A Demo Account is a trading account that allows you to become familiar with the trading 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.
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.
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 MyFXTM portal. Demo Accounts are available in USD/EUR/GBP/NGN currencies.
How long is a Demo account valid for?
A Demo account will stay valid as long as you have trading activity on the Demo account in the last 14 days.
If your Demo account is inactive for more than 14 days, it will be deleted automatically. In this case, we will not be able to reactivate the account, nor retrieve the trading history.