A Demo Account is a great way for investors who are new to binary options to learn the process involved, to try a particular trade or experiment with a trading strategy – all without having to risk any of their own investment funds. As such, they are an ideal starting point for anyone continuing their binary options journey.

Some brokers will offer a demo account as part of a training package to new traders. So in addition to access to videos, webinars and even one to one training, the broker will also allow traders access to a demo account. This training package is usually only offered when an account is opened and funded (real money deposits are made). Opening only a demo account without funding a real money account, often means that a full educational program is not provided. This isn’t to say a demo account isn’t worth it.

Top Brokers With Demo Accounts

Key benefits of using a demo account:
  • Education – Learn how to trade binary options, and learn how to use a trading platform
  • Payout comparison – Payouts vary asset by asset, demo accounts at several brokers allow brokers to be compared to specific assets
  • Trading Strategies – Experiment with new, risk-free trading strategies
  • Discover additional features – Use charting tools, or educational materials without making a deposit
  • Shopping around – Demo accounts allow several brokers to be tried before choosing the one that suits the individual trader. No financial expenses.
  • Money Management – ​​Avoid any trading profile. Find the right trade size, or perhaps specialize in a particular asset.

We explore some of these benefits in more detail below.

 

How to Find the Best Demo Account

Our comparison table offers a quick way to compare the services of some of the top options brokers online, but there is a way to take a closer look – opening a demo trading account. Each broker offers a slightly different interface and tools. Trying them out before committing any money to the account is the best form of comparison. All demo accounts listed here have no deposit demo accounts.

Subtle differences in markets, expiration times and minimum trading levels, mean that what works well for one investor may not work for another. In binary options trading, things can change quickly, so a quick, easy to understand trading portal is essential. However, the best layout may be a matter of opinion. So trials can allow potential customers to find the best trading platform for them.

Test binary trading strategies with demo funds

Trading strategy is a key element of binary options investing. However, finding the right strategy is not easy. In fact, the work strategy may see a fall in the long run. So while new methods are being tested, or existing processes tweaked, a demo account makes sense. Running through a series of trades where no money is at stake, allows the investor to see what is working, and equally, what is not.

Running a demo trading account alongside a real money binary options account is an ideal way for those who want to create a profitable strategy to do so while minimizing risk.

Find your right trade size

Demo trading accounts also allow investors to find the right investment level for them personally. There are various strategies or advisors that advocate investing a certain percentage of the total fund for each trade. Some investors may be interested in investing more in some trades and scaling others back. With a demo trading account, it is easier to see how much the account needs to be funded with, to deal with whatever the strategy is. This means finding the right trading level is also easy.

Specialize in a particular asset

Taking the time to trade for a while through a binary options demo account can highlight strengths and weaknesses. Focussing on the strengths – a history of successful trades – can lead to long-term specialization. Certain asset classes may be better suited to the type of duration that certain traders prefer. Likewise some personal views on assets can lead to more successful trades. Identifying these trends before funding an account can save a lot of money that could be better invested elsewhere.

Build experience

Ultimately, a demo trading account will allow investors  to learn  , without costing them anything. Build experience and confidence, without having to lose money. This lesson may be very similar to one that other traders have to learn the hard way – by losing money. New investors especially, would do well to try and progress from beginner to experienced trader as cheaply as possible. This is what makes optional demo trading accounts such an invaluable tool. Unfortunately, not all brokers offer a demo account and the list is shrinking. We’ve listed those that do, so take advantage while you can.

 

No Deposit Account

Brokers usually do not require a deposit to open a demo account. They have enough confidence in their brand to allow potential new customers to try out their trading platform without making a deposit.

All binary options demo accounts listed on this page have no deposit demo accounts.

No Account Registration

All brokers will require some form of registration before allowing new traders to open a demo account. They need to get an email address – and verify it – as a minimum, but the benefits of using a demo account far outweigh any hassle of signing up.

Currently, Ayrex offers access to no registration demo accounts. This allows traders to view and use the platform, but any results or history will be lost when the user leaves.