Try trading on a Free Demo Account.
Binary demo account and its advantages
Demo version has a clear purpose, allow the traders to try binary trading on a real market without the risk of losing their own funds. Practice demo account will therefore not generate you any profit, it serves only as an indicator which shows you how would you probably do with your real account. Besides the fact that you have thanks to a 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 and not able to make a real profit.
IQ Option – no deposit unlimited demo account (tested, trusted)
IQ Option started in 2013 as a small binary broker. Now in 2017, it has over 20 million accounts and still counting and it has become the biggest binary broker in the industry. Its popularity gained mainly due to high-quality services and offer. IQ Option enables trading literally to anyone, as it offers free unlimited demo account without the need of first deposit. IQ Option offers one of the highest payouts in the industry, so you might even think about trading here with real money one day. 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
General warning: Your Capital might be at risk
Purpose of Demo account and the difference between Demo and Real account
Demo account is undoubtedly great opportunity to try trading without taking any risks. 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 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.