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CompassFX Demo Account

Compass FX Demo Account

 

Compass FX does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Compass FX demo account expires after 30 days. The Compass FX Demo account does not virtually fund the demo account.

 

🔎 Broker🥇 Compass FX
🆓 Demo Account✅ Yes
💸 Virtually FundedDepends on the account firm selected
💻 Terminal AccessFull
🚀 Open an Account👉 Click Here

 

Overall Rating

4.2/5

Rated #284 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Meta Trader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Compass FX Demo account – 7 Key Point Quick Overview:

 

  1. ☑️Compass FX Overview
  2. ☑️Compass FX Safety and Security
  3. ☑️Compass FX Demo Account
  4. ☑️Compass FX Customer Reviews
  5. CompassFX Pros and Cons
  6. Compass FX Conclusion
  7. Frequently Asked Questions

 

Compass FX Overview

 

Compass FX Demo account Registration

 

CompassFX Demo Account 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. CompassFX Demo Account practices forex trading in a 100% risk-free environment.

 

Finding a reputable list of CompassFX demo accounts locally 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 trading interface.

 

CompassFX 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.

 

When making use of MetaTrader 4, traders will have access to the various functions, tools, features, and more, which is offered by these trading platforms.

 

Compass FX Safety and Security

 

Compass FX Safe and Regulated

 

Compass FX is regulated by the National Futures Association (NFA) with registration number 0232832. Since being established in 1990 already, it has gained ample experience as a forex trading company that also only makes use of top-tier liquidity providers.

 

🔎 Regulatory Authority📌 Abriviation🌎 Country
🥇 National Futures AssociationNFAChicago
🥈 Australian Securities and Investment CommissionASICAustralia

 

Compass FX Demo Account

 

Compass FX Demo Account

 

Compass FX does offer traders the option of a free demo trading account to practice forex trading in a 100% risk-free environment by selecting one of the firms for the demo, FXCM, Forex.com, and OAND. Various demo accounts expire at 30 days and some on 60 days.

 

🔎 Broker🥇 Compass FX
🆓 Demo Account✅ Yes
💸 Virtually FundedDepends on the account firm selected
💻 Terminal AccessFull
🚀 Open an Account👉 Click Here

 

Overall Rating

4.2/5

Rated #284 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Meta Trader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Compass FX Customer Reviews

 

Good Profit…

I have earned some good profits since I joined Compass Fx. At the moment, my fund grows up to $1050, and I have already made some withdrawals several times. I normally trade on EUR/USD or USD/CAD as it has become my favorite currency pair as well. The platform system is working smoothly, and I also used MT4. The platforms Mt 4 and Mt 5 are working fast and without the broker manipulating the prices. Spreads are tight and the customer staff is very polite.

 

Compass FX Trustpilot Reviews

 

I’ve just started and I already feel…

I’ve just started and I already feel like I’m part of the family. Assistants who are willing to help and sharpen your trading skills.

 

Compass FX Trustpilot 4 stars

 

Friendly staff

It was nice to receive a call from their customer service welcoming me on board and offering help and their contact details 👍

 

Compass FX Trustpilot Reviews

CompassFX Pros and Cons

 

✔️ Pros❌ Cons
Comprehensive and competitive trading conditions despite lack of bonuses and rewardsWelcome bonus, deposit bonus, no deposit bonus, and no other broker bonuses offered with sign-up
Bank Wire Transfer is a trusted method of paymentNo referral bonus offered
Demo account sign-up fully digitalNo trading bonus for loyal customers
The proprietary trading platform is web-basedDemo account expires after 30 days
Well-regulatedNo Islamic account for Muslim traders who follow the Sharia Law.
Demo account Hidden costs
Popular trading platform
Popular trading platform
Competitive trading conditions
Demo account

 

Compass FX Conclusion

 

Overall, Compass FX does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Compass FX demo account expires after 30 days. The Compass FX Demo account does not virtually fund the demo account.

 

You might also like: CompassFX Minimum Deposit

You might also like: CompassFX Sign-up Bonus

You might also like: CompassFX Fees and Spreads

You might also like: CompassFX Account types

You might also like: CompassFX Review

 

Frequently Asked Questions

 

For how long is the Compass FX demo account valid?

The demo account with Compass FX is valid for 30 days.

 

Can you withdraw money from a Compass FX demo account?

Funds cannot be withdrawn from a Compass FX demo account

 

Which live trading accounts does CompassFX offer?

CompassFX offers a Standard account which has a demo account option available

 

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

The following deposit currencies are available for the Compass FX live account: USD/ GBP/ EUR.

 

Can traders from South Africa open a Compass FX demo account?

Compass FX demo account can be opened by South African traders

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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