Free SpotOption demo account and SpotOption platform review
See the SpotOption demo account and learn to use the SpotOption platform!
SpotOption is a developer of a platform for binary option brokers and provide a very cheap demo account: It is free forever. With these it is possible to test the platform with no strings attached. This post will show you how to join the demo accounts, select the right option type and place your first winning trade!
First, SpotOption is no broker. Other than at some fishy demo accounts you don’t need to deposit any money. Currently you don’t need even a valid email address. The access to the SpotOption demo account is a bit hidden into the content; you don’t find them in the menu. Most of the information at the homepage are for brokers and are not interesting for a trader.
You need only an email address for login name, a password and retyping the captcha. After you press the submit button wait and don’t press it multiple times. Creating a demo account take a little time. After the account was created, you get the quality demo filled up with $50.000. You can immediately log in and place trades.
The SpotOption platform
Understand brokers interface is the difference between rewarding and failing. Hence, this testimonial puts his focus at the usability. The interface is very simple to use. At the top of the website are tabs to select the type of binary options. The platform seem very stable and trustfully. All assets are sorted in 5 groups and the combobox has a search field, make the swapping between very fast. The asset view support line charts and japanese candlesticks. To place a trade you need only two clicks at one of the both buttons. The developer of the SpotOption platform have captured promotion videos, but the most important fact is that they don’t want to sell any crap applications or tell you strange stories.
- Your actual broker deposit. Open trades are not included in this sum. A new SpotOption demo account get filled up by with $50.000.
- The type of binary options. The SpotOption platform support current classic binary options, pair options, long term options, short term options (60-second-options), One touch (don’t get confused with Touch/Notouch), Ladder options, FX/CFD options, Spot follow options and limit options. The default selection are the classic options. Classic options are the recommend trading way for newbies. Beginners are often confused with all the possible types. Read now about the types of binary options.
- The type of asset to trade. This selection changes the content of the combobox at 5. A good starting point for newbies are currency pairs. At the SpotOption platform are currencies (for example EUR/USD), commodities (resources, for example oil, gold and silver), indices (for example Micex and Ibex) and stocks (for example BP and Vodafone) available. The default selection is the group Hot Assets. This group contains the most common assets of the other groups. Which assets are available depend at the current daytime and the selected type of binary options (2.)
- This button switch between the asset views. The available types basing at the binary option type, you have selected (2.). The choice of the view is primary your preference. A small tip: If you wait for a good entry point select at two asset charts the same asset, open the submit dialog at one and observe the price at the other chart.
- This combo box selects the asset to trade of the current selected asset type (take a look at 3.). If you change the asset all other information will change like the chart view, payout and possible experience days.
- The expiration time of the trade. This depends at your actual selected binary option type (2.). At classic binary options you win if the price of the asset is above (CALL, 8.) or below (PUT, 9.) the price you placed the trade.
- The trade amounting. Your win is percentage to your investment. You should strongly use a risk management strategy.
- This button places a CALL trade. You need to apply a new placed trade. It strong base at the type of your selected asset (2.).
- Place a PUT trade and is mostly like 8.
- Your pay out, if you win the trade inclusive your investment sum. Hence, it depends at 7.
- How much percent of your investment will you get if you win the trade exclusive you investment sum (7.).
- Sometimes get a part of your investment get protected and you will get back them if you lose the trade. It is full depends at your broker, investment sum, asset et cetra.
- With these buttons you can change the view of the chart. But the SpotOption platform don’t offer like all binary option platforms a professional chart. Using chart software like MetaTrader is strong recommend.
- This button hides 3 analytic with Moving Average, Bollinger Bands and RSI. earn-money.today has current no information about the accuracy of this analytic.
- At the bottom of the platform you will find a list of all your trades. This button swap between open and already closed trades.
- Here you can select the type of option to list.
- This is an actual list of your trades, depends at 15. and 16.
Place your first trade
It is time to place your first trade. In a real trading session is the first step to figure out in what directory will the price move. But it is more important to get a feeling for the platform rather than find the cleverest trading opportunities. That you don’t wait to long for the end of the trades, you could select the 60-Second-Options (Short-Term-Options). Please don’t forget, these kinds of option is hard to predict. Hence, trade Short-Term-Options only in a Demo account.
Here you can select either CALL (↑) or PUT (↓). After the selection, submit your trade with in the open modal popup. Now you can wait 60 second (that is the default setting) until the trade is done. Now do you know how trade. It is time to learn more about strategies, manual signals and autotrader. Below do you find more information to make money online!
Train is the main keys to success!
You can place some random trades to get a feeling for this platform because this demo account have a big fund and you can register a new account in less than 1 minute. So it is possible to determine the most reliable ways to trade and your favorite trading method. This unique simple and free Demo account has only one disadvantage: The SpotOption platform support current no Touch/Notouch-Options.
For beginner, it is recommended doing anything others to distract from the open trade. If you watch the trade you get may bad feelings or panic what cause in wrong decisions. Use a Smartphone to get away from computers between the trades. With this you can take a look at all your trades while you are outdoor, meet with friends etc. This is one of the most important beginner Tips.
After you have some feeling for the demo platform you can select a strategy and try to increment your money. No matter if you lose first more than you win, each body began small! You can collect experience until you are a top trader and start with your financial freedom!
Use a disposable eMail address to create other demo accounts!
If you use a Google Mail address you will get the rights to use this eMail address and all usernames concatenated by a + sign. If your username were example, your primary address were firstname.lastname@example.org. But you can use the eMail address email@example.com too. All eMails to this sub-usernames get redirect to the inbox of your main account. You can use each of this if you need a second eMail address like at the SpotOption trading system to create a second demo account or if you want avoid spam mails. If you receive any spam, you can create a filter to drop all incoming eMails in your Google Mail settings.
If you don’t use Google Mail, a quick Google search shows much other disposable eMail services. You don’t receive current any eMail, hence you can use them safe.
Is SpotOption demo account and platform a scam? The conclusion!
If you read the review carefully, you know already the result. But to summarize all information about the SpotOption demo account and platform we want to revise them together. SpotOption is a verified platform developer and makes money with selling they to broker. Hence, SpotOption don’t want your money, other than fraud service schemes. You do not need current a valid email address and will not receive any emails. They are only for your username. You can join in seconds and trading with the demo account. You never need one penny to pay. There are no well-known scam tactics like other service. It is the most advance demo account available. That all mean only one clear verdict: SpotOption demo accounts are brilliant and scam-free! That’s why the SpotOption demo account is listened as legit tool.
Thank you very much for reading this review about SpotOption demo accounts and the general platform. Because SpotOption.com is a verified legitimate webpage, you should share your experiences in the comments below and at social medias. If you have further questions, send quick an eMail to firstname.lastname@example.org or use the pretty contact form.
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