaments should be exercised responsibly. Even if you do not risk real money for trades and can always refill your tournament coins, try not to lose all of them too fast. It will be hard to start each time with the same amount after refilling. Use short term strategies and increase your balance little by little. You can always choose a strategy according to your account balance. The strategy is based on a course of actions that will lead to the best results. Whether these actions are aggressive or moderate is up to you. Generally, there are two strategies:
- aggressive ALL-IN;
- safe Martingale.
The aggressive strategy is fine if you believe that have nothing to lose (ideal for those who have nerves of steel). At the beginning of a tournament, you can use this strategy if you're sure about the conditions on the market that will lead you to profits. With this strategy, you can earn and lose all your money very fast. We can recommend you to divide your initial capital by ten parts and make trades one by one with these parts.
On the other hand, with a moderate Martingale strategy, you will have low income and most probably will spend more time, but your account balance will gradually grow.
However the world isn't always black and white, so you can combine these strategies. In the beginning, you can be more aggressive, and after a couple of good trades, you can continue with Martingale. Given that you were able to increase your capital by 3-4 times, then theoretically, your minimum bid will be 3-4 times more than if you'd initially started with Martingale.
So, such a simple trick will help you to avoid losing your capital all at once and increase your chances of winning.
We believe in our traders and know that you definitely will find your success and boast about it. That's why each trader who wins a tournament can share the results on Facebook, Twitter or copy a link with the results and post it on any other website.
The desire to share experiences about your success may bring you extra bonuses! When you share your results, you share your referral link as well. If your friends or somebody else register on our platform using your link and make a deposit, then it will bring you extra real money on your trading account!