IQ Option offers a free practice account with a $10,000 virtual balance, no deposit and no time limit. Opening one takes about a minute. In this article, we explain how to open the IQ Option demo account, how to refill the balance, what you can do with it and what changes once you switch to real money.
How to get a free IQ Option demo account
The demo account is created together with your IQ Option account. You only need an email address and a password, and no deposit is required.
- Visit the IQ Option demo page (Risk warning: your capital is at risk)
- Click "Get Started for Free"
- Enter your email address and a password, then select your country of residence
- Click "Sign up"
- The trading platform opens on your practice balance of $10,000 and you can start placing trades with virtual funds
Your practice balance is ready right after registration
Is the IQ Option demo account free?
Yes. The practice account at IQ Option is free to use and there is no time limit on how long you can keep it. After registration, you receive $10,000 in virtual funds that you can use to practice your strategies or get to know the platform. The virtual money cannot be withdrawn or transferred to your real balance.
How to refill your demo balance
If your practice balance drops below $10,000, you can top it up again for free, as many times as you like.
- Make sure you are on the practice balance (shown in orange)
- Click the "Deposit" button in the upper right corner
- Choose "Fill up to $10,000"
- Your practice balance is updated immediately
If you want to practice with a different amount than $10,000, you can contact IQ Option support and ask them to set your practice balance to another amount.
Demo and real account at the same time
Every IQ Option account comes with both a practice balance and a real balance. You can keep using the demo even after you start trading with real money, so you can test an idea on the practice balance first and only then decide whether to place it on your real balance. To switch, click on your balance in the upper right corner. The practice balance is shown in orange and the real balance in green.
What you can do with the IQ Option practice account
The practice account at IQ Option gives you the same platform as the real account. The charts and quotes are the same, so you can:
- trade every asset available on the platform with virtual funds
- use technical indicators, graphical tools and multi chart layouts
- follow market updates, the economic calendar and historical quotes
- watch the video tutorials
- contact customer support from your practice account by creating a ticket
Demo vs real account: what changes
The platform is the same, but trading real money is a different experience. Keep these points in mind before you switch:
- Emotions: losing virtual money is easy to accept. With real money, fear and greed affect decisions much more, so results on a demo do not guarantee the same results on a real account.
- Position size: with $10,000 of free money, it is tempting to open trades far larger than you would with your own funds. Practice with the amounts you plan to use on a real account.
- Minimum deposit: a real account at IQ Option can be funded from $10.
- Bonus: new clients can apply the IQ Option promo code WELCOME100 on their first deposit for a 100% deposit bonus, up to $1,000. The bonus comes with a trading turnover requirement, so read the conditions before you apply it.
Risk warning: your capital might be at risk
Frequently Asked Questions
Yes. You do not need to make a deposit to use the practice account, and there is no time limit on how long you can use it.
The practice balance starts at $10,000. You can refill it back to $10,000 for free at any time with the "Deposit" button while you are on the practice balance.
No. The practice balance is virtual. It cannot be withdrawn or moved to your real balance.
Click on your balance in the upper right corner of the platform and choose the practice or real balance. The practice balance is shown in orange and the real balance in green.
No. Promo codes apply to real deposits. New clients can use WELCOME100 on their first deposit for a 100% deposit bonus, up to $1,000, subject to IQ Option's bonus conditions.
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