Demo account from IQ Option broker as a risk-free trading practice
IQ Option users may purely begin with signing up and starting trading with the free IQ Option Demo account.
If this does not interest potential traders, we do not know what will!
Demo account - the best way to learn
IQ Option has a downloadable Windows desktop application as well as available for Android and IOS users. The Demo account is easy to use and just in a few steps you may start your daily practice and earn using your real account.
Demo account iQ Option is so easy to use.
On visiting iqoption.net.in, you are asked to register by filling basic information such as email name and password. You will receive a confirmation link to your email so you must fill up correct details. You can even login using Facebook or Gmail account. On login, the screen shows a license number of IQ Option broker.
How should I start?
The website prepares both a Demo and a real account for the user to use. It begins by giving a risk warning and asks the user to go through the terms and conditions. You can start with the Demo account which contains a balance of $10,000 by default. This balance is replenished absolutely free of any charge on exhaustion of the amount. This means the user may enjoy unlimited training period for trading before actually using actual money.
The trade room gives you an ultimate trading experience. Since it is downloadable on phone as well, all you need is an internet connection and you can practice from anywhere. The first step is to adjust the interface which is at the right-hand corner. There are many color themes to choose from.
Demo trading - types of assets
Then you can select an asset before you start trading on the software. Users are able to trade in various assets from the asset menu along with the percentage of profit available alongside each category - Crypto, Contract for difference, Options, Digital, and Forex.
Cryptocurrency is a virtual currency traded peer to peer on a blockchain independent of centralized authorities like banks and governments. Once the transfer request is entered into the network, it is validated by the network and added to the pool of other transactions to create a block of data of the ledger which is entered into the existing blockchain. Once it is added to the chain, the transaction is approved and completed.
Forex is the largest and most liquid financial instrument where global currencies are traded. Forex trader purchase currencies with the intent to make money off of the difference between buying and selling prices. Options allow you to speculate the extent of price change rather than just general price direction. If the price of the underlying asset is to reach the selected threshold selected by the trader and the payout is very high. An unsuccessful trade will result in the loss of the investment.
CFD is a type of financial instrument that allows you to trade on the price movement of stocks regardless of whether prices are rising or falling. It provides the opportunity to speculate the price movements of an asset without owning the asset.
The assets may be sorted by popularity, spread or percentage of change basis. Spread shows the movement between the highest and lowest price that you need to overcome at a specified point in time to come to a profitable position. The trader can assume buy or sell position after anticipating growth positions of the underlying asset.
Why do more and more people prefer IQ Option?
The user feels immense ease while trading as even complex technical indicators are available at a click of a button on the bottom left corner. A short description is attached with each indicator which makes a novice trader well versed with the functions that are available at their disposal.
Another noteworthy part of the experience is the informed and competent support which is available 24/7 and in 17 different languages. Don’t be hesitant to use the support even while using the IQ Option Demo account.
Just below technical indicators, users may find graphical tools which are simpler and can be used as required. The trade room for selected asset is depicted by a chart. There are various options of charts available to choose from which are area, candlestick, bar, and line. On selecting either candlestick or bar you will have to select a time interval for viewing price range.
How Demo works?
To start trading, you may begin by entering a sum of amount in the trade panel and a time period. The time period is depicted by the red line on the chart. The white line appearing on the chart tells about the time up to which you can rebuy the options and the direction is not limited. And then you may see the chart of your selected asset. Using a timeline below the chart you can change its scale. Try to determine the range at the end of the period. If it is higher, then select buy position and if it is lower then select sell position.
The trade may range from a period of 30 seconds to one month. It can be closed before the expiry of the selected period at current profit or loss. A strike price is added and the trader can assume buy or sell position after analyzing the market. The transaction is squared and the balance is added or deducted accordingly. On the right side of the trade room, towards the middle, user can see the auto-closing position which helps the user to lock the stop loss. Stop loss is the specified amount at which the asset is sold to limit the loss. This feature helps the trader to safeguard his interest.
The user may get a summarized view of the portfolio that he is trading in. It shows the amount invested and profit or loss made so far. User can experience a dashboard view of pending positions and active positions in trade and trade history all at one place. History can be sorted on the basis of a particular asset or period of time. Support can be used in case of any issue faced by the user.
The interface is easy and any frequently asked question may be checked here and you can even get in touch with a support officer in spite of using a Demo account. Another distinct feature available is market analysis. An important piece of news affecting a certain currency is flagged and is depicted by dots. For example, one dot means the news might have moderate importance and might generate a moderate reaction in the market. Two could mean that this information is materially important and three dots may depict that the news or event might create substantial volatility in the market.
Thus the user may read and trade by using the information. The information can be dated, present or forecasted. It won’t be wrong to say that it's a very lucrative platform to learn and practice training with an absolutely free account. The website has reliable, flexible and advanced features.
After practicing on the Demo account, the trader can add a sum of money and use the real account. To activate the real account a minimum deposit of $10 is required to start trading. User must bear in mind that bank must allow the transaction of adding money to IQ option account. Any amount may be added in the account using the master card, visa, e-wallets, etc.
A deposit in the account over and above a certain limit ($3000) is shown with a crown. Crown means additional benefits such as call back at any query and higher profit conditions and a lot of other advanced features. Real trading is synonymous to Demo trading and thus the user can grow their investment using their smartphones. Bitcoin trading and CFD Transactions have been very accessible. It is possible to take advantage of the leverage of Bitcoin trading and CFD transactions. User can get help with every aspect of Cryptocurrency trading. Selling a security giver the user an opportunity to make a profit from both an increase and decrease in market prices.