Quotex Tournaments — Weekly & Monthly Competitions
Tournament Types Currently Running
| Tournament | Frequency | Entry Fee | Prize Pool | Duration |
|---|---|---|---|---|
| Weekly Slot Race | Every Monday-Sunday | Free (open to all) | $5,000-$10,000 | 7 days |
| Monthly Pro | 1st-30th each month | $50 buy-in | $50,000+ | 30 days |
| Asian Session Daily | Daily 00:00-08:00 UTC | Free | $500-$1,000 | 8 hours |
| OTC Weekend Sprint | Friday 22:00 to Monday 00:00 UTC | Free | $2,000-$3,000 | Weekend only |
| Special events | Quarterly (theme-based) | Varies | $25,000-$100,000 | Varies |
Weekly Slot Race — Most Popular
The Weekly Slot Race is the most accessible tournament — free entry, open to all account tiers, prize pool of $5,000-$10,000 distributed to top 50-100 traders by week-end. Leaderboard ranks by net profit during the week. Top trader takes ~$1,500-$2,500; positions 2-10 take $500-$1,000 each; positions 11-50 take $50-$200 each.
- Entry: automatic when you trade during the week (no separate registration needed)
- Tracking: position visible in Profile → Tournaments → Slot Race
- Leaderboard updates: every 5 minutes during trading sessions
- Eligible trades: standard binary options + digital options (Quick Deal excluded)
- Prize credit: prizes credited to account balance within 24 hours of tournament end
Monthly Pro Tournament
Monthly Pro has $50 buy-in (deducted from account balance at entry) and significantly larger prize pool ($50,000+). Top 1% of entrants typically take 60% of prize pool. Risk: if you finish outside top 30%, you lose the $50 entry. Reward: top finisher often takes $15,000-$25,000. Math: positive expected value only if you're confident your trading skill is well above average for the platform. For most traders, the Weekly Slot Race (free entry) is more economically rational.
Leaderboard Mechanics
Different tournaments use different scoring systems. Most common: NET PROFIT (sum of wins minus sum of losses during the period). Some special tournaments use: TOTAL WINS (count only, ignoring size), HIGHEST SINGLE TRADE WIN (rewarding lucky big wins), TRADE VOLUME (total stake across all trades regardless of outcome). The scoring method significantly affects optimal strategy — net profit favors disciplined trading; total wins favors high-volume trading; single-trade-win favors larger position sizes.
Tournament Strategy
- Strategy 1 — Free tournaments: trade normally; don't deviate from your discipline to chase leaderboard position
- Strategy 2 — Paid tournaments: only enter if you have >55% win rate documented over 200+ recent trades — otherwise negative expected value
- Strategy 3 — Single-trade-win tournaments: take a few larger position sizes during stable market conditions; standard discipline otherwise
- Strategy 4 — Trade volume tournaments: NOT recommended — incentivizes overtrading which destroys most retail accounts
- Strategy 5 — Watch your position on leaderboard daily; don't make dramatic strategy changes mid-tournament
Tournament Dangers
- Danger 1 — Chasing leaderboard: trader sees they're in 20th place with 2 days left; takes oversized trades to climb; often blows up
- Danger 2 — Sub-optimal asset selection: trading exotic OTC pairs because tournament rules favor specific assets
- Danger 3 — Over-trading: forcing trades when no setup exists, to increase volume or trade count
- Danger 4 — Emotional commitment: feeling locked into 'must place top 10' creates pressure
- Danger 5 — Falsified leaderboards (third-party fake tournaments): only trade Quotex's official platform-hosted tournaments
Tournament FAQ
Are tournament prizes paid in real money?
Yes — prizes are credited to your account balance, withdrawable like normal trading profits. Not bound by wagering requirements (unlike bonuses).
Can I withdraw during a tournament?
Yes, normal withdrawals work during tournaments. Withdrawals affect your account balance but don't affect tournament leaderboard position (since tournament tracks trading activity, not balance).
How are ties broken on leaderboard?
Standard tiebreaker: earlier trader to reach the tied score wins the higher position. Some special tournaments use alternative tiebreakers (highest single trade, most trades, etc.) — published in tournament-specific rules.
Do losing trades count toward tournament position?
Yes — net profit means wins MINUS losses. Losing trades reduce your tournament score. Discipline in trade selection matters in tournaments equally to normal trading.
Can I trade my normal strategy and win tournaments?
Yes — most tournament winners trade their normal strategy with discipline. Tournament-specific 'try-hard' strategies (oversized positions, low-quality trades) typically perform WORSE than disciplined normal trading. The skill that wins tournaments is the same skill that produces profits long-term.
Are tournament participants from the same skill level?
No — open tournaments include all skill levels. Some specialized tournaments restrict by tier (e.g., VIP-only events) which compress skill range. For most tournaments, you're competing against a wide skill range from beginners to professionals.
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