A Binary Options Free demo account, or simulator, is the ideal way to practice trading Binary Options in a real time trading environment without having to risk any money. Few brokers offer a demo account without requiring a deposit. We provide an updated list of the best brokers with free demos. Simply register for an account using a real phone number. When customer service contacts you be sure to ask for your free demo (provide demo code where applicable).
Top Demo Accounts
The following Brokers offer a Free Binary Options Demo Account. Simply register for a free account with one or all of these brokers and you will gain access to a fully functional, real time demo account. When you sign up for a Free Demo account you must provide a REAL PHONE NUMBER so that customer service can confirm your account.
|Free demo account • US Traders Accepted • 90% returns||Open Account|
|Free demo account • Unlimited trading • 95% returns||Open Account|
|After minimum deposit • Unlimited trading • CySEC regulated||Open Account|
Why Trade With a Binary Options Demo Account
Expert consensus strongly advises that you should trade binary options for some considerable time without risking your own money before going live. You can do achieve this objective by opening demo accounts with binary options brokers who will then permit you to utilize their trading platforms that provide extensive free demo facilities and tools. By doing so, you will also gain the opportunity to assess and compare the trading platforms of all brokers who capture your attention. You will find that they are more than willing to allow you to do this because they can then advertise their facilities and services with the prime objective of convincing you to open a live account with them.
However, although this idea appears to be impressive, there are serious differences between trading a demo account compared to a live one. For example, you will not endure the same psychological and emotional trauma when demo trading since, as your own money is not at risk, you can adopt a more gung-ho approach. In contrast, live trading can generate serious nerve-racking situations especially if you begin to sustain a series of consecutive losses.
For example, you do not have to concern yourself about losing your account balance when demo-trading because you can always replenish it for free. Consequently, you can adopt a more cavalier approach to trading binary options which could cause you to develop weak habits, such as trying to keep your positions open indefinitely. You will find that transferring such concepts to live trading conditions is definitely not a good idea as you could expose your equity to undesirable levels of risk exposure.
You should attempt to overcome such problems by stimulating live trading conditions as accurately as possible when in demo mode. For example, using a demo balance of $50,000 could generate meaningless results if this sum does not equate to the amount that you plan to use when going live. In contrast, you should always choose a dummy account balance that is more representative of the size of equity you intend to utilize when live-trading. By doing so, you will help recreate live trading conditions as accurately as possible.