Are you one of the traders wondering if StockPair, one of the world’s best binary option brokers, offers a free demo account? This article will tell you everything you need to know about the possibilities of StockPair free demo account.
Many blogs write about an alleged StockPair free demo account, which has caused quite a lot of confusion among traders. The truth is: StockPair does not offer a free demo account any longer. All these blogs telling you otherwise either have outdated information or do not know what they are talking about.
To register with StockPair, you have to open a regular account and deposit money into that account. There is no option to trade with paper money for a while or use a separate demo account. If you plan on using StockPair but want to gain experience with binary options first, you are left with two options:
For new accounts, StockPair requires a minimum deposit of $1,000. This amount guarantees you the silver account status. For new traders that want to get comfortable with StockPair’s service, the best option is to open an account with this minimal amount of money.
This way, you can get accustomed to binary option trading with StockPair without risking a lot of money, but learn trading under real conditions, which can be a huge advantage later.
If you don’t want to risk anything at first, paper trading is a risk-free option. Simply open a StockPair account without depositing any money. All you need to do for that is fill out a form with personal information. The process is completely free.
After you have opened an account, you get access to StockPair’s trading platform. Since you have not deposited any money yet, you cannot trade. But you can write down the trades you want to make on paper. Note the asset, the price, and the direction you want to invest in. Wait until your option would have expired and see if you would have won the trade.
This way of learning to trade is completely free. Since you are not playing with real money, however, the psychological component is very different from real trading. Therefore, it is a good way for newcomers, but not as good as our option one, opening an account with the minimum deposit.