OptionField Binary Options Free Demo Account Without Deposit!

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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Demo Accounts

Here we list and compare the best binary options demo accounts with no deposit requirements 2020, and look at whether a free demo account really is ‘free’ and even where you can get a trial account with no sign up at all.

For traders, a free demo account makes a lot of sense. You get to try the trading platform, or a mobile demo app, at no financial risk. Brokers should also be proud to show off their platform and customer service, so traders should be able to use a demo account without deposit and with a simple sign up process.

Brokers with Demo Accounts

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A Guide To Demo Accounts

‘Try before you buy’ is a concept we’re all familiar with – both on and offline. When it comes to trading sites, this concept takes the form of the demo account; something that’s a feature of virtually all online binary options brokers you’ll come across. From the broker’s point of view, this is their chance to ‘wow’ you with their platform and its multitude of features. It’s where they hope to earn your trust – or at the very least, to get hold of your email address. Likewise, as a prospective binary options trader, the demo account gives you the opportunity to put the platform to the test. Does it work? Can you make sense of it? Does it feel right? These are the questions you need answers to before you hand over your cash. Here, we take a close look at binary options demo accounts; how they can help you and what to look for as you decide whether to move on from the demo to the real deal…

Getting Started

Head on over to a broker’s website and the “Try it now” button (or something very similar) will feature prominently. The way most demos work is simple; the broker gives you a set amount of virtual money to play with ($1,000 is a popular figure). You then use this “money” to explore the platform; placing as many or as few trades as you wish. Losses and gains are credited to this virtual, dummy balance. So is it always safe to sign up? At the very least, the process tends to involve submitting your email address and specifying a user name. (That said Ayrex offer a ‘no sign up’ demo account)

Download on Mobile Devices

If you intend to use the demo account app on a mobile device, it also usually involves downloading the company’s app. Bearing in mind that it’s never a good idea to hand over personal information blindly – or download software from an unknown party, it’s advisable to do your homework first. What can you glean from independent reviews of the site? Where is it based? What do actual users have to say about it? Even though it’s just a demo, it’s still important to know that you’re in safe hands. Be especially wary if the demo sign-up process takes the form of a data-mining exercise – i.e. if you are encouraged to provide large quantities of personal information. There really should be no need to provide bank account details at this stage; if the platform is requesting this and you are (rightly) uncomfortable with it, there are plenty of other platforms out there that don’t require this information – so consider looking elsewhere.

How To Use A Demo Account

At heart, binary options demo accounts provide the chance to test-drive the platform. So here are the areas to focus on as you put the platform through its paces…

Compare trading platforms without deposits

What you are looking for is a “full-fat” experience of this particular broker’s trading platform. If you eventually decide to use it as a tool for real life trading, it has to be a tool that’s comfortable to use. As such, it should ideally be fully representative of the live platform in terms of access to all features. A demo account allows more than one platform to be compared. This is useful both for the novice trader, but also for more experienced users looking to ensure they are trading with the best provider. It is of course, possible to have accounts with different brokers to ensure the best payouts on specific assets and trades.

Demo trading account should match live platform

The idea behind most demo accounts is that you see the results of your simulated trading activity reflected in your virtual balance. For a true picture here, it’s important that the payout rates mirror those in real life. So for instance, on the live account, if the payout rate on a particular asset is 85%, it’s important that the same rate applies on the demo account, too. Likewise, if the live account features a returns slider, that slider should work in exactly the same way on the demo as on the real thing.

Is binary options trading for you?

As a novice in this area, you may be weighing up binary options alongside other forms of trading. As well as reading around the subject, signing up to no-deposit binary options demo accounts can be a useful method of hands-on research.

Exploring new asset classes

Let’s say you have only ever traded one or two asset types in the past (forex, for instance). Binary options demo accounts provide a risk-free environment to explore new areas. From indices through to commodities and individual shares, the demo should ideally provide access to all assets available on the live version, giving you scope to experiment.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Demo accounts as part of your education

Some brokers provide access to a wealth of educational and instructional resources – suitable for novices and more experienced traders alike. A range of brokers focus on user education, featuring an introduction programme, a range of seminars and various guides. The demo account is one of the best ways to find out whether you actually understand what you’ve been learning. Likewise, if you are still honing a strategy, a demo account can be invaluable for putting it to the test. Consider it a ‘practice account’. IQ Option will even allow you to back test trading strategies on the demo account or even test robots in real time.

News and analysis: how does the alerts system stack up?

Many platform providers claim to be able to keep you in the loop – where ever you are. An alerts system can certainly be invaluable in keeping you up to date with changing market conditions and informing you of new opportunities. So the demo account lets you see just how useful such a service really is – as well as allowing you to test out the mobile-friendliness of the platform.

A growing segment of the demo account picture is for the full trading app experience to be available via a demo account app. The brokers who have taken the time to make this available, are more likely than not to have the better trading platforms – after all, they have gone to the extra effort of making sure as many people as possible see it.

Free Accounts – Check It Actually Is Free!

Some brokers will offer a demo account, and refer to it as “free” – but it actually requires a deposit in order to gain access. Given the benefits of a demo account, it might be worth paying a deposit, particularly if it is a brand you want to check out – but tread carefully. In some cases, the initial deposit can trigger a bonus, which may impact withdrawal limits. Where this is the case, the demo account is certainly not “free”. In most cases, a demo account will not require a deposit. The broker should have enough faith in their platform that you will not look anywhere else after trying theirs. Those that impose restrictions (such as needing a deposit, or large amounts of sign up information) perhaps do not have as much confidence in their offering.

Demo Contests

Some brokers will promote competitions and contests among their demo users. This encourages traders to use the platform more, but also aids the broker in converting those demo account holders into real money users. These contests come in many guises but often carry real money rewards – another step in hoping traders make the move to real money. These contests are just another marketing tool for the broker, but offer traders a good incentive to stay active. No deposit is required to enter so there is no risk for the trader – and they can be a lot of fun.

Finding the Best Accounts

A demo account should be a risk-free, no-obligation way of testing a platform. It can be especially useful for finding out whether the user experience described by the broker is all that it’s cracked up to be. Ideally, you’ll do some homework on the broker before signing up to the demo (checking key areas such as whether it is regulated and whether the payout rates are competitive) to avoid wasting your time on a broker who might have a swish website but less than adequate service. Finally, it’s worth noting that once you’ve signed up to a demo, access to it might be granted for a limited time only. So if you do sign up – don’t forget to make the most of it. The very best demo accounts are free, exactly the same as the real platforms, and not time limited.

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Practice Binary Options Trading with a Demo Account

You’re brand spanking new to binary options. Never made a trade before in your life. I get it. You’re confused. But you want to give it a shot. You heard about this new way to make money and want to get your piece of the pie. Maybe even make enough to quit your job.

The problem – binary options are bloody confusing.

You get the gist. You want to predict if the market rate is going to be higher or lower than the current rate. Get it right and you’ll pocket some extra monies. Get it wrong …and …you know. The theory makes sense. Where you get lost is in the application. Using the software. Making the trades. Knowing if your prediction was right or wrong, and when you can find out. Just getting started.

Actually trading binary options is a lot harder. But there’s a way to make it easier. Want to know what it is?

Demo Accounts

A demo account is just as it sounds – a demonstration of a broker’s platform. You can trade most, if not all of their major assets and products (aka options) in real time.

  • 24option Demo Account – Make a minimum deposit and they will give you a demo trading account where you can trade with fake money to learn how it works.
  • MarketsWorld – Get a 100% free demo account without a deposit required. Practice and start out with totally no risk
  • Goptions – Make a minimum deposit and get a demo account to trade with at this US friendly SpotOption broker.

The best part – demo accounts aren’t for real money. It’s play money.

No longer do you have to worry about learning binary options the hard way …aka with your hard-earned money. You can get your feet wet, learn the platform and even a strategy or two first. Then make the switch to real money when you’re more comfortable.

Demo accounts aren’t just for beginners either. Advanced traders use demo accounts to hone their strategies so they can make more money than they do now. So they’re for everyone.

But where do you find a demo account? That’s the question we’ll answer next.

Where to Find a True ‘No Deposit’ Binary Options Broker

The truth is not every broker will offer a demo account.

My guess is because they don’t encourage you to deposit real money which means the broker doesn’t make any money.

So what some brokers offer instead are free trades. On your first five or ten real money trades, if you lose the broker will cover the losses. You still get to (temporarily) trade risk free and the broker gets a customer. Win/win.

Sort of. Some people need more than five or ten trades to get used to binary options trading. Does that sound like you? Then check out the following brokers – they all offer a 100% free binary options demo.

(Keep in mind when you sign up for a demo account the broker will probably reach out to you. Their goal is to turn you into a real money customer at some point. Just let them know you’re not interested right now, but you may be later.)

If you decide to find a demo account on your own – BEWARE – there is something you need to watch out for.

Some brokers advertise a free demo account, but only if you make a minimum deposit or deposit enough to reach a specific account level.

My guess is this is their attempt to avoid wasting time on tire kickers. It does take manpower to call every person who signs up and try to sell them on an upgraded account.

Makes sense, but that’s not exactly what I’d call a ‘free’ account.

What’s worse is if you try to cash out your money – for whatever reason – the broker will charge you a fee if you didn’t make a trade. So it’s not only is it not a free account, but it’s costing you money.

Be sure to read the terms and conditions before signing up anywhere. Or read our broker reviews.

Once you get signed up somewhere you’ll want to start practicing making trades. And some brokers may only give you limited access, so you’ll want to make the most of the demo account.

Here are some ideas for how to do that.

How to Get the Most Out of Your Demo Account

If you’re new – even on a demo account – it can be hard to know where to start.

Here’s what I suggest you do.

The first thing I would do is run through the broker’s educational content first. Make sure you understand what binary options are and what each option/product does. Just so you know what kind of results to expect.

Then jump in – with both feet.

I recommend getting as much experience as you can. Try all the major products such as:

  • Binary options
  • Long term options
  • Short term options
  • One touch options
  • Pairs
  • Ladders
  • Currencies, commodities, indices and stocks

I suggest starting with the 60 second options first. The reason for this is simple – you can make a trade, then pull up the clock on your computer and wait 60 seconds. Things should happen. Beeps. Buttons flashing. Money being added to your account.

This is the fastest way to get used to the software.

If you set aside a couple hours to play with the software you can make some longer term trades. Make those first, then get busy with the shorter term trades while you wait. After a couple sessions you should have a good idea of how the software works and the general trading process.

That’s pretty much it. From there you can move on to making real money trades. But I still recommend having a demo account open somewhere you can access whenever you want. Here’s why:

For one thing you can practice more advanced strategies. I’m not an experienced enough trader to know of any, but I have seen this recommendation from expert traders.

Another thing you can use a demo account for is to test out tools and gadgets. You can test out a trading signal service or robot. Make sure they work with the platform and they live up to their claims before shelling out tons of money for them.

The bottom line – demo accounts are a great way to test things without having to spend much, if any money upfront. It doesn’t matter if you’re a beginner or advanced trader, you need to have a demo account.

Demo Contests

Welcome to the Optionfield DEMO Contests Arena!

As DEMO accounts are the only truly risk-free method of learning online financial trading and as competition often brings out the best of us, we at OPTIONFIELD Limited have proudly built this one-of-a-kind arena for you. We hope that Binary Options Traders from around the globe will compete, develop and exchange their experience here and we will do our best to support everyone and constantly introduce new challenges and technology. Our public contests are FREE and open to all, so if you want to test how you rank-up or simply show everyone how it is done, just jump into the field.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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