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EagleFX Demo Account

EagleFX Demo Account

 

 

 

Overall Rating

4.7/5

Rated #– of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

Unregulated

📱 Trading Desk

Meta Trader 4 

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Yes, EagleFX 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. EagleFX Demo Account practices forex trading in a 100% risk-free environment.

 

Finding a reputable list of EagleFX 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

Opening an EagleFX demo account is an effortless process that consists of the following steps:

  • Before you can create a demo account via MT4 you will need to download MT4 to your windows computer and continue through the installation process. Once installed, proceed with the instructions below.
  • Click on “File”
  • Click on “Open an Account”
  • Select the “EagleFX-Demo” server
  • Proceed by clicking on “Next”
  • Select “New demo account” if it is not already selected
  • Proceed by clicking on “Next”
  • Fill in your account details, select your desired currency in “Account type”, specify how much demo funds you wish, and choose your desired leverage
  • Tick on the “I agree to subscribe to your newsletters” checkbox
  • Proceed by clicking on “Next”
  • Your new demo account details will be shown on the screen. Store these safely so you don’t lose them
  • Proceed by clicking on “Finish”. Once you click finish, you will automatically be logged into your new demo account and can begin trading immediately

 

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 with the opportunity to explore what ActivTrades has to offer.

 

Demo Account Features

EagleFX offers a free demo account that can be used for an unlimited time. Traders can specify their own leverage and virtual fund limit within the MT4 simulation.

In your EagleFX customer profile, on your main menu, you will see links directly to the MT4 platform.

 

Pros and Cons

✔️ PROS ❌ CONS
A demo account grants full access to the advanced MetaTrader 4 platform
Easy demo account sign-up process
Demo account available for an unlimited period

 

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FAQ’s

 

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 EagleFX offer a demo account?

Yes, EagleFX does offer a demo account to new traders at this stage.

 

For how long is the demo account valid?

The demo account can be used for an unlimited time.

 

Which live trading accounts does EagleFX offer?

EagleFX offers one standard account type for all clients.

 

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

Deposits to the live trading account can be made in EUR, GBP, USD, and Bitcoin (BTC).

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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