Quotex Tournaments Explained
Affiliate disclosure: BrokerGrove may earn a commission if you open an account or register through links on this page. This does not affect our editorial assessment. See our Affiliate Disclosure.
Tournaments are timed trading contests on Quotex. You join a competition, trade a separate tournament balance during a set window, and traders are ranked by how much they grow that balance — the top of the leaderboard shares a prize pool. Some tournaments are free to enter; others charge a fee. They can be a fun way to practise under pressure, but they are still a high-risk, competitive format, and paid entries put real money at risk. Here is how they actually work.
How a tournament works
The general structure is consistent:
- Join an open tournament from the tournaments area of the platform.
- You receive a separate tournament balance (not your main account balance) to trade for the contest.
- Trade during the window — anywhere from minutes to several days, depending on the event.
- Traders are ranked by the value of their tournament balance at the end.
- The prize pool is split among the top finishers per the event rules.
Because you trade a dedicated balance, your main account is separate from the contest itself — but the entry fee (for paid events) does come from real funds.
Free vs paid tournaments
| Type | Entry | Prize pool | Who it suits |
|---|---|---|---|
| Free | No cost | Usually smaller | Trying the format with nothing at stake |
| Paid | A set fee | Often larger, fed by entries | Those accepting the fee as money at risk |
Free tournaments are a low-pressure way to see how the format feels. Paid ones raise the stakes in both directions — bigger potential prizes, but your entry fee is gone whether you place or not.
The catch to understand
Tournaments reward the highest return over a short window, which quietly encourages exactly the behaviour that ruins accounts: oversized trades and constant risk-taking to climb the leaderboard. That is fine within a fixed tournament balance you have accepted as spent — it is dangerous if it bleeds into how you trade your real account afterwards. Keep the mindset separate.
A sensible way to try one
Start with a free tournament, or practise the format on the demo first, before ever paying an entry fee. You can open a free account and explore what is available. If you do enter a paid event, treat the fee like a spent ticket, not an investment — and read risk management so the leaderboard mindset does not follow you into real trades. For the basics of placing trades, see how to trade on Quotex.
Sources used: - qxbroker.com — official platform - BrokerGrove — How Quotex works - BrokerGrove — Risk management
Try Quotex with a free demo account
Start with $10,000 in virtual funds. No deposit needed to explore the platform.
Open free demo accountTrading involves a high risk of losing your capital. Only use funds you can afford to lose.
Frequently Asked Questions
How do Quotex tournaments work?
You join a timed contest, trade a separate tournament balance during the window, and get ranked by how much you grow it. Top finishers share a prize pool under the event's rules.
Are Quotex tournaments free?
Some are free and some charge an entry fee. Free tournaments let you try the format at no cost; paid ones have larger prize pools but the fee is real money at risk.
Do I use my real balance in a tournament?
You trade a separate tournament balance, not your main account. For paid events, though, the entry fee itself comes from real funds.
Can I actually profit from tournaments?
Most participants do not finish in the prizes. Tournaments are competitive and high-risk; treat any entry fee as money you may not get back.
Should beginners join paid tournaments?
Better to start with a free tournament or the demo first. The format rewards aggressive trading, which is risky to carry into a real account.
Last updated: . BrokerGrove — independent reviews for Bangladeshi traders. This is an unofficial website not affiliated with Quotex.