What a binary options demo account is not
From the moment that you signup you will be automatically entered into any binary options competition that we hold meaning that you are eligible to win some great prizes. As a free member you can also follow up to three other traders. Whilst you will receive a notification when someone that you follow places a trade, you will need access to TradeConnect in order to be able to view the full trade details.
Can I copy other Traders? If you have access to our TradeConnect feature it is possible to copy other traders. Please visit the My Brokers page to connect your accounts. Once your accounts are connected you can use the TradeConnect Copy feature to copy trades directly to your broker account. What exactly is TradeConnect? TradeConnect is a great way to learn from the more experienced traders on our platform and you can also use this information to profit by copying trades yourself either manually or with one click at one of our integrated brokers.
It is also possible to copy a trade using your demo account, you can do this by clicking on the copy link that appears in the box for every trade made by someone you follow. What are the benefits of Premium Membership? How do I become a premium member? You become a premium member by purchasing a premium membership to our site.
This can be done by clicking the Premium button that appears after logging in to our site. What trading platform do you use? We developed our own trading platform and created a company called Social Trading Solutions to deal with the software side of things. So just to be be clear, there is no charge for trading as long as I want on your platform?
That is correct, we do not charge for the use of our trading platform and anyone is welcome to trade on our demo platform for as long as they would like. Where can I view a history of all my trades? Your complete trading history is available via the trading area or via the drop down menu under your name at the top of screen. How does your Top Traders feature work? Our Top Traders feature works exactly as the name implies. All trades on our system are registered and our system automatically keeps track of how much profit each trader has made during a specific period of time as well as a range of other variables.
Top Traders are displayed on the homepage of our website as well as on our Top Traders page. Using our premium TradeConnect feature you are also able to follow our top traders or any trader on our platform and view what trades they make in real-time.
There are a number of reasons why the rates for our assets may differ from those of another broker, trading platform, mt4 or TOS. Please note that we update our real-time rate for visual purposes once per second, ie charts and rate are updated once a second. Trades are executed and close based on faster updates. Data Exchanges Unlike equities and indices, Forex rates can differ depending on which exchange the data is being derived from.
Different Data providers use different exchanges. For our Forex data we use xignite. 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.
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. Likewise, if you are still honing a strategy, a demo account can be invaluable for putting it to the test.
IQ Option will even allow you to back test trading strategies on the demo account or even test robots in real time. 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.
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. 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. Some brokers will promote competitions and contests among their demo users.
The bright side is that they offer an unlimited account: We needed some time in the Live chat to login into this account but at the end we were all good. The problem here is the SpotOption software which is a bit slow and I was not really sure if all prices are delivered in real time. Besides that it is a good fact that practically it is an unlimited virtual account as long as you keep your balance positive. Traders can easily switch between different options.
This is the only demo where one can try boundary strategy as this is the only demo where boundary options are to be found.
To get this demo you have to spend some time in the live chat. You need to have two different e-mails — one for the real account and another for the demo. Not really useful demo account as you can trade only for 48 hours. After that you need to make a deposit if you want to continue in virtual mode. This little fact makes it useless for testing strategies and systems.