What Is Demo Account?When talking about demo accounts, most people talk about virtual cash account.
What is Virtual Account?Virtual cash account is basically trading real assets in real expiry times but with “virtual” or “demo” money. In other words, you can not lose your real money but you can practice and get familiar with the Binary Options platform and with the process of placing trades. Some brokers claim to have a demo, but it’s actually a video or any other kind of Demonstration on how to trade binary options. A Demo Account is is an effective way for a new trader to learn about the trading platform. However, the demo account does not teach you how to trade.