Many Binary Options Brokers are willing to provide customers with a demo account, to test their platform and practice trading strategies.
It is surely a useful feature that comes handy for beginners before they actually trade with real money.
How do you ask a Broker to activate a Demo Account?
1. Open an account on the Broker’s site, taking into consideration all the different offers.
Our recommended brokers for newbies are:
IqOption is fully regulated and authorized to operate all over European Union (EU), Asia and South America. IqOption is an excellent broker that allows customers to deposit small amounts (starting from $10) and to open trades with as little as $1. IqOption allow their customer to open a demo account without deposit.
OptionWeb for the fact that their minimum deposit is $200 and because it allows you to open trades with real money starting from $5, but also because it’s the broker that has been on the market the longest, it was the first broker to be regulated, and finally because it’s the one with the least complaints and disputes. It is the most appreciated Broker in France and it’s now paving its way in the market.
The Demo Account is enabled as soon as the fist deposit is made, further to the request for activation to the Account Manager (Last update May 2016)
2. Make the minimum deposit.
A part IqOption,currently there are no regulated platforms that offer Demo Accounts without a minimum deposit.
However, this is not a big issue since there are platforms that allow depositing amounts as low as $100.
3. Ask your Account Manager to activate your Demo Account.
Right after your registration you will receive your Broker’s contact. Get in touch with your Account Manager to request the activation of your Demo Account so you can practice on the platform.
Clearly the Broker wants to ensure itself that you have serious intentions so that there are no Demo Accounts given without a minimum deposit. With a minimum amount of $200, you can enjoy the Platform of a Professional Broker.For instance, a Bonus of 1,000 euro with a multiplier of 25, means that you will be able to withdraw your profits only once you have reached a trading volume of 25’000 euro.
Many of the disputes related to binary options arise mainly from the misunderstanding of the terms applied to the Bonus system.
4. Assess if it is convenient to accept bonuses or promotions offered by your Account Manager
In most cases you will be offered a Welcome Bonus or other kinds of promotions. We recommend you to evaluate thoroughly the terms of such <<giveaways>>.
Particularly pay attention to Bonuses that, once accepted, require a trading volume of 20 to 40 times the value of the bonus itself.
5.Train yourself with a Demo Account for as much as you need
Take advantage of your Demo Account, so that you can get into the mechanism of Binary Options and sharpen up your trading strategies.
When you feel confident enough to move to trading with real money, take action, but remember, even if you have achieved amazing results with your Demo Account, you should always proceed cautiously and modestly.
Vanity is the Trader’s worst enemy!
Does a Demo Account with NO Deposit, exist? YES, and with a good broker too!
We would like to recommend IQOPTION, this broker that is regulated in Europe, Asia and Sout America (probably it is the most secure broker).
We truly appreciate it and love to trade with IqOption Demo Account
IqOption, is a well renowned Broker all over Europe and Asia. Thanks to its excellent platform, brilliant reviews and rapid withdrawals process it represents the most reliable and trusted broker today on the market:
- Free Demo Account, also without a deposit
- Minimum deposit starting from $10
- Minimum trade starting from $1
- Highest payouts
- Top performing platform
- Rapid withdrawals
- Brilliant reviews on all national and international forums
For all of you that are looking for a minimum deposit or a free demo account, IqOption is no doubt the best choice on the market.