Optimarkets Demo Account Review
Optimarkets Demo Account ReviewMay 10, 2013
Generally speaking, the benefits of practicing trades on a demo account are obvious. First and foremost it allows you to simulate trading in a risk-free environment without having to invest real money.Secondly, it allows you to get a feel for the platform and see if it performs smoothly. But even more so, you get to see their customer service in action.
When it comes to Optimarkets, I have to say that these guys score extremely high across the board. The first thing I check is if the asset index is identical to the real money trading account. Then I move on to check trading intervals and availability of features. For example, Range is only available for depositing traders, but standard digital options (AKA all-or-nothing options) are available in practice mode.
Finally, I look for technical issues like slow response times (lag) or problems logging in to my account. I wouldn’t want to invest $1,000 and then have my momentum and strategies in complete disarray.
To conclude, this broker scores amazingly high on the demo account review. I was able to start simulating trades immediately after I signed up and that is the main reason why I decided to go ahead and invest with Optimarkets. I used my Paypal account to fund my secondary bank account and then used my Visa card to deposit and start trading immediately.