Yes, AMarkets offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. AMarkets practice forex trading in a 100% risk-free environment.
Finding a reputable list about AMarkets demo account local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Demo Account review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to using this broker’s platform and their trading interface.
How to set up a Demo Account – Step by Step
To register for, and set up a demo account with AMarkets, traders can follow these steps:
- Navigate to the AMarkets website and select the ‘demo’ banner from the top bar on the homepage.
- Traders will be redirected to a new page where the trader must provide their First and Last name, email address, and mobile phone number.
- Once complete, traders can select ‘Open Demo’, and they will be redirected to the MetaTrader 5 Web Trader where they can immediately make use of the demo account.
A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what AMarkets has to offer.
AMarkets Demo Account Features
AMarkets’ demo account mimics a live trading account. Traders have access to the same functions, features, and options that they normally would on a live trading account.
The only exception is that the demo account is risk-free as traders make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
However, should the trader have opted for the demo account bonus, they will be able to transfer any profits which have been made on their demo account to their live trading account, but only if they opened a demo account on the standard or fixed account type, and the trader has selected to use MetaTrader 4 as their trading platform.
Pros and Cons
|✔️ PROS||❌ CONS|
|Demo account sign-up fully digital||None noted|
|Sign-up completed in minutes|
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What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does AMarkets offer a demo account?
For how long is the demo account valid?
Not indicated. Generally, the demo account is available for 30 days.
Which live trading accounts does AMarkets offer?
- Standard Account
- Fixed Account, and
- ECN Account.
What are the available deposit currencies for a live trading account?