If you are looking into the possibility of trading binary options, I’m sure you have one thing on your mind, obtaining a demo account! No one wants to have to deposit money before giving something a trial run if they are able, but occasionally for the bigger companies they require it. So today I would like to take a look at who is currently offering demo accounts, their current requirements to get one and why.

Free Binary Options Demo Account
Markets World – No Minimum Deposit Required. (FREE)

Paid Binary Options Demo Account
Banc De Binary – $500 Minimum Deposit Required.
24Option – $250 Minimum Deposit Required.
TradeRush – $200 Minimum Deposit Required.

As you can see, obtaining a free binary options demo account is becoming harder and harder to come by these days as many brokers are now requiring deposits before you are granted access. From what I have discovered there were several reasons behind this move towards paid binary options demo accounts.

The first reason is that some users were opening multiple demo accounts with false information which was causing problems. Also users who had no intent of ever depositing continued to request the demo account be refilled with money on a daily basis causing customer service to suffer for paying clients. Another reason is that after you have finished demo trading they of course want you to give it a try with your real money you have already deposited. I’m sure there are several other reasons, but from what I have seen, this is the main reason for this.

So your best bet right now for giving binary options a trial run without committing to a deposit with the bigger companies is Markets World.