REGULATED BROKER OFFER

CFTC Regulated. US Based. NADEX. It’s that Simple!

Your capital is at risk.

Binary Options Demo Account: Beginner’s Guide

A binary options demo account is a place where you can practice trading binary options entirely risk-free.

The demo account supplies you with an amount of fake money and lets you trade on a real binary options broker’s platform. You can trade in real time with real assets and see how your skills translate into the real world. The binary options demo account platform allows you to take the broker of your choice out for a test ride, seeing all that they have to offer, but without risking your money.

Demo account trading is just like real trading, only without the potential for losses. Of course, you cannot profit either, but that’s part of the tradeoff of having this practice tool.

If you’re new to binary options trading, the importance of using a demo account before you risk real money cannot be overstated. It’s also a good way to help you transition to a new broker or test out a new strategy, reducing the likelihood of errors in the future.

  • Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk

Why Do I Need a Binary Options Demo Account?

There are a few different ways to learn how to be a better trader. However, in any field, experience is one of the best teachers you can find.

No, experience is not a perfect teacher, especially if you start out with erroneous beliefs or strategies, but when done right, it is far better than any other method. Unfortunately, in the world of finance, real world experience often comes at a very steep price. And that’s true of binary options trading, too.

When you begin trading with real money, you are putting yourself at a huge disadvantage. Binary options trading is tough, there’s no other way to put it. Like anything else that’s worthwhile, you need practice to get good at trading in this marketplace.

Without the proper amount of practice, you might get lucky, or you might lose everything. It takes a while to get good enough at binary options trading to be worthwhile over the long term. And when you have a demo trading account, you can give yourself the potential to speed up the learning process.

The learning curve for binary trading is steep. Studies have shown that fewer than 5 percent of short-term traders are successful over the long term.

Without a practice account, you are throwing yourself into deep water without knowing how to swim, and almost ensuring that you end up in that majority of traders who are unsuccessful.

The statistics indicate that you won’t get lucky. If you want to be as successful as possible, having a good working knowledge of what you need to do from the beginning of your trading career is going to help you. Rather than struggle to learn things when you’re first starting out, when you demo trade first, you are going to begin your real trading with a broader sense of knowledge and a greater amount of skill. Your odds of making money in the early stages of your real money trading go way up.

By no means are binary options demo accounts an instant guarantee that you will make money, but they are a big step in the right direction.

Binary Options Trading: Opening a Demo Account

The requirements for opening a demo account will vary a bit from site to site. This makes it a little confusing at times when you’re trying to set up your demo account in the beginning of your trading career.

In most cases you will need to open a real account first. This doesn’t mean you have to trade with real money. The broker just wants to see that you are committed to trading. Some brokers might even ask you to fund your account before you can have access to a practice demo account.

If this is the case, you don’t need to feel compelled to trade at that site if you don’t feel it’s right for you. If, after using their demo trading service you decide that the broker is not right for you, you can simply withdraw your money and it will go back to your bank or credit card. There’s no harm in this, and it’s a good way to protect yourself from a broker that doesn’t meet your needs. There are a lot of different brokers out there, and not all are going to be right for you.

IQ Option does not require any starting deposit for their demo account. Open your free IQ Option demo account.

By using the binary options demo account feature first, you can test out a specific strategy, get a feel for how it works, make some fine tuning adjustments to it, and then apply it in a real-life setting when it is time to demo trade.

If you cannot easily find the demo account creation section on your binary options broker’s website, get in touch with their customer service department.

The broker’s customer support will guide you further, letting you know exactly what the procedure is at their site for creating a demo account and if there are any requirements that you must meet, such as making a deposit or living in a certain part of the world.

They can also walk you through any other questions that you might have about the site or the platform that they use. Because each site is a little different, this is often the simplest way to get started with your binary options demo trading today.

Will a Binary Options Demo Account Fully Prepare Me for Real Trading?

Many beginners in trading think that after a few days of demo trading they are ready to jump in and start trading. This simply is not the case.

Demo trading is a learning tool, and although it’s a great introduction to binary trading, it isn’t a comprehensive tool.

The main problem here is that many brokers severely limit the amount of demo trading that you can do. Some brokers allow you to keep a demo account open for only 72 hours before forcing you to make a decision on whether you are going to trade with real money or not. While 72 hours may be just enough time to master the platform’s software, it is in no way enough time to master a given strategy.

Tip: If you want unlimited access to a demo account, open a free IQ Option demo account. It is completely free and gives you unlimited practice time. 

A limited demo account is not enough to be a successful trader. But it’s a necessary step on the way to becoming one.

Tip: Check out our binary options education page for a step-to-step guide to the world of binary options trading to be fully prepared for real trading.

With some of the more elaborate strategies, you will need months to prove that they are going to be successful for you. This isn’t meant to scare you away from trading, but rather it should be a word of warning.

If you are thinking of trading binary options, it’s important that you observe the market for quite some time even before you start demo trading.  Your 72 hours of demo trading will not be enough time to judge whether your strategy is going to be successful or not, so you will need to take the necessary time before you start demo trading to test it out.

Your demo account trading time should be used to make last minute changes and learn how to use a given broker’s trading platform. It’s not a place to learn how markets function or how to interpret where price changes are headed. Demo trading is not meant to be your first line of education. Binary options are just too complex to learn everything you need to do in the short amount of time you have a demo trading account.

Some brokers, like IQ Option and Nadex, give you unlimited access to a demo account.

Where Can I Find the Best Binary Options Demo Accounts?

When doing your binary options trading research, you will discover that many brokers these days do not actually offer demo accounts. They prefer you make your deposit and start trading directly – without giving you the chance to practice.

This is never advisable. In fact, if a broker offers a demo account, it is a sign they want you to learn first and then risk your own money. However, as mentioned above, not all demo accounts are the same – nor do they all give you sufficient enough of time to learn.

Below you will find the two best binary options demo accounts in online trading. They are both free to use and give traders unlimited access to practice trading risk-free. In addition to being the best demo accounts in online trading, both brokers behind them are top companies in their field – so when you feel ready to finally begin trading with real money – we would fully recommend both IQ Option and Nadex.

______________________________________________________________________________

IQ Option Demo Account: Free $10,000 Demo Account

In the world of binary options trading, the IQ Option demo account stands out for a couple big reasons.

First of all, IQ Option gives you access to $10,000 of virtual funds to practice with.

In addition, unlike many other brokers, you are not required to make a qualifying deposit before you can gain access to their demo trading account. This helps attract many 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.

The second thing separating this binary options demo account from those of many other brokers is the fact that the demo 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 demo account 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 truly helped grow their client base throughout the years.

 

Is Demo Trading with IQ Option 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.

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.

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 use the binary options demo account as well.

IQ Option is regulated by CySEC, so they are mainly focused on traders located within the European Union.

However, traders outside the EU (with the exception of the US, Australia, Canada, Japan, Israel, Iran and Belgium) can also use this binary options demo account.

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 IQ Option 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.

In fact, IQ Option is one of the best online trading brokers. They are fully regulated and have won awards for their trading platform – which you can test out for free through the demo account.

However, being careful whenever you open up a new account is always smart. You shouldn’t just take our word for it, but rather read a few reviews first, 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.

NADEX Demo Account: Best Binary Options Demo Account for U.S. Traders

NADEX is a strong, trustworthy binary options exchange, and the only U.S.-based, fully regulated binary options exchange.

This is the reason why NADEX is the absolute best choice for U.S. traders that not only want to have a good experience while trading, but also wish to follow local laws.

If you’re going to trade at NADEX, be sure that you check out their binary options demo account first.

The NADEX demo trading account is a free way to test out the trading platform and get a feel for whether or not binary options trading is right for you or not.

Let’s take a quick look at the NADEX demo account and see how you can use it to help you be a better trader.

What are the benefits of opening a NADEX demo account?

Like IQ Option, the binary options demo account at NADEX is completely free.

Unlike many European style binary options brokers, you don’t even need to make an initial deposit to create a demo trading account here. If you never want to make a deposit, you won’t have to.

For those that are on the border about whether or not they want to use this exchange, this is a great way to get a feel for the site and the trading platform before you make a commitment to the site. For those with experience trading, you can use this same availability to test out new ideas before you use them in real time.

The NADEX demo account stays open indefinitely, even after you have made your deposit and have started trading with real cash.

This provides traders with a huge advantage because it provides them with a risk-free tool where their skills can be explored and expanded upon. Trades are executed in real time, and all of the data that is provided is real, up to date market data.

The software is also exactly the same. The only difference is that you are trading with pretend money rather than real money. While this does change the feel a little bit, all of the tools that you will use as a trader are exactly the same. In this respect, a NADEX demo account is a must if you want to master the platform before the stakes are raised.

How do I create a NADEX demo account?

Setting up a demo account with NADEX is pretty simple compared to many other brokers and exchanges out there.

Once you are at the homepage, there will be a few links at the top of the page. Under “Trading Platforms” you will find a link titled “Demo Trading Platform.” Click on this, and you will be taken to the demo trading sign up page. From here it’s simple. Let them know if you already have a live account, create a username, type in your real name, phone number, and email address. Also, you will need to indicate your country of residence. That’s it. Click on “Open a Demo Account” and you are set to go.

  • Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
Your capital is at risk