Orbex Demo Account

 

 

How to set up a Orbex Demo Account – Step by Step

 

To register for, and set up a demo account with Orbex, traders can follow these steps:

 

  1. Navigate to the Orbex website and click on the ‘Open a Demo Account’ banner at the top of the homepage.
  2. The trader will be redirected to a new page with an online application where the trader must provide their First and Last name, country of residence, phone number and email address.
  3. The trader can submit the application as is, or the demo account can be adjusted by changing the account type, virtual deposit amount and base country.
  4. Once the trader has entered a phone number, a banner will appear to verify the phone number. A code will be sent via SMS and the trader will have to enter it next to where their country of residence was inserted.
  5. After the trader has completed the required fields and made the necessary selections to their preference, the application can be submitted by clicking on the ‘Submit’ banner.
  6. An email will be sent to the email address that the trader provided, containing an activation link that must be clicked in order to complete demo account
  7. The trader will be redirected to the Orbex website to a new window where a password must be selected in order to log into the MyOrbex Client Portal.
  8. After completing registration, the trader can download MetaTrader 4, install it and use the credentials to log into their Orbex demo account.

 

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 the opportunity to explore what Orbex has to offer.

 

Orbex Demo Account Features

 

The Orbex demo account features will depend on the trading platform that the trader uses, in this case, MetaTrader 4, in conjunction with the demo account.

In other words, the demo account features can be accessed through the trading platform and will depend on Orbex’s offering with regards to asset classes, financial instruments, spreads, leverage, and so on.

 

To gain access to the demo account, the trader has to download the trading platform to either of the following:

 

  • Desktop – MS Windows, Linux, or Mac OS
  • Mobile – Android smartphone or tablet, iOS iPhone, or iPad

 

Should the trader wish to use the Web Trader for either trading platform, access will be provided from the download page for each trading platform, respectively.

As soon as the trader has downloaded their trading platform, they can use the login details provided on the account verification page to log into the trading platform and they will have access to their Orbex demo account.

 

Pros and Cons

 

PROS CONS
1.      Demo account sign up fully digital 1.      None noted
2.      Sign up is quick and hassle-free
3.      Metatrader 4 is a user-friendly trading platform

 

FAQ

 

What is the difference between a demo and 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 Orbex offer a demo account?

Yes.

 

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

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 MyOrbex Client Area.

 

Which live trading accounts does OneRoyal offer?

  • Fixed Account – minimum deposit of $500, leverage up to 1:500, zero commissions charged and fixed spreads from 1.9 pips.
  • Starter Account – minimum deposit of $200, leverage of up to 1:500, zero commissions charged and fixed spreads from 1.7 pips.
  • Premium Account – minimum deposit of $5,000, leverage of up to 1:500, $8 commission charged on trades and spreads form 0.0 pips.
  • Ultimate Account – minimum deposit of $25,000, leverage of up to 1:500, $5 commission charged on trades and spreads from 0.0 pips.

 

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

  • USD
  • PLN
  • GBP
  • EUR, and more