Almost all well-regulated brokers offer a demo account. This is also the case with Axiory, which provides an unlimited and risk-free demo account with $100,000 in virtual currency to invest.
The InvestinGoal reviewers took a closer look at the broker’s demo account including the account types it is available with, the main features, and the account opening process.
Main features of the Axiory Demo Account:
- It’s unlimited
- It’s totally free
- Easy to open
- Virtual $10000 to invest
- All live account markets and assets available
|MT4, MT5, cTrader
|Virtual money amount
Visit Axiory (Your capital is at risk)
Axiory Demo Account Opening Tutorial: Step by step procedure
Opening an Axiory Demo Account isn’t rocket science. This step-by-step guide will take you through the process in no time. Our Axiory review is also available to give you a thorough run down of the broker.
Step 1: Visit the Axiory’s website
The first step in opening an Axiory Demo Account is to visit the broker’s website (Your capital is at risk). On the website, click “Open a Free Demo” to open the registration form.
New traders can take advantage of the Axiory Demo Account, however this offer isn’t available to traders in multiple areas such as Japan, Canada, North Korea, the EEA, USA, Islamic Republic of Iran, Indonesia, and Belize.
Step 2: Fill the registration form
Opening an Axiory Demo Account requires that you provide details such as your first name, surname, password, country of residence, phone number, and email address.
Once you have filled in and confirmed the registration form, you will be asked to select the trading platform you want to use, and the leverage applied on the demo account, as well as the base currency and Axiory account type you want to try.
Step 3: Verify your profile
Axiory makes it mandatory for all newly-registered members to confirm their account before trading on the platform. The broker will send a confirmation email to you with your login details.
Step 4: Customize the demo account
Once the demo account is verified, you’ll be redirected to a page like the one shown below.
From here you can choose the ‘create demo’ option and follow the instructions. You can customize your demo account by choosing the account type, platform and leverage amont.
Step 5: Login into the demo account
After confirming your account and having received the email with the platform login details, you can login to your trading account or into the trading platform of your choice.
Axiory’s demo account features
The Axiory demo account features include a simple opening process. Your email address and phone number is all the broker needs from you. The account is unlimited and you can open multiple demo accounts with the same email address.
There are more than 250 tradable markets and $10,000 in virtual currency is made available. MT4, MT5, and cTrader are the range of platforms you’ll find while there are also tools to speed up learning with educational materials like video tutorials, lessons and articles. Moreover a copy trading service is available, through a proprietary app, so you can copy the trades of most experienced clients.
Differences between live and demo Axiory accounts
Axiory offers several account types. A demo account can be opened with each of these Axiory account types. The demo account types available may vary depending on a traders location. We have also prepared an Axiory account types guide.
Slippage is the difference between your requested order price and the order’s execution price. Since prices change quickly, your order can be executed at a different price compared to when the order was opened.
The Axiory Demo Account is unlimited and doesn’t expire. This means you don’t need to keep reactivating the account to use it. For live accounts, note that Axiory does not charge any inactivity fee.
How to switch to a live account
When switching to a live account, the demo will still be available for your activities. To open a live account you will need to provide a proof of your identity (Passport, ID or Driver License) and a proof your residence (Bill utility or bank statement) in order to get verified. Depending on the country and on the broker, you may get asked you to fill a questionnaire about your trading experience.
As soon as your account gets verified, you can make the first Axiory minimum deposit, which starts from $10 depending on the account type chosen.
How to best use your Axiory demo account
Here are a few tips on how to get the most out of your Axiory demo account:
- Set up the demo account as you would set up a real account by selecting the leverage, account type and platform you wish
- Do not open large positions if you are not planning to trade with large amounts of money
- Treat money as if it were real in order to prepare for when you’re switching to a live account
- Practice daily
- Study and integrate knowledge thanks to all the educational tools provided by Axiory
Pros and cons of the Axiory demo account
- Multiple demo account types
- Easy to open
- No cons
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