EasyMarkets Demo Account: Opening & Key Information (2023)
easyMarkets are one of the most famous brokers in the industry and they do their best to give traders the best trading environment possible.
In this article, however, we will explain everything about the easyMarkets demo account: features, how to open it, and the functionality of it.
Main features of the easyMarkets Demo Account:
- It’s totally free
- All live account markets and assets available
- You can install EAs
|easyMarkets demo account||Characteristics|
|Demo platforms||MT4, MT5 and Proprietary Platform|
|Virtual money amount||Up to 100.000$|
Visit easyMarkets (75% of retail CFD accounts lose money).
easyMarkets demo account opening tutorial: step by step procedure
The step-by-step guide below takes you by the hand and leads you through the EasyMarkets simple demo account process.
Step 1: Getting Started with Your EasyMarkets Demo Account.
The first step in the demo account opening process is to visit the EasyMarkets’ website (75% of retail CFD accounts lose money). Following the link, you will land on the demo account registration form.
Step 2: fill the registration form
You can complete the form by providing all the required information, or you can use your Facebook account. After confirming the account details, you will be asked to select your country of residence.
You will then be redirected to the webtrader platform of EasyMarkets. The MT4 and MT5 trading platforms can also be selected.
Step 3: verify your profile
After submitting the registration form, you must verify your email address by opening the confirmation link sent to you by the broker.
Step 4: login into the demo account
The login will be automatic once you verify your email or complete the initial registration process. In case this doesn’t happen, simply use the login details you provided to the broker.
If you choose either the MT4 or the MT5 platforms, the broker will send you specific MetaTrader login details to use to enter the platform.
easyMarkets’ demo account features
The easyMarkets demo account opening is very simple. A phone number and email address are all that is required. The demo account duration is unlimited but multiple demo accounts with the same email are not permitted. Almost 200 tradable markets are available with 100,000$ in virtual funds to trade. MT4, MT5 and the proprietary platform can be used and tools such as educational video tutorials are also available.
Differences between live and demo easyMarkets accounts
There are four Demo account options for EasyMarkets users. These are the Standard Account, VIP Account, MT4 Account and MT5 Account. These are not always available to try as a demo account since the availability depends on the traders’ country of residence.
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 can change really fast and as a result, your order can be executed at a different price than when the order was initiated. The demo trial offered is unlimited. You won’t even get charged an inactivity fee if you don’t use it for a long time your live account.
How to switch to a live account
When switching to a live account, the demo account will be available no matter what. To open a live account you will need to upload proof of your identity (Passport, ID, or Driver’s License) and proof of your residence (Bill utility, or bank statement) on the broker’s website. Depending on the country, the broker may ask you to fill out a questionnaire about your trading experience. When your account gets verified by easyMarkets, you can make your easyMarkets first deposit and then start trading
How to best use your easyMarkets demo account
Here are a few tips on how to get the most from your easyMarkets demo account.
- Do not open large positions if you are not planning to trade with large amounts of money
- Treat money as if it were real to not exaggerate and be careful about the risks involved
- Practice daily
- Study and integrate knowledge. easyMarkets provides you with a good deal of educational materials.
Pros and cons of the easyMarkets demo account
- The demo period is unlimited
- Easy to open
- Great educational content
- Only one account per email
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