IQ Cent Free Tournament

How Weekly Tournaments Run

With us, the weekly trading tournament starts every Sunday at 21:00 GMT. By the following Sunday around 20:30, the contest wraps up and the leaderboard freezes. No registration forms at all. If your account balance is at least $250, you’re in by default. Every trade above $1 starts adding up toward your weekly contest result. That’s it - just trade, hit the threshold, and start competing.

You can place trades on forex, cryptocurrencies, commodities, or indices. CFDs on some assets may not add to your score, depending on the instrument. Binary options are a key component, though other eligible assets may also count for the rankings. All trades are counted instantly, so the more you trade above $1, the more you climb.

There is a $20,000 prize pool for each contest. First place claims $5,000, second scores $3,000, third gets $2,000. Fourth through tenth positions receive smaller cash bonuses or even tech gadgets.

Your Dashboard for Contest Stats

The contest panel sits inside your main account under “Trading Contest”. It shows live rankings, how much time is left, prize details, and how many qualifying trades you have made. Board positions shift as new trades come in, always active while the contest is running.

See your qualifying trades compared to everyone else. Once Sunday evening arrives, you’ll get a message sent to your registered email if you’re a winner. There’ll be steps for claiming your cash or confirming an address for a shipped item. Cash prizes land straight in your account. Prizes like phones will need quick delivery details with our support team.

Winnings from bonuses come with conditions if you’re already deep into bonuses from deposits. Cash prizes are generally free from bonus requirements, but withdrawal may require verification - they’re yours to use quickly.

How to Join and Compete

Add at least $250 to your account with any of our deposit options. Click through to the “Trading Contest” tab. There is no button to join - you’re in if your balance is high enough. Look at the current leaderboard and rewards for this week. Make your trades using any eligible asset, just above $1 each. Check your ranking when you want. Keep the balance - you’re auto-added for the next contest week.

Auto-enrollment saves you the hassle; we wanted less obstacles, more transparency. In some tournaments, participation may be possible without a deposit, KYC verification, or a credit card.

What You Can Trade in the Tournament

The focus is forex. Major pairs like EUR/USD, GBP/USD, USD/JPY are most popular, but minors and exotic pairs are open too. In total, there are over a hundred forex instruments from the web terminal.

Crypto trade is in - Bitcoin, Ethereum, popular altcoins. Crypto markets don’t close on weekends, which suits if you prefer trading outside traditional forex hours, including Pakistani late-night sessions.

Commodities are approved: gold, oil, silver, as well as some agricultural contracts. Leading indices count too (S&P 500, FTSE 100, Asian regionals). Stock CFDs do not add toward your contest score.

Trading is in binary contracts - expiry from five seconds up to a month. High/Low trade types fit all included assets. Entry is from $0.01, but only trades above $1 (or equivalent) count toward your contest tally.

Prize Distribution

Here’s how the weekly $20,000 is split up:

Cash prizes are added directly to your balance, eligible for withdrawal. Withdrawals start at $20 and process through cards, bank wire, or crypto wallets, depending on the method. We add zero extra fees, but your payment provider may apply normal charges.

Bonus credits appear on a separate line and require meeting turnover targets before cashing out. Physical rewards may be available in select regions and shipped to verified addresses where permitted. Customs may hold parcels a few extra days.

Account Access from Pakistan

Registering and depositing from Pakistan is open, with no restrictions by country. You’ll need to supply normal identification - your name, email, phone number. We might ask for a government-issued ID to keep accounts secure and limit fraud.

You can deposit with international Visa or Mastercard, debit or credit. If you want alternatives, crypto deposit (BTC, ETH, LTC) is ready and avoids currency conversion fees. The minimum for standard users is $250, which also fits the contest’s minimum.

Wire transfers work for larger amounts, though usually take 3 to 5 business days. Apple Pay and Google Pay are available for mobile deposits, on supported devices.

Withdrawals are usually fast: crypto within an hour, cards within 1-2 business days, wire transfers taking a bit longer depending on local banks in Pakistan. Every transaction uses your selected account currency - USD, EUR, GBP, or RUB.

Platform Tools

All features are available in the browser-nothing to install, works on laptops and phones. Charting comes from TradingView with indicators, line tools, and several timeframes - crucial for trade analysis.

We provide AI Trade, which can offer suggestions from previous pattern recognition and market signals. You decide which prompts to follow, always optional, never automated unless you want.

You can exit trades early if volatility spikes and you want to save profit or cut a loss, using Early Close. Increase the trade size quickly with Double Up. Need more time? Rollover lets you extend the expiry for an extra premium. We kept these features visible, even during contest weeks.

You can switch to a demo mode, too, which matches the live platform if you need to test strategies without risking anything.

Risks and Trading Habits

Competing in tournaments means trading more frequently, aiming for a spot on our leaderboard. This can push people to make more trades than normal. We recommend setting your own risk limits, separate from contest goals, to keep your main capital safe.

Every $1+ position counts up, and if you run dozens of trades, capital can be exposed to significant loss. A run of 100 $10 positions could cost $1,000 if every position closes out of the money.

Leverage may be up to 1:500 for eligible clients, subject to local regulations, so both profits and drawdowns can be fast and large. Taking max leverage during busy contest periods might clear balances quickly, so we suggest careful use even in competitive weeks.

Bonus money that gets your balance above $250 won’t be withdrawable until you finish the full turnover. If your $250 is almost all bonus, prepare for withdrawal conditions.

1. Make sure your balance is $250 or higher - cash or bonuses count.
2. Head to the contest tab - see current standings, prizes, and qualification rules.
3. Keep trading eligible assets above $1 per position until Sunday evening.
4. Track your standing, compare trades, and when results come, check your email for next steps.

With us, contests remain easy to access but remain serious in competition. Regulars and new users in Pakistan all compete under the same structure, with real prizes handed out every Sunday.