Yes, Z.com 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. Z.com Demo Account practices forex trading in a 100% risk-free environment.
Finding a reputable list about Z.com 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
To register for, and set up a demo account with Z.com, traders can follow a few simple steps.
New accounts are processed via an online application, following established industry standards.
You can open live or demo (also called practice) trading accounts on the website of Z.com and choose what currency to use. Brokers usually require an e-mail and password to complete this initial step. Traders are also able to select their account currency.
Available currencies include USD, GBP, and EUR.
An account verification process is sometimes mandatory as stipulated by regulatory requirements. A copy of a trader’s ID and one proof of residency document usually is enough for this last step. The ‘Know Your Client (KYC) process, may only come into play when you decide to move forward as a trader and work with real money.
Follow these steps for account opening:
- Get ready with your email address
- Select the country of residence and your currency
- Choose that you want to go for a demo account
- Provide basic information about yourself
- Go through the KYC process if requested 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 Z.com has to offer.
Demo Account Features
Z.com’s 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
|✔️ PROS||❌ CONS|
|Properly regulated by the FCA in the UK, SFC, and JFSA||Low leverage for retail clients|
|Demo account can be opened||No Islamic Account available|
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What is the difference between a demo and a live trading account?
A demo account as is offered by broker companies like Z.com is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.
Does Z.com offer a demo account?
Can I convert my demo account to a live trading account with Z.com?
The demo account can be used unlimitedly.
Which live trading accounts does Z.com offer?
- Classic Account
- ECN Account
- ECN Plus Account
- Professional Account
Does Z.com offer an Islamic Account?
No, Z.com does not offer an opportunity to open an Islamic or swap-free account.
What are the available deposit currencies for a live trading account?
USD, GBP, EUR.