Can I Trade Binary Options Without Depositing Money?
t’s a question every new trader asks: Can I trade binary options without depositing money? The good news is: Yes, you can! With a binary option demo account, you can trade binary options without having to deposit a single Cent. To accomplish this feat, however, you need the right binary options demo account – and that is hard to find.
In this article, you will learn:
- How to trade binary options without depositing any money by using a demo account,
- Why not all demo accounts are right for your goal, and
- How to find the perfect demo account to trade binary options without depositing money.
Can I trade binary options without depositing money?
A binary options demo is the ideal tool to trade binary options without real money. A demo provides you with play money, allowing you to test your broker and all its functions risk-free.
Even though this is the perfect set up, finding a deposit-free binary options demo is difficult. While all trustworthy binary options demos are free, almost all of them require you to make a deposit with the broker.
For example, Banc De Binary, one of the leading binary options brokers in the market, requires you to deposit at least $250 to get their demo. You can withdraw all of this money once you are done with your demo, but you nonetheless have to make a big initial investments. All other brokers have similar demo models, with some of them even requiring you to deposit significantly more money to get a demo, for example $500 and more.
If you are like most new traders, you are probably are reluctant to invest so much money into something that you have not even tried yet. You would prefer a demo that allows you to start trading without making a deposit.
Currently, the only way for traders to get such a deposit-free demo is IQ Option. The IQ Option demo has the great advantage of allowing traders to test binary options by simply signing in with their email, Facebook account, or Google account, much like they would sign into a mobile game.
After signing in, the IQ Option demo offers you $1,000 in play money to try all the binary options types and assets you want.
The great advantage about the IQ Option demo is that is not only free, it is also one of the best demos currently available, and it is offered by a completely trustworthy broker with government oversight and many prominent partners. If secure is important to you – and it should be – IQ Option is the perfect broker for you. Especially newcomers will like the IQ Option demo’s easy accessibility, handling, and risk-free trading possibilities.
If you ever asked yourself whether you have what it takes to become a successful binary options trader, the IQ Option demo is the perfect way to find out without having to risk any money. If you are lucky, you might have found your way to financial independence. If not, you have not lost anything.