00:00Gus Schmidt and I'm back again with a new trading video.
00:05So today I wanted to alert everyone about Close Option,
00:08how they've eliminated the contest fee for their weekly contest accounts.
00:15Now the contests, which have been running for many years,
00:19are absolutely free to traders and wannabe binary options traders.
00:27So they've been doing this.
00:29I've been on Close Option for many years, since 2018.
00:34I'm a veteran Close Option binary options trader.
00:39I have many videos on my channel that discuss my interactions with Close Option,
00:46how to trade on Close Option, how to open up an account, how to verify your account.
00:54So there are plenty of videos.
00:56I'll have some links to some of the videos that I talk about Close Option in more detail.
01:02But today I just wanted to mainly talk about them eliminating the contest fees.
01:09So the contests run every week, and there are various prizes that are available.
01:17And so if we click on, let's go.
01:20Okay.
01:20So there are seven winners' cash prizes every week.
01:27And so, but they've done an additional thing where there are other 30 people that get rewarded
01:34with a, I believe, a $500 prop trading account.
01:41So, yeah, the top seven traders share $1,000 in cash prizes, absolutely free, nothing, no cost to enter.
01:50And the other 8 to 30 that are ranked receive a $500 free prop trading account.
01:59Okay.
01:59So this is an amazing situation here.
02:04All right.
02:05So the binary options, like I mentioned, the contests occur every week.
02:11They begin on Mondays and on Fridays during the regular trading week here.
02:15And so today is Thursday.
02:17So the current contest is going to end tomorrow.
02:23There's a countdown timer here in about 19 hours.
02:27And so the total prize pool, like I mentioned, is $1,000.
02:32First prize winner gets $350.
02:35Second prize, $250.
02:37Third prize, $150.
02:39Okay.
02:40So they have a lot of traders here that participate in these contests.
02:46And like I mentioned, it's free.
02:49In the past, they, I believe, charged a minimal fee, like maybe $5 or $10.
02:54But now they've made it absolutely and completely free.
02:58And so a lot of people don't know about close option.
03:03I don't think too many people know about this binary options broker.
03:07They accept people from all over the world.
03:11And so they have quite a following.
03:16These contests are extremely popular.
03:19And so, like I mentioned before, the first prize is $350.
03:27Second prize, $250.
03:29Third place is $150.
03:32And then they have fourth through seventh place.
03:36Fourth is $100.
03:37Fifth is $75.
03:39Sixth is $50.
03:41And seventh place is $25.
03:44But would I also mention that the top 30 traders, I believe, get a – they're going to be getting
03:51a prop firm trading account free.
03:52So you can test your prop trading skills.
03:57All right.
03:58So here's the leaderboard here, the current leaderboard of various people.
04:02And they have the flags of the countries they're from.
04:05We have Japan, United States, France, the U.S. here.
04:10The names of the players here.
04:14And here they have recent winners and the prizes that they've won.
04:19And like I said, they actually do pay out these prizes.
04:24I've received cash prizes myself over the years.
04:30Sometimes just for being on the platform, they'll send you a little bonus.
04:35They'll send you $5.
04:35You even get, I believe, a $10 sign-up bonus for free when you just sign up with the platform.
04:43I'll have the link to the platform in my video comments and or my video description or channel bio.
04:54Okay.
04:54So like I said, it's absolutely free test – no, risk-free trading to test your trading skills.
05:03And you can participate every week in the contest accounts.
05:08All right.
05:08So I'm going to end the video here.
05:11I'm not taking too long.
05:12I just wanted to talk about the weekly contests and how the close option has made them free.
05:18All right.
05:19So I'll see you in the next video.
05:20Gus Schmidt.
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