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iForex Demo Account

iForex Demo Accounts

 

Overall Rating

4.6/5

Rated #436 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSCA 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Yes, iForex 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. iForex practice forex trading in a 100% risk-free environment.

Finding a reputable list about iForexdemo 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

 

Setting up a demo account with IForex can only be done after you activate your real trading account.

The registration process consists of the following steps:

 

  • Go to the iForex website
  • Click on the “Register” link located at the top of the page
  • Complete the form by filling in your details (Email, first and last name, phone, and country)
  • Click “Continue”. You will then see a “please wait for” message and after a few seconds you will be redirected to the next page
  • Fill in the Captcha Code
  • Read and agree to the Trading Agreement
  • Click “Accept and Continue”
  • Thereafter you will see your Username and Password. Click on the “Login” button to enter the trading platform

 

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 the opportunity to explore what the broker has to offer.

 

Overall Rating

4.6/5

Rated #436 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSCA 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

iForex Demo Account Features

The demo account from iForex comes with the following online trading tools:

 

  • Trading charts – help traders make informed decisions with market analysis.
  • Market news – Offers information regarding recent market events.
  • Daily analysis – Provides insight regarding a variety of tradable instruments.
  • Advanced market orders (take profit/stop loss) – Allow you to better manage multiple deals.
  • Market signals – Display market trends, provided by an independent resource.
  • Video tutorials – Feature clear explanations on several aspects of trading.
  • PDF Guides – Cover a variety of topics that are relevant for online investors.
  • You can trade on the go with the iForex trading platform and enhance your experience by downloading the free iForex App, available both on the App Store and on Google Play.

 

 

Pros and Cons

✔️ PROS ❌ CONS
Access to a suite of online trading tools Demo account can only be opened after registering with the broker

 

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You might also like: iForex Islamic Account

 

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 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 iForex offer a demo account?

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

 

For how long is the demo account valid?

The demo account does not appear to expire.

 

Which live trading accounts does IForex offer?

iForex offers a standard Mini account and a VIP account.

 

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

Unfortunately, iForex does not provide any information regarding their accepted deposit currencies.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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