Throughout this article, you will get complete knowledge about Binomo tournaments, how to start, their types, and so on. Here you will find a complete guideline to tournaments.
What is tournament Binomo?
Tournaments are a type of competition designed to help you improve your trading skills while also earning extra income. They can last anywhere from a few hours to a few days. Each tournament has a different prize pool and conditions. It consists of the participants’ entry fees and will be divided between those who will be on the leaderboard. It turns out that the higher the cost of participation in the tournament and the greater the number of participants, the greater the prize fund.
Traders use special accounts with tournament virtual funds to participate in Binomo contests. It is available from the beginning to the end of the event, as well as for 24 hours afterwards.
Note! Binomo has its own rules for holding Tournaments. Please read them thoroughly before proceeding.
How do I enter a tournament?
Tournaments can be found on the official website www.binomo.com as well as in the mobile app. The first step to becoming a participant in the Binomo tournament is to choose one of them. If you’re a beginner, you can choose the “Daily free” tournament, but keep in mind that this competition is only available for APK and web versions of the platform; the “Daily Free” tournament is not available in the app.
Paid tournaments, on the other hand, are only available to customers with Standard status or higher on Binomo, i.e. those who have already deposited funds into the platform.
Binomo rules state that you can register before the tournament begins or after it has already begun. You can also participate in multiple competitions at the same time and switch between them.
Take the following steps to participate in the tournament:
- Get access to your Binomo account.
- Select the “Tournaments” icon on the left vertical bar.
- Select a tournament and pay the participation fee (if it is paid). Make sure your Binomo balance equals or exceeds the participation fee.
- Once the fee is paid, you will become a participant.
Note! Binomo has the right to cancel a trader’s participation in the contest if they engage in fraudulent activity or violate the terms of the Client Agreement.
Types of tournaments
As we said above, there are two types of tournaments available on Binomo: free “Daily Free” and paid ones. The free contest is an excellent opportunity for beginner traders to test their trading skills after learning on a demo account. There is no need to make a deposit.
Paid tournaments are more suitable for experienced traders. It is also worth considering that not all paid tournaments are available for the Standard account; Binomo has separate tournaments for Gold and VIP clients with an increased prize pool.
Note! The number of tournaments on Binomo may vary. Up-to-date information about competitions is always placed in the “Tournaments” section.
Is it possible for you to receive rewards?
Each competition on Binomo has a set number of leaderboard positions. Everyone starts with the same amount of tournament currency. And the goal of the majority of events is to achieve maximum balance at the conclusion of the competition.
Binomo allows you to rebuy to actually compete once your balance is low. Its payment will be deducted from the real account. To the right of the balance amount, there is a “Rebuy” button.
Following the conclusion of the tournament, the funds received will be available in the “Prizes” section. The prize will be deposited into the trader’s real account once it has been activated.
Note! If you have any problems or questions regarding Binomo tournaments, you can refer to the ready-made answers in the Help Center or contact support via chatbot Cody or email to firstname.lastname@example.org.
Binomo tournaments are a great way to not only test and improve your trading skills, but also to earn extra funds. Although the majority of the competitions are paid, “Daily Free” allows you to practice trading without having to pay any participation fees or deposits.
Please keep in mind that participation in any Binomo tournament does not guarantee additional income. Trading entails the risk of losing a portion or all of your investment. To reduce this risk, it is best to learn to read charts, analyze the market, and practice in the free tournament. Only deposit real funds if you are confident in your trading abilities.