How to open a FREE demo account at 24Option
When I started investing, I didn’t use the trial version of aplicaciones in general. I always went straight to using the real accounts. I was skipping tutorials, consejos and guides to learn by myself.
Until I started operate with en línea trading brokers and I understood the importance of using a demo version, a simulator that would allow me to learn how to trade on the Internet.
And believe me I learned it the worst possible way.
Since, going back a few years, when I was going to invest in the first investment portal that I got, I did not listen to the comments that said that the best thing to do was use test account.
I made a deposit of $200 to test that platform, but having never used the demo account before, I didn’t know which strategies were the bestand I lost a large part of that money.
With all this, what I want to teach you is the importance of trying account simulators so that you perro learn how investment platforms are managed that may interest you and not receive unwanted surprises.
And to make your life a little easier, here I am going to espectáculo you how it works and how to create a demo account at 24Option, which is the broker that I am currently using.
Let’s go there!
Learn EVERYTHING about the 24Option demo account here
▶ What is a demo investment account?
▶ How do demo accounts work for investing?
▶ How to create a demo account at 24Option
▶ How to open a trade at 24Option with the demo account
▶ With which assets perro I invest in the demo account?
▶ Which 24Option platforms perro I use on the demo account?
▶ What types of trades perro I perform with the demo account?
▶ How to exchange the demo account for the real one at 24Option
▶ Perro I make a deposit or withdraw money from the demo account?
▶ Does the 24Option demo account charge commissions?
▶ My opinion on the 24Option demo account
Which is a investment demo account?
An investment demo account is what you get when you create a usuario on any en línea trading platform that offers this type of account. which will allow you make operations for free and learn the best ways to trade with the assets available at the broker.
This is one of the 5 accounts that you cánido get on the web portal of 24Option. It has no cost Because it is a simulator that the company provides to traders so that they cánido use its investment tool, learn and thus know if it is what they are looking for to invest.
Demo accounts are perfect for when you are going to try a broker of this type for the first time and you do not know if it is reliable.
Although it is also used for improve asset investment strategies no need to risk your money.
So really, whatever you want to use it for, making one of these for yourself is the best you perro doyou will not lose anything.
whatHow do they work demo accounts to invest?
The demo account itself acts like a real one, as if you have deposited money.
You have an amount of cómputo in your cómputo and with that you will be able to make operations in the investment platform.
Except that this money is virtual.
The broker you are trying gives you the facility to access many sections of its platform at no cost and make operations totally free.
On many occasions, these accounts cánido be limited in time.
However, there are platforms that allow you to use them forever.
24Option is no different.
You perro try the entire trading area with $100,000 of virtual money and access to all available assets.
Best of all, it doesn’t have a duration time, so you perro use it every day if you want.
You must register on the website and automatically the broker will give you a virtual account.
In essence, it is a simulator to make financial operations with contracts for difference (CFDs) and Forex in different assets such as commodities, cryptocurrencies and more.
Opening a position is as easy as choosing an asset, watching the price move for a while, and finally trading up or down.
Obviously you perro’t make withdrawals, since you don’t have money deposited with which you perro trade.
However, you have all the rights that a trader perro have.
You even have the possibility of accessing educational material so that you perro learn much more about the financial world.
In the end, if you like you cánido move between real and demo accountin case you escoge to add money to your cómputo.
how to create one demo account at 24Option
1. Entrar the 24Option website
Entrar the broker’s page, see everything it offers you and the information you cánido get about it and how to trade on your trading platform. Below you perro entrar directly to the official website of 24Option.
At the top right, Clic on the yellow “Sign up” button as you see in the image below:
2. Write your data
When you press the button, a pop-up box will open in which you perro choose which account you want, real or demo, select the latter.
Below there are spaces for you to put basic information and you cánido create your usuario.
Once you have completed your data, accept the conditions and press the button “start trading”.
3. Use the demo account
Now you do have your demo account available, congratulations!
You cánido entrar the trading area to start trading in financial assets you want and test the platform.
Then, if it meets your expectations, you perro escoge to deposit the minimum amount and from then on, use your real account to open positions and earn money.
As open a trade at 24Option with demo account
Opening a position is very fácil, the only thing you need to keep in mind is that you must access your usuario and entrar 24Option.
You have several menus that are important on the page and that you should know what they are for.
On the left side, you perro see a menu of the different assets in which you perro invest.
The list is defaulted to espectáculo all instruments, but if you want to see only Forex derivatives, commodities or any other, you perro filter them with the button that says “Filter”.
In the center, the menu appears for invest in the asset you have chosen.
Here, you will select the number of lots you want to trade and whether your option will be up or down with the buy/sell buttons.
Further down, you will have another box where all the operations you have carried out and those that are active at the moment will appear.
You perro also view the account cómputo and profit or loss that you cánido have
Knowing this, what you have to do is easy.
You choose an asset from the list in the left menu, it cánido be a commodity or maybe a currency pair.
In the center, it will espectáculo you the buttons Sell buy next to an option to type the number of lots you want to trade.
If you like look at the graph of the derivative Before making a decision, you cánido press where it says “ShowGraph”.
The presentation will change and you will be able to see the Japanese candlesticks moving to form the quote line.
Once you’ve decided what you’re going to do, switch back the chart and choose whether the price will go up or down.
Then select where it says “Trade” to carry out the operation and open your position successfully.
With what assets perro I invest in demo account?
The good of 24Optionis that your demo account allows you trade in all assets that the platform is available.
You don’t have to pay a penny, so you don’t have to worry about that.
In your account, in the trading area, you cánido see in the left menu all the derivatives that you cánido use.
Are more than 100 derivatives which are divided between Forex, Cryptocurrencies, Commodities, Stocks and Indices.
You must take into account that some assets only work during the hours of the depósito market.
There are others such as cryptocurrencies, in which yes you cánido operate whenever.
Since you perro use the entire available portfolio of 24Option, you have the possibility to test new strategies and create a list of favorite assets.
With this, you cánido disminuye risk and improve your operations for free so that when you switch accounts you don’t make mistakes that cánido cost you money.
That 24Option platforms cánido i use it in demo account?
In 24Option, you cánido use your demo account with 3 platforms depending on what you are looking for.
You have available the web version, mobile aplicación and MetaTrader 4.
They all give you the same conditions of $100,000, and you cánido make trades, close them, see your history and much more.
The first is from MetaTrader 4, being very well known and the one that many choose as default due to its great possibilities.
It also gives you trading signals so you cánido be more secure when investing.
you cánido download it for both computer and mobile. However, I do not recommend it for novice traders due to its complexity.
On the other hand, if you don’t want to download anything, using the web version is your best option.
It is located directly on the page, it is very intuitive and has nothing to envy to the others.
It has been designed to be as fácil as possible, while still providing a complete experience for the novice and expert trader
In fact, I would recommend that you will start with this firstbefore trying any other.
Finally, you also have the 24Option mobile aplicación.
It has good references as it is quite intuitive, especially with new users.
It is very fácil, but it will allow you to do the most basic thing, which would be to open and close operations, see your history, deposit, withdraw and communicate with customer service.
you perro download from the Play Store or the Aplicación Store, depending on the programa of your mobile.
What types of operations perro I perform with the demo account?
The demo account of 24Option, it allows you trade CFDs and Forex, which are the two types of operations currently handled by the broker.
At some point in the history of this platform, it also supported binary trading, but now, it was dedicated only to the forms of trading that I mentioned before.
In the trading area, you cánido open several positions and study various assets at the same time. what allows you learn to really use this web portal.
Best of all, neither the values nor the conditions change when you move between the real and demo accounts, so if you understand how to trade and make profit With your virtual money, you cánido also get it when you have deposited.
If you are a newbie, you may not be clear on what the terms of the operations you perro do orinan.
That’s why, I will explain here briefly what they imply.
First of all, CFDs.
This is a diminutive for Contracts for Difference.
Here what you do is trade with the right to trade the difference of the entry and exit price of an asset.
You never buy or sell the derivative itself, you only invest in its price.
These operations cánido give very good profit or big losses, it all depends on whether you invested up or down correctly.
For example, suppose you trade the EUR/USD currency pair, and it has an entry price of 1.9543.
You do the market analysis and predict that in the next few hours, its value will rise.
Therefore, you invest to the upside. If your study was correct and the value of the asset goes up, then you will start making a profit.
You must be careful with trend changesbecause while your position is open it cánido be affected and turn your income into losses.
Following the example, at the time of closing the currency pair is at 2.0000.
Which means that 0.0457 is your profit in PIPs.
On the other hand, the platform also trade forexwhich is simply selling one currency while buying another.
The difference is, that in this case the trading is leveraged, that is, that you perro use a greater amount of money than you really have.
For example, if you use a multiplier times 10, it means that if you invest $10 in your position, you would actually be trading $100.
This may look great, but if your trade is not going as you wish, losses will increase in the same way.
Which means you could lose a lot of money.
So I recommend that do not exceed the x10 multiplier.
Up to this point, you perro control the leverage and potential losses that you could have.
Take it as advice to improve your risk management.
How to change the demo account for the real in 24Option
Moving between the live and demo account is super easy.
All you need is to clic and one will be replaced by the other.
exist two forms to do thisso pay close attention.
For the first method, you must locate yourself in the upper bar of the trading room, where your name appears along with a “Welcome”.
Next to it, you will see a series of numbers and letters, followed by these acronyms “FX/CFD”, then the word Demo is displayed.
You must press here so that you cánido see a dropdown menu.
Below your current account, another one will appear that says “live”.
this is the real.
Once you clic here, it will change automatically.
The other way is to be in your demo account and look for the black button with yellow borders that says “switch to real”.
It’s next to “My Account.”
With this you cánido change demo account for the real one no matter which way you use it.
In the image below I mark you with two colors ways for you to switch accounts.
Any method will work for you.
cánido i make a deposit or withdraw money from the demo account?
The short answer I perro give you is no.
You perro NOT deposit or withdraw money from the demo account.
And I’m going to explain why.
To make deposits, you must select the option “Banking”but it will ask you to automatically switch to your real account, since when you log in, you will see a notice that says “The action is not valid for demo accounts”.
Once you are in the real account, you will be able to make deposits without problems.
Now, regarding withdrawals.
You cannot make money withdrawals if you are in your demo account.
This is because the money they give you is virtual, which is as if it did not exist.
It only works so you cánido test trading platform.
Since it is not deposited by you, you do not have the right to make real profits with that capital.
In the same way, if you want to take the money you have earned to your bank account, you must do it from the real account and in the same section “Banking”.
Does the 24Option demo account charges commissions?
The demo account of 24Option is totally free.
You should pay absolutely nothing to create one.
In fact, when you register on the page to have a real account, your demo account is created in parallel.
So no. Does not charge any type of commission for being used or for the actions you perform on it.
I must clarify that I am referring to plus charges that may arise for using the demo account.
Since during operations, the collection of commissions such as spreads and swaps They still exist for positions.
On the other hand, I must tell you that the only commission that perro be activated is inactivity.
This is because as the demo account and the real one are created at the same time, if you stop entering your usuario for 60 continuous days, they will charge you 80 dollars or euros.
I recommend you not let that period of time go by without logging in, so that at some point, if you want deposit to tradeYou don’t have to pay that kind of money.
My demo account review by 24Option
After trying for a while demo accountI perro give you my complete 24Option opinions about what I think of this broker.
Has a quite intuitive platform which makes the demo quite useful for both novice and experienced traders.
The minimalist sense is very noticeable by keeping everything you need to open and close a position on a single page.
It is very complete by providing all users who want to try the trading platform, with sophisticated tools and depósito market information accurate.
With this, you perro ensure that the test operations you perform will be very afín to what you do with the real account.
Also, something very good is that it allows you to access 100% free educational material, without having to change your account or deposit.
They are webinars and webinars that are quite interesting since they allow you to understand how the platform works in a short time.
Also, you cánido contact customer service staff At any time you need it without any problem, they will answer you to solve your concern.
Since it is completely free and risk-free, you perro take advantage of this to strategize and test new financial assets to improve your income.
The only thing you have to take care of is not fall into inactivitybecause as your real account and the demo are created at the same time, if a minimum of 2 months go by without you entering your usuario and doing at least one test operation, they will charge you from 80 euros for the time you have not logged in.
So I perro tell you with complete certainty that if there is a broker that is worth investigating and trying, it is 24Option.
I assure you that with your privacy and the conditions to trade you have, you will not regret it.
If you don’t feel like depositing, you cánido always use the demo account to improve as a trader and become a expert with CFDs and Forex.
24Option has become one of the best brokers to invest in the depósito market in recent years.
Not only because of the security that the CySEC license provides, but also because of the simplicity of the platform, which while being intuitive, allows you to have a complete en línea trading experience.
So that you could confirm everything I’m telling you, the web portal enabled the free demo account With which you will be able to carry out all the actions as if it were a real account, without charges or having to provide plus payment information.
The only difference is that you cannot make deposits or withdrawals.
Taking advantage of these trading simulators allows try new strategies to improve your operations and make a decision about the broker you will use.
Have you already tried the 24Option demo account? Tell me about your experience in the comments!
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I am passionate about Internet business and digital marketing.
I have learned a lot through practice, and I share my experiences to espectáculo that anything you want to achieve is possible.
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