Even if you’re brand-new to the financial markets, you’ll know that there’s always an element of risk involved in forex trading. That’s why we offer the Demo Account — a free, practical way to discover the features of your trading platform and test your strategies before you commit any of your own money.
What is a demo trading account?
A demo trading account is a type of account that is funded with entirely virtual money, but still includes all of the functionalities and technical indicators as a live account. This makes it the perfect tool if you’re new to trading, as you can become familiar with the fundamentals of both your trading platform and the financial markets themselves before you start trading with real funds.
Advantages of a demo trading account
There are numerous advantages to having a demo account. For beginners, it enables you to learn how to open and close positions, read price charts and practice using trading in complete safety until you’re ready to transition to a live trading environment. You’ll be practicing under real market conditions, which is a great way to get to grips with risk management.
A demo account is also a must-have for more experienced traders to continue honing and improving your existing trading skills. As you develop or discover new strategies and techniques, it makes sense to test them first to see how these methods are likely to perform.
How to open a demo trading account with FXTM
If you’re ready to explore trading, you’ve come to the right place. The FXTM demo is available on four different account types, including:
Advantage Account:
Most popular Advantage account, super tight spreads
Advantage Plus Account:
No commissions, no requotes, tight spreads
To open a demo trading account, just follow the simple steps below:
- 1
Register or log in to MyFXTM
- 2
Choose your account type and select ‘Demo’
- 3
Start trading, risk-free!
Learn to trade with a demo trading account
Almost all of FXTM’s live trading accounts have a demo counterpart, which means we offer a wide range of exciting financial instruments for you to discover. Check out what you could start trading on our demo trading accounts:
Forex
Forex trading, also known as FX or currency trading, is the act of buying and selling currencies. Banks, institutions and individual traders speculate on currency prices and then exchange them to make a potential profit. The forex market is the most liquid in the world with a daily turnover of more than $5 trillion USD and is a popular choice for new traders. Learn more about trading forex with FXTM.
Spot Metals Trading
Spot metal trading is the act of exchanging a spot metal — Gold or Silver — for a currency, e.g. Gold against the British Pound, or Silver against the USD. Spot metals have historically been a popular choice in times of market volatility due to their perceived ‘safe-haven’ status. Learn more about trading forex with FXTM.
CFDs on Commodities
When you’re ready to move to live trading, commodities have low margin requirements and are a great way to diversify your portfolio. In the meantime, you can practice trading Oil and Gas on our Standard, Advantage and Advantage Plus for MT4 demo accounts. Learn more about trading forex with FXTM.
CFDs on Indices
Trading CFDs on Indices with FXTM gives you access to the most prominent securities in the US, Europe, Asia and Australia, meaning that you can buy and sell the selection of stocks that best suits your trading strategy and investment goals. Learn more about trading forex with FXTM.
Get more with FXTM
If you’re ready to start building your trading skills, register for a demo account today!
Feeling a little unsure which account type is right for you and your trading? Contact our friendly Customer Support Team who will be more than happy to help.
