IQ Option is one of the leading online brokers available. One of the main reasons they’re such a popular broker is that they offer a great demo – for free!
The unlimited demo account is available to all users, whether you’re an existing member or not. It’s also very quick and easy to set up a demo with IQ Option.
In this post we’ll look at the key features of the demo account, as well as how you can sign up for it.
Opening a Free IQ Option Demo Account
You need to follow these steps in order to open a practice account:
Step 1: Open an IQ Option account by clicking on the green button below or by visiting the broker’s home page directly.
Step 2: The sign up page will appear. You need to fill in the boxes with the needed info, such as your name and email. You will also have to set up a password to secure it.
Step 3: Click on the button that says ‘Open An Account For Free’ to confirm the process
Step 4: Next a window will pop-up asking to choose where you want to trade. Make sure you click on the option of ‘Start trading on a practice account‘ to use the demo.
You will then be redirected to the IQ Option demo account window so you can start to practice trading. It will be set up already with $10,000 of ‘virtual funds’ for you to spend.
Real vs Demo Account
If you want to try out your IQ Option real trading account and start trading for real with actual money, you can easily switch between the two. You can continue to use the practice one alongside the real one.
However, you’ll need to deposit actual money to use the real trading account.
Switch to the live account by clicking on the account balance in your trading screen.
Are there fees for using the IQ Option Demo Account?
The answer to this is no! The demo account at IQ Option is completely free and without extra fees.
So you can be reassured that there won’t be any hidden charges.
You can also use the practice account for as long as you like. There is no time limit or expiry date.
The account comes with $10,000 of virtual funds for you to spend, so you are not at risk of losing real money.
When you’ve spent all the virtual money there, you can ask for a ‘refill’ of funds. The customer support team will help you with this.
How can you use your IQ Option Demo Account
You’ll be able to use all the same features as if you were really trading. So although you are using virtual money, you can still trade in every asset and use the same tools as the ‘real account’.
IQ Option has some great tools available such as technical indicators, market updates, economic calendars and video tutorials for you to use.
In fact, educational tools are one of IQ Option’s strengths. They have a great range of free video tutorials on their platform that cover a wide range of subjects.
When we checked their offer they had 10 categories of tutorials covering everything from market news to trading CFDs.
This can all be accessed via the IQ Option demo account.
If you need any help at all the customer support team can be contacted.
Can IQ Option be Trusted?
Yes! The broker is fully regulated and attracts traders from all across the world. They are also fully regulated by CySEC Licence 247/14 which is a very respected European financial authority.
Besides CySEC, they are also regulated by the FSA (Seychelles Financial Services Authority) which is another regulatory body.
By being regulated the broker must follow rules that have been put in place by the authorities. These are financial rules that are designed to protect you and other traders against fraud.
For example, one rule is that broker’s must always allow clients to withdraw their money whenever they want.
Unfortunately there a many unregulated and illegal brokers online who are looking to scam people, that’s why choosing a regulated broker is the key to staying secure.
IQ Option is a legit platform that has active members trading on it’s platform every day. They also won the 2017 Award of Excellence during the Financial Communicator Awards for their trading App.
They can be fully trusted and are not a scam.