IQ Option Validation

4 stars based on 63 reviews

For traders, a free demo account makes a lot of sense. Brokers should also be proud to show off their platform and customer service, so traders should be able to use a demo account without deposit and with a simple sign up process.

Likewise, as a prospective binary options trader, the demo account gives you the opportunity to put the platform to the test. Can you make sense of it? Does it feel right? These are the questions you need answers to before you hand over your cash.

Here, we take a close look at binary options demo accounts; how they can help you and what to look for as you decide whether to move on from the demo to the real deal…. Losses and gains are credited to this virtual, dummy balance.

So is it always safe to sign up? At the very least, the process tends to involve submitting your email address and specifying a user name. What can you glean from independent reviews of the site? Where is it based? What do actual users have to say about it? Be especially wary if the demo sign-up process takes the form of a data-mining exercise — i. At heart, binary options demo accounts provide the chance to test-drive the platform. So here are the areas to focus on as you put the platform through its paces….

As such, it should ideally be fully representative of the live platform in terms of access to all features. This is useful both for the novice trader, but also for more experienced users looking to ensure they are trading with the best provider. It is of course, possible to have accounts with different brokers to ensure the best payouts on specific assets and trades. The idea behind most demo accounts is that you see the results of your simulated trading activity reflected in your virtual balance.

Likewise, if the live account features a returns slider, that slider should work in exactly the same way on the demo as on the real thing. As a novice in this area, you may be weighing up binary options alongside other forms of trading. As well as reading around the subject, signing up to no-deposit binary options demo accounts can be a useful method of hands-on research. Binary options demo accounts provide a risk-free environment to explore new areas. From indices through to commodities and individual shares, the demo should ideally provide access to all assets available on the live version, giving you scope to experiment.

Some brokers provide access to a wealth of educational and instructional resources — suitable for novices and more experienced traders alike. A range of brokers focus on user education, featuring an introduction programme, a range of seminars and various guides.

Likewise, if you are still honing a strategy, a demo account can be invaluable for putting it to the test. IQ Option will even allow you to back test trading strategies on the demo account or even test robots in real time. Many platform providers claim to be able to keep you in the loop — where ever you are. An alerts system can certainly be invaluable in keeping you up to date with changing market conditions and informing you of new opportunities. So the demo account lets you see just how useful such a service really is — as well as allowing you to test out the mobile-friendliness of the platform.

A growing segment of the demo account picture is for the full trading app experience to be available via a demo account app. The brokers who have taken the time to make this available, are more likely than not to have the better trading platforms — after all, they have gone to the extra effort of making sure as many people as possible see it.

Given the benefits of a demo account, it might be worth paying a deposit, particularly if it is a brand you want to check out — but tread carefully. In some cases, the initial deposit can trigger a bonus, which may impact withdrawal limits. In most cases, a demo account will not require a deposit. The broker should have enough faith in their platform that you will not look anywhere else after trying theirs. Those that impose restrictions such as needing a deposit, or large amounts of sign up information perhaps do not have as much confidence in their offering.

Some brokers will promote competitions and contests among their demo users. These contests come in many guises but often carry real money rewards — another step in hoping traders make the move to real money. These contests are just another marketing tool for the broker, but offer traders a good incentive to stay active. No deposit is required to enter so there is no risk for the trader — and they can be a lot of fun. A demo account should be a risk-free, no-obligation way of testing a platform.

The very best demo accounts are free, exactly the same as the real platforms, and not time limited. Is binary options trading for you? Demo accounts as part of your education Some brokers provide access to a wealth of educational and instructional resources — suitable for novices and more experienced traders alike. Apps A growing segment of the demo account picture is for the full trading app experience to be available via a demo account app.

Demo Contests Some brokers will promote competitions and contests among their demo users. Finding the Best Accounts in Germany A demo account should be a risk-free, no-obligation way of testing a platform.

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Are you thinking about opening up a binary options trading account with HighLow? If you want to use this broker, we recommend that you first try out the HighLow demo account.

This will give you a thorough idea of what the real money platform is like in real time. While demo trading cannot completely replicate what real money trading is like, it is always the best place for you to begin when you start trading at a new broker, regardless of how much experience you have in the binary options business.

Your capital is at risk. Binary options trading is a high risk endeavor , and giving yourself every advantage you can is one of the simplest ways to improve your chances of being profitable. HighLow has a lot to offer traders , and getting a feel for their platform by demo trading will give you a better idea of whether or not you can be successful here. HighLow is a binary options broker based out of Australia. Because of the fact that they are in Australia , many traders will not be allowed to use their real money services.

This includes traders from the United States. However, anyone can use their demo platform as it is free to use, there is no signup required, and you can use it directly from their webpage.

If your country recognizes this governing body as a legitimate authority, then you are free to use HighLow without issue. If you have any questions, this is something worth looking further into. The HighLow customer support team is always willing to help out, if you have any questions or concerns about this broker or using their services. Their support hours are am to am AEDT.

The HighLow demo account comes with all of the features that the standard real money platform has. You can trade the same assets and the same types of trades, but without risking real cash. This includes the standard call and put options, which HighLow aptly calls high and low options.

It also includes high and low options with a spread, on demand trades, and on demand trades with a spread. Spread trades are very different than what most people are used to. In this respect, having a demo account to practice these trades for a while before you start risking real money is a great tool to have at your disposal. HighLow also allows you to trade options as short as 30 seconds before expiry.

Trade expiries can go as long as 24 hours, as well. This can give you a cluttered feeling when you are first starting out, making the need for zero risk demo trading all the greater. The HighLow demo service is easy to get started with. You do not need to create an account or register or anything like that. We highly recommend using the demo account for a few days before you make a deposit here. Practice on the HighLow platform is the fastest way to gain this edge.

Trading binary options, or anything else, is pretty risky. Using a demo account at whatever binary options broker you use will be a good first step.

Do you want to trade at HighLow? If so, make sure that this is the right broker for you before you deposit anything. One easy way to find this out is to gain firsthand experience. Try out their free demo account today and you will be one step closer to knowing whether or not HighLow is really the right place for you. If you decide that this is not the right place for you to be trading, you will have lost nothing but your time. And by spending time trying to figure out which broker is going to be best for you, you are making a long term investment in your success as a binary options trader.

So, is HighLow right for you? Your Capital is at Risk. Short Term or Long Term. The financial services provided by this website carries a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.