Forex Demo Account

Forex Demo Accounts are educational resources recommended to be opened prior to opening of a Live Trading Account. By opening such an account, traders are able to increase the refinement of their trading by $25,000 and be comfortable with their trading software. A Demo Account lets its investors, regardless of their previous experience, to get familiar with various procedures of trading while taking no risk, as all losses or gains on Forex Demo Account are not real.

Forex Demo Account It is possible to go through the decision-making process, which bases on news breaking and reacting to trading patterns without any financial risk. Some financial specialists suggest that a Forex Demo Account is used until a profit is produced at the end of the month.

How to open a Forex demo account

The fastest and easiest way to open a Forex demo account is to fill in the online form. Usually, free live online training is provided to any new user of Forex Demo Account to teach them both about the market and specific strategies. Accounts may be founded via credit card, check or wire transfer.

    The procedure of opening a Forex demo account in most cases is as follows:
  1. Open the account online
  2. Fund the account via one of the three abovementioned methods
  3. Install the forex trading system software
  4. Once it has been installed, the new user can log on by clicking Login-Demo and providing their User ID and password.

Many banks offer three different Forex Demo Account types to meet the expectations of their clients with greatest possible flexibility: Mini, Standard and Premium Forex accounts are available, using different leverage approaches and catering to portfolios of different sizes.

All investors are usually given the access to trading platform, which includes advisors help, full chart package, access to detailed account information and mobile trading software. Clients' trade behaviour is monitored and reported to them on a regular basis which helps to judge the investor's performance critically and set achievable targets. Traders serve their clients directly, both online and by telephone. Regular market update and the strategic outlook on major currency pairs are delivered to clients free of charge.

Types of Forex Demo Accounts

Listed below are the three types of Forex Demo Accounts:

  1. Mini Forex Demo Account:
    • spread by 3 pips
    • leverage up to 500:1
    • $500 as minimum deposit
    • allowed scalping
    • 1% of margin
    • dealing room services
  2. Standard Forex Demo Account:
    • spread by 2 pips
    • leverage up to 200:1
    • $10,000 as minimum deposit
    • allowed scalping
    • 1% of margin
    • dealing room services
  3. Premium Forex Demo Account:
    • spread by 1 pip
    • leverage up to 100:1
    • $250,000 as minimum deposit
    • allowed scalping
    • 1% of margin
    • dealing room services

Usually all users of practice Forex trading accounts are also provided with:

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