Trading binary options without depositing money is a dream of many binary options traders. With a demo account, it can come true. A demo account allows you to trade binary options with play money instead of real money, which is why you do not have to make a deposit – if you pick the right demo.
In this article, Trading binary options without depositing money, you will learn:
- How to use a demo account to start trading binary options without depositing,
- Why not all demo accounts work without depositing, and
- How to find a demo account that does work without depositing.
With this knowledge, you will be able to start trading binary options without depositing.
How to start trading binary options without depositing money
To start trading binary options for real, you need to make a deposit – to invest real money, you have to deposit real money, it is as simple as that. To start trading without depositing, you need a demo account.
How to use a demo account to start trading binary options without depositing
A demo account works like a real-money account in every aspect but one: it allows you to invest play money instead of real money. With this simple change, a demo account enables all traders to test binary options risk-free.
You can test whether you like binary options, whether you have what it takes to become a binary options trader, and which strategy suits you best. Once you have found a strategy that enables you to earn money, you can still switch to real money trading.
Theoretically, a demo also frees you from the need to make a deposit. Since you want to invest play money anyway, there is no need to deposit real money. Unfortunately, most brokers are too scared of freeloaders to offer their demos for free.
Why not all demo accounts work without depositing
Unfortunately, not all demos allow traders to start trading without a deposit. In fact, most demos require you to get a real-money account before they unlock your demo. In the process of getting the real money account, you also have to deposit at least $250 in your account, which means that you have to make a deposit before you can start trading.
Such a policy makes little sense. These brokers require you to invest in something in order to find out whether you want to invest in something. Why would anybody do that?
Luckily, there is a better way. One broker offers a demo that allows you to start trading without depositing money.
How to find a demo account that does work without depositing
You only option for a demo that works without depositing money is IQ Option. The IQ Option demo works as its own account and does not require you to get a regular trading account, which is why you do not have to deposit money with IQ Option to test their demo.
All you need to do to get the IQ Option demo is sign into your personal demo with your Facebook account, your Google account, or your email. The entire process is as simple as signing up for a game on your mobile phone and takes less than a minute. Sign in and start trading – that’s it.
To get your personal IQ Option demo, follow the link we provided for you and sign in.
Start trading for as little as $10 wit IQ Option
Aside from their demo, IQ Option offers another great feature: they allow you to open a real-money account for as little as $10. While a $10 deposit is more than no deposit, it is still close. If you want to give real money trading a try, IQ Option is the perfect to do so for the lowest investment possible.