Yes, Forex4you 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. Forex4you practice forex trading in a 100% risk-free environment.
Finding a reputable list about Forex4you 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 Forex4you, traders can follow these steps:
- Navigate to the Forex4you website, hover over ‘Trading’, and select ‘open a demo account’.
- Traders will be redirected to a new page where they will be met with information on the benefits of a demo account. To get started, traders can select the ‘open a demo account’ banner below this information.
- A new page will load with an online application requiring the trader’s mobile number, a user-selected password, First and Last name, email address, and country of residence. After entering this information, traders can select ‘Confirm and continue’.
- A verification code will be sent to the mobile number that the trader provided. The code can be entered into the required field and traders can select ‘Confirm and continue’.
- Traders will be taken to their personal area where the details of their demo 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.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what Forex4you has to offer.
Forex4you Demo Account Features
Forex4you’ 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.
The demo account that Forex4you offers can be used on MetaTrader 4. This means that traders will have access to the functions and features as offered on the trading platform.
Traders must note that the quotes provided on the demo account may be different than that on a live account as the quotes sourced on it come from actual liquidity providers.
In addition, traders may not have access to all the features on their personal area until they register a live trading account.
Pros and Cons
|Demo account sign-up fully digital||Access to all features in the personal area limited|
|Sign-up completed in minutes|
|Adequate virtual funds offered with the option to add more|
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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 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 Forex4you offer a demo account?
For how long is the demo account valid?
Demo accounts are generally available for a duration of 30 days.
Which live trading accounts does Forex4you offer?
- Cent Account
- Classic Account
- Cent NDD Account, and
- PRO STP Account.
What are the available deposit currencies for a live trading account?