The IG Binary Options Demo Account offers risk-free trading completely free of charge. We took a close look at the IG Binary Options Demo Account in our guide and show, among other things, how to open it. We have determined that the broker IG is active worldwide and so far has around 130,000 customers. IG is also part of IG Group Holdings Plc, which was founded in 1974 and has since become the market leader. With more than 1,000 employees in 17 countries, customers trade daily and initiate around four million transactions per month worldwide.
5 reasons for the IG binary options demo account:
- free and unlimited available
- with 10,000 euros virtual starting credit
- without deposit demo account opening possible
- risk-free test the binary options offer
- extensive trading offer available
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What types of trading does IG Binary Options offer?
Before we dealt with the IG Binary Options demo account we first looked at the types of trade. The broker offers five different options here:
- On the one hand, you can trade with the classic high / low method. This is one of the classics among the various binary options trading types and is also the simplest. For this reason, it is often used by beginners.
- On the other hand, the two trading types One Touch Option and Head Method are also available.
- You can also select the target or tunnel option.
Accordingly, IG offers five types of trading, including the popular high / low method. However, the One Touch, Ladder, Target or Tunnel options can also be selected.
Free IG binary options demo account available?
A demo account can used for risk-free trading and is therefore recommended for both beginners and experienced traders. The broker offers a free IG binary options demo account with a virtual starting credit of 10,000 euros. You can also use charts, live prices, and much more.
You can also use it through the web-based trading platform on your PC or laptop and on the IG Binary Options app, which is also available free of charge for Android, iOS, BlackBerry and Windows devices. We also found that the IG Binary Options demo account offers unlimited availability. That means you can always use it and test new strategies, for example.
Although you can test binary options trading pretty well through the demo account, there are some differences to real money trading accounts. This means that trades in the demo account cannot be rejected. However, this may be possible for the trading account. In addition, all chart packages in the test account are free. Extended chart packages, on the other hand, usually cost a little money.
As you can see, IG offers a free, unlimited demo account with a starting credit of 10,000 euros. So you can test and try out risk-free here. However, there are small differences in the trading account.
IG Trading Platform - H0w to use it
IG Binary Options Demo Account: This is how it works in three steps
Who the Binary Options Demo Account wants to open, does not have to open a trading account in advance or make a deposit. Therefore, the opening is completely free and succeeds within a few minutes:
- First you have to fill out an online form and confirm the terms and conditions.
- Then it is necessary to have the account and the platform individually.
- In the end you can already trade or practice trading.
From this we conclude that the demo account opening is very easy. It is also positive that you do not have to open a trading account in advance.
FAQ on IG Binary Options
How can you do that Reach support?
Broker support can be reached either by email, live chat or by phone. The customer service is available to existing customers from Monday to Friday from 8:15 a.m. to 10:15 p.m. For new customers, on the other hand, customer service is available on weekdays from 9:00 a.m. to 7:00 p.m.
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What is the minimum deposit for a trading account?
The trading account has a minimum deposit of € 300. This is very beneficial because almost everyone gets the chance to open an IG account. However, if you want to become a premium customer, you have to deposit at least 50,000 euros.
Does the broker offer a bonus?
No, since bonus payments have been prohibited by CySEC since December 2016. Before this ban, the broker offered an IG binary options bonus code, the Active Trader Bonus, for every active trader. This included the reimbursement of fees and was available for certain underlyings.
What is the maximum return on IG binary options?
The maximum return on IG binary options is 90 percent.
Which assets can you trade with IG?
With IG you can use five commodities, more than 80 currency pairs, over 30 indices as well as Trade thousands of shares.
Since December 2016, bonuses have been officially prohibited by the CySEC! Binary.com is not regulated by CySEC, however, and can therefore continue to offer bonus payments.
Other offers from IG Binary Options
In our IG Binary Options We were also able to determine from experience that the broker not only offers binary options, but also Forex and CFD. This is how you can trade these assets. IG offers an app for all trading options. However, you can also trade with the trading platform on the computer. This runs web-based and offers some additional functions.
In addition, the broker offers training courses by making videos, articles, guides and web seminars available. A trading strategy column is also offered. This comes out about every two weeks and represents the different trading strategies and techniques.
There is also a premium service that can be used by active traders with a minimum deposit of € 50,000. Here you get weekly market updates, invitations to events and the latest news via SMS. In addition there is the VIP status, through which the customer support responds faster.
The IQ Option demo account as an alternative
Although the demo account from IG can convince in all points, traders should take a closer look at the different test accounts as part of a broker comparison, after all it may be that a broker may one day no longer offer this service and an alternative is needed. Therefore, the IQ Option demo account should be mentioned here, which is also not only for a few days or weeks, but can be used indefinitely and is also available completely free of charge. In addition, the Binary Options demo account from IQ Option does not require registration, so that really everyone has the opportunity to get to know the trading platform and the broker.
IQ Option provides € 1,000 virtual credit for the demo account. This means that both beginners and advanced traders have the opportunity to use this service and test strategies before making trades via the real money account and taking high risks at times. The IQ Option demo account is a very good alternative to the IG binary options demo account and not only makes it easier for newcomers to get started, but is also interesting for traders who want to switch from another product to binary options.
Our conclusion: A good opportunity for risk-free trading
Since the broker offers an IG binary options demo account that is not only free but also unlimited available, we can speak of a good option for risk-free trading, After all, not every broker offers an unlimited demo account. At the same time, IG offers a starting credit of 10,000 euros, which should be enough for practicing. So we can finally say that the IG Binary Options Demo Account convinced us. So take advantage of the binary options test account and open the test account!
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