Most of the time, brokers offer a wide variety of tools to help traders get started trading digital options. They can also be useful for traders who have a little more experience but are unfamiliar with how the broker’s platform works. The IQ Option demo is set up to help both the experienced trader become accustomed to the platform as well as the novice trader who needs to learn how transactions occur. There are two locations on the broker’s site that have an IQ Options demo available to use. The first page has a simple example and on the trader’s page there is another one which can be accessed as well.
The broker has several other tools that traders may find beneficial but it is easy to tell that they are intentional about providing assistance to their clients. The IQ Options demo is just one example of the ways they attempt to assist traders in having a successful and profitable experience on their platform. Along with the IQ Options demo they have a page dedicated to explaining how to execute a trade on their platform. The site designers were careful to include very detailed instructions as well as thorough definitions of all the terms that need to be understood.
IQ Option Trading Simulator
On the platform where the trader will perform their transactions there is a trading simulator which is actually an IQ Option demo of how different trades are made. This is a great tool for traders to be able to perform mock trades that are similar to what occurs on the actual market. The IQ Option demo is actually one of the better setups we have seen of all that are available. Most of the time, the demonstration mode is simply a random asset chart that plays the same thing over and over. But the IQ Option demo actually on the trader’s page has different strategies to choose from. Usually it’s only a high/low option but the trading simulator has three different options to choose from. It has the standard high/low option and then it also includes a One Touch option and a Boundary option for traders to try. This can be a great tool for novice traders who have not seen or experienced these types of strategies before. This feature makes the IQ Options demo a great feature on their site. The only negative if you want to call it one, is that you must first open an account before you can try out the trading simulator.
If you do not yet have an account with this broker, you may choose to view the IQ Option trading demo that is located on the broker’s landing page. This allows a trader to choose either high or low, depending on which way the trader thinks the asset’s price will go. Then they enter an amount or use the $1 that is already entered; and press the “buy” button. The chart will then begin to display the possible movement of the asset’s price and at expiry it will tell the trader if they were in or out of the money. This IQ Option demo is a very simple version of what a transaction is like. It is in fact very similar to making an actual trade except the trader does not have the option of choosing any particular asset to trade. In the trading simulator which is another IQ Option demo, the trader can also select the asset, and then perform the trade and watch it through to expiry. In this full feature IQ Options trading demo, the trader gets to perform an entire transaction much like what will occur in real time.
With the full feature IQ Option trading demo that the broker refers to as their “Trading Simulator,” the trader has the choice of performing the One Touch option. The trader will select the asset they wish to trade, and then choose either touch or no touch depending on their preference. The IQ Trading demo operates just like the true platform so the trader can choose One Touch if they think the price will reach the target price; or they can select No Touch if they do not think the asset’s price will touch the target. Then just like the real platform the trader will select the amount they wish to invest and wait until expiry to see if they are in the money or if they lose their initial investment.
Traders who use the Trading Simulator or the IQ Option trading demo can also use the Boundary option to simulate. Again, they will choose the asset they wish to trade on the simulator. Then since they are mock trading Boundary options, they will choose whether the asset’s price will remain inside (In) the two preset boundaries, or if they think it will remain outside (Out) those boundaries. Then they will enter the amount for the IQ Options trading demo to trade and wait until expiry.
IQ Options Asset Trading
One of the most distinct features about the IQ Option demo is that the trader has the option of choosing an asset. In most other broker’s trading demonstrations, the asset is already chosen for them. Allowing the trader the option of practicing with any asset class is a definite advantage to the IQ Options demo that most other brokers do not provide. This helps the trader have more of a real feel when they are practicing so that there are not so many surprises when they enter trading on the actual market.
Traders can also benefit from the way the IQ Options demo is set up on the broker’s site. It is on the same page as the trader will use for actual trading when they feel they are ready to begin. The trader who wants to use the IQ Broker demo will actually select an asset from the list on the page in order to start the mock trade. They can also benefit from watching the actual market activity on the page while they are using the Trading Simulator.
This also allows them to see the different assets that are available through the broker. It is a very beneficial design since the trader who is using the IQ Broker demo has access to viewing the assets and their current status on the market. The observant trader may notice that the asset is listed with all the trading information such as the status of the asset. They can observe the expiry in real time, the type of binary trade and the current status. This can be beneficial for the novice trader who is just trying out the IQ Option demo and has never seen an actual trade before. The broker really took the time to have the site professionally designed for the trader’s benefit.
The IQ Option demo is a beneficial tool for the trader who desires to find the right broker for them. This can seriously be a difficult decision for most traders, especially for those just getting started. One criterion that they may choose is how easy the site is to navigate and how many tools are available for traders to use. The IQ Option demo is only one of the many tools and resources that the broker makes available to traders. They have many different tools that are designed to help the trader end up in the money more times than not.
Of course the broker has a lot more to offer the serious digital options trader. They do have the trading simulator and the IQ Option demo, but the site is full of useful features that are geared to make sure that the trader has a pleasant experience trading on their site. This broker offers all real time market data which is more beneficial than some of the spread sheets created by other brokers. Traders who try out the IQ Options demo will also see that the broker seems to be transparent and open about all their transactions.
Of course the IQ Options demo is one of the broker’s high quality features. But the whole site is full of features that are very beneficial to the trader. For instance they have three different account types from which traders can choose. And the broker has just gone mobile in an attempt to keep up with the latest technological advancements that help make trading more accessible to traders. As is seen on their IQ Options demo, they also have a wide variety of trading options. Traders may choose from a large number of international financial assets to make their trades. This shows that they are a versatile broker who is able to keep up with the constant changing world of trading digital options.
IQ Option Demo Account Conclusion
The IQ Options demo is just the beginning of the useful tools and features available to traders. The broker takes trading seriously and wants to make sure that the trader has a profitable and pleasant experience while on their site. They do this very well by starting with the IQ Options demo; but they do not end it there. The site is full of useful features for traders and the broker attempts to make trading as simple and easy as possible.