Binary options brokers with a demo-account

As you know, demo or training accounts serve like a way to try one’s hand at financial markets. However, though each broker has such a possibility at Forex, binary brokers allow a trader to play with virtual money in very rare cases. Within the last month, the situation of demo accounts at brokers has become much simpler, but, nevertheless, quite few brokers offer traders a full-fledged platform for investment practice.

List of brokers with demo accounts

At first sight, the demo account seems to be rather simple tool — a platform where you can buy binary options, without risk to lose your own money. In fact, the situation is not so unambiguous. There are three types of training accounts offered by brokers:

1. Full-fledged demo account. In this case, the broker provides the account with a certain sum with which you can trade. These accounts are free and do not limit the trader in any way.
2. Conditional-free demo account. Its feature consists in the fact that the broker provides the trader with a platform-imitation. In fact, there is no real account with money. There is just imitation of the platform and imitation of your forecast within this platform.
3. Paid demo account. The service is usually offered by large companies with a big initial deposit. After replenishment of trader’s accounts with real money, the broker provides a full-fledged demo account for practice as a bonus.

Brokers with full-fledged demo account

The following broker companies allow to open a full-fledged demo account using binary options:

• IQ Option — each trader gets 1000 virtual dollars which he/she can use for training the binary options trade at the platform of this broker.
• OlympTrade is quite a young company which provides a full-fledged account with a full-fledged platform for each registered trader.
• Binary com the demo account has 10 000 dollars with in which you may trade on a platform which is identical to the real platform of the broker.
• FirstBinaryOption allows to open initial demo with 10 000 dollars and to master binary options trade using it.
• OptionTrade  is the least widespread broker who offers a full-fledged demo account without replenishment of the deposit as well.

Brokers with conditional-free demo account

The following brokers offer a test platform which does not even have any money. But you can watch the platform online and make a trial trading.

• Anyoption — the trader gets an interactive demo version where he/she can test platform possibilities.
• TradeRush — this broker gives a chance to look at the platform, but without a full-scale trade.
• Opteck — allows to test the platform in a free mode, without registration and a personal account.

Brokers with paid demo account

The following companies should be mentioned among the brokers who allow using demo account after deposit of money.

In total, this category includes the majority of brokers offering the demo account after money deposit.

Forex brokers with demo account of binary options

Popularisation of binary options resulted in the fact that many Forex brokers started to offer their clients a possibility to trade with these contracts. Since demo accounts are very widespread at Forex, these companies provide test accounts for binary options as well. The following brokers should be mentioned among these companies:

What brokers with demo accounts are

Virtual test accounts may be of different types. For example, there are brokers who offer interactive platform with a set of tips. After studying such a platform, you do understand how the transactions should be opened and how their parameters should be chosen. Basically, such an approach will be enough for any trader to start binary options trading.

With the help of the interactive platform, the trader will understand a principle of trading terminal operation in only some steps. Then he/she can register at the broker and start trading with own money. Of course, the demo account of this type is insufficient for binary. However, we’ve already mentioned how unpractical such test accounts are.

Besides, there are brokers who offer their clients some lost-free transactions. What does it mean? Taking into account a constant inflow of beginners to the market, some companies offer them to make the first transactions at the broker’s expense. These are so-called risk-free transactions. That is if the trader’s transaction failed, the broker compensates the trader’s loss. Thus, the full sum will be paid, not only 10-15 percents of it.

There are brokers of binary options with demo account among the companies which had offered Forex trade earlier. These brokers have full-fledged demo accounts the trader can work with. Thus, the platforms can be both installed on the personal computer and used online.