Binary options can make you a lot of money, but not everyone is born to be a binary options trader. Understandably, new traders want to find out which side they stand on without having to make a deposit with a broker. Learn all about the no deposit binary options here.
While most brokers offer demo accounts that allow you to test their service with play money instead of real money, most brokers require you to make a deposit to get a demo account. Luckily, there is one notable difference: IQ Option.
IQ Options is one of the very few brokers that offers a more customer-friendly demo account.
No deposit binary options: How to try binary options without a deposit
IQ Option allows you to test their service without having to deposit any money with. Putting you in the unique position to test binary options without investing anything and without having to share your financial information, the IQ Option demo is ideal for new traders to dip their feet in the water.
To get the IQ Options demo, follow these steps:
- Open the IQ Options website: To make things easy for you, we have provided you with a link. Just click the link, and it will guide you to where you need to go.
- Select the demo account. IQ Option offers three different account types, two of which are regular trading accounts that require a deposit. The third one is the deposit-free demo account. Choose the demo.
- Create a login: All you need to do to finalize the registration of your demo is to create an account. You can do that with your Facebook or Google account.
The entire process takes less than 2 minutes. Once you are finished, you have a fully functioning demo account with $1,000 in play money.
Now it is your turn to try to test high / low options, one touch options, and other options types in combination with stocks, indices, currencies and commodities. Find you ideal trading strategy and lay the foundation for your later binary options success.
Who should get a no deposit binary options demo?
IQ Option’s no deposit binary options demo is ideal for risk-averse traders. In addition to not requiring a deposit from you, IQ Option provides risk-averse traders with the exactly right amount of play money.
Where other demo accounts overwhelm risk-averse traders with $50,000 in play money, IQ Option’s $1,000 create exactly the trading environment a risk-averse trader will face when first starting to trade. With a limited amount of money, you have to keep yourself in the business, slowly growing your account balance until you are able to invest more.
Additionally, IQ Option allows you to trade for as little as $1 per trade. Compared to other brokers, which sometimes ask you to invest $10 or even $25, a $1 investment with a new type of trading will be exactly what risk-averse traders are looking for, creating a more comfortable trading environment and better test conditions than riskier demo accounts.
For traders looking for a no deposit binary options account, IQ Options offers the ideal solution. Combining one of the very few no-deposit demos with the ideal trading environment for risk-averse traders, most new binary options traders will find in IQ Option the ideal partner to get started.