Demo accounts and free accounts are different. One will offer you the chance to participate in simulated trading, while the other simply offers you access to resources. Here we review several binary option brokers who offer full demo accounts to traders. Though we do recommend testing no more than two brokers at a time, feel free to put as many brokers to the test as you wish. The ultimate goal is to find a broker who can meet or exceed all of your needs. Demo accounts can certainly help you accomplish this.
24Option
Traders will need to submit a minimum deposit prior to accessing a 24Option demo account. However, should you decide not to partner with this broker, this deposit is refundable. Why bother completing the registration and deposit process just to access a 24Option demo account? There are many reasons, actually. Not only does this broker provide fully simulated trading capability, but they rank at one of the best for providing extra tools and
binary today trading education resources.
One of the highlights of what 24Option offers is their video selection. This videos cover a broad range of topics, one of which is a demonstration of the actual platform. Also offered is a free e-course which will teach you not only how to trade, but how to trade well. 24Option is also one of the few binary option brokers to provide professional webinars. These are offered bi-weekly. All of these features combined make it a no-brainer for us to highly recommend 24Option to those seeking a demo account.
OptionFair
When testing the OptionFair demo account we appreciated the fact that this broker offers a fully functional trade simulator. There are plenty of binary option brokers who claim to provide demo accounts and then deliver an account which lacks simulated trading. OptionFair includes all of their available trade types, along with each and every feature which would be included in the standard trading platform. Simply put, simulated trading with this broker is identical to trading using actual investment funds.
OptionFair does offer trading tools and extras as well, including webinars which are hosted by trading professionals, a how to trade e-book, and full education resource area. Demo account registration only took a few minutes and required only minimal information. Within minutes we were into the platform and trading
binary today . There is much to like about OptionFair and we do highly recommend the demo account they are offering at this time.
StartOptions
Not only does
binary today broker, StartOptions provide simulated trading demo accounts, it allows traders to establish multiple trade parameters in order to get the feel for personalized trading. Where some demo accounts allow for simulated trading using pre-established trading scenarios, StartOptions allows the trader to truly get the feel for the decision making required when trading live. We were able to use our demo account to set up several different trade types and even took the time to make use of a few strategies.
While checking out the extras provided by StartOptions, we found plenty of training materials. These included a How To Trade
binary today primer video, full trading guide, and complete education section. It is also worth noting that this broker maintains a blog which is loaded with current trading information. Though StartOptions is not quite as popular as some brokers, their above average demo account is certainly worth checking out. You just may find that they are the perfect broker for you.
OptionBit
If you want to jump right into the
binary today platform experience, OptionBits demo account can help. Though they do keep the demo trading area and trade room in different areas, the only difference between the two is that one involves actual financial investment and the other involves only fictional investing. Should you decide to partner with OptionBit, there will be no notable difference when making the move to the trade room.
OptionBit provided us with plenty of tools when we signed up for a demo account. These include a trading e-book, e-course, and quick start guide to
binary today trading just to name a few. OptionBit is a broker which offers appeal to both new and advanced traders. Putting them to the test via a demo account is an excellent idea. We found their features to be excellent, but you will certainly want to judge for yourself.
Banc De Binary
Many of the demo accounts available today come with a time restriction of X number of days. Banc De Binary does it a bit differently, instead offering $50K worth of fictional funds for completing simulated trades. Similar to 24Option, this broker does require that the minimum deposit be submitted prior to accessing their demo account. Should you decide not to trade with Banc De Binary, these deposit can be refunded back to you.
This broker does not offer as many extras as some of the other demo account brokers we reviewed. However, Banc De Binary stands as one of the most reliable and popular binary option brokers in operation today. Clearly, they are offering plenty of desirable features, as well as a stellar trading platform. It may seem a bit of a hassle to have to make a deposit prior to using their demo account, but most find that they wish to continue trading with this broker anyway.
Regardless of which broker(s) you choose to create a demo account with, be sure to use your account as much as possible. There is so much to be learned from simulated trading, not only about how to trade
binary today , but also about what a broker is truly going to offer. Partnering with the perfect broker can indeed help you earn more profit. Demo accounts are just one way in which to ensure that you select the broker which is right for you.
