AXI Demo Account: Opening & Key Information (2023)
In this article you will be able to find all the info concerning the opening of a demo account with Axi.
The InvestinGoal expert team has evaluated the Axi demo account thoroughly in all areas including account types, asset selection, and a walkthrough guide of the account opening process.
Main features of the Axi Demo Account:
- Valid for 30 days
- It’s totally free
- Easy to open
- Virtual $50000 to invest
- All live account markets and assets available
- Switch to live on the same platform
|Axi demo account||Characteristics|
|Trial duration||30 days (it becomes unlimited if you open a live account)|
|Virtual money amount||$50.000 – customizable|
Visit Axi (Your capital is at risk)
Axi Demo Account Opening Tutorial: Step by step procedure
Our full Axi review looks at the broker in detail. Meanwhile, here is our simple guide on how to set up your Axi demo account with the broker.
Step 1: Visit the Axi’s website
To open a demo account, you need to visit the broker’s website (69.6% of retail CFD accounts lose money). 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. However, you will still be able to follow this tutorial regardless of these differences.
Step 2: Fill the 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.
Step 3: 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.
Step 4: 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.
Axi’s demo account features
The Axi demo account opening process is very simple. The only personal information needed is a valid phone number and email address. The demo account itself is valid for 30 days and multiple demo sub-accounts can be opened with the same email address.
There are around 130 tradable markets and $50,000 virtual money is available as well as the MT4 trading platform. Educational materials are also provided by the broker to speed up learning, such as video tutorials and articles.
Differences between live and demo Axi accounts
Axi only offers one account type for retail traders as demo, which is the MT4 account.
MT4 is the most common forex trading platform thanks to its versatility. It’s totally free for the traders, and it’s provided by the broker once the account is opened. If you’re looking for broker alternatives, we have gathered a list of the best MetaTrader 4 brokers.
The major difference between a live and demo is Slippage, which is the price difference between your requested order price and the real order’s execution price. This happens because in live accounts prices move fastly and as a consequence, your order can be executed at a different price than the initial one. Demo accounts are valid for 30 days. They can get unlimited if you open a live account. If you’re looking for an unlimited demo account, check our selection of the best unlimited demo accounts.
How to switch to a live account
When switching to a live account, your demo account will become unlimited. To open a live account you will need to upload a proof of your identity (Passport, ID or Driver License) and a proof of your residence (Bill utility or bank statement) on the broker’s website. Depending on the country, the broker may need you to fill a questionnaire about your trading knowledge. After your account is approved, you can make your first Axi deposit.
How to best use your Axi demo account
Here are a few tips to help get the most out of your Axi demo account.
- Set up demo account as you would set up a real account in regard to platform, currency, balance, leverage and account type
- Do not open large positions if you are not planning to trade with large amounts of money
- Treat money as if it were real
- Practice daily
- Study and integrate knowledge
Pros and cons of the Axi demo account
- Easy to open
- It is only valid for 30 days
- Only one platform can be used
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