FXTM offers a demo trading account that lets you become familiar with the platform without making a deposit. You can learn how to trade while testing your strategies. There's no risk involved as the funds you use are virtual and free.
- Is a Demo Account free?
- How long is a Demo account valid for?
- How many Demo accounts I can create?
- How to log in Demo account?
We provide Demo Accounts for all account types, except for Invest Accounts. Also, stock trading is not available on a Demo Advantage MT5 or Advantage Plus MT5.
Note: Stock trading is not available on Demo Advantage MT5 and Advantage Plus MT5 accounts.
How to open a demo account?
You can open a Demo account as follows:
- Login to MyFXTM and select the My Accounts in the left-hand menu
- Click ‘Open New Account’ and choose the type of account you want to open.
- Under the selected account click the blue line ‘Try the demo’.
- Select currency, leverage, and create a password.
- You will be redirected to view your account details.
How to log in a Demo account?
Please be aware that the login procedures for both Live and Demo accounts on MetaTrader are identical, with the only difference being the server selection field. For more details, you can refer to these articles
Is a Demo Account free?
Yes, the Demo Account is free, with no charges or fees for opening and using the account. You're provided with free virtual funds to use. You can increase the balance of your demo account from within the MyFXTM portal. Demo Accounts are available in USD/EUR/GBP/NGN currencies.
How long is a Demo account valid for?
A demo account will remain active if you log in to the trading platform at least once every 14 days. If your Demo account is inactive for over 14 days, it will be deleted automatically. In this case, you cannot reactivate the account or retrieve the trading history.
How many Demo accounts I can create?
There are no restrictions on the creation of Demo Accounts, allowing users to open as many as they desire.