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Virtual account or demo account can be opened without any hassles. You will be provided with USD 10, of virtual money for practicing trades on the demo account. You will be able to see the exact payout on the right side on the binary options trading platform.
However, it is important to keep in mind the fact that the payout ratio changes based on the fluctuations in the market. The minimum amount to be deposited to start trading is USD 5, but the website clearly specifies the amount to be deposited, minimum and maximum limits, depending on the deposit method that you choose. It is easy to park money into your trading account as the broker supports a wide range of deposit methods such as Bank wire or Money transfer and Credit or Debit card as well as E-Wallets and third-party payment processing, which include CashU, FastPay, Skrill, WebMoney, Ukash and Neteller.
You can withdraw money from your account for free. However, the processing times and the minimum and maximum withdrawals are dependent on the method of withdrawal that you opt for.
Typically, it takes about five working days for processing withdrawal through bank wire and 3 working days for processing withdrawals through credit and debit cards. Customer support services provided by Binary. Traders located in regions other than these are serviced with the help of a generic direct telephone helpline number, which can be accessed 24 hours in a day. As many customers have to be serviced, it is not a good idea to depend on the call-back facility.