Why You Need A Binary Options Demo
A binary options demo allows you to test all the crucial points in your trading career in a risk-free environment before you use real money. Allowing you to make your rookie mistakes with play money, the demo can potentially save you thousands of Dollars.
A demo can save you money when:
You first start trading. Nobody is born as a professional, and mastering binary options takes practice. A demo account allows you to develop and master your trading skills in a risk-free environment. We recommend that any binary options broker should start with a demo.
You first trade a new strategy: To enjoy a long, successful trading career, you need to keep improving your strategy. With a demo, you can try new strategies in a risk-free environment, allowing you to discover a change for the worse before it costs you money.
You first try a new broker: Brokers all advertise their highest payouts, but these best-case scenarios have little influence on your binary options success.
You first trade a new broker: Offering different assets, different binary options types, and different trading platforms, every broker is different. A demo allows you to get used to a broker in a risk-free environment without losing money.
Preparing you for your trading career and helping you to improve constantly, a binary options demo is a crucial element of your trading career. Many traders make the mistake of taking a demo lightly – a mistake that can potentially ruin them.
If you want to make a better decision, take a look at our list of the best binary options demos.
Our criteria for binary options demos that we recommend
In our goal to present you with the perfect binary options demo account, there are some demos that we exclude from the start. These demos lack the tools to help you to a successful trading career, which is why there is no reason to recommend them to anyone.
All the demos that we recommend on this site fulfill these criteria:
1. All demos are completely free
All of the binary options demos on this site are completely free. This means that you can test them without having to pay for them and without risking anything. Once you are done with a demo, you have either found the perfect career with the perfect broker, sending you on your way to financial independence, or you have had some innocent, free fun and have learned a valuable. Either way, you are better off than before. With our demos, you can only win.
Some demos are features of regular trading accounts, which means that you have to get the regular trading account to get the demo. In the process of getting a regular trading account, you have to deposit money with your broker, most commonly $250. However, for all of our demos, you can always withdraw your complete investment once you are done with the demo, thereby allowing you to use the demo for free.
2. All demos are with trustworthy brokers with high payouts
While all our demos are risk-free, there is little sense in testing a binary options demo with a broker that you would not want to sign up with once you are ready to invest real money. Therefore, all our demos are with brokers that put you into the ideal position to start a long and successful trading career.
All our brokers offer:
High payouts that can make you money,
Secure banking and trading,
High-potential binary options types,
A wide selection of assets from all markets and all types.
By fulfilling these criteria, you can be sure that all of our brokers put you in the perfect position to make money with binary options. Additionally, most of our brokers fulfill the criteria that can give you a good feeling when you sign up with the broker:
Government regulation: Most of our brokers are regulated by a government agency, guaranteeing that these brokers deal with your money safely and offer a trustworthy service. Since some traders do not like government interference, we also offer unregulated brokers. Check the individual broker reviews or follow our link to the broker’s website for more information on the topic.
High profile partners: Many of our brokers have high profile partners such as Premier League Clubs and professional athletes. These high-profile partners employ the best lawyers in the business to check the brokers before they partner with them. Therefore, you can be sure that any broker with such partners is trustworthy.