IQ Option was first established in 2012. Since then, the broker has enjoyed a considerable amount of success. It has now gained a reputation as one of the most efficient and reliable brokers in the binary options trading industry.
There are many reasons that traders choose IQ Option as their broker. One of these reasons, however, is that the demo account offered by the broker is unparalleled. Those who sign up for this option are given a bounty of information and preparation opportunities.
How to Get an IQ Option Demo Account
One of the most attractive features of IQ Option is just how easy it is to sign up for a demo account. Unlike with other brokers, this one does not require much from those attempting to test out the accounts and platform. The registration process is incredibly simple and requires no funds or deposits from the traders.
If you wish to sign up for the IQ Option demo account, all you will need to do is go their website. Once there, you will be asked for your name, your email address, and a password to access your account. You will not be required to provide any credit card information or bank account details at all. The account will then be set up for you to use as you wish. In order to have access to the real IQ Option trading platform, however, you will be required to register for one of their accounts. This will require a minimum deposit of $10. You will then be able to begin trading in a real marketplace.
The IQ Option Demo Account
Once you have signed up for an IQ Option demo account, you are afforded several advantages and features. The first thing you are provided with is £1000 in virtual money. This is what you will use when placing practice trades. The virtual money deposited into your demo account can only be used with IQ Option and the products that the broker offers.
You will also have access to real time trading. In addition, you will also be provided with up to date and accurate quotes from Thomas Reuter. This, too, is offered in real time. With the money that you have been given you will be able to place trades on the same platform where real trades take place. Once you have refined your skills and strategies, you can then move onto a real account with IQ Option.
The Advantages of the IQ Option Demo Account
There are several benefits to using this demo account offered by IQ Option. This is not just an opportunity for new brokers but also for more experienced ones as well. The first advantage of this demo account is that it is completely risk free. You will be able to gain access to real time information and base your trades on that. However, you will not have to deal with any fallout that may occur.
Second, it gives you the chance to familiarize yourself with the software that is used by IQ Option. Each broker uses a different type of software and if you are not used to a particular one, you will require practice. This will help you to place trades more effectively. Furthermore, it will also help you to navigate both the account and the platform more quickly, more easily, as well as more freely.
Finally, this demo account gives you the chance to develop certain trading strategies. You will be able to see which technique works best with different types of trades. You can also determine which ones you are most comfortable with.
These are just a few of the things that you should know about the IQ Option demo account. This can factor into your decision about which online broker you would like to begin trading with.