The IQ Option demo allows you to test binary options completely risk-free, due to the ability to trade with virtual funds. In this article, we tell you everything you need to know about IQ Option demo account.
General risk warning
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose.
In detail, we will answer these questions:
- Why do I need the IQ Option demo?
- What are the advantages of the IQ Option demo?
- How can I get the IQ Option demo?
- What should I do with the IQ Option demo?
With the answers to these questions, you will be able to make a judgment about IQ Option and their demo account, and you might find the tool that might improve your trading experience in IQ Option real account.
Why do I need the IQ Option demo?
IQ Option demo account serves a simple purpose: it allows you to start your binary options career before you invest real money. With a binary options demo account, you include the initial learning phase.
Binary options traders all face the same problem, they have to learn the nuances of binary options trading and technical analysis before they can trade successfully. As with any skill, these things take a time to master, and during the inevitable learning phase, every trader will make some rookie mistakes.
Mistakes can be costly and have ruined quite a few trading careers before they could get started. We all know someone who has lost a lot of money with stocks because they forced to invest their savings in a skill they were just trying to master.
Luckily, a binary options IQ Option demo account can offer you a way out of this dilemma. A binary options demo works just like a regular trading account, but it allows you to trade with virtual money instead of real money.
With this system, you can enter the binary options world without risking a single Cent. You start with a demo and practice your skills, and when you know that your skilled are advanced enough, you start investing real money.
What are the advantages of the IQ Option demo?
Ok, so far we explained why you need an IQ Option demo account. But what is so special about the IQ Option demo that you should choose it over the hundreds of other demos that are available out there? Well, there are a couple of things that will make your life smooth with the IQ Option demo account. Let’s take a look at these factors one by one.
The IQ Option demo is deposit-free and fee-free
The significant advantage of the IQ Option demo is that you can get it for free and without providing any personal information except first, last name email and phone. All you have to do to test the IQ Option demo is go to the IQ Option website, choose the demo, and log in with your Facebook account, Google account, or email. Once you have completed this step, you can immediately start to trade.
With other demos, things are far more complicated. The reason for these complications is that only IQ Option offers their demo as a stand-alone account where you can register for the demo without depositing real money first.
There is no deposit required and you can start trading right away on your demo account. Simply log in through Facebook, mail or Google+ and trade away.
IQ Option segregates traders’ funds
IQ option follows the practice of separating traders’ funds from their own funds so the chances of the deposited and made money being mismanaged are much lower.
With an unregulated broker, things are more complicated. These brokers can mix their customers’ money with their own money and simply spend everything they have. When such a broker goes bankrupt, your money might be gone, too, and there is nothing you can do to get it back.
This is a risk no trader should take. After all, what is the point of trading your way to financial independence if your broker’s bankruptcy can wipe out all of your hard work?
Now, of course, you do not invest real money yet when you use the IQ Option demo first. So this advantage is not important for you right now. Sooner or later, however, your goal will be to graduate from your demo to a real-money account.
High payouts on high / low options are ideal for traders
*IQ Option stopped offering High/Low options.
The average payout is the most important value in determining how much money you can make with a broker. There are two values that indicate how much money you will make overall: your potential earning percentage and the average payout.
- A better style, better execution, and fewer mistakes can increase your potential earning percentage and help make you money.
- The average payout is determined by what your broker offers you. In any given situation, some brokers will offer you higher payouts than others, and choosing a broker that offers you the highest payouts you can get is the smoothest way for you to increase your earnings without having to change your trading style.
In any case, using IQ Option’s high payouts will improve your results. It might be the difference between making money or losing money or the difference between making a little money and a lot of money, but there is no good reason to pass on high average payouts for high / low options.
How can I get the IQ Option demo?
As we already mentioned, getting the IQ Option demo is incredibly convenient. All you need to do is follow one of our links to the IQ Option website, select the IQ Option demo, and sign in with your Facebook account, your Google account, or your email. After that, you can immediately start to use the IQ Option demo and all its functions.
What should I do with the IQ Option demo?
Before you sign up with any binary options broker, you should test them first. After all, you are investing money and are potentially choosing a partner for a long trading career. IQ Option understands the importance of the testing process and makes it convenient for you – smoother than you might think.
To test a binary options broker, many brokers either require you to register a demo account or do not allow you to demo their service at all. With IQ Option, things are different. To get a real account and full access to IQ Option’s demo trading platform, you only need to fill out a simple form on their homepage with very basic information – provide your name, your email, and your currency, and you are good to go.
You do not need to deposit any money with IQ Option to receive a demo trading account. Of course, you can’t make real investments until you have deposited money, but that does not matter much. Even without a deposit, you get full access to their trading platform.
- Test if you like the available binary options types. Do you like the selection of available assets? Can you find the right assets to make money by trading the situations you want to trade?
- Test if you like the available assets. Are there assets from the market you want to trade? Does IQ Option offer the right type of asset for your trading style?
- Test the trading platform in general. Do you like the platform’s handling? Can you use the platform for a long time without making mistakes?
If you can answer all these questions with yes, you know that you have found the ideal broker for you. If you answered one or more of these questions with no, you have to decide how important these factors are to you.
On our site, you can find links to many more brokers that you can test.
The IQ Option demo offers a unique deal to binary options traders. You can test binary options completely risk-free, without having to deposit anything.
While your demo is deposit-free and therefore entirely without risk, knowing that you can trust IQ Option once you want to switch to real-money trading is an added level of security no trader should pass on.
If you want to test IQ Option now, simply follow one of our links and log in to the demo with your Google account, your Facebook account, or your email.
*The financial products offered by the company carry 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.