The easyMarkets demo account provides a risk-free environment for traders to practice using virtual funds. The brokerage offers this account to simulate real trading conditions without financial loss. Users create an account through an online registration process that requires basic information and verification. Once completed, they gain access to a fully functional demo trading platform with real-time market data. This setup allows traders to familiarize themselves with easyMarkets’ trading interface and test strategies before transitioning to a live account.
The demo account includes unlimited access to easyMarkets’ proprietary platform and MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Traders receive up to $100,000 in virtual funds to execute trades across forex, stocks, commodities, cryptocurrencies, and indices. The account supports strategy testing, automated trading with Expert Advisors (EAs), and risk-free order execution. Users can reset their account balance at any time, ensuring continuous practice. Educational materials and customer support services are available to help traders develop their skills.
There is no time restriction on the easyMarkets demo account. Traders maintain access as long as they need, allowing them to refine strategies and improve market understanding. The platform remains active even after switching to a live account, providing a practice space alongside real trading. Users can open multiple demo accounts with different setups, but each requires a unique email and username. This flexibility ensures traders gain practical experience before committing real capital.
How to open an EasyMarkets demo account?
There are four steps to open an EasyMarkets demo account. These are visit the EasyMarkets’ website, fill the registration form, verify your profile and login into the demo account. The different steps to open an EasyMarkets demo account are listed below.
First, visit the EasyMarkets’ website (75% of retail CFD accounts lose money). Following the link, you will land on the demo account registration form.
Second, fill the EasyMarkets 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.
Third, 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.
Fourth, 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.
What are the features of the EasyMarkets demo account?
The features of the EasyMarkets demo account are listed below.
- Platform Choices: The EasyMarkets demo account provides users with access to the MetaTrader 4 platform and the EasyMarkets proprietary platform.
- Virtual Funds: In the EasyMarkets demo account, traders are provided with $10,000 in virtual money.
- Tradable Instruments: The EasyMarkets demo account offers access to all tradable instruments available on the platform. This includes forex, shares, commodities, cryptocurrencies, indices and metals to enable users to explore a wide range of trading options.
- Leverage: Leverage is available in the EasyMarkets demo account. Users can test their strategies with leverage options similar to those offered in live accounts, allowing them to understand how leverage affects their trades.
- Real-Time Market Data: The demo account includes real-time market data. This feature enhances the realism of the trading experience within the demo environment.
- Time Limit: There is no time limit on using the EasyMarkets demo account. Traders can practice as long as they need until they feel comfortable transitioning to a live trading account.
- Account Reset: Users can reset their EasyMarkets demo accounts at any time. This feature allows traders to start fresh with a new balance and practice different strategies without any limitations.
- Educational Resources: The EasyMarkets demo account includes educational resources to provide users with tools and materials to enhance their trading knowledge. These resources are designed to help both beginners and experienced traders improve their skills.
- Strategy Testing: Traders can practice various trading strategies on the EasyMarkets demo account.
- Customer Support: Customer support is available for EasyMarkets demo account users. They can access assistance through various channels such as live chat, email, or phone support whenever needed.
The easyMarkets demo account main features and characteristics are detailed in the table below.
| easyMarkets Demo Account | Characteristics |
|---|---|
| Demo available | Yes |
| Trial duration | Unlimited |
| Demo platforms | MT4, MT5 and Proprietary Platform |
| Virtual money amount | Up to $100,000 |
| Customizable features | Yes |
What is the difference between a live and demo EasyMarkets account?
The differences between EasyMarkets demo and live accounts involve real vs. virtual money, emotional impact, and market execution. An EasyMarkets demo account simulates live trading conditions, allowing risk-free strategy testing. The EasyMarkets demo account may not fully replicate slippage, commissions and execution speed of live accounts. EasyMarkets live accounts operate with real-time market dynamics.
In demo accounts, traders practice with virtual money without the fear of losses, while in live accounts, traders operate with real money. This involves financial risks, as losses have a direct impact on traders’ capital.
Demo accounts try to replicate real market conditions, but factors such as commissions and slippage can lead to differences in the market execution compared to live trading. When trading in real, the lack of liquidity can produce differences between the requested order price and the order’s execution price, known as Slippage. 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.
Live trading involves costs, such as commissions and other transaction costs, which affect traders’ earnings, while in the demo account there are no transaction costs and commissions are low.
How to switch from an EasyMarkets demo to an EasyMarkets live account?
There are three steps to switch from an EasyMarkets demo to an EasyMarkets live account. These are to provide proof of your identity, verify your account and make the first deposit. The different steps to switch from an EasyMarkets demo to an EasyMarkets live account are listed below.
First, upload proof of your identity (Passport, ID, or Driver’s Licence) and proof of your residence (Bill utility, or bank statement) to become verified by the broker. Depending on your country, the broker may also ask to fill out a questionnaire about your trading experience.
Second, EasyMarkets will verify your account. This step confirms that your identity and residence have been authenticated.
Finally, after EasyMarkets verification, your account can be funded to start trading. When switching to a live account, your demo will still be available.
How to best use an EasyMarkets demo account?
To best use an EasyMarkets demo account you have to avoid opening large positions, treat money as if it were real, practice daily and use the learning materials offered by the broker.
Start by avoiding the temptation to open large positions when you know you will not be trading with big sums in a live account. This will help you maintain realistic expectations and better manage your capital in the long run.
Always treat the demo funds as if they were real money. By doing so, you learn to be cautious about the risks involved and develop responsible trading habits.
Try to set aside time each day to practice on the platform. Daily use helps you familiarize yourself with different market conditions and sharpen your strategies.
Finally, make sure to study and integrate new knowledge regularly. EasyMarkets offers a range of educational resources that can help you grow your skills and gain deeper insights into the markets.
What are the advantages of an EasyMarkets demo account?
The advantages of an EasyMarkets demo account are listed below.
- Unlimited Accounts: you can open as many demo accounts as you need
- Trial duration: the Easymarkets demo account is unlimited
- Good choice of trading platforms: allows traders to choose between MT4, MT5 and proprietary platform
- Educational Resources: the EasyMarkets demo account includes educational resources, providing users with tools and materials to enhance their trading
- Easy to open: it is a quick procedure, which takes a few minutes
What are the disadvantages of an EasyMarkets demo account?
The disadvantages of an EasyMarkets demo account are listed below.
- Account Limit: you can only open one demo account for email and username
- Lack of real financial risk: traders use virtual money and may not fully understand the importance of risk management
- Lack of the psychological factor: it can lead to a false sense of security
To find out more about easyMarkets’ characteristics, features, pros and cons and opinions, check out our “easyMarkets review“.