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Binary.com demo account

Binary.com – is one of the most experienced and authoritative Binary options brokers. Founded in 1999, the company has not only earned a reputation as a reliable broker, but also managed to create an extensive client base of more than a million traders.

The company offers several trading platforms to choose from, a small minimum deposit, flexible trading conditions due to the small lot and quality technical support. Withdrawal of earned funds is possible to most popular payment systems, including cryptocurrencies. Another distinctive feature of Binary is the availability of licenses from international regulators. This shows the reliability of the broker and the safety of working with it.

 

Why do I need a demo account?

Binary options – is quite a risky instrument, so you should start working with them after testing on a demo account. Most brokers offer such trading without registration or after creating a personal account. Demo account opens for free, but there are brokers who give access to it only after making the first real deposit. As a rule, the functionality of the platforms where you can work in the demo mode, or the validity period of such an account is limited. In addition, it is often impossible to save data on transactions conducted with virtual money. But there are also those companies that provide similar functions and tools to a real account. These include Binary.

This way of working helps to monitor the behavior of assets, track reactions to changes in the world, test different strategies for trading, and transfer successful experiences to real work. It allows creating one’s own trading system. After getting good virtual results trader can start trading without fear to lose his funds (Binary options trading training). The amounts offered by brokers on demo accounts vary. They may start at $1,000 and go as high as $50 or more. Trading on a demo account has advantages and disadvantages. The former include:

  • the ability to create an account for free without having to make a deposit;
  • quick acquaintance with the broker’s platform, transaction history, personal account, training materials;
  • gaining trading experience;
  • the opportunity to test different strategies, choosing the most suitable one;
  • trading in real market conditions without the risk of losing real money.

The disadvantages of a demo account are rather psychological. The reason is that trading with virtual money, traders often treat their work as a game, as they are not afraid to lose their funds. The responsibility for virtual money is low and it is easier to spend than real money. But it can be fraught with risk if a trader decides to gamble with real money without fully learning how to trade binary options.

What are demo accounts?

Each broker offers its own conditions for providing a demo account. That’s why their options may differ. For example, there is a demo mode, which is available only after the first deposit. The logic of such companies is clear, because the client has already invested his real money, and therefore with greater probability will continue working with the broker in the future. But for users this option is often not very convenient, because they need a demo account just for the purpose of understanding whether it is worth trading on the platform of a particular company. There is also a demo account without registration. This means that the broker offers a separate interface without any special requirements or problems. But often the terminal of such variant has limited functionality, so it does not allow to fully assess the work of the service and to test those or other strategies.

Some brokers offer a demo account with a limited term. This is a convenient option for the broker, because after this term is over, the client will have to make a choice – to stay with the company or look for another one. This means that he will have to make a quicker decision, while with the unlimited demo mode the user can stay away from real money trading for as long as possible. A demo account with no time limit and no functionality is the most convenient for a trader. This type of account offers an opportunity to fully evaluate the work of the broker and its terminal, check the functionality and analysis tools, as well as to test the maximum number of possible strategies in order to find the right one. Such variant is offered by Binary.

Is there a difference between a demo and a real account?

The differences between a demo and a real account depend on the broker. Some companies offer a demo mode, which does not differ from trading with real money. It means that a client on a demo account can use the same functionality of a trading room, technical analysis tools and chart types, as traders who trade in the real mode. Such account is offered by Binary broker.

But often there are also companies that offer limited demo account options. For example, the demo mode may have a certain validity period. This means that during this term the client can use virtual money, and at the end of it accept a withdrawal – make a deposit or refuse the broker’s services. Another option of limitation is a smaller number of functions and instruments. In this case the user will not be able to fully evaluate the trading procedure with the company’s terminal. Therefore, such options are not suitable for beginners who would like to learn how to trade binary options and test their first strategies.

 

Binary.com demo account

On the broker’s website binary.com you can work with a virtual demo account, which is available to all who register. For this procedure you need to enter your email, to which you will receive a confirmation letter, or use a quick registration via Google+ or Facebook.

A demo-account will get 10 thousand dollars, with which you can learn how to trade, using the full functionality of the company’s terminal. Demo-account allows you to check the convenience of working with the broker, the competence of technical support, to test different strategies. After getting acquainted with the terminal, the trader can choose the type of account, make the first deposit and trade already with real money. While the demo mode is in use, the terminal will have “Open a real account” buttons for a quick transition to real money trading.

Benefits

One of the main advantages of the demo mode from Binary is the full functionality, which does not differ from the real account. You can use all the tools for technical analysis, which will give you the opportunity to test different strategies. In addition, it is possible to test the selected trading system in real time. This is important because testing on historical data does not give such a comprehensive characteristic as trading online.

You can also use all the trading platforms that Binary offers, and the option to create a robot Binary bot. This is the name of the proprietary advanced programming tool, which makes it possible to create trading applications to automate preferred trading strategies.

Features

A Binary demo account provides the same opportunities as working with real money. The functionality of all trading platforms offered by the broker, as well as the time of use, are not limited. You can also use the analysis and account history functions. The “Useful” section is also available in the demo mode, where you can see the asset index, market opening time and economic calendar. On the “Portfolio” page, the trader can see the open positions and balance.

Terminal

There are several trading terminals to choose from. The most popular is Smart Trader, the market-leading binary options program. This platform does not need to be downloaded and installed, you can trade immediately after registration directly in the browser. The advantages of this terminal are convenience and minimalism, there are no unnecessary options, which makes it most convenient for beginners. There is also an “Excursion” button on the company’s website, which opens the instruction on the platform. Smart Trader has 5 types of options and information on them. It is possible to analyze the market by changing the chart type, expiry, using different indicators, comparing assets.

The broker also offers traders the MetaTrader 5 platform. This is a powerful terminal that has many features and the ability to invest in forex and binary options. The terminal also has a trading robot based on an algorithm set up by the author. After setting it can automatically open/close positions and notify about signals in the market.

You can also work with the Deriv platform developed by Binary. It also has a lot of useful functionality. The simple and powerful interface will suit both beginners and experienced traders.

Another option is Webtrader. This terminal allows you to follow both market dynamics and assets. It has an advanced interface designed for binary options trading. A unique feature of Binary – trading robots. This is a software tool developed by the company that allows you to automate processes using your own trading systems.

 

How to open a demo account with binary.com?

To open a demo account, you must register. To do this, you can create an account by entering your email or using the quick login form via Google+ or Facebook. After that the client will have a personal account with 10 thousand virtual dollars, which can be used to work in demo mode.

 

How to trade binary options with Binary?

To work on the Smart Trader terminal, you must first select a market and the underlying asset. You can choose from forex, stock indices, commodities and Synthetic indices. After that, you need to select the type of contract. There are three options: up/down, in/out, touch/no touch. Next, you need to change the contract parameters, specify the start time, duration and bet amount.

 

Conclusion

Binary (Open a demo account) is a popular and reliable broker that has been working in the field of binary options trading for a long time. Both for beginners and for experienced traders who want to test the work of the terminals and trading tools, the company offers a demo account.

This is a convenient mode of work, which is not limited in time and functionality. The broker offers 10 thousand virtual dollars to work with in order to evaluate the company’s trading platforms and their capabilities. This is a good opportunity to test different strategies and create your own trading system.

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