This article is going to show you a detailed tutorial on how to open an AvaTrade demo account.
Moreover, we have taken an extremely close look at everything the AvaTrade forex demo account has to offer including features and the trial period.
Main features of the AvaTrade Demo Account:
- 21-days trial
- It’s totally free
- Easy to open
- All live account markets and assets available
- User friendly platform
- You can install EAs
|Trial duration||21 days|
|Demo platforms||MT4, MT5, WebTrader, AvaOptions, AvaGO|
|Virtual money amount||10.000 €|
79% of retail CFD accounts lose money
AvaTrade Demo Account Opening Tutorial: Step by step procedure
Step 1: Visit the AvaTrade’s website
The very first thing you should do is head on over to the AvaTrade homepage.
From there, below the button, there’s a link to the AvaTrade demo account registration form.
79% of retail CFD accounts lose money
Step 2: Fill the registration form
The AvaTrade registration form consists of a popup screen. You will be required to fill it out, or you can skip this section by signing up with your Facebook or Google account. You just need a valid phone number, and email address. Then simply accept the Terms and Conditions, and click ‘Create Account’.
Step 3: Verify your profile
When opening an AvaTrade demo account, it is not necessary to confirm your email address right away since you will be directed automatically to your demo account dashboard. You will then receive an email with all your login details, including the metaTrader details, like in the image below.
Step 4: Login into the demo
From your AvaTrade personal profile page you will be able to manage your account funds and information.
On this page you will find the trading platform download button as well as the credentials to connect to the platform itself, which are different from your AvaTrade profile login information.
Step 5: Customize your demo account
The AvaTrade platform can be chosen directly in your account dashboard.
The platforms include AvaTrade MT5, AvaOptions, as well as MT4 and the Webtrader which can also be accessed in the same location. Once the platform is chosen, you will receive an email confirming the registration and the platform login details.
On this page you will find the trading platform download button as well as the possibility to connect to DupliTrade and, depending on your location, ZuluTrade. The AvaTrade Webtrader and initial screen you are greeted with should look just like the image below.
AvaTrade’s demo account features
The AvaTrade demo account opening process is simple. All you need is a valid email address and a phone number. The demo account remains valid for 21 days and another demo account cannot be opened with the same email address.
There are more than 200 tradable CFD assets and more than 10,000 EUR in virtual currency to trade with. MT4, MT5, WebTrader, AvaOptions, and AvaTradeGO platforms are all accessible to trade with. Educational materials as well as the possibility to engage in copy and social trading through AvaSocial or third platforms such as ZuluTrade and DupliTrade are all available too.
Differences between live and demo AvaTrade accounts
AvaTrade provides slightly different account types depending on the region where a trader is based. This is vital for the broker because they are regulated in 6 jurisdictions overall, and within the EU they must remain compliant with ESMA regulations.
The main difference between a live and demo is slippage, which is the amount difference between your requested order price and the effective order’s execution price because of how fast prices change. Slippage won’t happen in a demo account because you deal with virtual money.
The AvaTrade demo account does run out after 21-days. This period can be extended by contacting AvaTrade customer support or you can simply open another demo account. If you are using the Duplitrade platform then the expiration period is 30-days. There is a $50 inactivity fee on live accounts that have not been active in three months.
How to switch to a live account
Firstly, it is important to not that when switching to a live account, your demo account won’t expire. To open a live account you need to upload a proof of your identity (Passport, ID or Driver License) and a proof your residence (Bill utility or bank statement). You may also be asked to complete a trading knowledge and experience questionairre.
Once you account is verified, it can be funded. The AvaTrade minimum deposit is $100.
How to best use your AvaTrade demo account
Here are a few points to note on how to get the most from your AvaTrade account.
- Do not open large positions if you are not planning to trade with large amounts of money, just like you would do in a real trading
- Treat the money as if it were real
- Practice daily to reinforce your trading skills
- Study and integrate knowledge to speed up your learning. AvaTrade offers great educational support.
Pros and cons of the AvaTrade demo account
- Wide range of available platforms
- User friendly mobile platforms
- It lasts for 21 days only
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