In this article we will take a look at the BDSwiss demo account from every point of view.
Table of contents
BDSwiss Demo Account Opening Tutorial
Step 1 – Getting Started With Your BDSwiss Demo Account
Firstly you go to the BDSwiss site where you should then click on the Sign Up button or Try Demo Account. Depositing is optional but a demo account will be created for every trader automatically.
Step 2 – BDSwiss Demo Account – What Documents/Information Do You Need?
When you open a demo account, it requires very little information but the only information you do need to provide is a valid email address as well as a valid phone number. Then whenever you feel ready to open a real account, you will need some documentation to prove your identity. These documents include an ID or passport, as well as something to prove your address like a bank statement or utility bill.
Step 3 – Fill In Registration Form
When it comes to the registration form, you must fill in the following information: Full name, Country, Phone, Date of Birth, Email, Password. Once you have completed the registration form you are then free you try the demo. Then when you feel ready, you can deposit real money and move into the live environment.
Step 4 – Confirm The Account Via Email/Telephone
Once you have submitted the registration form, you will get an email to confirm your account details. It is recommended that you check everything is correct before you confirm anything.
Step 5 – First Login to The Demo Account
Once you have confirmed your details and everything is correct you can then open the platform, enter the account details you selected before and use them to log in.
Step 6 – Choosing Your BDSwiss Demo Account Platform
BDSwiss actually allows you to use the trading platform of your choosing. You have a choice between the following: MT4, MT5, BDSwiss WebTrader and BDSwiss Mobile Trading Platform.
BDSwiss Demo Account Review
What Types of BDSwiss Demo Accounts Are Available?
The demo account is strictly available for the Classic Account only, whereas the VIP and Raw accounts are both designed for more experienced traders. Not to mention that they don’t support the use of demo accounts anyway.
BDSwiss Demo Account Features, Restrictions and Differences with the Live Account
Both the demo account and the live account act under the same real-time, live market conditions. This gives traders an accurate representation of how markets react especially for the demo traders. The demo account operates with the use of virtual money, in order to give the demo traders as close to the real thing as possible. The demo account is completely risk free and won’t experience any slippage.
Advantages of Trading with a BDSwiss Demo Account
The most obvious benefit of a demo account is the ability to simulate a live trading environment, without risking any money. You can very easily get started with a demo account, meaning you can get more practice in. Once you become familiar with the tools, you can use them to build an effective strategy.
Does the BDSwiss Demo Account Expire?
The BDSwiss Demo account will expire after 30 days unfortunately, however that doesn’t mean you can’t create new demo accounts to continue practicing with. If you do want to add another demo account or change the total amount of your demo account balance, just contact the support team, via email, phone or LiveChat.
BDSwiss Demo Account FAQs
Is the BDSwiss demo account free?
The BDSwiss demo account is free to open and use. It remains valid for a period of 30 days.
What is the leverage on BDSwiss?
BDSwiss leverage depends on the location and broker entity you are trading with. In the EU, UK, and Australia the maximum available leverage is 1:30. In other locations, the maximum available leverage can be up to 1:500.
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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