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We know we certainly did. Being a new trader is tough, and we get it. Your capital is at risk. The Nadex demo trading account is a free way to test out the trading platform and get a feel for whether or not binary options trading is right for you or not. Demo trading at Nadex is completely free.
For those that are on the border about whether or not they want to use this exchange , this is a great way to get a feel for the site and the trading platform before you make a commitment to the site. For those with experience trading, you can use this same availability to test out new ideas before you use them in real time.
The Nadex demo account stays open indefinitely, even after you have made your deposit and have started trading with real cash. This provides traders with a huge advantage because it provides them with a risk-free tool where their skills can be explored and expanded upon. Trades are executed in real time, and all of the data that is provided is real, up to date market data. The software is also exactly the same. Really, the only difference is that you are trading with pretend money rather than real money.
While this does change the feel a little bit, all of the tools that you will use as a trader are exactly the same. In this respect, a Nadex demo account is a must if you want to master the platform before the stakes become raised. Setting up a demo account with Nadex is pretty simple compared to many other brokers and exchanges out there.
Once you are at the homepage, there will be a few links at the top of the page. Let them know if you already have a live account, create a username, type in your real name, phone number, and email address. Also, you will need to indicate your country of residence. A demo account is basically a free way for you to test run whatever new thing you might be working on.
The demo account is a strong learning tool, and using it is an efficient and convenient way to improve your skills as a binary options trader. If you have been demo trading at Nadex and decide that you want to open up a live account with them, the process is a bit more in depth than it is for creating a demo account.
The application only takes about five minutes total to get through. The information that is sought is not complicated, just personal info. You will need to supply your name, country, and mailing address.
Nadex also asks how you heard about them. Tracking this information helps them to market their services better. Finally, you will need to click a box that says you agree with their policies and that they can get in touch with you. Once this is completed, you can submit your application and move on to part two. Here, you will be asked to fund your account. Unlike other brokers, Nadex does not allow credit cards.
You will have to mail a check or submit a wire transfer request. This slows down the access that you will have to trading at Nadex, but this is a U. In our opinion, the wait is worth it because of the great trading platform that Nadex has. They will likely ask you for documentation , but typically it is nothing out of the ordinary. Nadex has one of the best trading platforms there is.
If you are thinking about trading here, be sure to use their trading platform first. If you decide that this is the right place for you, setting up a live account is quite easy, too.
Short Term or Long Term. Your Capital is at Risk. The financial services provided by this website carries a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.