Binarycent Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 29, 2022
Binarycent is one of the renowned names when it comes to Forex brokers. Check out all details of Binarycent Demo Account or Virtual Trading Platform here.
The forex broker gained huge traction during the 2017-2020 periods making it popular among young traders in the trading market.
They provide excellent offers which helped them in gaining trust and popularity. Among all the other features, the demo account feature provided by Binarycent is one of the most praised features.
In this article, you will get to know more about the Binarycent virtual trading account. You will also know about the features and the advantages.
By the end of the article, you will get to know about “How to open a demo account”. Let us take an in-depth look into the details below.
Binarycent Demo Account
Binarycent has a lot to offer as a trading platform and it is filled up with vast features.
Navigation in the trading platform is extremely user-friendly and smooth which makes it easier for the new users to navigate across the platform.
Those who are not yet ready to risk money in trading can use the Binarycent demo account.
In this Demo account you will be presented with virtual money which you can do to make trades but then since it is virtual money, any profit you earn cannot be withdrawn.
Binarycent lets you use all the features present in a live trading platform also in the Demo account.
The navigation bar is much organized and has info buttons that help novice users to learn more about the trading platform.
All of the features listed in the demo account have info buttons that will help you to grasp knowledge about a feature.
Not only this, with the Demo account you will be able to use most of the tools that you can find in the live trading account.
Let us take a look at the other features of the Binarycent virtual trading account.
Open Demo Account Now! – Zero Commission on Trades
More Related Articles on Forex Demo Account
|eToro Demo Account||IQ Option Demo Account||Alpari Demo Account|
|iForex Demo Account||FBS Demo Account||AvaTrade Demo Account|
|IG Markets Demo Account||Forex.com Demo Account||Binomo Demo Account|
Binarycent Demo Account Features
There are many features in this Demo account, however; we have filtered the important features only.
Let’s take a look at the important features of the Binarycent virtual trading platform which sets it apart from other brokers.
- Binarycent Demo account has all the features of the live trading account
- As a trader, you will get access to research products and market analysis tools which will eventually help you to build your repo in the trading world.
- There are premium tools provided which can be accessed only by purchasing it. These premium tools are also unlocked in the demo account for you to use and learn
- You will get $50,000 virtual money pre-filled in your account which you can use to learn more about the tools and also to make trades. The virtual money cannot be used for any other purposes outside the demo account. You cannot withdraw the virtual money and neither can you use it as real money.
- Since live trading platform is based upon the MT4 trading platform and hence you will get access t it in the demo account as well.
Binarycent Demo Account Charges
|Demo Account Details|
|Virtual Money||$ 5000|
Binarycent Demo account is very helpful for novice users and traders out there. It helps them to learn more about the trading platform and the trading market.
It lets you know about all the ifs and buts of the trading terminal.
However, you will be amazed by the fact that the demo account is free of cost i.e. there are no joining fees, or monthly charges, or Annual Maintenance charges associated.
One more reason for the Demo account being free of cost is the fact that it comes under a trial package and is more like a preview of the live trading platform.
You will get virtual money worth $50,000 to use in compliance with the demo account. Users get to know the features of the live trading platform and invest money on it or not.
The demo account expires within 30 days and the virtual money inside the demo account gets expired too.
How to open a Binarycent Demo Account?
Opening a demo account with Binarycent is very easy. Make sure you have all the necessary documents needed to register for the demo accounts.
Follow the steps given below to open a Binarycent virtual trading platform –
- Go to official website and navigate to the section which says, “Open a demo account”. Click on it.
- Upon clicking it will take you to a new page where you will find a registration form asking for your details.
- Fill up the form with the correct details as they may verify the details later
- Agree to the consent boxes which depicts terms, conditions, and policies of the demo account, and thereafter click on final submit
- Next, you will have to submit documents for KYC verification upon which they will generate credentials for the Demo account
- If you verify the demo account then you can directly convert it into a live trading platform without much hassle.
- To log in to your Demo account you need to use the credentials provided to you on your registered email.
- If for any reason you are unable to log in to your demo account then you need to reset the password. Alternatively, you can call the demo account support people to get this issue resolved in a matter of minutes.
Check Similar Articles on Forex Demo Account Charges
|FXTM Demo Account||Deriv.com Demo Account||Markets.com Demo Account|
|IC Markets Demo Account||Finq.com Demo Account||OctaFX Demo Account|
|XM Demo Account||FXPro Demo Account||Olymp Trade Demo Account|
Advantages of Binarycent Virtual Trading Platform
This demo account has lots of advantages apart from providing knowledge to Novice users. Let us take a look at the advantages of this demo account.
Get acquainted with the interface
Binarycent demo account gives a tour of the live trading platform and lets you use the tools. You can use the tools as you like and do research.
This also helps you to decide if the interface is comfortable or not and also helps you determine if you want to register for the live trading account or not?
Get access to $50,000 worth of virtual money
The Binarycent virtual trading platform comes prefilled with $50,000 worth of virtual money which can be used for trades inside the demo account.
You can test your trading tactics as much as you like within the virtual money amount limit.
Expert traders also use the demo account to test their strategies and also for research purposes.
The Demo account available for 30 days
This demo account will be available for use to you up to 30 days post the date of registration.
In these 30 days, you are free to use the demo account as much as you like.
You will get access to premium features of the live trading terminal which you can use through the demo account to know more about the premium features.
Get access to the MT4 trading platform
Binarycent lives trading platform is based out of the world-famous trading platform also known as the MT4 platform or Meta Trader 4 platform.
As a demo account user, you will have access to the MT4 trading terminal which will help you to get acquainted with it.
Binarycent Demo Account – Conclusion
Binarycent demo account comes filled with an array of features that you will only find if you register for a live trading account.
They have the option to convert the demo account into a live trading account which means you can easily change your demo account to a live trading account whenever you feel like it.
As a demo account user, you will have access to the premium features aswell.
They also provide access to the MT4 trading platform for the demo account users which can help you to strategize.
Overall, the demo account has all the features that make it stand apart from demo accounts provided by other top brokers.
Check Articles on Forex Demo Account & its Features
|IronFX Demo Account||Oanda Demo Account||FP Markets Demo Account|
|LiteForex Demo Account||UFX Demo Account||HYCM Demo Account|
|NinjaTrader Demo Account||ThinkMarkets Demo Account|
Binarycent Virtual Trading Account – FAQs
Here are various FAQs on Binarycent Virtual Trading Platform –
Does Binarycent provide Demo a/c?
Yes, Binarycent provides a demo account to its users and this comes under a 30-day trial package. The demo account gets expired post 30 days trial period.
How to Set up Binarycent Demo Account?
Setting up a Binarycent Virtual Game is easy. You need to go to the registration page from their official website and fill in the details and submit it.
Binarycent will set up the demo account for you to start and will send the credentials to your registered email.
Is Binarycent Virtual Trading Platform Free?
Yes, the Binarycent virtual trading platform is free of cost. You will get virtual money inside the demo account which you can only utilize through the platform.
The feature is a trial feature provided by Binarycent which means it is free of cost.
What are the Fees of the Binarycent Demo Account?
There are no fees as such associated with the Binarycent demo account.
This is a trial feature and is not the actual trading platform where you can earn a profit, make deposits and withdrawals from your bank account, and thus it is free of cost.
Is AMC levied on Binarycent Virtual Trading Platform?
AMC or Annual Maintenance Charges are levied on those products where the period of usage is more than 1 year.
In this case, the demo account exists only for 30 days as part of the trial package and thus AMC or Annual maintenance charges are not levied on the Binarycent Virtual trading platform.
Is Binarycent Demo Account best?
Binarycent demo account is considered to be one of the best demo accounts in the trading market because of the flexibility it provides to its users and the array of features a user can test before finally registering for the live trading account.
What Documents are required for Binarycent Demo Account?
The documents required for the Binarycent demo account are Government approved ID card, Driver’s License, birth proof, and residence proof.
Is PAN required for Opening Binarycent Account?
Yes, a PAN card is mandatory to open a Binarycent account as it is important for the Taxation purpose.
Does Binarycent Charges Demo Account Opening Fee?
No, there is no Demo account opening fee associated with the Binarycent Virtual Account..
How much Virtual Money do you get in Binarycent Demo Account?
You will get $50,000 worth of virtual money when you register for a Binarycent demo account.
Open Demo Account Now! – Zero Commission on Trades
Most Read Articles
|Forex Trading – Know Everything|
|Forex Broker – Know Everything|
|Why Trade in Forex?|
|How to Trade Forex?|
|Forex Trading Strategies|
|Forex Trading Tips|
|Become a Successful Forex Trader|
|Best Forex App|
|Top Forex Broker|
|Best Forex Trading Books|