Yes, NordFX 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. NordFX practice forex trading in a 100% risk-free environment.
Finding a reputable list about NORDFX 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
You can register a demo account with NordFX in the following ways:
- In the trading terminal MetaTrader 4 when you run it for the first time. The window of the demo account registration appears when you first start the trading platform. Upon completion of the registration procedure, the data of the demo account will be displayed.
In addition, you will receive a message with the account password, by internal mail in the trading terminal. The message can be read in the “Terminal” window, in the “Mailbox” tab.
- At any time, in the trading terminal MetaTrader 4. The demo account Registration Form can be opened using the “File” menu – “Open an Account” or right-click on the “Accounts” section in the “Navigator” window and select “Open an Account”.
- A demo account for MT4 can also be opened in the real account Trader’s Cabinet. To do this, use the appropriate sections of the “Open a MetaTrader 4 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.
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 beginner traders, but it provides more advanced traders the opportunity to explore what NORDFX has to offer.
NORDFX Demo Account Features
Demo accounts are free of charge and have no restrictions as for time validity. It is necessary to consider that if the demo account is inactive for more than 14 days, it will be removed. You can open a new demo account in this case.
Pros and Cons
|✔️ PROS||❌ CONS|
|A demo account is available for an unlimited period of time||Demo account does expire after 14 days of inactivity|
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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 NORDFX offer a demo account?
Yes, NORDFX offers a demo account to all new traders.
For how long is the demo account valid?
The demo account from NordFX is available for an unlimited period of time but will expire after 14 days of inactivity.
Which live trading accounts does NORDFX offer?
Fixed Account, Pro Account, or Zero Account.
What are the available deposit currencies for a live trading account?
The broker has a limited number of deposit currencies, consisting of USD and EUR only. Traders depositing with UnionPay can use CNY.