How to use the IQ Option demo account? On this page, I will show you how to create a virtual portfolio with the famous broker IQ Option.
The demo account is one of the most important accounts for traders. Find out why and how you should use it in the next sections.
What you will read in this Post
What is IQ Option?
The IQ Option is a strongly founded broker that accelerates online trading such as cryptocurrencies, different kinds of options, forex, indices, stocks, commodities, etc. All these can be easily traded in the IQ Option platform with its numerous trading tools and functions. These tools can be easily transacted on an award-winning trading platform with many useful tools and features.
IQ Option broker has been able to attract users from across the world. It is regulated by European regulator CySEC and registered in the UK’s famous Financial Conduct Authority. Research shows that over 40 million individuals have become a part of the IQ Option trading both on real and demo accounts.
Facts about IQ Option
- Regulated Online Broker
- Free demo account
- Trade more than 500 different markets
- Binary Options with high return of 100%
- Professional platform and support 24/7
1. Open your free IQ Option demo account
Having your demo account is made simple on the platform, unlike other brokers that will stress you for long verifications. Within a few seconds of registration, your account will be automatically funded and just as you wish, you can start trading like a professional even though you are a newbie.
The account is free of charge. Note that there is no limit to what you can do on the account so far it is trading. With the money sent to your account, you can learn new strategies and test executing transactions your way. As soon as the money gets finished, no worries just make use of the refill button to continue your practice.
To open an account, you first need to visit the “IQ Option official site URL” or use the form above. Fill in the two white’s boxes you will see with your email and password that you can easily recall whenever you want to make use of it.
Click the enter button that says open your account for free. You will receive a confirmation mail in your inbox. Kindly go and verify, then click on the confirmation link sent to you.
2. Risk warning: Confirm the terms and conditions
Don’t forget to confirm that you agree with the risk involved in executing transactions on the platform. Note that you are trading on the demo account, so, agreeing to the risk disclosure shouldn’t be an issue. Accept the risk so you can begin trading.
Immediately after accepting, the page loads into another window, here you can select if you want a demo account or prefer a live account. Note that if you select a real account you will be required to deposit a minimum trading amount before you can start trading.
So, because we want to make some practice, select the demo account. Now, you can do all the magic you wish to on the demo account.
3. Select the demo account and start trading
Besides, if you created the account you already created the real account and the demo account at the same time. If you join the platform you can choose between these two account types. Just click on the account balance and the menu will open. You see it in the picture below.
Why you should start trading with IQ Option
When it comes to user-friendly and one of the most reliable platforms where options trade can be executed accurately, then think of the IQ Option. According to research, this company was established by a company that has so far grown up to the top of the market when compared to some other brokers.
Though, it is perfect for individuals with high or professional experience in options trading. The newbies are not left out, this platform has a section they can easily start from and become professionals in no time.
Newbies are taking leverage of the IQ Option demo account for them to be able to see how to build up in the binary options market. For traders that are looking for a reliable and safe broker to trust, the IQ Option demo account is here to fill in that space of trust and reliability.
However, many traders or potential traders might want to make good comparisons before choosing the best broker to trade with.
Binary trading has to do with real money, so the demo account is made available to give the prototype experience of how deals are executed in live trading.
Before going into other branches of the subject of the article, note that the IQ Option demo account offers a free service to traders and can give you all you need to know about trading whether you are a professional or a newbie. Later in this article, you will see the reviews of the IQ Option demo account.
How to use the IQ Option demo account
Just like other binary options brokers that offer demo accounts, the IQ Option also provides its users with a demo account for free practice on trading. One of the lovely things about the IQ Option demo account is that there is no limit to how long you can operate it.
It gives the chance of testing different kinds of trades on the platform before investing your hard-earned money.
In the practice stage of the demo account, your account is automatically funded with $10,000 virtual money. With this amount, you can run all types of test trade as you want without losing a dime. Even when the amount gets finished you can request a top-up with just a click.
The IQ Option demo account is offered free service without any initial deposit for your account activation. No time limit on your demo account. All the strategies you wish to put into action can be tested on the demo account.
You can use the strategies you want
Unlike other brokers that don’t have different options for creating an account, the IQ Option allows you to log in with most of the trending social media such as your Gmail, Facebook, and several others.
The trading on the demo platform is realistic and makes anyone understand the trading properly before engaging or switching over to a real account. In summary, you are allowed to carry out whatever you wish on the demo account.
Demo trading means you trade without risk to lose real money.
This is because the money you are trading on is free. So, there is no fear or risk of losing your money. You can check out your trading strength on the demo account using all the available trading tools on the platform. Professionals can improve their skills in the demo account.
The demo account was originally developed for free training and educational purposes. Traders will have a feel of what happens in live trading without using a cent from their wallet. IQ Options demo account is very easy to operate, so, one does not have to stress out trying to get used to the platform. With the IQ Option demo account, you can easily get fast adaptation in a short time.
1. Choose a market and financial product to trade with
First of all, you have to choose a market and financial product for trading. There are more than 500 different markets and assets available. Trade currencies, ETFs, cryptocurrencies, stocks, commodities by using CFDs or Options. Just click on the “+” or on the asset name to open the menu to choose markets.
2. Make a successful analysis and forecast of the price movement
There are technical indicators, video tutorials, multi-chart tools, graphical tools, calendars, stock screeners, market updates and historical quotes and so on. Even when assistance is needed, even for demo account users, it can be gotten for free when the support is contacted by creating a ticket.
3. Start trading
For trading with IQ Option, you can use Options or Forex/CFDs.
Options are contracts with the expiry times. You can earn a high yield without a strong market movement. Win or lose.
Forex/CFDs are like buying or selling an asset. You earn more profit if the price moves in your direction. You can use leverage.
How to refill the demo account?
Some users asked how to create a refill for their demo account. So this short guide will lead them on how to refill demo accounts balance.
To refill the balance, click on the deposit button and a box will pop up. Then choose the option of filling with $10,000 and your account will be refilled instantly. This option can be freely used as many times as possible.
On the IQ Option demo account, you can do as much as is done on the real account. Note that the demo account can be used alongside the real trading account. This means a user can practice some strategies on the demo account and make use of it in the real trading account.
Switching accounts can be executed just by clicking on the balance box at the right corner.
Conclusion: IQ Option offers the best demo account of traders
One of the traders said that the availability of the demo account is a sign that the company is good, can be trusted and reliable. Professional brokers make use of this kind of platform to raise potential clients on their platform.
You should note that some brokers’ demo accounts have some specific conditions and limitations attached to them. Some might require you to make a deposit before getting a demo account activated. Also, some brokers will allow you to use their demo accounts free for some days before asking you to update to the pro level.
This is where the IQ Option demo account stands tall from other brokers. Freedom to use all their facilities absolutely for free without any disturbance. All that you need to do is log in and begin testing your strategies on the demo account. If any broker tries this method, it will distinguish their companies from other rivals in the industry.
This can also push many traders to come on the platform effortlessly. Another review from a beginner stated that if one does not have to worry about time expiration and limitation, it will make a trader trade with a relaxed mind knowing full well that he is not in a hurry to meet a deadline.
So, there will be enough time to train on mastering skills and strategies. Checking on forums, blogs, and social media, there are lots of positive reviews left by users of the IQ Option traders. Many people out there are happy using the demo account. They are getting addicted to it and can’t stop.
Advantages of the IQ Option demo account:
- Professional platform with the best conditions
- Free (no fees)
- High return of investments
- More than 500 markets
- Different financial products
- 24/7 support
Use the IQ Option demo account for free to improve your trading skills and test the platform. If you want to learn more about IQ Option trading, follow our guide.