Yes, MARKETSX 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. MARKETSX practice forex trading in a 100% risk-free environment.
Finding a reputable list about MARKETSX 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 brokers 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 MARKETSX, (also known as Markets.com) traders can follow a few easy steps.
You can open live or demo (also called practice) trading accounts on the website Markets.com and choose what currency to use. Markets.com merely requires an e-mail and password to complete the initial step. Traders are also able to select their account currency, and this broker allows completion of this process by using Google, Facebook, or Apple accounts.
Available currencies include EUR, AUD, DKK GBP, NOK, PLN, SEK, USD, ZAR.
You can open a CFD Trading account with MarketsX with your email address or a social media account. Your demo account will be available instantly but approving a live account can take one to three days. New accounts are processed via an online application, following established industry standards.
An account verification process is mandatory as stipulated by regulatory requirements to comply with AML/KYC rules. A copy of a trader’s ID and one proof of residency document usually is enough for this final step.
Given the regulatory track record of Markets.com, traders can fully trust the broker with their personal documents – and deposits.
The first step of the account opening process requires your e-mail address and password. The ‘Know Your Client (KYC) process, only comes into play when you decide to move forward as a trader and work with real money.
Follow these steps for account opening at Markets.com:
1. Get ready with your email address
2. Select the country of residence and your currency
3. Choose that you want to go for a demo account
4. Provide basic information about yourself
5. Go through the KYC process, and get approved.
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 MARKETSX has to offer.
MARKETSX Demo Account Features
MARKETSX’ 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.
Pros and Cons
|Demo account sign-up fully digital||Demo account expires after 30-days|
|Sign-up completed in minutes|
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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 MARKETSX offer a demo account?
For how long is the demo account valid?
Which live trading accounts does MARKETSX offer?
MARKETSX only offers a standard Individual Account and an Islamic Account for Muslim Traders.
What are the available deposit currencies for a live trading account?
- EUR, AUD, DKK GBP, NOK, PLN, SEK, USD, ZAR