Free binary options demo accounts are among the greatest draws and marketing tools binary option brokers can make available to their would-be traders. It is indeed surprising how few such brokers opt to toss this offer into the mix. A good free demo account doesn’t just give the trader a way to put the platform of his/her broker to the test, it also serves to whet the appetite of the client for real money trading and as a test-lab for various trading strategies. Here’s a brief comparison of five of the best such free Forex, CFD and binary options demo accounts.
The HighLow demo account provides the best solution for binary options traders in Australia, New Zealand, China, Japan, Europe as well as other countries. In fact, HighLow is our favorite binary options broker. $10,000 are provided in virtual funds for people who sign up for an HighLow demo. HighLow is AU-regulated and is available in many countries which are excluded by EU-regulated brokers. HighLow is available in Canada, but you should keep in mind that binary options trading is illegal in Canada.
Read more in our HighLow Review.
Finrally is another one of our favorite brokers. They offer a free demo account and real trading of binary options, Forex, CFD and crypto currencies. They also have an in house auto trader, known as BinBotPro, which allows experienced traders to build their own personalized robots to execute their favorite trading strategies. While Finrally accepts clients from all countries, you should only sign up with them if binary options is allowed in your country. Traditional binary options brokers like Finrally are not allowed to accept US traders, even though they still do. We recommend that US traders use Nadex, or a different CFTC regulated binary options exchange.
The Ayrex.com demo is unlimited and completely free. No need to even register. And Ayrex though unregulated is a really good broker with a lot of positive feedback. The platform is versatile, the minimum deposit is $5 and they accept people from all locales so it’s a very convenient deal. Ayrex Review.
IQ Option Demo
The IQ Option demo account is without a doubt one of the best in the business. The reasons for its success are numerous, but the fact that it belongs to one of the most popular brokers (and that it was developed in-house) certainly hangs heavily in the balance. The IQoption demo account offers traders access to some of the best trading tools in the industry. It opens up all the features of the full software to the general public, for free. Accessing the demo account is easy. All one is required to do is to register, by filling out a registration form. After that, $1,000 is immediately made available in the demo account. Given how the minimum investment is $1, that does indeed provide more than enough fuel for testing out strategies and getting the know the interface. The trading interface is very user-friendly and easy to get the hang of. It has to be noted that one doesn’t actually have to make a real money deposit to gain access to the IQoption demo account.
The IQ option trading platform offers second-by-second tracking of various markets. It is, in and of itself, a great charting solution. Traders can select various technical indicators and trade right off these charts. Needless to say, all these features are available in the demo account as well. One will quickly find him/herself drawn into a lengthy demo trading session on this platform, and as strategies are figured out, the thought of a real money deposit will become more and more attractive, especially considering the fact that the minimum requirement in this respect is only $10.
IQ Option recently added Forex, CFD and Cryptocurrencies to their beautiful trading platform. Learn more in our IQ Option Review.
I suggest using the IQ Option demo if you’re in one of the countries where IQ Option is available. This excludes the USA, Canada, Australia, Belgium, Russia, Japan, Turkey, Israel, Syria, Sudan and Iran.
General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
In ExpertOption’s case, full access to a free binary options demo account takes on an entirely new importance. The site was only launched in 2014, so it’s a relatively new operation. Furthermore, its trading platform is a proprietary one, which makes it even more important for traders to be able to take it for a risk-free test-spin before they commit. That’s exactly what the ExpertOption demo account is meant to accomplish, and more.
ExpertOption take demo account accessibility to an new level too. Unlike the brokers discussed above, they do not even require any sort of registration on the part of their clients. All would-be traders need to do is to click a button, and the trading interface is loaded straight away.
The starting balance in their free binary options demo account is $1,000, and yes, all the features are indeed present in the demo version, including the full asset-selection as well as all the option types and expiry times. Obviously, one can reload the funds as many times as he/she wants to. As a learning tool, the demo account is indeed a perfect fit. Its every feature, including the actual execution of trades, mimics the real money platform perfectly.
Free Forex and Binary Options Demo Conclusion
Unfortunately, the above detailed brokers and exchanges seem to be the exception when it comes to free binary options demo accounts. Scores of brokers do not offer any kind of a demo account, while the majority of those who do, only offer limited access, for a limited time, to those who actually create a real money account and make a deposit.
If you’re new to binary options or Forex, the best way to start out is to sign up with one of the above free Forex or binary options demos and to join Michael Freeman’s manual signals Facebook group. Then, you should use our signals for 1-2 weeks with your demo account. Only make a deposit and start investing real money when you are confident in your ability to apply our signals profitably.