Do you want to give Binary Options a shot without taking any risks?
Try trading on a Free Demo Account.
Notice:The European regulator ESMA made a prohibition of binary and digital options to retail traders from The European Economic Area starting from the 02.07.2018. In case you still want to trade binary options, you need to acquire the status of a professional trader on which this regulation does not apply. I recommend you have a look at the article – How to get the PRO status to continue trading Binary options
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.
Where to next? (If you do not meet the requirements)
- FX Options – Attractive alternative to binary options?
- Read our in-depth guide for cryptocurrency beginners
- Read how to trade forex and other CFD instruments
Traders outside The European Economic Area are not anyhow affected by this new European rule and can trade binary options (if the binary broker operates in a given jurisdiction).
Binary demo account and its advantages
A demo version has a clear purpose, allow traders to try binary trading on a real market without taking risk of losing their own funds. The practice demo account will therefore not generate you any profit, it serves merely as an indicator which shows you how would you probably do with your real account. Besides the fact that you have thanks to the practice account the opportunity to try trading on a real market, you can also simultaneously test any of your binary strategies along with broker’s platform. After creating a demo account, you can immediately start trading just like on a real account with the only difference that you will be trading with virtual funds, not able to make a real profit.
IQ Option – unlimited demo account without a deposit (tested, trusted)
IQ Option started in 2013 as a small binary broker. Now in 2018, it has over 25 million accounts and it has become the biggest binary broker in the industry. Its popularity gained mainly thanks to high-quality service and a highly competitive offer. IQ Option enables trading literally to anyone, as it offers a free unlimited demo account without the need for a first deposit. IQ Option offers one of the highest payouts in the industry for binaries, but it also features on its platform trading forex, CFDs, and cryptocurrencies. Creating a demo account is a matter of 15 seconds, then you can start trading with $10 000 imaginary chips right away.
- Website: https://iqoption.com/en/demo/
- Minimum deposit: 10 $
- Minimum deposit in order to create demo account: 0 $
- The period of validity of demo account: Unlimited
- The number of virtual money: 10 000 $
- Regulated: Yes, in Europe licensed by CySEC
77% of retail CFD accounts lose money.
Purpose of Demo account and the difference between Demo and Real account
A demo account is undoubtedly a great opportunity to try trading without taking any risks. The demo version will allow you to touch the real market with your own hands. You will get the feeling that this is the place where Warren Buffett, John Paulson and so many other wealthy people shaped their successful future. A practice account is good for finding out how broker’s platform work and what you can expect from it. But mainly it gives you the opportunity to verify your trading plans and strategies. Nevertheless, it doesn’t necessarily mean that you will make money on your real account just like you make them now on your demo account. Yes, the conditions are absolutely the same, but what is different is your perspective about the capital. Trading with real money is completely different and only a few traders are capable of the same behaviour on the demo as on the real account. I personally have a better experience with trading real funds no matter the capital size than trading with some imaginary chips. The thinking that you trade with something that you do not care about can not be ever fully suppressed.