Darwinex Demo Account: Opening & Key Information (2023)

Darwinex, just like every other top-broker, is providing a demo account for all those clients who want to try out in a risk-free environment.

The InvestinGoal review team has taken a detailed look at the Darwinex demo account, the opening process, the demo account types available, and more to provide further insight.

Main features of the Darwinex Demo Account:

• Unlimited
• User-friendly trading platforms
• It’s totally free
• Easy to open
• You can choose the amount of virtual money available
• All live account markets and assets available

Round-Up

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Darwinex demo account opening tutorial: step by step procedure

Getting started with a Darwinex demo account is a quick process. In this step-by-step guide, we will explain how to open one and the information that will be needed. Our Darwinex Review is also available with in-depth information on all aspects of the broker.

Step 1: Visit the Darwinex’s website

To open a Darwinex demo account you will need to visit the Darwinex website (61% of retail CFD accounts lose money). From the homepage, click on the ‘sign up’ button as shown below to initiate the process.

Visit Darwinex (61% of retail CFD accounts lose money)

Step 2: Fill the registration form

At this point, you will complete the registration form for a demo account by entering the following information: The broker requires a username, valid email, secure password, and your country of tax residence.

You will need to choose a username and password, enter a valid email address, and select your country of tax residence. Here, you will also choose the Darwinex entity you want to trade under. Depending on your country of residence, you may or may not be able to select the entity.

Step 3: Verify your profile

The broker will send a verification email to the address you have provided. Confirm your account by clicking the link in this email.

Step 4: Login into the demo account

It is then possible to login to the Darwinex platform where you should go to the summary section and ‘summary’ section, select ‘demo’ under ‘trading accounts’.

Step 5: Customize the demo account

Finally, you will need to select your demo account trading platform. You can choose between MT4 or MT5. Here you can also give a name to the account and both the currency and amount of virtual funds must be selected. Click ‘open account’ to complete the process.

Darwinex will send you the specific login details to log-into the MT4 or MT5 platform.

Darwinex demo account features

The Darwinex demo account opening process is simple. Just a valid email address is needed. The account is unlimited though it can be canceled after 20 days of inactivity. You cannot open multiple demo accounts with the same email address. MT4 and MT5 trading platforms can be used and there are tools and educational materials available though a demo mode for signal providers is not available.

Differences between live and demo Darwinex accounts

With Darwinex, both MT4 and MT5 demo trading accounts are available. The broker does not offer a demo account to signal providers interested in trying out their platform.

Slippage is the difference between your requested order price and the order’s execution price. When price changes quickly, your order can be executed at a different price compared to when the order was opened. Slippage will not happen in a demo account because it’s filled with virtual money.

The demo is unlimited, though it can be canceled after 20 days of inactivity. For live accounts, note that Darwinex does not charge an inactivity fee.

How to switch to a live account

When switching to a live account, you will still get the possibility to use your Darwinex demo. 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) to get verified.

Depending on the country, the broker may ask you to fill a questionnaire about your trading experience. As soon as your account gets verified, you can make the first minimum deposit into your Darwinex account, which is generally $500.

How to best use your Darwinex demo account

Here are a few tips on how to get the most from your Darwinex account.

• Set up the Darwinex demo account as you would set up a real account: balance, currency, platform
• Do not open large positions if you are not planning to trade with large amounts of money
• Treat money as if it were real, as you would in a live account
• Practice daily
• Study and integrate knowledge with the tools offered by the broker.

Pros and cons of the Darwinex demo account

Pros

• Unlimited
• Easy to open
• User-friendly

Cons

• Not available for signal providers