Is Binary Options Demo Trading the Wrong way

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

Best Binary Options Demo Accounts

Binary options are one of the simplest ways to invest in the financial markets. All it takes is a demo account to get started.

Damyan Diamandiev
Contributor, Benzinga

Binary options are one of the simplest ways to invest in the financial markets. It’s a preferred way of trading among investors, especially beginners. However, “easy to do” is not enough to be successful. You’ll need to test your success on a free binary options demo account. If things work out there, then you can switch to trading with real money.

Quick Look: The Best Binary Options Demo Accounts

  • IQoption
  • Binary.com
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What are Binary Options Trading Demo Accounts?

A demo account is a practice trading account which works just the same as a real money account operates. You can test your strategies and success with virtual money on demo accounts. Free binary options demo accounts contain real price moves, so you can check to see if your trading system works without putting your financials at risk.

You’re likely to have access to all available financial assets and all trading tools, just like in a real account, but the “money” in the account is virtual. Also, you can change the amount to adapt to a real-case scenario.

Example: You want to start trading binary options with $5,000 but you are not sure of your strategy.

Solution: You open a free binary options demo account with a broker. You change the virtual amount of money in the account to $5,000. Then you are ready to go same as if you have opened a real binary options account.

Why Use a Demo Account for Binary Options Trading?

The first step you’ll take toward actual trading is to open an actual demo account. There are a few main reasons why you should start by using a demo account.

  • Get used to the interface. Most likely, you’ll open a demo account with the broker you’re considering for real money trading. A demo account with this actual broker will get you used to the interface you’ll use once you’re trading with real money. That way, when you start with real money, you’ll know the functionality of the platform you’ll use.
  • Practice. If you’re a beginner binary options trader, you’ll need to practice the order-opening process. Call and put binary options can be challenging, so play around with the expiration of the options. Learn how to adapt to different situations on the market using news announcements and financial data releases.
  • Test your strategy. Prepare a strategy. To figure out the signals you will use to buy binary options, you’ll need to test and optimize your strategy without risking any money. And you can do this forever until you find out whether your strategy is working.
  • Test your money management skills. You’ll need to trade only small parts of your bankroll to avoid bankruptcy. Let’s say you want to deposit $3,000 for trading. You decide that you want to invest $1,500 in each of your trades. If you fail two times in a row, you will go bankrupt.

Question: How likely are you to fail or go bankrupt?
Answer: Very likely. You can avoid this by putting small parts of your bankroll in each trade, say, 1%. This way, you will need to be wrong 100 times in a row to go bankrupt.

If you trade successfully on a demo account, then you can consider switching to a real money account. Apply the same strategies there and you are likely to get the same results.

What to Look for in a Binary Options Trading Account

Your broker research should start before you open the demo account, and the characteristics to look for are listed below.

Regulated Provider

Be sure to target only regulated brokers. A regulated broker is subject to the law of the country of regulation. After all, you’re giving your money to somebody, and if a dispute arises, you want to make sure that it gets resolved fairly.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

Longevity

Most scam brokers get shut down after a year or two. If a broker has existed for many years, it is less likely that this broker is a fraud.

Positive Online Reviews

Check out what people think of the broker you’re considering. Check for ratings, Google the company’s online reviews. Search for something that may trigger an alert.

Number of Tradeable Assets

A good free binary options demo account will have many tradable assets available. You don’t want to practice on an account that offers you only three currency pairs. Look for diversity. Diversified portfolios are the more secure way to go as you count on many institutions.

Friendly Interface

Your trading platform needs to be simple, straightforward and easy to understand. If you don’t feel comfortable with the demo account interface of a broker, change the provider. You won’t want to trade real money when you don’t like a particular interface.

Set of Trading Tools

The trading tools are a must for every good demo account for binary options trading. The more tools available, the better. After all, these tools will help you build your trading approach.

Dedicated Support

All reputable brokers offer dedicated support. Some companies even offer 24/7 support.

Red Flags to Watch Out for in a Binary Options Demo Account

Here are the most common red flags to look for when looking for a binary options broker.

Lack of Regulation

Do you have doubts about the regulation of a broker? Better find another one. Maybe the broker is subject to regulation in a less-developed country, or the regulatory body of that government is at a very low level. How likely is that it resolves a dispute in your favor? How likely is that it has a system for resolving such disputes? If this is the case, then you might want to approach another broker.

Chart Discrepancies

It’s always good to compare the charts of the different brokers. They need to look the same. If one is not the same as the others, then somebody might be manipulating these charts. You need to avoid market manipulation.

Online Money Disputes

Google to see if the broker has open money disputes, a major red flag. If it’s blocking withdrawals, you’re likely to find information about this on the internet.

The Best Binary Options Demo Accounts

Check out these top-notch binary options demo accounts.

2. IQoption

IQoption’s Key Facts

Regulation: CySEC (Cyprus)
Existence: 5 years
Tradable assets: 49; currency, companies, gold
Interface: Very simple and user-friendly
Trading tools: Decent amount
Support: High – 24/7

IQoption’s demo account platform. Source: IQoption

As you see, the IQoption’s platform is pretty simple. Furthermore, it offers a mobile app platform, which is even easier to use. The order execution is good and you can do plenty of trades for seconds.

You can switch between different charts. The default chart you will get is a line chart. But you can switch to a Japanese candlesticks chart a bar chart or a Heikin-Ashi chart. You can also change the colors of the charts.

In the left panel you have few buttons:

  • Total portfolio – shows all your current positions
  • Trading history – contains all your past positions
  • Chat & support – you can chat with the support or in channels with other traders
  • Leader Board – keeps track of the best traders with biggest profits
  • Market analysis – news and analysis from different providers
  • Video tutorials – you can watch all type of informative videos here
  • Help – gives you a hand with administrative and general questions

At the bottom of the chart, you can pick a different time frame. Note that you can also change time frames by scrolling with the mouse.

You can choose between a rich set of trading tools. Some of these are:

Different types of lines:

  • Rays
  • Trends
  • Horizontal and vertical lines
  • Fibonacci levels
  • Moving averages
  • Bollinger Bands
  • RSI
  • MACD
  • Parabolic Sar
  • Alligator Indicator
  • ATR
  • ADX
  • Ichimoku Cloud
  • Momentum Indicator

There are even more indicators on IQoption. Honestly, they are not that much. But still, your technical analysis will be well supported.

2. Binary.com

Binary.com’s Key Facts

Regulation: British Isles, Malta
Existence: In operation since 2000, regulated since 2020
Tradable assets: 57; Currency, indices, commodity, volatility indices
Interface: Very simple and user-friendly
Trading tools: A rich set of indicators
Support: Decent

Binary.com’s demo account platform. Source: Binary.com

The platform of Binary.com is also simple. It consists of two parts, the upper part for trading and the lower part that contains the chart. These two parts might be a bit confusing as it is hard to look at both of them at once. If you zoom out your browser, you will make it work.

You can regulate the chart time frames from the bottom of the chart. You adjust a horizontal scroll, which shows what part of the chart you are covering.

Binary.com is not that rich on resources as IQoption. But they still have the most needed resources available. A disadvantage is that they only have line and dotted charts available. They don’t have Japanese candlesticks or bars, which might limit your analysis.

But on the other hand, they have plenty of indicators – more than 100. They also have chart templates. So, you can very easily save your template and apply it to another chart.

Final Thoughts

Demo accounts are a great solution for testing purposes, but you still need to do your research. Fraudulent brokers exist are only looking for ways to make you deposit funds. Even if you win money, they might not let you withdraw your profits. Follow the steps above to avoid scams, too.

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7 Binary Options

The Basic Tools for Successful Binary Trading

Binary options are complex, exotic trade options, but these are particularly simple to utilize and understand the way they work. The most familiar type of binary option it the high-low option and it’s relatively simple to comprehend. This technique is also referred to as the fixed-return option and provides access to commodities and foreign exchange, indices and stocks.

Trading with binary options is easy, and you do not need any previous experience. Below are some basic guidelines that we have compiled to help you start trading in a few minutes.

  1. To be a successful binary options trader, you need to use more than one broker. Choose one or more from our compiled list of brokers.
  2. Register with your chosen trading platform and deposit money to start trading. The minimum deposit for some trading platforms or binary options robots is only $ 100.
  3. Select the asset to trade. Trading platforms have assets such as currencies, indices, commodities, and stocks. You can choose to trade in currencies, the popular one being EUR/USD.
  4. Decide on the amount to invest. When investing in an asset, you will see the payout or the returns for the asset, which can go up to 91%. Make your prediction on the movement of the price of the asset. If you predict the price of the asset to rise, select Call (up). If your prediction is that the price will fall, select Put (Down).
  5. When the trading closes after the given time, for example after 60 seconds, if it is a 60 seconds investment and you have made the correct prediction, then you win. An investment of $ 100 with a 90% payout means that you will have made 90 dollars in a few minutes.

Free 10.000$ Binary Options Demo Account

Free Demo Account. Use the following form for registration.

A Binary Options Demo Account is a trading account with virtual money. You can trade the markets with real-time markets data for free without risk your own money. There is no need to deposit money to open this virtual trading account. For beginners, it is very important to practice the financial instrument “Binary Options” before investing real money.

Some beginners just want to try the financial product. It is important to practice how it works because trading Binary Options is very risky. If you make a wrong forecast, you will lose your invested amount of money. On the other side, the risk is limited to the bet amount. This is an advantage in contrast to other financial products.

On this website, I will show you how to open your free Binary Options Demo Account in less than 2 minutes. It is risk-free and you can charge this account in a few seconds if you lost money while practicing.

Just insert your real data into the table/page. In addition to that also you can use another Binary Options Broker for a free demo account. I recommend the broker IQ Option because the trading platform is very user-friendly. See the table below for other brokers.

What do I need to open the demo account:

  • Name
  • E-mail
  • Secure password
  • Telephone number (sometimes)

The registration is simple and easy to do. After you get access to the platform you can choose between the real and the practice account. It is possible to recapitalize the account with just one click. You can lose so much money how you want. But it is important to grow the account like the real account because you should asses the trading like it is real money.

Binary Options Demo without deposit

There are some brokers where you can use the demo account without registration too. According to that, I like to use a registered one, because I can switch between real and virtual money in a few seconds.

There is no need to invest money to get a demo account. In the past, some brokers wanted a deposit of a minimum investment amount. After that, they give you access to the trading platform. These practices are out of the date. The competition for brokers is huge and 99% of them offer a practice account without a deposit.

Open your free account with other brokers:

Best Platform
Highest Yield
Best Support

Broker: Review: Regulation: Yield: Advantages: Open Account:
1. IQ Option (5 / 5)
Read Review
CySEC (EU) up to 100%+
2. Olymp Trade (4.8 / 5)
Read Review IFC 92%+

Huge diversity
High Yield 92%
Bonus Program 3. Expert Option (4.8 / 5)
Read Review VFSC, FMRRC 90%+

Good Platform
Account Types
Good Education

Use now your 10.000$ demo account for free! Join the trading platform via app or computer. The broker provides you real-time market data. There is no difference between trading with virtual and real money.

Binary Options Demo with no registration and sign up

Expert Option it one of the brokers where you do not need a sign-up or registration for using the practice account. Also, there are brokers like Ayrex and Pocket Option which provide you this service. Just click on “try free demo” and you get access to the platform. In my opinion, this is a very fast and good way to open your practice account. On the other hand, sometimes the stats and history of the account will be deleted because of the cookies in your browser. That is why I recommend to fully sign up with registration.

The advantages of the demo account:

  • Recapitalize the account with one click (right upper corner)
  • Develop your own Binary Options Strategy
  • Practice the financial product
  • Learn to trade successfully
  • Use it unlimited

Why I should use a Binary Options Demo?

In my opinion, every beginner should use a Binary Options Demo Account. Nowadays it is free to create such an account. This is a huge advantage because in the past it was not for free. As a beginner, you should learn how the financial product Binary Options works. You need the right information and experience before you start to invest real money.

Most traders make the mistake to start trading without experience. In the Demo Account, you can learn more about the markets. As a result, you can develop own strategies to trade the markets successfully.

Using a demo account is like trading in real conditions, but without real money. Also with this account, it is possible to learn more about the trading platform of the broker. There are different platforms and execution methods. You should learn first how to execute a trade on the market as fast as possible.

The practice account is a part of your education for trading successfully. Any professional trader used a demo account before start trading the real markets. First of all, you should focus on your personal education. There are a lot of trading videos and tutorials on youtube. In addition, you can use the education center of a broker. Most brokers provide you with more than 100 education videos, webinars, and analysis.

The demo platform should be like the real money platform

There are rumors that some brokers manipulate the charts in the demo account to make the users win and feel good. I have no experience with such a technique. It is bad fraud. In addition, the profit should be the same. For example, some platforms offer you a profit of more than 90% in short-term or longterm trading. The practice account should work exactly in the way like the real money account.

Form my experience and reviews on this site you will find the best brokers who are regulated and reliable for trading successfully. Use brokers who are known and popular.

Also, Mobile Trading is available

Normally the practice account is available for any device. Most companies offer an app for mobile trading. In most cases, the mobile app works smooth and flexible like the online-platform. As a result, you can use virtual money like your real money. Make your first experience with the app or web version. Some traders prefer to use the app than the web version.

Nowadays mobile trading is an important point for professional traders. It is not possible to watch their own portfolio 24/7. Mobile trading opens new ways to be more flexible.

What you should ask yourself before trading Binary Options:

For successful trading, you should ask yourself some questions. With Binary Options you can make a lot of money in a few minutes. You can only lose your invested amount of money. But you should not forget the risk of trading the markets. For the best results try to practice different strategies and methods in the demo account.

  • What do I want to achieve with the investing of money in a high-risk financial product?
  • How much money do I want to invest after my demo account practice?
  • What should I do after a losing trade?
  • How I react to a losing strike?

Binary Options is a risky financial product where you can lose your invested amount of money. On the other side, you can make a huge asset profit in a short time horizon. No matter how much the market moves into your favor, you will always make a high profit if your price prediction is right. The most beginners trade emotional and irrational and without a strategy for the markets. First of all, you should learn a proper strategy before you invest real money. In the menu, you will find a successful and easy “strategy”.

The hardest way to learn to trade is to start directly with real money. The most traders blow up the account because of emotional trading and wrong money management. That is a common theme. If you use meaningful money management, the emotions are less. After a losing strike, it is hard to get self-confidence. In my opinion, you should not bet more than 2% of your whole account. Losses can be absorbed better!

Conclusion of an important topic for Binary Traders

Especially for beginners, it is important to try out Binary Options with virtual money. The advantages are that you can trade on real market data without risk. Switch from your demo account in 2 clicks to your real money account if you feel comfortable to trade with real money. Furthermore, it is important to develop new strategies in the demo account before you try it with real money!

On the other hand, you can try to trade new assets or financial products which you did not know before. IQ Option is a universal and flexible broker. You can trade Forex, CFDs, Stocks and more on one platform. The practice account allows you to try out new things.

Is Binary Options the best way to invest money?

Binary Options are a popular way to invest money. It is so popular because you can get a huge return in a short amount of time. Especially 60 second trades or less are very fast. With the practice account, you can try shorter or longer trades. In the financial world, there are different ways to invest money. The question can only be answered by yourself. That is why you should use the practice account.

Deposits after your practice time:

If you feel comfortable to trade binaries, you can capitalize the account with real money. This is very simple and easy too. Just complete the form with your real data and upload some documents for the verification. Verification is needed before you can withdrawal your profit! Use different payment methods to start trading with real money. IQ Options only needs a small deposit of 10$. You can start trading with 1$ investment amount on the platform. There are no hidden fees for you.

Use for your first deposit:

  • Bankwire
  • Credit card
  • Cryptocurrencies
  • E-Wallets (Skrill, Neteller and more)
  • Minimum deposit 10$
  • Minimum investment amount 1$

The advantages of IQ Option Demo

The best broker for a free demo account is IQ Options. The reasons are very simple. You can use the account for free and unlimited. In addition, recapitalize the account with only one click if you lost money. Switch between you real and demo account with one click, too.

For advanced traders, the account is suitable for improving trading skills and their own strategy. On the platform, you can use over 50 different indicators and a lot of different chart types. The education center of IQ Options provides you with a huge collection of video material. More than 200 videos are available for beginners. For further questions, you can contact the 24/7 support via phone, chat or email. The broker provides you the best trading experience of the world. In conclusion, the demo account can be used for practice and get more knowledge about trading successfully.

Actually IQ Option is the best Broker for trading Binary Options. High yields and a customizable plattform.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

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