To begin with, there are 2 types of accounts on the IqBroker trading platform: Demo and Real Account. The main difference between them is that on a Real account you trade with real funds, while on a Demo Account you trade with not real money. Demo account may be really helpful for novice traders as they can explore how every feature of the trading platform works without losing their money. Moreover, you need a Demo Account in order to practice your trading skills. You may also test various strategies before you start using them while trading on a Real account.
Open IqBroker Demo account on WEB
IqBroker trading platform is available on all devices, which means that you can trade and open a Demo account on WEB or on your mobile device. What I really like about IqBroker is that opening a Demo account is very easy! In order to open a Demo account on WEB follow these simple steps:
1. Once you are on a homepage, click “Free Practice Account” button.
2. A “Sign Up” window will appear, where you will need to enter your First Name.
3. Then enter your Last Name.
4. Select your country of permanent residence.
5. Enter your E-mail or Phone Number.
6. Create and write a password for your account.
8. Finally, click the “Open an Account for Free” button and your Demo account will be created.
You see, just a few easy steps and you can now trade on a Demo Account.
Open IqBroker Demo account on Android
As I mentioned above, you can use IqBroker on every device, so if you have an Android device, you can also open a Demo account on it. It is even easier to open a Demo account on Android than on WEB.
1. Firstly, enter your E-mail or Phone number.
2. Create a password for your account and write it down.
3. Select the country of your residence
5. Lastly, press the “Registration” button, your demo account will then be generated.
Open IqBroker Demo account on iOS
In case you have an iOS device, you are able to open a Demo account on it as well. To do so, you need to complete some easy steps:
1. First of all, enter your Phone number or E-mail.
2. Create a password and write it down.
3. Select the country of your permanent residence.
5. Finally, press the “Register” button and your Demo account will be created.
IqBroker Demo trading on WEB
Once you open a Demo account, you may start trading straight away. You can now explore every feature of IqBroker trading platform. You may choose any of the available assets and try to trade on each of them in order to find the most suitable for your trading style.
Demo trading on Android
Demo Trading on Android is the same as on WEB. To be more specific, the android version has the same functionality the WEB version has. Therefore, you can use every trading tool in the same way as you would do on WEB. You can apply different indicators, which may significantly help you while trading or you can change the graph type and find the most convenient for you.
Demo trading on iOS
Demo trading on iOS and Android is absolutely identical and convenient. Besides various useful trading tools and instruments, you may watch different tutorials, which may help understand how trading works. Other than that, you may read market analysis news which are constantly updated. This can help understand the market better. In addition, by reading news you may get signals, which you can use for your own benefit.
Is the Demo account free?
Yes, the Demo account is absolutely free. As it was mentioned before, Demo account is made for traders to practice their trading skills and test their strategies. Therefore, opening a Demo account is free and you do not need to pay anything in order to use a Demo account. I have also asked IqBroker support if the Demo account is free to use and they approved that it is free. Below you can read the chat.
IqBroker Demo account advantages
Actually, IqBroker demo account has a lot of benefits. Firstly, in case you want to test something or try trading on a new asset, you can immediately switch from your Real account to your Demo account and back. It is very convenient that a Demo account is always at your hand. Furthermore, you get $10.000 on your Demo account to practice, which is really cool. Moreover, if you run out of $10.000 on your Demo account, you can always refresh it and top up with $10.000 as many times as you want.
How to operate DEMO
Trading on a Demo account imitates real trading but not with real funds. So you would trade on a Demo account the same as you would do on a Real account. You have to choose the asset you like and then predict where the price graph will go: up or down. Then choose your expiration time and the amount you would like to invest in this particular deal. If you believe the price will increase, click the green (Buy) button, if you think the price will decrease, click the red (sell) button.
Log into IqBroker Demo account
Don’t worry, if you log out from your Demo account, because you can always log into it again. It is very easy to do, you just have to:
1. Click on the “Log In” button when you are on a homepage.
2. A “Log In” window will open, where you will need to enter your E-mail or phone number that you used to open your Demo account.
3. Then enter the password from your Demo account.
4. Lastly, click the “Log in” button.
Demo or Real account?
In case you are a novice trader it is always a good idea to start trading on a demo account. This way you can try every feature of the IqBroker trading platform without having the risk of losing your money. However, not only beginners use Demo account, professional traders also use Demo account to test their ideas or new strategies. But let’s be honest, if you want to start making money trading on IqBroker, you will need to open a Real account. So I suggest you firstly practice on a Demo account and then when you are ready, open a real account and start making profits.