Binary Options Demo Accounts
Demo accounts are to a binary options trader what the simulator is to an airline pilot. The problem though is that many binary options brokers do not provide traders with binary options demo accounts.
This is why demo accounts are important to the trader. It is on demo accounts that strategies are practiced, mistakes are made and corrections taken. In this article, we will provide you with some insight into the workings of how to get a binary options demo account.
Brokers Offering Binary Options Demo Accounts
1) Binary.com – Read the Full Review
The reason why we have placed Binary.com on top of the list is because of the demo account package that this broker offers. Firstly, the demo account is a non-obligatory, unlimited demo account. Traders can decide to open only a demo account with Binary.com, and never have to fund a live account in their lifetime. The demo account is an all encompassing account that offers traders complete access to all trade types, all traded assets and all trading tools that Binary.com offers such as basic and interactive charts. Traders are offered $10,000 virtual money and so have the liberty to test a number of things such as risk management techniques. The advantage that traders have is that the Binary.com platform contains trade contracts that are found on virtually every other trading platform. It can be used for boundary trades, touch trades, run bets, 60 second trades (Rise/Fall set to 60 seconds) as well as test all these trades on several assets. If you can, please open a demo account here and you will not regret it.
2) Nadex – Read the FullReview
The North American Derivatives Exchange (NADEX) offers a two-week access to a demo account. This is a bit restrictive, but it does not require a commitment to a live account in order to access their demo account. Only traders who are US citizens or resident in the US have access to this platform.
3) IG.com – Review Coming Soon
With these brokers, you now have access to almost all the trade platforms in binary options so you can comfortably select the one that suits you the most.