TradeRush (www.traderush.com) is a leading binary options broker and with their demo account features, you can really use this tool to get ahead with your options trading. If you’re new to the broker, this is especially recommended since you will want to be intimately familiar with the platform and the software prior to putting your own hard earned money at risk. Binary options trading is a bit risky, but with some solid demo account trading, you can effectively minimize this risk to a much smaller degree.Where Do You Get This Demo Account
As with pretty much every other broker, you need to create an account with the broker before you can start virtual trading. Creating an account will only take you a few minutes, all that you need is your personal information such as your name, address, and phone number, plus a username and a base currency.
After you create an account, you will need to fund it. A minimum deposit of $200 is mandatory in order to get access to the demo account. It might seem silly that you have to put real money into your account in order to start trading with fake money, but this is a requirement held by all binary options brokers; this is not unique to Trade Rush. Basically, the broker wants to make sure that you are going to use their services once you are done with the demo account. You don’t ever have to use your real money account if you do not wish to, but they at least want to see that their potential clients are all serious about using their services.
You will need to ask specifically for the demo trading account once you are all registered. The TradeRush customer service support system will be able to point you in the right direction once you have followed the necessary instructions.
What Can You Use it For
The Trade Rush demo account will mirror their real money accounts exactly. You will be allowed to trade in real time using the exact same software that you would use if you were to trade with real money. The thing to remember here is that once you get the virtual account, your goal is not to learn a complex strategy, but rather to learn the ins and outs of how the platform works and the intricacies of the software that you must rely upon. Binary options trading can be tough in itself, but when you are having problems navigating the web site too, you will find that the trading takes a secondary role when compared to trying to use the platform. This problem can be completely avoided if you practice with the demo account until you have a mastery over the basic functions of the software.
Breaking Down the Finer Details
Trading binary options with a TradeRush demo account is really easy. Once you create and fund your account in the requested manner, you will need to contact a member of their customer support team through the live chat feature. The person you talk with will be able to set you up with a demo trading account. This is a feature that you can get with a Trade Rush account, but they want to make sure that you are going to take your demo trading seriously before they expend their resources to set you up with one.
You will need to deposit money into your account if you want to demo trade, too. This is a practice followed by just about all binary options brokers.
Specifics About the Broker
TradeRush is one of the premier online binary options brokers out there. If you are looking for a wide variety of types of options, such as one touch and 60 second binary options, you can find them here. This broker is also unique in the fact that they offer nontraditional pairs of assets. For example, if you want to trade something like Apple vs. Amazon, you can trade these two assets in comparison to each other. This is a pretty cool feature that not many other brokers will offer you. If you are looking for a broker that will allow you to create your own types of options, TradeRush’s features will be sure to give you exactly what you are looking for.
Coming to Conclusions
TradeRush is a great binary options broker and if you want to use this broker, it is highly recommended that you start out with a demo account. Whether you are new to the broker or new to trading, a demo account is going to prove to be the most valuable practice tool that you can find. It might seem inconvenient at first, but demo trading is a practice method that allows you to maximize your profit potential in a way that you can’t replicate anywhere else. Take advantage of this tool today if you want to become a better trader.
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