Binary Options Demo Accounts

If you have discovered Binary Options trading for the very first time, then you will be overwhelmed to find out the different kinds and types of trading you will be able to make when you get online. Many trading sites provide demo accounts to its traders upon signup and registration.

There are numerous advantages of setting and trading using the Binary Options demo account, and its importance should not be neglected at any cost. Trading online in Binary Options can be a bit confusing at times because you will need to master the different trading platforms offered by the broker. The only way to learn the trading platform and get acquainted with the trading tools is through the demo account. When you are fully aware of the different trade platforms, you will be in a better position to trade and make good money in return.

IQ Option Free Demo

If you are new in the world of Binary Options trading, then you need to continue reading because it will help impart valuable information. Here we have tried to enlighten you by providing every bit of information you need regarding Binary Options demo account. If you are a rookie, then you should set up a demo account and learn about the intricacies of the trading platform before you start trading in the real environment.

How Do Demo Binary Options Account Work?

When you get online, you will find some brokers that offer free demo account to its trader. All you need is to sign up and register online. You will be provided with a demo account where you can place any number of trades but in a virtual environment. It is just like real trading but only for training and making you acquainted with the broker’s trade platform. In this type of account, you will not be forced to make any deposit, and all the winning and losses are not for real.

There will be no restrictions of any kind on the different assets, currency pairs, indices etc. you can trade against with the broker. Once you sign up, you will be provided with a certain number of demo credits which can be used for trading across the asset index.

If you have used all your demo credits, then the same can be restocked by sending a request to the broker. If you are considering a career in binary options trading, then make sure that you always use the demo account feature because it will make you familiarise with the trading platform and you will be able to place trade confidently and without fear.

How Can I Set up a Demo Account?

If you think that setting up a demo account is a difficult task, then you are mistaken. It is a straightforward process where you just have to register with your choice of binary options broker from our list. Afterwards, you need to click on the demo account button where you need to fill in the details, and the account will be opened for you.

It takes less than 2 minutes to fill the online registration form and afterwards you will be provided with a unique username and password to log in to access the demo account feature.

Once your new demo account is created, you may log in, and you will find that it is pre-loaded with demo credits. The credits can be used to place trades online but in a virtual environment. You can use the main menu of the broker site to navigate across the trading platform and access the trade market.

Once you have found your choice of Binary Option that interests you, click on the Call or Put button depending upon whether the commodity price is going to rise or fall at the end of the expiry period. After that choose the number of demo credits required to place the trade and then click on OK or Confirm button and then your deal will be placed.

If you want to learn about the status of your existing as well as earlier placed binary options trade, you need to click on the History button simply. It will bring a complete list of all the trades that you have put using the demo account with full details about your profits and losses.

At any point in time if you feel that you are ready and don’t want to use the demo account any further, then you may click on the real money version of the trading platform. You need to make some deposit using any of the preferred banking methods, and you can then start placing trades. It is to be noted that for new customers who deposit money for the first time, they will be eligible for a welcome bonus which can be claimed later on.

What Are the Benefits of Using a Binary Options Demo Account?

There are a lot of advantages you will start experiencing once you start using the demo account feature offered by the broker. The most significant benefit is that you can use the account at various other sites that allow you to find a trading platform that you see the easiest one to use.

Different binary options site offer different types of trade platforms and not every one of them can be user-friendly. So by setting up a demo account, you will be able to get acquainted with its intricacies and learn more about the platform before you start trading for real.

If you are new in the world of Binary Options, then this demo account will help you place different types of trades like for instance Full-Time Period Binary Options, One Touch Trade etc. and you will be able to trade in currency pairs as well.

Once you are familiarised with the demo account, you can immediately switch over to the real trade version where all the profits and losses will be for real. As we have mentioned earlier, we have listed plenty of binary options brokers on our site that offers welcome bonus to new traders. The bonus amount can be utilised for making profits.