The following article is going to show you a step-by-step guide on how to open a demo account on the BDSwiss trading platform.
We will take a look at all the key aspects of the BDSwiss demo account from every point of view.
Main features of the BDSwiss demo account:
- 30-days trial
- It’s totally free
- Easy to open
- Wide array of trading platforms available
- All live account markets and assets available
|BDSwiss demo account
|MT4, MT5, Proprietary platform
|Virtual money amount
Visit BDSwiss (72.5% of retails investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.)
BDSwiss demo account opening tutorial: step by step procedure
We have curated a full BDSwiss review that has comprehensive detail on every aspect of the broker. Here we will focus specifically on the BDSwiss demo account opening.
Step 1: Visit the BDSwiss’ website
Go to the BDSwiss site in order to find the demo account registration form. (72.5% of retails investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.)
Step 2: Fill the registration form
When it comes to the registration form, you must fill in the following information:
- First and last name
- Country of residence
- Phone number
- Date of Birth
Step 3: Verify your profile
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 4: Login into the demo account
Once you have confirmed your details and everything is correct you can then open the platform.
After downloading and installing MT4 or MT5, you will receive the email of the broker with the specific login details to log-into the platform
Step 5: Customize the demo account
The demo account can be customized by logging into your dashboard. If you want you can try other demo account types other than the Classic Account, such as Raw, VIP and, depending on your location, Cent demo accounts.
Select “Add new account” and choose whatever you’d like to open. Set the leverage, and currency level (up to $1,000,000). MT4, MT5 and BDSwiss WebTrader are all available trading platforms.
BDSwiss’ demo account features
The BDSwiss account is very easy to open. Just a valid phone number and valid email address are needed.
The account is valid for 30 days and you cannot open more demo accounts with the same email address. You can open one demo per account type.
There are a total of 200+ tradable markets and virtual funds up to $1,000,000 can be used. MT4, MT5, and a proprietary platform are all available via webtrader and mobile.
Educational tools are also accessible to speed up your learning, including video tutorials and articles.
Differences between live and demo BDSwiss accounts
BDSwiss offers a demo version for each account type. This means Classic, Raw, VIP and, depending on your location, Cent demo accounts are all available.
The major difference between a live and demo is Slippage, which is the difference between your initial requested order price and the actual order’s execution price, due most of the times for how quick the prices move.
The BDSwiss demo account will expire after 30 days. However, you will be able to add another demo account when needed, or change the total amount of your demo account virtual balance. In order to do this you have to contact the support team via email, phone or live chat.
For live accounts, an inactivity fee is charged if you are inactive for 90 days or more, equal to 10% of your account balance.
How to switch to a live account
When switching to a live account, you won’t lose your demo which will still be active.
To open a live account you will need to show proof of your identity (Passport, ID or Driver License) and proof of your residence (Bill utility or bank statement). You will then be verified by the broker.
Depending on the country, the broker may ask you to fill a questionnaire about your trading knowledge.
After you’ve been verified, you can make your first deposit to start trading. The BDSwiss minimum deposit depends on your account type, it goes from $10 to $200.
How to best use your BDSwiss demo account
Here are a few small tips on how to best use your BDSwiss demo account.
- Set up your demo account as you would set up a real account: platform, money, account type, leverage. Choose these characteristics judiciously
- 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 your knowledge by consulting the materials offered by BDSwiss
Pros and cons of the BDSwiss demo account
- Wide range of trading platforms available
- The demo trial can be renewed
- Only the basic account type is available as demo
- It lasts for 30 days only
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