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Benchmark Finance Demo Account

Benchmark Finance Ltd Demo Accounts

 

Overall Rating

4.7/5

Rated #222 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Yes, Benchmark Finance 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. Benchmark Finance practice forex trading in a 100% risk-free environment.

Finding a reputable list about Benchmark Finance 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 Benchmark Finance, traders can follow these steps:

  1. Navigate to the Benchmark Finance website and select the option to ‘open a free demo account’ from the homepage.
  2. Traders will be redirected to a new page where they will be informed of the features of the demo account. They will also be provided with the option to download the MetaTrader 5 trading platform.
  3. Once traders have downloaded and installed the trading platform, they can proceed with demo account registration on the trading platform.
  4. Once done, traders can start using the demo account to explore the trading platform and the broker’s offer.

 

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.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what Benchmark Finance has to offer.

 

Overall Rating

4.7/5

Rated #222 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Benchmark Finance Demo Account Features

Benchmark Finance’s 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.

With Benchmark Finance, traders are provided with full access to all tradable financial instruments and provided with the opportunity to experience the financial markets.

Traders can also expect the following:

  • A startup virtual balance of $100,000.
  • The opportunity to trade in real-time market conditions, allowing traders to gain experience.
  • Access to a wide variety of free educational resources.
  • 24/5 dedicated customer support.

 

Pros and Cons

✔️ PROS ❌ CONS
Demo account sign-up fully digital None noted
Sign-up completed in minutes
MetaTrader 5 offered for the purpose of the demo account
Adequate virtual funds offered with the option to add more
Access to all tradable financial instruments
Access to a variety of free educational resources

 

You might also like: Benchmark Finance Minimum Deposit

You might also like: Benchmark Finance Sign up Bonus

You might also like: Benchmark Finance Fees and Spreads

You might also like: Benchmark Finance Account types

 

FAQ

 

What is the difference between a demo and 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 of 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 Benchmark Finance offer a demo account?

Yes.

 

For how long is the demo account valid?

Demo accounts are generally available for a duration of 30 days.

 

Which live trading accounts does Benchmark Finance offer?

  • Retail Account
  • Professional Account

 

What are the available deposit currencies for a live trading account?

  • USD
  • EUR

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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