Saturday, May 25th, 2013 by Michael Freeman
Binary Options Free Demo Account – How to sign up with one?
After comparing and reviewing many brokers I found that most brokers do not offer a binary options demo account for traders. Markets World, Meta Trader 4 and GOptions are examples of interfaces with a practice account for traders who are looking to experiment before’ jumping in the water’. In this YouTube Video I made a clear comparison between the different free binary options demo accounts. Check it out!
Why do most brokers prevent users from access to a free demo account?
The more traders using the platform at the same time, the slower the server gets. Markets World is an example for a company who let’s users sign up with a free demo account and the end result hurts the traders who are using the platform with real money. The ‘bottom line’ is that the more people trading on the platform the more servers are needed to maintain the speed of their website, and keep in mind that using a platform with a free demo account, means that a lot of traders will default to the free demo account, and reduce the speed of the site for everyone one it.