📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Fineco Bank Demo Account

 

 

 

Overall Rating

4.6/5

Rated #512 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

CRR

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Finding a reputable list about Fineco Bank 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 a demo account with Fineco Bank consists of the following steps:

  • Navigate to the Fineco demo account registration page.
  • Registering for a demo account at Fineco follows the same process as setting up a live account. As such, you will need to provide your account details and personal information
  • Your contact details and account verification checklists all build your profile and are part of the broker’s requirement to comply with ‘Know Your Client’ rules.
  • One of the questions asks you to confirm your main country of residence. This information is then used to determine which regulatory body you will be protected by.
  • The final stage of the process involves confirming invitations that are sent to your phone by SMS and to your email account. Once these checks have been completed, you are taken through to the main site.

 

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

The Fineco demo account uses the same setup as the live account. Its PowerDesk platform is a proprietary system that provides an advanced trading environment.

As such, the platform is institution-grade and packed full of powerful trading tools, but also has smooth functionality designed to help beginners.

On the demo account, there are more than 26,000 markets available to trade and a market-leading range of asset types. Each market can be analyzed using an impressively substantial number of 90 trading indicators.

 

Pros and Cons

✔️ PROS  ❌ CONS
Advanced demo account environment Longer demo account opening process
Demo account available for an unlimited period

 

You might also like: Fineco Bank Minimum Deposit

You might also like: Fineco Bank Sign up Bonus

You might also like: Fineco Bank Fees and Spreads

You might also like: Fineco Bank Account types

 

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 Fineco Bank offer a demo account?

Yes, Fineco Bank offers a free demo account to all new traders.

 

For how long is the demo account valid?

There is no time limit on how long you use the demo account.

 

Which live trading accounts does Fineco Bank offer?

The same multi-currency trading account is available for all clients.

 

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

Fineco Bank accepts most global currencies with few exceptions. These include currencies such as ZAR (Rand).

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FINEXO Review

Overall, FINEXO is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97 out