IQ Option free demo account
What is a demo account?
The best way to learn how the world works is to try to integrate into it as much as possible. And to find out how the financial system works, you need to try to dive deeper into the whirlpool of organized trading, and for this you just need to open an account with a broker and gain access to financial trading platforms. IQ Option is one of the best trading companies. For almost 10 years of operation, the broker has gained wide popularity among traders and received several awards. Many beginners started working on the IQ Option platform because of the favourable conditions; another indisputable advantage is the presence of an IQ Option demo account.
Demo account is an easy way to learn how to effectively open trades without risking your own money. For experienced traders, this is a great opportunity to test a new strategy on virtual funds in order to successfully repeat it in real trading conditions.
The virtual trading platform provides you with a practical mechanism for trading in the financial markets. When you open a foreign exchange practice account, you receive virtual dollars that can be used to evaluate the performance of your trading.
How does demo account work?
A demo account is a trading account where you can trade with virtual money. There are many reasons to always have a practice account handy. Consider the advantages of demo account IQ Option for a trader:
- ACQUAINTANCE WITH A NEW TYPE OF ACTIVITY. If you haven't traded before and don't know if it's right for you, a virtual account is the best way to find out.
- TESTING STRATEGIES. Experienced traders often test their developments not with real money, but with test accounts. Such a preliminary check allows you to understand how much profit a new strategy can bring, whether something needs to be changed in it.
- MANAGEMENT OF EMOTIONS. Perhaps, for beginners, the psychological pressure of the exchange is often excessive, and they quit this activity without learning to control their emotions. This kind of account, while not involving as intense an experience as trading for real money, can still give you an idea of the emotional strain you will face in the future. And it is easier for a prepared person to cope with emotions.
- EDUCATION. Trading without a demo account can be frustrating for new traders. This account allows you to get a better understanding of how the market works in practice.
- BROKER TEST. You will probably want to use a demo account to see if the web client version or trading platform is right for you.
Demo account features and limitations
There is one significant difference between a practical account and a real one; real money is not involved in it, and you will not be able to withdraw your profit in any way. All assets that you buy do not become yours in reality. In case of a successful transaction, you will still not be able to withdraw your profit.
At the same time, the great news is that IQ Option free demo account is not limited in time of use. In other words, you can make a IQ Option demo account reset and continue training for as long as you like. It is very CONVENIENT, USE THE OFFER NOW!
How to use a demo account?
Demo account traders also get access to most of the broker's client services, so they can better understand how the broker can work if they decide to fund their trading account with real money. Here are the main features of the platform that will become available to you while using the IQ Option demo account:
- Video training.
- Access to a variety of assets.
- Technical and Fundamental Analysis.
- Work screen and trade parameter settings.
- Support Desk.
- History of operations.
- News and current quotes, etc.
How to register IQ Option demo account?
Some people hesitate to take the first step and start trading because they don't know how to open demo account in IQ Option. Are there any special steps required for this? Payment? Not at all. You only need a simplified registration, as there is no real money involved at the moment.
IQ Option demo account sign up is easy and safe! Try it, you have nothing to lose! Buy just a couple of assets and see the simplicity of the platform!
The procedure for opening a practice account is as convenient and fast as possible:
- Fill out the registration form by clicking on the link below. Enter your email in the field IQ Option demo account login.
- After filling, click "registration", and then in the pop-up menu, select "trade now on a practice account".
- The system will take you to the trading floor for your first trade.
- You will be automatically credited with a virtual amount of $10,000, use it completely at your discretion for transactions on any assets!
TRY YOURSELF IN TRADING FOR FREE!
If you decide to immediately register a real account, then you need to go through the account verification procedure, and then replenish your account with a minimum amount. Usually, the minimum deposit threshold is $10. At the same time, the MINIMUM DEAL is only $1! But since conditions can change. Specify the minimum deposit before registration.
Devices on which you can trade
For your convenience, the broker has developed various trading methods. More precisely, you can use your IQ Option demo login to trade not only on the company's website. You can use applications for PC and smartphone that you download for free from the official website. Just choose your system, download the application for it and use the IQ Option free demo account in any convenient place. The most popular version is the application for PC, it is the most functional and fast in operation.
The broker offers trading in a wide variety of instruments on a demo account, you can buy and sell more than 300 different assets. You are offered Forex and CFD trading instruments. You will also learn how to trade on margin. Margin trading is based on a simple principle: the broker lends money to the trader, he trades, repays the debt, and takes all the profits for himself. So, margin trading allows you to equalize opportunities between large experienced traders and novice amateurs.
A CFD, or contract for difference, is a derivative instrument whose value follows the price of the underlying asset. Any exchange commodity can act as an underlying asset - stocks, metals, oil, etc. CFD allows you to profit from an increase or decrease in the exchange rate without making an asset purchase on the exchange. Now traders can trade stocks, oil and other commodities with a single broker.
One of the important features that the IQ Option platform presents to the trader is the ability to leave your marks and designations on a live chart. In other words, use technical analysis.
It should be noted that the four most popular charts are presented on the platform. Linear, Bar, Candle and Heiken-Ashi. If you have little experience in using them, you can use the video tutorial and get to know them in more detail. Use the IQ Option demo account to learn how to work with technical analysis!
A variety of indicators are also an integral part of the work for many traders. There are dozens of them on the platform! You can start with the simplest and most in-demand ones. They are allocated in a separate group, "popular."
To open and close a deal, you need to place a so-called order to buy or sell an asset on the exchange. But there are different types of orders.
Market - orders to make a transaction on the exchange at current prices. You came to the trading floor and decided that this is the right moment to open a position.
Pending (limit) orders are orders to make a deal when the conditions set by the trader are reached. For example, you are not satisfied with the current price of an asset, but there is an assumption that it should soon fall to the mark you need. In order not to sit in front of the monitor waiting, you use a pending order: make a purchase when a certain price is reached.
They are used to reduce the risks of the transaction. They are divided into two types: take profit and stop loss. The first is used to save profits, the second - to reduce losses.
How to reset IQ Option demo account ?
As mentioned above, with this broker, you have the opportunity to make an IQ Option reset demo account. Imagine that your virtual currency is over, but you still need an account in the process of work. Then you click on the "deposit" button to the right of your practical account balance and the amount will again increase to $10,000. THIS IS A FREE SERVICE, USE IT!
How to switch from IQ Option demo to a real account?
To work simultaneously on a real and demo account, you do not need to create multiple accounts on the site. Use the IQ Option login demo that you specified during registration, log in to your account as usual and click on your account balance in the top working panel of the screen. The system will offer you options for available accounts. Choose the one you need and switch between them, if necessary! Very comfortably!
A demo account is a good tool for both beginners and experienced traders. It allows you to get used to the exchange, try out a strategy, check commissions and get to know a new broker. Use this tool wisely and do not trade on a demo account for too long, and then it will only benefit you.