IOption is one of the leading binary options brokers in the market. trading binary option is actually extremely easy and simple. It also does not require huge capital to start with. That is the reason why this practice has become so popular with the new traders who are eager to take advantage of the global economy. However, even though the process is uncomplicated and easy, it is always reassuring if you get to practice a little before you actually invest your hard earned cash. iOption Demo Account offers you just that opportunity.
How do iOption Demo Account work?
In order to understand how you can use the iOption Demo Account, follow these given steps:
- Visit the official website of iOption. The first step is to register with them and open your own account. For this, you will need to choose the option of open account. You will be assisted every step of the way. you are required to provide some personal information when you open an account. iOption Trading takes stringent steps to ensure that all your data are secure and protected. A verification email will be send to you with a link. When you open this link, your registration is confirmed.
- Then, you need to fund your account. The minimum deposit is $100. You can use credit or debit cards, Moneybookers or wire transfer to deposit the funds. At this time, you will be required to submit a few documents to maintain the transparency of the transactions.
- Once the funds are credited, you can use the iOption Demo Account. This is just like the real trading account that you just opened; only iOption will provide you with virtual money to trade in this account.
- All the educational and analytical tools will be supplied to you. You will need to choose your asset and invest virtual money in it. Predict the direction in which its price will move at the time of expiry. With a correct prediction your virtual profits may be higher than 75%.
The advantages of iOption Demo Account
The iOption Demo Account is one of the most attractive features of this broker. The advantages are:
- If you are new to the concept of binary options trading, you are bound to love the practice runs that you can have with the iOption Demo Account. This will immensely help to improve your chances of making high profits when you begin to trade using real money.
- Even veteran traders appreciate an opportunity to experience firsthand how the website works and how best to utilize the analytical tools provided to them by the broker.
- Practicing with the iOption Demo Account will help you to identify your areas of strength and will also help you to devise your own personal strategy which you will follow when you start binary options trading.