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Some brokers will ask you to input payment information when you sign up, but this is not so common due to the fact that many traders prefer to use a demo account first. The one using virtual money is the so-called demo account. We strongly suggest opening such an account, because it is the most convenient and safe way to learn binary options trading, to get familiar with the trading platform and test your first trading strategies. If you opt for a demo account, then you will not be asked to input any payment information and you will most likely be redirected to a page where you will be able to access the trading platform either by a download or via your browser.

There are, of course, brokers who offer a much easier sign-up process where you will only need to verify your account via email.