IQ Option Demo
In the world of binary options trading, the IQ Option demo account stands out for a couple big reasons. Unlike many other brokers, you are not required to make a qualifying deposit before you can gain access to their demo trading. This helps to attract a lot more potential clients to the site. Even though many people only use the demo trading account and never actually make a real money deposit, IQ Option has the right idea by letting a greater number of people try out their site before making a commitment. As a newer broker, this has really helped them to grow their business more quickly.Open a Free IQ Option Demo Account – Today
The second thing separating IQ Option’s demo trading account from those of many other brokers is the fact that the account has no expiration date on it. While many brokers will only let you try their demo account for a few days before forcing you out of it, you can keep IQ Option’s open indefinitely. This gives new traders more than a few days to get a feel for what they are doing before they put real money at risk, and it gives advanced traders plenty of time and space to creatively try out new strategies and really get a handle on them before they put their cash up on the table. This has helped grow their client base in a big way.
Is Demo Trading Worthwhile?
A lot of traders, especially those with some experience under their belts, inevitably raise this question. Why should I waste my time trading with fake money when I could be making real money instead? This is a valid question, and definitely one that’s worth exploring a little bit.
Here’s the bottom line when it comes to demo trading: trading is risky. To be a good binary options trader, you need to have several things go your way. You need to have the markets cooperate, you need to have a solid strategy, and you need to know how to manage your money well so that you are never overextending yourself. Demo trading is certainly not going to make you any money, but it is a great learning tool.
Your first task with the IQ Option demo platform is to learn how to use the site. Their demo platform allows you to test out all of the features of the site in real time, exploring all that the broker has to offer. Usually, brokers only give you 72 hours to keep a demo account open, but IQOption gives you unlimited time, as mentioned above. This is something that will allow you to test out different features as you go beyond the beginner stage. For example, when you graduate from just using call and put options to testing out some of the advanced features of the site, going back to using their demo platform will help you test out additional trading methods so that you are not clicking on the wrong button accidentally just because you are unfamiliar with what you’re doing.
It’s also a great way to try out a new strategy. Let’s say you’ve just learned about the Martingale System, and you are excited to try it out with real trades. However, you know that you should always test out new strategies before you try them. So you log into the demo platform and try it for a few hours, only to find that because of the differences in profit rates and losses in binary options, the Martingale System is a spectacular failure. By using this free tool on the IQ Option platform, you have saved yourself a lot of money and frustration.
Who Can Use the IQ Option Demo Account?
To sign up to use an IQ Option demo trading account, you must legally be allowed to use the IQ Option platform where you live. Traders in the United States do not have access to this site, and as a result of this, they cannot demo trade as well. IQ Option is regulated by CySEC, and they are limited mainly to just traders located within the European Union. CySEC is one of the stricter regulators out there, and this means that IQ Option has certain rules that they need to follow when allowing people to use their site, even their demo accounts. If you have further questions about whether or not you can legally use this site, you can find more info at the IQOption website. We strongly urge you to know what laws govern binary options trading in your area and to stick to them as carefully as you can. This will help you to protect yourself and your money.
Is IQ Option a Scam?
No, IQ Option is not a scam. The fact that they have free demo account trading available to all traders without forcing a deposit first is a good indicator of this. However, being careful whenever you open up a new account is always smart. You shouldn’t just take our word for it, but rather look at other IQ Option review sites, ask around on forums, and whatever else you need to do to ensure that your money is going toward the purposes that you intend. This is just smart, especially in an industry like this where there is a lot of money involved.
IQ Option Demo Account Conclusion
We strongly recommend that you try out the IQ Option demo account before you make a deposit. You know that binary options trading is risky, even when you use a strong binary options broker. Using the demo trading account isn’t going to make you the most profitable trader ever, but it will teach you how to successfully use the IQ Option trading platform in real time, something that can go a long way toward helping you alleviate the risk of user error on your part.
If you need help getting your new IQ Option demo account set up, feel free to contact the IQ Option customer support staff. You can send them an email at [email protected]