60 seconds options are the most exciting trading style. With a binary options demo account 60 seconds, you can test them risk-free. The two best brokers to demo 60 seconds options with are Banc De Binary and 24option, with both offering multiple variations of 60 seconds options and a large number of assets to be traded with them.
In this article, you will learn:
- Which type of demo is ideal for 60 seconds options,
- Which variations of 60 seconds options a good demo must offer, and
- Which brokers are ideal to demo 60 seconds options.
Binary options demo account 60 seconds: What you need to know
No broker offers a demo account that only uses 60 seconds options. Both of our recommendations, Banc De Binary and 24option, also a number of other binary options types. If you are interested in trading these option types, go ahead. In this article, we will focus on 60 seconds options.
Here what to look for when you demo 60 seconds options and why Banc De Binary and 24options are the best brokers for the job.
1. Make sure you get multiple variations of 60 seconds options
The name 60 seconds options is somewhat misleading, which is why many brokers have started to call them, more correctly, short-term options. Over the last years, most brokers started to offer 60 seconds options with variable expiries from 30 seconds to 300 seconds.
These additional variations can make your trading a lot more profitable. By allowing you to expand your trading to more time frames, multiple short term options enable you to trade more opportunities and adjust your strategy to the time frame you feel the most comfortable with.
When you choose your binary options demo, you have to make sure that you get the full selection of possible 60 seconds options variants. Your demo account is the perfect environment to find you perfect trading strategy, and by limiting yourself during this test phase, you limit your entire trading career, possibly missing out on a lot of money and what could have been a successful binary options trading career.
Banc De Binary and 24option are ideal brokers to demo 60 seconds option. Both offer all types of variations of 60 seconds option in combination with a long list of assets.
2. Make sure to get a broker that offers a demo as a feature of their regular account
Binary options demo accounts can be categorized into two categories:
- Stand-alone demos,
- Feature demos.
Stand-alone demos are separate accounts that work on their own. Feature demos, however, are features of a regular binary options account. The advantage of a feature demos is that these demos can be reset easily. All you have to do is write a mail to your customer support.
If you want to start from scratch, for example because you want to try a different strategy or because you are out of money, you can quickly and easily start over.
With stand-alone demos, however, you need to register a new demo. This takes longer, and since you need a new email for each new demo you register, you also need to register a new email every time you start over.
For traders of 60 seconds options, a feature demo is much easier to handle. Their quick trading style means that they will make more trades in a short period of time than traders of long-term assets. Often, one day is enough to test a strategy, but who wants to register a new account every day?
To demo 60 seconds options effectively, you need a broker that offers all variations of 60 seconds options and an easily-resettable feature demo. Both 24option and Banc De Binary are ideal for this purpose.