When you first discover Binary Options then you can often become slightly overwhelmed by all of the different types and kinds of Binary Options that you are going to be able to trade online, and as such many trading sites will allow new customers to sign up for a demo trading account.

There are many benefits to be had by you setting up and starting to trade via a demo account, for trading Binary Options online can be a little confusing at first, but once you master the different types of Binary Options available, the way to trade them all as well as getting to grips fully with the many different types of Binary Options trading platforms there is some serious money to be made on a day to day basis!

Please do keep on reading if you are new to the world of online Binary Options trading for we will enlighten you on everything there is to know about trading Binary Options via a demo account and you really should opt to set up a demo account if your are new to this potentially very profitable way of trading.

How Do Demo Binary Options Account Work?

When you set up and open a demo trading account at any online Binary Options trading set that offers them, you are going to be able to place just as many types and kinds of trades as you can when trading for real money, however being a demo account you will never be forced to make a deposit and all wins and losses will not be for real.

You will have no restrictions what so ever on the different kinds of assets, indices or currency pairings you can trade against when using a demo account, and once you sign up and register for one you will be given a set of demo credits which is what you will be using to trade with.
The demo credits can be restocked should you use them all up, and anyone who is seriously considering placing any type of Binary Options in the online environment really should set up a demo account for once you do you can always use that demo account, even if you are already trading for real money.

How do I set up a Demo Account?

Setting up a demo trading account is one of the easiest things you can do, for all you need to do is to visit any of our listed Binary Option trading sites and click on the demo account button, you will then simply need to fill in your details and an account will be instantly opened up for you.

Once you have filled in the registration form which takes a minute or so you will then be given your own unique username and password, and then all that is required for you to do is to log into the demo account.

When you first log into your newly created demo account you will find it comes pre-stocked with demo credits and then you are free to start trading on any of the available Binary Options, use the main menu as the way of accessing each trading market for that is the easiest way to navigate around the trading platforms!

Once you have found a Binary Option that interests you then simply click on the Put or Call button depending on whether you think the value of that asset or commodity is going to rise in value or decrease in value, choose the number of demo credits you wish to wager on that option and then click on the OK or Confirm button and your trade will be placed!

You can always keep track of any live or previously placed Binary Option trades by clicking on the history button, which will bring up a complete overview of all of your trades placed using your demo account, and this will also show you all losses and profits made.

If at any time you wish to start trading for real money than all you need to do is to switch over to the real money version of the trading platform, make a deposit and then start to trade. Don’t forget that when you make your very first and initial deposit you may also qualify for an additional bonus so make sure you claim it to give your trading bankroll a boost in its value!

What are the Benefits of Using a Binary Options Demo Account?

There are lots of unique benefits of using a demo account as an introduction to Binary Options trading and the main one is that you are going to be able to use the demo accounts at different sites to allow you to find a trading platform that you find the easiest one to use.

There are many different trading platforms available at different sites and not all of them are as user friendly as they could be, so by setting up demo accounts at a few different Binary Options trading sites you are going to find a site you like the look and feel of!

Of course being new to the world of Binary Options trading, a demo account is going to allow you to place different types of trades including but certainly not limited to One Touch Trade, Full Time Period Binary Options trades as well as being able to trade currency pairings, and by placing demo trades should you make any error then it is not going to be an expensive error as you are not placing trades with real money!

Once you have fully got to grips with using a demo Binary Options trading account you can instantly switch over to trading for real money and that is where all losses and profits made will be for real! As mentioned above there are plenty of real money Binary Options bonuses available at various s different trading sites and you really should be utilizing as many of them as you can to increase your chances of making a profit!