Yes, FinQ 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. FinQ Demo Account practices forex trading in a 100% risk-free environment.
Finding a reputable list of FinQ 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 free demo account with FinQ is a straightforward process that consists of the following steps:
- Navigate to the demo account application portal on the broker’s website
- Provide basic information, including your name and a created password which you will use to access your demo account in the future
- Select your account currency (the broker website will prompt the currency from the country in which you reside)
- Click on Create 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 with the opportunity to explore what ActivTrades has to offer.
Demo Account Features
The account currencies you can try are USD, RUB, and ZAR, after which there are several other steps to immerse yourself further in the demo. This is what the introductory wizard walks you through, after which you are free to experience the simulated markets in more depth.
The account gives you access to a $10,000 virtual money simulation after entering the initial signup details.
The demo account from FinQ includes the following features and benefits:
- Get fast execution on over 2,100 assets
- Desktop & Mobile Trading
- Daily Analysis: Morning Review
- Access to Forex from anywhere in the world 24 hours a day
- 30 popular technical indicators and 24 analytical objects
- Real-time symbol quotes
- Up to 10 open charts opened simultaneously
- The widest selection of trading applications in the world
- 1 700+ trading robots and 2 100+ technical indicators
- Free and commercial products
Pros and Cons
|✔️ PROS||❌ CONS|
|Easy demo account opening process||The expiry date of the demo account not provided|
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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 FinQ offer a demo account?
Yes, FinQ offers a free demo account to all new traders.
For how long is the demo account valid?
Unfortunately, the broker does not indicate the duration of the demo account’s validity. Customer support should be contacted to confirm the demo expiry date.
Which live trading accounts does FinQ offer?
FinQ offers several diverse types of tailored accounts, including:
- Silver Account
- Gold Account
- Platinum Account
- Exclusive Account
What are the available deposit currencies for a live trading account?
FinQ accepts a variety of different deposit currencies, including smaller currencies such as ZAR (Rand).