Demo accounts of Binary options brokers

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

List of the 11 Best Binary Options Brokers – Review 2020

The choice of a good Broker is undeniably one of the hardest steps to successfully trade as a beginner. My Binary Options Broker list and comparison can be very helpful here because the selection of brokers on the internet is quite large and therefore the chance to find a good broker. Find your suitable broker in a few moments in this honest review.

Best Platform
Highest Yield 100%+
Best Support

Broker: Review: Regulation: Min. Deposit: Yield: Advantages: Open Account:
1. IQ Option (5 / 5)
Read Review
CySEC (EU) 10$ up to 100%+
2. Olymp Trade (4.8 / 5)
Read Review IFC 10$ 92%+

Huge range of assets
High Yield 92%
Bonus Program 3. Expert Option (4.8 / 5)
Read Review VFSC, FMRRC 50$ 90%+

Good Platform
Account Types
Good Education 4. Binary.com (4.8 / 5)
Read Review MGA, FSC, VFSC 5$ up to 100%+

Highest yield
Clear platforms
Automatic trading 5. Binomo (4.7 / 5)
Read Review IFC 10$ 87%+

Clear Platform
High Yield 87%
VIP Program 6. Finmax (4.6 / 5)
Read Review FMRRC 250$ 70 – 90%

Account Types
Bonus Program
Webinars, Coachings 7. BinaryCent (4.3 / 5)
Read Review ✘ 250$ 80 – 95%+

Support 24/7
High Yield 95%
Trade with cents 8. Binarium (4.1 / 5)
Read Review ✘ 10$ 70 – 85%+

Clear Platform
Fast execution
Huge range of assets 9. Pocket Option (4 / 5)
Read Review FMRRC 50$ 80 – 90%+

Innovative Platform
Awards
Bonus Program 10. RaceOption (4 / 5)
Read Review ✘ 250$ 70 – 90%

Support 24/7
FX/CFD/Binary
Bonus Program 11. Ayrex (4 / 5)
Read Review ✘ 5$ 70 – 85%

Good Platform
Contests
Bonus Program

Binary Options is a financial instrument to trade worldwide assets with the possibility of a high return on investment. It is like betting on rising or falling markets. There are only 2 options, that is why it is called “binary”. You can win a high return of 75 – 95% in a selected time horizon or you lose the amount of your investment. It is so popular because it is a way to trade the markets very fast (5 minutes or less) and easy. I have to mention here you can trade it longterm too.

For more information about the financial product and how it works read the article: “How are Binary Options are working?”

The criteria of the Binary Option Broker Review 2020

If you looking for a good broker, you should following the next steps when you check the company. Sometimes traders get scammed by a bad and criminal broker. With this review and comparison, we try to prevent it. Furthermore, Binary Options are very risky. You only should invest money, which you can afford to lose. You can check the following criteria for finding the best company.

Criteria for a good and reliable Binary Options Broker:

  • The official physical address of the broker
  • Regulation or license
  • Free Demo Account
  • Experience in the markets
  • Good support and service
  • High asset profit and fast execution
  • User-friendly trading platform
  • A platform for mobile trading

Reliability of a broker and safety for traders

It is important to look at how long the broker has been on the market. I easy checked it on the homepage from the financial companies. A good broker provides you with all the information which you want to know. Some companies got an international regulation or license. Also, this is good for reliability. In addition to that, I checked the address of the brokers in this review. As a trader, you want to see clearly an official address of the company. At latest a trader should trust a broker. If you are not sure, just invest a less amount of money first and check the platform by yourself.

Official regulation and license are very important

High payout and asset return of investment for Binary Options

One of the most important point to consider is the asset profit. The average of the payout in this review is 75-95% for each Binary Options trade. There are differences between the brokers. Every trader wants to make a high profit in trading. If one broker got less asset profit like – 5%, this can be a huge restriction to you possible profits.

Moreover, every time the payout depends on the traded asset. Normally the broker provides the highest payout on the most traded asset. In addition, the payout can dependent on the expiration time too.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

Which broker provides the highest profit?

Free and unlimited Demo Accounts are necessary for every trader

The broker should provide you with a free demo account. This is an account with virtual money. It is made to practice the financial product and to test the trading platform. You can trade Binary Options without any risk with this virtual money. It is completely free to use. Also, traders can develop new strategies or improve their trading skills. Advanced traders or beginners try to trade new assets for the best success with this account.

Open your free demo account now.

On the other hand, sometimes the broker gives its traders trading tips for analysis or strategies. The demo account is perfect for practicing that new knowledge. Trading is very complex and often it is not easy to find the right way. This is the main reason for using a demo account. Most traders gain experience first before they invest real money. With own experience, it is possible to get a high profit with trading in the right direction.

How to open your real account

The opening of a real account should be as easy as the opening of a demo account. In most cases, it is very easy and fast. The broker requires some additional documents and data of the trader to proof their personality. Upload a picture/copy of your passport. Sometimes they require a utility bill. The broker will check the documents and verify your account in less than 24 hours. Important information: The broker only withdraws full verified accounts. (Not every broker requires this documents)

What do you need:

  • Data: Full name, address, birthday, phone number
  • Picture/copy of your passport
  • Sometimes picture/copy of a utility bill

Review of the Binary Options Brokers support and Service for traders

As a trader, you need good support and service. Most brokers are showing experience and knowledge in Binary Options. The Binary Options Brokers in this review give you the best and fastest support. According to that, they give traders sometimes a good education with webinars, videos or strategies. For beginners, it is important to learn theoretically about Binary Options. It is a risky financial product.

You can learn the basics and advanced trading knowledge in webinars with experts. The most brokers first show you the basics like functions of candlesticks and the use of technical indicators. Usually, a trading platform offers more than 30 different indicators. Sometimes it is hard to find a good working strategy with them. In addition, they give you some advanced knowledge and information to rule the markets. Most brokers offer you a better education if your deposit is higher (see account types).

Another option of service is account types. For big traders with high deposits and high trading volume, some brokers offer different account types. As a trader, you can get great advantages. They offer you higher yields, better support, bonus or a cashback program. This is a way to get more profit in trading. For example, the broker offers you a higher asset profit of 5%. That can be very helpful.

The companies in this review offer you:

  • Chat support
  • Telephone support
  • Email support
  • Education centers
  • Webinars, videos, strategies
  • Account types
  • Account managers

Diversity of assets and test of the Binary Options trading platform

I tested the trading platforms of the Binary Options Broker Review. In conclusion, they are very good and innovative. They give you a very good reaction rate which is important for short-term trading. You can use them for your computer or as an app for your mobile phone. In addition to that, they are very flexible and customizable. Use different indicators for the best strategies. As you see in the picture below I am using Bollinger Bands and the RSI. They are very popular.

First of all the trading dashboard is the most important point of the trading platform. You should be able to switch very fast between different expiry times and create new trades. Some strategies are designed to have multiple trades open at the same time. The brokers in my review provide you the fastest execution time. Secondly social trading very popular. In some trading platforms, you can copy the best traders of the broker and make an automatic profit. They show you transparently what they are trading and you can start copying them.

Another important point is the flexibility of the platform. An app should be available for mobile trading. On most platforms, you can customize the chart very easy. Thanks to the digitization, platforms are getting better and the brokers always try to improve them. Use free indicators and technical tools for your analysis. Moreover, you can use the newsfeed to trade exactly high volatility. Market news occurs every day – Why not use them to make money?

Facts of the Broker Review:

  • Fast execution for your trades
  • Customizable
  • Use indicators and more
  • Apps for mobile phone
  • More than 50 different assets

On the most trading platforms, you can trade Binary Options with forex, stocks, cryptos, and commodities. There is a big diversity of assets for you. The yields depend on the category of the asset. More often than not the most traded asset gives you the highest yield. You can easily see that on the platform.

Weekend Trading (OTC) and Cryptocurrencies (Bitcoin and more)

Each broker in this list provides the service to trade on the weekend. The platforms are open 24/7. Weekend trading is allowed and advocated. On the weekend you can trade Cryptocurrencies like Bitcoin, Ethereum, Ripple and Forex OTC charts. Cryptocurrencies are traded decentralized and the stock market is open 24/7 for them.

Especially attention should be paid to the OTC Forex charts. Normally the stock exchanges are closed on the weekend but the international internal bank market is working. The volatility is much less than in the normal working days Monday – Friday.

The first steps for your Binary Options success:

  1. Learn the Binary Options basics. Information for trading Binary is available at the broker platform or the internet. For questions, there are certain forums available.
  2. Develop a successful strategy. Most brokers will help you to find a way to trade successfully.
  3. Use the Demo account. It is an account with virtual money. So you trade without risk the markets.

You should ask yourself these questions:

  • What do I want to achieve with the trading of Binary Options?
  • How much I want to invest?
  • Where, on which market I want to trade?
  • How do I react to losses?
  • What are the chances of winning?

Deposit and withdrawal by a Binary Options Broker

Nowadays the deposit is easy like the withdrawal. Most brokers only need a small amount of money to open your real account and give you access to the market. Capitalize your account in few seconds with a credit card, bank wire, cryptocurrencies or other e-wallets. Today it is very simple. The withdrawal systems are working very good too. Sometimes it is fully automatic. Most companies payout in less than 24 hours. In addition in a lot of cases, there are not any fees for you. Another important fact is brokers only withdrawal verified accounts. So get your account full verified with the right documents as mentioned before.

Bonus Programs and conditions for traders

Bonuses are very popular in the section of Binary Options Brokers. Most companies offer a deposit or a no-deposit bonus. There are a huge diversity of promotions for traders. Mostly the bonus depends on the deposit amount or you can choose it manually. For example, some brokers offer a bonus of more than 200%.

It is a good way to top up your trading account balance and earn more money. You can trade with more risk and grow faster your account, but you should not forget the bonus conditions. Every time there are requirements for the bonus. For example, you do a deposit of 5000$ to your broker and trade with sensible money management of 1% of the account balance per trade. That means you invest 50$. Now you activate a bonus of 100% and additionally you get extra 5000$ and your account balance is 10.000$ now. At the moment you can trade with sensible money management with an amount of 100$ per trade. That sounds good and you grow your account faster as without bonus.

The deposit bonus is a good way to increase your account balance and to trader with more risk.

As mentioned before there are conditions of the bonus. Simply there is the requirement of turnover of the bonus amount. Sometimes you have to do a turnover of x20 and sometimes you have to do a turnover x50. It is important to read the bonus requirements. If you got any questions, you can ask the support. In most cases, you will see the requirements transparent on the platform.

  • Deposit bonus: Get additional money to your account balance.
  • No deposit bonus: You will get a small amount of money for free, but you have to do a huge turnover before you can payout the profit.

Welcome Bonus for beginners

The no deposit bonus is named welcome bonus. There are different ways to get a welcome bonus. One way is to win a free demo contest (read more below) without any risk. You compete to other traders on the platform. The rules are easy to understand: Just try to get the highest account balance versus your competitors. If you win, the broker pays a high prize. It is like a welcome bonus because you do not invest real money.

On the other hand, as mentioned before the no deposit bonus is like a welcome bonus. There are a few brokers who offer this bonus. Just create your real account and activate the welcome bonus. The company gifts you any amount of money to your account balance but you can not withdraw the money. You have to do a high turnover of the welcome bonus like 30x or 40x. Recommend broker for a welcome bonus is Pocket Option.

Binary Options Tournaments

In addition, most brokers offer tournaments or demo contests for beginners and advanced traders. You must pay a fee to participate in a contest with a huge prize fund. The rules are very simple: You get a separated demo account where you have to get the biggest balance as possible. You will compete against other traders of the broker. Sometimes there is a prize fund of 100.000$ or more. Furthermore, it is not easy to win the contest because there are a lot of competitors.

The demo contest is a tournament without participation fee. That meant that the prize fund is much smaller than the paid tournaments. But it is a good way to earn money with a small amount of money (participation fee). If you are a successful trader, you can easily win these contests.

Countries for traders

Binary Options are not allowed in every country of the world. In addition, some countries forbid trades to use foreign brokers. Most brokers accept international traders, but there are restrictions for forbidden countries. You can not generalize it because the broker decides which customer he accepts.

Nowadays Binary Options become more and more popular for traders. It is a simple and efficient financial product. It is possible to generate a high payout in a short time horizon. Asian and Africa are growing very fast and people like the function of trading. The brokers in this review try to improve their service in this region of the world because the demand is very high. They improve their customer support with different languages and other services.

The fastest growing countries:

Are Binary Options legal?

Sometimes there are some restrictions to this financial product that depends on a particular country. Personally, I only know one area where Binary Options are forbidden. It is the European Union but some offshore and international brokers accept EU traders. It is like gambling on rising or falling markets and easy to understand. The EU tries to protect its citizens because there are a lot of scam brokers. To prevent a scam, use the best brokers of this review.

Find the best Binary Options Broker 2020 – Conclusion of my review

On this site, I showed you the idea of finding a reliable Binary Options Broker. In the list, you see the best companies in 2020. For successful trading a good broker is necessary. The company should allow you your own strategy of trading and give you good support and service. On most platforms, you can learn via education videos how Binary Options are working.

Also important is the execution of your trades. It should be very fast and with no delay. Usually, every broker does that. Nowadays as a trader, you can start with a small amount of money to trade Binary Options (10$ or less). It is possible to turn it in a high amount with the right strategy. In conclusion on this site, you can find the best and proofed Binay Options Brokers 2020.

Read more about them in my reviews:

I recommend this article if you can not choose between the most known brokers: “IQ Option vs. Olymp Trade vs. Binomo”

Demo accounts of Binary options brokers

We can’t say it enough on this site. Binary options are super risky and you shouldn’t trade with funds you can’t afford to lose. Starting with a demo account will help you determine if you should be trading. Even with the features brokers offer, binary options are risky. There are steps that you can take to educate yourself about this risk.

One of the best ways to learn more about the risk involved in this type of trading is to practice in a risk free setting. If you’ve ever traded in the financial markets before, you know that there is often a steep learning curve for beginners, and binary options are no different. If you just jump into trading them, odds are you will end up losing money. Through a demo trading account, you can gain a better knowledge of the risk of binary trading and get a better idea of how to handle it.

What are Demo Accounts

Binary options trading is risky; this is why a binary options demo trading is so important. In short, a demo account is a free practice account. You can get one through many binary options brokers. Basically, you are given a certain sum of fake money and you can use it however you want to practice trading. You will have access to all of the same trades that you will have in a real life setting. The only difference is that there is zero percent risk in a demo account and 100 percent risk in a real money account. When you start your binary options trading, you want to make sure that you have as much experience as possible. Demo accounts let you do this.

If you are thinking about setting up an automatic trading account, such as you would find through Binary Options Robot, demo trading is a must as this gives you an understanding of the mechanics that occur behind the scenes when trading.

How do Demo Accounts Work?

The best part of demo trading is that it is exactly like trading with real money. The platform is the same in the demo account as it is in a real money account, so you will be learning how to use the software that you need to master. The trades happen in real time, so you will be learning how to effectively place your money on certain sides of a trade—just like in real life trading.
The only thing that you cannot duplicate with a demo account is the emotional side of things. When risking real money, we can have feelings of guilt, sadness, or even regret, when we trade and lose our money. There’s no way to fully get over these things—we’re not robots. But by trading in a practice setting, you can get a better feel of whether these things are right for you.

If you are an experienced Forex trader, a Forex binary options demo account will give you a new outlook on trading. Even though you are using similar assets, the style of trading is completely different. This goes for all types of trading; even if you are a pro day stock trader, you will still want to practice before you jump in headfirst with binary options trading.

How to Get a Binary Options Demo Account

Binary options brokers now make obtaining a practice account a lot easier.

Getting your very own demo account is not hard, although most of the reputable brokers out there require you to have a real life account too. Some brokers require that you make a real money deposit before you can start using their demo account. You don’t need to trade with this money, but the brokers know that you’re far more likely to. If you’re not comfortable with this, you don’t need to do so. Other services, such as Binary Options Robot, are not actually brokers, although they provide similar services. The Robot actually acts as a go between, allowing you to deposit with them, but trade through other brokers through their platform. Demo trading can help you learn how to navigate this process more easily.

Demo trading should be taken as seriously as possible in order for you to get the most out of it. Having a goal to work with will make you that much more serious and help you to learn the trading skills you need in a more timely and effective manner.

A free binary options demo account can be just the thing you need to learn whether trading is right for you. Opening and using a binary options demo account is going to be in your best interest since you will be more educated if you do trade with real money.

Where Can I Get a Demo Account?

When the industry first started picking up steam, demo accounts were hard to find. Now, they are much more popular as both brokers and their clients have learned how useful they are for learning the basics. If the binary options demo account link is not clearly posted on your broker of choices homepage, get in touch with their customer service department—they will guide you forward.

Practice is always important before you trade with real money, even if you are going to use a trading service like Binary Options Robot. It gives you a more educated view of what you are doing, and this can only help you.

Once you have your binary options practice account, you might want to consider expanding. Perhaps you have several different assets in mind that you want to trade. You might want to open up an account with more than one broker in this case. If one broker is offering 80 percent returns on an asset you want to trade, while another is only offering 75 percent, obviously you want to trade with the broker that offers you the best return, granted that the broker is regulated and reputable. Being familiar with more than one broker’s trading platforms is mandatory if you’re going to use more than one broker. You will want to demo trade with any new broker before you start using real money just so you can learn the different nuances of trading on each site.

If you want to take binary options trading seriously, you need to demo trade until you are more than proficient with your specific assets. Demo trading will not make you rich, but it will give you practice trading in a risk free environment.

Demo accounts of Binary options brokers

First off, what is demo trading? Demo trading is the process of trading live without real money on the line to ensure that your trading strategies are profitable in the live market. In other markets, it is generally recognized as an essential step to profitability, but in binary options trading, there is almost no talk of it.

Play Binary Options Trader With A Demo Account Before Trading Real Money

This leads new traders to ask whether demo testing is really important, or whether it is just a waste of time. After all, how can you make money when you’re testing “on paper?” Some new traders look at demo trading this way and think, “Well, if I were profitable on paper, wouldn’t I just be upset that I hadn’t invested real money and won real money?” Of course, this is an attitude founded in impatience and overconfidence. What these traders should ask themselves is, “If I lost money on paper, wouldn’t I be relieved I didn’t lose money in real life by investing before I was ready?” Starting out with a binary trading demo account is a wise decision regardless of your level of comfort with options.

For some reason (probably because binary trading is the hot new thing), binary options traders look at demo trading as optional. Brokers often look at it that way as well, and fail to even provide demo testing platforms to new customers. If they do offer demo platforms, they are often severely restricted. There are a few brokers that do offer unlimited demo testing, though, and a number of others that only require an email address, which means you could start a new trial with a new address if you had to.

Binary options trading tends to appeal to gamblers. If you are in this for fun and you are not treating investing as a business, then you do not really need to demo test. If however you are treating your trading as a business, you need to have a business plan and take every aspect of your binary options trading seriously. You wouldn’t sell a new product to the public without testing it first, would you? Likewise, if you expect to profit from trading, you should not use your trading strategy live without testing it first to ensure that it works in real life.

Benefits of demo testing before trading live:

Trade The Bull Market With A Demo Trading Account – Learn Before You Earn.

  • Learn to use your trading platform properly without losing money because of simple navigational errors and other avoidable mistakes.
  • Test your new broker to make sure this is the broker you really want to invest your money with. Does the platform work well? Do orders get executed as you would expect? Does the customer service team respond quickly to your inquiries? Do you have all the features you need? Get answers to these questions before real money is on the line.
  • Test your trading strategy live. This is not the same as testing it on historical data. Make sure it is still performing well in current market conditions, and that you are able to make the same decisions in real time you would have made while backtesting. This adjustment can be more difficult than you might think.
  • Get a chance to learn how to schedule your trading into your real life before you lose money. It is not uncommon to have a great system which backtests well, but which poses difficulties when you try to use it live. Maybe a lot of your trades fall during your workday, or take place overnight. Demo testing gives you a chance to learn how to deal with the scheduling problems and get them sorted out before you start investing with real money.

Where to Demo Test Binary Options

Practice Trading Binary Options With A Legit Demo Account

What brokers offer you the chance to demo test binary options? Here are some of our favorite picks:

  • TradeRush. Enjoy trading risk free with a fully functional demo account. You must deposit $200 to use the demo feature.
  • 24option. Demo test with $2,500 in virtual funds after you deposit $200 or more to open an account.
  • BossCapital. Once you make the minimum $200 deposit you can get a $10,000 demo account set up for you.
  • Banc De Binary. Demo trade with $50,000 in virtual funds when you deposit $500 and contact customer service.
  • Marketsworld. Demo test indefinitely with $5,000 in virtual funds. No limitations and no deposit required.

How to Demo Trade Risk Free? – You can minimize your risk by only depositing the minimum and refusing any bonuses. That way you can withdraw without having to first trade a certain volume. Our advice is to touch base with customer support prior to making your first deposit and let them know you are considering depositing but you want to refuse any bonuses and have full access to your own demo trading account. If you are willing to make the initial deposit that shows the broker good faith that you are serious about possibly trading with them and not just wasting their time and resources playing around and never deciding to become a real client.

Demo Testing is Essential to Success

Don’t End Up Losing Your Ass! Demo Trade First At A Legit Broker.

If you are a binary options trader, your business is investing. You should be able to understand the concept of investing time and effort into success, which is exactly what demo trading is. Not losing money is often the first step to making money. When you demo test, you save money by avoiding losses you can easily avoid and by honing your strategies so that they are even more powerful. How can you make money demo testing? By looking at the long term.

If you do not demo test, it is basically a guarantee that you are going to fail sooner or later as a trader. The same goes for skipping the step which proceeds demo testing—backtesting. Trading without a well-developed and tested strategy leaves your fate entirely up to chance, and Lady Luck is not a forgiving mistress. In binary options, the house already has an edge on you. There is a gap between the average payout percentages you receive and the out of money rewards that favors your broker. You have to be profitable more than 50% of the time to break even, and even more than that to be profitable over time. That means that to succeed at binary options, you have to find an edge. The path of research and testing is the only route to finding and developing that edge. So demo test first, and then go live when you are ready to beat the house!

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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How To Choose Binary Options Broker 2020
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