Binary Options Weekly Contest

Please find below the terms and conditions. By joining the contests, you agree to abide by these terms and indicate confirming your acceptance.

1. The contests are usually held once a week, and it is probable to hold up to four tournaments each month.

2. Most contests charge a small fee of $5-10. However, some contests may be organized without a fee.

3. Contestants shall carry out all operations on their contest account, and all transactions must be according to our terms and conditions.

4. Creating more than one account is prohibited, and violators will be eliminated from the contest.

5. When the contest starts, the Starting Balance will be credited to your Contest account. This amount and the profits will be removed from the client's account once the contest ends.

6. The starting balance for this contest is $10,000.

7. If your account balance is less than $1,000, you can recharge your account using the recharge packages available at the top of your trading room.

8. Winners are determined and ranked based on their total balance at the end of the tournament. You can always check your current rank in the leaderboard on the “Contest” page.

9. Contestants ranked in the top 10 will receive cash prizes.

10. Results are published within 48 hours from the end of each contest.

11. The prizes are credited to the winners’ trading account automatically.

12. A winner can withdraw their prize at any time after it is credited to their trading account.

13. Contest participants who abuse the system will be eliminated.

14. Contestants are not allowed to sell or transfer their contest account to others, and the offender will be eliminated from the contest.

15. All the requirements will be announced before starting a contest.

16. The Company reserves the right to add, change, modify, or remove portions of these terms at any time without prior notice. Please check this page frequently to ensure you are aware of any changes.

17. To make the contests more practical and to create more opportunities for everyone to win, each competition's winners will be removed from the contests for two rounds and the second place of each round for the next round. After this period of suspension, they can participate in the tournaments again. It should be mentioned that VIP members are an exception to this rule! However, if a VIP member wins a contest, they will be eliminated from the upcoming tournament but receive a waiting period award!

    * Waiting Period Award: Each VIP member who wins a round of the competitions and is absent in the next round will receive a $10 prize daily (maximum $100 in competitions taking more than a week).

18. At CloseOption, we believe in fair play and equal opportunities for all users. If you are a non-diamond user and manage to secure victory more than seven times, we have a special provision to keep the competitive spirit thriving. Your Contest account will be temporarily suspended for six months. You can submit a request to rejoin the contests, and our team will review it carefully (they may accept or reject it). Please note that this restriction solely pertains to Contest accounts, and you can continue trading on your Real and Demo accounts.

19. Once your balance reaches $20,000, we will give you a chance to double your balance using an accelerator coin. You may also be granted a second-chance coin to recharge your account for free.