24Option binary options broker is one of the better brokers around. It is a recognized and credited entity in the binary options marketplace. This is but one reason that many traders decide to join this broker.
However, each trading platform and account is quite different from the next. Being proficient with one does not guarantee success with another. Therefore, if you are switching to another broker, you need to be able to know just how a particular platform works.
If you are just starting out with trading, you are going to need some experience as well. This is why many brokers offer their traders the opportunity of using demo accounts. 24Option too lets you utilize a demo account before you have to start placing real trades. Here is what this broker offers to traders:
Signing up for the 24Option Demo Account
With 24Option, you are going to have to go through a few steps before you can get access to the demo account. Prior to being able to use the demo account, you must first set up a real account with the broker. This means registering with the website and then depositing a particular amount of money. This is what activates the account for future use and trading.
24Option offers traders five different account types. These range all the way from Basic to Diamond. Depending on the preeminence of the account you wish to activate, you will have to deposit different minimum sums. With the basic account, you will have to place at least $250 into the account.
When you have opened up an account, you will be able to choose whether or not you want to access the demo account. If you choose to access the demo account, you will be required to sign up. While you will have deposited a certain amount of money, you will not be required to use this with the demo account. These funds are strictly for when you want to engage in Live trading. In the meantime, you will be using virtual money.
The 24Option Demo Account
The 24Option demo account is identical to that of the real trading platform. You will be able to carry out the same trades and be able to see the same information as with the actual platform. The only difference, of course, is that you will not be using your own money and as such will not be incurring any losses.
Here, you can select from High/Low, Short Term, One Touch, and Boundary trades. Depending on the trade that you have opted for, you will be offered several other options in regards to the trade type. You can then enter the amount that you wish to invest in the deal. You can also select the expiry time of the trade.
In addition to being able to place trades, you are also given other benefits. For instance, as a trader you will have information about your trading history as well as trade alerts. You will have the exact same experience as if you were actually using the live trading platform.
The Advantages of the 24Option Demo Account
For this demo account, you are going to have to sign up. However, as you are being given admittance to one of the foremost trading platforms, this is not a disadvantage. Instead, you are given the opportunity to learn about navigating the platform with deftness and ease. Furthermore, you are also allowed to design and try out any trading techniques that you may have wanted to test. Whether you are a beginner or have been a trader for a while, this demo account will prove to be quite useful. You will be able to lower the risk that is typically associated with binary options trading.
Here is all of the information that you need to know about the 24Option binary options demo account. Now, you will be able to determine whether or not this demo account suits you as well as your trading needs.