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The demo account allows traders to test the platform for a longer period of time as the practice funds are much greater than the free bonuses that used to be offered. I also see that you say they are not legit. You stay with a company because they cater to your needs. The company achieves this through several channels.
In order to protect invested funds, when selecting a company for a long-term partnership a professional trader should consider not only a company's specific trading conditions but also, most importantly, the existence of documents confirming that the company's operations comply with the relevant countries' legal requirements and that the company complies with internationally recognized financial standards.
IQ Option has obtained the necessary licenses to operate in the financial services industry.
CySEC monitors the activities of companies rendering financial services to ensure their compliance with the laws and regulations of the Republic of Cyprus and the European Union.
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IQ Option places special emphasis on matters related to protecting invested funds. We guarantee the security of our clients' funds and prompt fulfillment of our financial obligations.
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IQ Option participates in the Investor Compensation Fund (ICF, Cyprus)
Our business model is based on pure exchange rule - at any moment and for any price there are traders willing to buy and there are traders willing to sell. In an ideal situation the positions of those who buy and of those who sell are equal.
The clearing is done inside our system and we get our commission out of the trading volume.
In cases where there are differences between the buyers and the sellers we pass this risk to the market maker which covers the risk.