📈 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

LMAX Exchange Demo Account

LMAX Exchange Demo Account

 

Overall Rating

4.6/5

Rated #48 of
Recommended FX Brokers

💰Minimum Deposit

USD 10 000

🌐 Regulators

FCA, CySec

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

How to set up an LMAX Exchange Demo Account – Step by Step

 

To register for, and set up an LMAX Exchange demo account, traders can follow these steps:

  1. Navigate to the LMAX Exchange website and click on the ‘Demo Account’ banner on the homepage.
  2. The trader will be redirected to a new page where they have to select ‘Apply Now’ under the ‘Apply for a Demo Account’ heading.
  3. The trader will be redirected to an online application form where they need to fill in their title, given names, surname, and email address.
  4. As soon as the trader has entered their email address, they must click on ‘Verify’ to have a verification sent to their email address which must be entered on the application before being able to proceed.
  5. After having entered the verification code, the trader can select whether they would like to receive marketing information and proceed to click on ‘Next’.
  6. The next part of the application allows the trader to choose a username and password along with specifying the account currency of their demo account. After completing this part, the trader can click on ‘Submit Application.
  7. The next page will require the trader to log in with the credentials they registered on the previous page and once logged in, the trader will have access to the demo account from where they can utilize it.

 

Trading can be a very intimidating task for beginners without prior knowledge, skill, or experience in trading and through the provision of demo accounts, brokers provide a comprehensive and risk-free environment for beginner traders.

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 LMAX Exchange has to offer.

 

Overall Rating

4.6/5

Rated #48 of
Recommended FX Brokers

💰Minimum Deposit

USD 10 000

🌐 Regulators

FCA, CySec

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

LMAX Exchange Demo Account Features

 

The LMAX Exchange demo account features will depend on the trading platform that the trader uses, in this case, the LMAX Exchange Web-based trading platform, in conjunction with the demo account.

 

Pros and Cons

 

✔️ PROS ❌ CONS
Demo account sign up fully digital None noted
Sign up is quick and hassle-free

 

You might also like: LMAX Exchange Minimum Deposit

You might also like: LMAX Exchange Sign up Bonus

You might also like: LMAX Exchange Fees and Spreads

You might also like: LMAX Exchange Account types

 

FAQ’s

 

What is the difference between a demo and a live trading account?

A demo account provides the trader with a practice account that can be used to practice trading in a risk-free environment.

Demo accounts are often suited for beginners who need to build up experience with trading as well as advanced traders who would like to test their trading strategies and explore the offering of a broker before registering a live account.

 

Does LMAX Exchange offer a demo account?

Yes.

 

Can I convert my demo account to a live trading account with LMAX Exchange?

Yes.

All that you have to do is complete additional information along with providing proof of ID and proof of residence. This can easily be done from the Client Portal/Secure Area.

 

Which live trading accounts does LMAX Exchange offer?

  • LMAX Exchange Global Account can be used by professional traders, broker-dealers, money managers, MT4, and MT5 brokers.
  • LMAX Exchange Corporate accounts for corporations.

 

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

  • AUD
  • CHF
  • EUR
  • GBP
  • HKD
  • USD, and several others.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

eTrader Review

  Overall, eTrader is regulated by CySEC authorities and it has a high trust score of 70 out of 100 and is considered a low-risk

OvalX – Account Types

  OvalX does not offer different account types, and traders at all levels and depositing amounts of all sizes, are offered CFD trading accounts. OvalX

Eurotrader Reviewed

Overall, EuroTrader is regulated by two tier-1 regulators respectively. It has a high trust score of 70 out of 100 and is considered a low-risk

EuroFinance Review

  Overall, EuroFinance offers traders an Individual Live Standard Trading Account that can be used on all three of their trading platforms.EuroFinance does not charge

10 Best Forex Brokers in Botswana

  The Top 10 Best Forex Brokers in Botswana revealed. We have rated and reviewed the best Forex Brokers accepting Batswana Traders.   This is a

Recent Comments