The Axi demo account provides a simulated trading environment with virtual funds, allowing users to experience real-time market conditions without financial risk. Axi, a brokerage firm specializing in forex and CFD trading, offers this feature to help traders develop their strategies and familiarize themselves with the MT4 platform before committing real money. The demo account grants access to all markets available on live accounts except for single-stock CFDs, ensuring an extensive trading experience.
The demo account includes $50,000 in virtual funds, real-time market data, and leverage options. Users can practice with forex, commodities, indices, and cryptocurrencies while using analytical tools, charting options, and automated trading strategies. The platform replicates live trading environments, though factors such as slippage and commissions remain absent. Customer support and educational resources, such as webinars and tutorials, help traders optimize their learning experience.
The Axi demo account remains active for 30 days from registration. Users who wish to extend their trial can request an extension through customer support or by opening a live account. While demo accounts serve as an effective training tool, they do not replicate the emotional and psychological aspects of trading with real funds. Traders transitioning to a live account must verify their identity and fund their account to continue trading under actual market conditions.
How to open an AXI demo account?
There are four steps to open an AXI demo account. These are visit the AXI’s website, fill out the registration form, verify your profile and login into the demo account. The different steps to open an AXI demo account are listed below.
First, visit the Axi’s website. To open a demo account, it is necessary to visit the broker’s website. The broker may redirect you to the correct Axi branch that is operating in your country. This means that the website layout may slightly change depending on your country of residence.
Second, fill the AXI registration form. Once you provide the email and phone number, you have to fill out a short registration form. The form will ask you for your name, email address, and phone number. You will also be asked to choose your country of residence and choose the Axi account type you wish to explore.
Third, verify your profile. The broker will send you an email with your login ID, however, unless you open a live trading account, there is no requirement to confirm your profile.
Fourth, login into the demo account. To begin using your demo account, click on “Launch MT4 WebTrader now” in the email or on the homepage of the broker.
What are the features of the AXI demo account?
The features of the AXI demo account are listed below.
- Trading Platform: The Axi demo account offers access to the MT4 trading platform, which is the primary platform available for users to practice trading strategies and familiarize themselves with the trading environment.
- Virtual Funds: Users of the Axi demo account are provided with $50,000 in virtual funds to simulate trading without the risk of losing real money.
- Tradable Instruments: The demo account allows access to all tradable instruments available on the live account, with the exception of single-stock CFDs, thereby providing a comprehensive trading experience.
- Leverage Availability: Leverage is indeed available in the Axi demo account.
- Real-Time Market Data: The Axi demo account includes real-time market data to enable users to trade under conditions that closely mimic live trading scenarios.
- Time Limit: There is a 30-day time limit on using the Axi demo account. It can be extended by funding a live trading account or by contacting customer support.
- Account Reset: Traders can reset their Axi demo accounts to allow them to start fresh if needed, although this may require contacting customer support for assistance.
- Educational Resources: The Axi demo account does include educational resources, such as platform tutorials and webinars, which are beneficial for both beginners and experienced traders looking to refine their skills.
- Strategy Practice: Users can practice various trading strategies on the Axi demo account.
- Customer Support: Customer support is available for Axi demo account users to provide assistance as needed during their practice trading experience.
The Axi demo account main features and characteristics are detailed in the table below.
| Characteristics | Details |
|---|---|
| Demo available | Yes |
| Trial duration | 30 days |
| Demo platforms | MT4 |
| Virtual money amount | $50,000 |
| Customizable features | Yes |
What is the difference between a live and demo AXI account?
The differences between AXI demo and live accounts involve real vs. virtual money. AXI demo accounts simulate trading without actual profits or losses, while live accounts involve real capital with potential gains or losses. Other key differences include exposure to trading psychology and slippage, which are absent in demo accounts.
Demo accounts allow traders to practice in a risk-free environment, while in live accounts, traders trade with real money. This involves financial risks, as losses have a direct impact on traders’ capital.
Demo accounts try to replicate real market conditions, but factors such as commissions and slippage can lead to differences in the market execution compared to live trading. When trading in real, the lack of liquidity can produce differences between the requested order price and the order’s execution price, known as Slippage. This can sometimes occur during live trading, but does not occur on a demo account as all funds used are virtual.
Live accounts are unlimited, while demo accounts are valid for 30 days. They can get unlimited if users open a live account.
How to switch from an AXI demo to an AXI live account?
There are three steps to switch from an AXI demo to an AXI live account. These are to provide proof of your identity, verify your account and make the first deposit. The different steps to switch from an AXI demo to an AXI live account are listed below.
First, provide proof of your identity (Passport, ID, or Driver’s Licence) and proof of your residence (Bill utility, or bank statement) to become verified by the broker. Depending on your country, the broker may also ask you to fill out a questionnaire about your trading knowledge.
Second, AXI will verify your account. This step confirms that your identity and residence have been authenticated.
Finally, after AXI verification,your account can be funded to start trading. The broker does not require a minimum deposit. When switching to a live account, your demo will still be available.
How to best use an AXI demo account?
To best use an AXI demo account you have to set up your AXI demo account as you would set up a real account, avoid opening large positions, treat money as if it were real, practice daily and use all the features and support offered by AXI.
Set up your demo account as you would a real account. Match the platform, currency, balance, leverage, and account type to reflect actual trading conditions.
Avoid opening large positions if you are not planning to trade with significant amounts of money in reality. This keeps your habits realistic and aligned with your true financial capacity.
Treat the funds in your demo account as if they were real. This mindset helps foster discipline and prevents impulsive or unrealistic trading behaviors.
Make time to practice every day. Consistent exposure to market movements allows you to refine your skills and gain confidence in trading strategies.
Regularly study and integrate new knowledge into your routine. Ongoing learning ensures you stay updated and continuously improve your trading approach.
What are the advantages of an AXI demo account?
The advantages of an AXI demo account are listed below.
- Time Limit: Demo accounts are valid for 30 days. They can get unlimited if you open a live account.
- Easy to open: it is a quick procedure, which takes a few minutes
- Knowing the platform: allows traders to learn and familiarize themselves with the platform offered by broker
- Risk-Free Environment: allows traders to practice trading techniques and strategies without risking real money
What are the disadvantages of an AXI demo account?
The disadvantages of an AXI demo account are listed below.
- Trading Platform: Axi offers the possibility to use a single platform, MT4
- Lack of real financial risk: traders use virtual money and may not fully understand the importance of risk management
- Lack of the psychological factor: it can lead to a false sense of security
- No slippage: demo accounts allow you to execute orders at the requested price and can lead to unrealistic expectations of the markets