The binary options broker iOption currently offers one type of demo account in which the trader must deposit a certain amount of money but at the same time can trade during five days without losing any money with losing trades (options that end “Out The Money”), ie this is a risk-free account. After that period of 5 days, the customers has the option to withdraw their funds, to continue with the same account and the same amount of money or upgrade the account and make it a regular trading account.
The conditions offered by this trial account are:
- To open an account of this type the client has to make a deposit of $150 which can be retired after the trial period of 5 days.
- Provides the possibility to trade without losses over a period of 5 days. This means that regardless of whether the options expire “Out The Money”, the trader will not suffer losses.
- However, this account allows to keep the profits from the options that expire “In The Money”.
- It offers a bonus of $35 for customers who open an account of this type.
As mentioned at the beginning it is a risk-free account. In fact this is not a pure demo account as the client does not trade with virtual money, but real money that can be retired when the trial period of 5 days ends. Nevertheless it allows the investor to trade without the risk of losing money while evaluating the services offered by the broker.
After this period, the trader has the option to upgrade the account and turn it into one of three regular accounts offered iOption:
- Starter
- Trader
- VIP
To open a Trial account, the trader must access iOption website and at the beginning of the account opening process he has to select the Trial Account option if he wants to evaluate the trading platform and the services of this broker or otherwise he should choose any of the regular trading accounts.
If you are interested in learning more about this iOption demo account please access the company’s website via the following link:
