IQ Option tournaments terminated

IQ Option Tournaments Terminated

IQ Option Tournaments Terminated

Another piece of news from one of the most influential online brokers in the world. This time, we will be talking about IQ Option tournaments which have, unfortunately, been terminated by the company for some traders. Given that these guys have been doing pretty well recently, we think this information needs to be analysed more thoroughly to show you why this is happening and how the participants will be affected. Don’t worry, though, this is not a sign of the broker failing or anything like that. The reason behind this is actually fairly simple and straightforward. Keep reading to learn all about this turn of events.

IQ Option Tournaments Terminated | What are they?

Let’s start by explaining how this part of the offer actually works. Well, IQ Option tournaments will provide each participant with the same amount of virtual money for a fee. People then need to trade binary options and try to earn as much money as possible, with the winner being the person who gathers the most funds in their account. We took a slightly closer look at all of this in our IQ Option Tips and Tricks article, so if you want to know more about how everything works and what can be won this way head on over there. The feature is actually quite popular and can bring some pretty valuable prizes. “Well what’s the problem then?”, we hear you asking. We’ll show you that in the following part of the article.

IQ Option Tournaments Terminated | Regulation

IQ Option tournaments will be unavailable for traders from the European Union with the first day of November 2017. However, if you are from the EU and have entered a competition before that date and are still not done with it, you will not be affected. The reason for this decision is a request from CySEC, the regulatory body of the EU whose license IQ Option owns. The agency did the same for IQ Option Bonuses due to changes in the Union’s legislation concerning this particular type of trading. The broker had to comply in order to be able to continue to conduct business in this part of the world. Therefore, if you live outside the European Union, this does not apply to you and you can continue competing as usual.

IQ Option Regulation

IQ Option Regulation

IQ Option Tournaments Terminated | Conclusion

In short, IQ Options tournaments are not available anymore for traders in the European Union. This had to be done because of a request from CySEC to remove this feature from the broker’s offer. Therefore, if you don’t live there you won’t be affected by this decision in any way. The company still remains an excellent choice for all types of trades, primarily because of its low financial requirements and advanced technological features. They are continuing with their activities as usual, so if you haven’t done so already open an account with them and see why they are one of the very best trading companies in the world.

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