Freestyle Options Test Drive is an innovative tool that allows traders to test their trading skills and practice 30-seconds and 60-seconds options trading on live charts. Test Drive charts feature four currency pairs: EUR/USD, GBP/USD, EUR/GBP, USD/GBP. Minimum trade size is $10 USD, maximum - $100 USD. Test Drive Trading history demonstrates open and closed positions, allowing traders to check the outcome of five consecutive trades and evaluate their performance. Traders are welcome to use Test Drive charts as many times as they want without any restrictions.
Test Drive system prompts a trader to place 5 consecutive trades by highlighting required trading steps:
Choose expiration time – 30 seconds or 60 seconds
Choose currency pair - EUR/USD, GBP/USD, EUR/GBP or USD/GBP
Enter investment amount – Min $10 USD, Max $100 USD
Choose direction – CALL or PUT
Once a trader opens a trade the detailed trade statistics becomes visible in a History tab below the main dashboard and live chart. After expiration of the last fifth trade the system calculates the overall score and evaluates trader’s performance.
Please note, that if a trader moves to a different website page or closes and/or reloads Freestyle options website, the system nullifies the results and goes back to the Trade 1.
If a trader already has a live trading account with Freestyle Options he cannot keep the profit generated by Test Drive feature. That option is available exclusively to new traders who do not have a live trading account with Freestyle Options yet. Exiting traders may use Test Drive charts for demo practicing only.
In order to keep the profit generated with the use of Test Drive system, a trades has to open a trading account with Freestyle Options immediately after expiration of the last fifth Test Drive trade. Generated profit will be automatically credited to the new trading account in a form of Prize money. In order to activate trading account a trader has to deposit to his trading account an amount equal to or exceeding the amount of Prize money, but not less than 50 USD/EURO. Prize money is subject to 30x turnover prior to withdrawal.