The FBS demo account allows traders to practice in a simulated trading environment using virtual funds. This account replicates real-market conditions, enabling users to develop trading skills without financial risk. Opening an FBS demo account involves visiting the official website, completing the registration form, verifying the profile, selecting trading preferences, and logging into the chosen trading platform. Users must provide basic information, confirm registration details, and customize their account settings before accessing the demo environment.
The FBS demo account provides access to MetaTrader 4 and MetaTrader 5, supporting multiple trading instruments and real-time market data. Users can test strategies, use automated trading systems, and reset virtual balances. Traders have the option to open multiple demo accounts for different strategies. The platform offers leverage to simulate real trading conditions and includes educational resources. Customer support is available to assist users with technical issues or trading-related inquiries.
The duration of the demo account depends on the platform selected. MT5 demo accounts remain active indefinitely, while MT4 demo accounts expire after 90 days. Users can continue using the demo environment as long as they meet platform requirements. A live FBS account remains active unless left inactive for 180 days. Transitioning from a demo to a live account requires identity verification and an initial deposit.
How to open a FBS demo account?
There are five steps to open a FBS demo account. These are to visit the FBS’ website, fill the registration form, verify your profile, customize the demo account and login into the demo account. The different steps to open a FBS demo account are listed below.
First, visit the FBS’ website. First, head to the FBS homepage and then click ‘Open Account’. Your experience on the website may be slightly different depending on your location. If you are based in Europe, you will probably notice a popup that will try to redirect you to the right FBS website.
Second, fill the FBS registration form. After clicking the button, FBS will redirect you to the demo account registration form. Enter your email and full name, and confirm your choices.
After you completed the form, you will be redirected to a page where you will create the password for your personal area.
Third, verify your FBS profile. Confirming the email is necessary before you can activate and log-in to your FBS demo account. A new page with all of your login details will appear. Save your personal details for later. You will also receive an email with the summary of your login details.
Fourth, customize the FBS demo account. Once you have confirmed the email, you will be redirected to a confirmation screen to complete the account opening process. Here you will be asked to select the trading platform (MT4 or MT5), the account currency and the initial virtual balance. The adjustments available may vary depending on the country of residence of the trader.
It is also possible to open a different FBS demo account type. Click the ‘+sign’ that the arrow is pointing at to create a demo account. Note that as a European trader you can choose from the 4 options you see in the image below: Standard, Cent, Pro Standard, or Pro Cent.
As an international trader you can choose a single trading account type for demo trading.
Last step, login into the demo account of FBS. If you have chosen and downloaded the MT4 or MT5 platform, right after the download you will receive the email of the broker with the MetaTrader login details. Use the login details to access the demo account. Below is an image of the initial screen of the MT5 platform which will greet you.
What are the features of the FBS demo account?
The features of the FBS demo account are listed below.
- Platform Access: The FBS demo account provides access to the MetaTrader platform, which is a popular trading software used for executing trades and analyzing financial markets.
- Virtual Money: The FBS demo account is equipped with virtual money. This feature allows users to practice trading without financial risk.
- Tradable Instruments: The FBS demo account offers access to all tradable instruments.
- Leverage: Leverage is available in the FBS demo account. FBS is one of the forex brokers with the highest leverage available.
- Real-Time Data: The FBS demo account includes real-time market data to provide users with a realistic trading environment to practice their skills.
- Time Limit: There is no time limit on using the MT5, allowing users to practice indefinitely without restrictions. MT4 demo accounts are valid for only 90 days.
- Balance Reset: Traders can reset the FBS demo account balance if needed, which is useful for starting fresh with your trading practice.
- Multiple Accounts: Traders can open multiple FBS demo accounts, which can be beneficial for testing different trading strategies or market conditions.
- Educational Resources: The FBS demo account includes educational resources to help users learn and improve their trading skills.
- Strategy Testing: Traders can practice trading strategies on the FBS demo account. It is designed to allow users to experiment with different approaches without financial risk.
- Customer Support: Customer support is available for FBS demo account users to provide assistance and guidance as needed.
The FBS demo account main features and characteristics are detailed in the table below.
| FBS demo account | Characteristics |
|---|---|
| Demo available | Yes |
| Trial duration | Up to 90 days |
| Demo platforms | MT4, MT5, Proprietary platform |
| Virtual money amount | Customizable |
| Customizable features | Yes |
What is the difference between a live and demo FBS account?
The differences between FBS demo and live accounts involve real vs. virtual funds. FBS demo accounts use virtual money for practice, while live accounts involve real capital, with gains or losses affecting the trader’s balance. FBS live accounts also introduce emotional factors, trading fees, and slippage absent in FBS demo environments.
Demo accounts allow traders to practice in a risk-free environment, while in live accounts, traders trade 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, high volatility can produce differences between the requested order price and the order’s execution price, known as Slippage. Slippage won’t happen in a demo account because you deal with virtual money.
As for the time limit, MT4 demo accounts are valid for only 90 days and MT5 demo accounts are unlimited, while the live accounts are closed after 180 days of inactivity.
How to switch from a FBS demo to a FBS live account?
There are three steps to switch from a FBS demo to a FBS live account. These are to provide proof of your identity, verify your account and make the first deposit. The different steps to switch from a FBS demo to a FBS live account are listed below.
First, provide proof of your identity (Passport, ID or Driver License) and proof of your residence (Bill utility or bank statement) to get verified. Depending on the country, FBS may also ask you to fill out a questionnaire about your trading knowledge.
Second, FBS will verify your account. This step confirms that your identity and residence have been authenticated.
Finally, make your first deposit and start trading. The first FBS minimum deposit to start trading is $5. When switching to a live account, traders will still get the possibility to use your FBS demo.
How to best use a FBS demo account?
To best use a FBS demo account you have to set up the demo account, avoid opening large positions, treat money as if it were real, practice daily and study and integrate knowledge.
Set up your FBS demo account as you would a real account. Choose the platform, account type, leverage, and starting balance carefully to match your intended live trading conditions. This will help you gain a realistic experience.
Avoid opening large positions unless you plan to trade with significant amounts in a real account. Trading with unrealistic amounts can create false expectations and hinder your ability to manage risk effectively.
Treat the virtual money as if it were real. This mindset will help you develop discipline and avoid reckless decisions that could lead to losses when trading with actual funds.
Practice daily to build consistency and improve your trading skills. Regular practice allows you to refine your strategies, understand market movements, and develop confidence in your decisions.
Study and integrate new knowledge into your trading routine. Learning about technical analysis, risk management, and market trends will enhance your performance and prepare you for real trading situations.
What are the advantages of a FBS demo account?
The advantages of a FBS demo account are listed below.
- Unlimited Accounts: you can open as many demo accounts as you need
- Easy to open: it is a quick procedure, which takes a few minutes
- Time limit: MT5 demo accounts are unlimited
- Risk-Free Environment: allows traders to practice trading techniques and strategies without risking real money
- Knowing the platform: allows traders to learn and familiarize themselves with the platform offered by broker
What are the disadvantages of a FBS demo account?
The disadvantages of a FBS demo account are listed below.
- Time limit. MT4 demo accounts are valid for only 90 days
- Cannot simulate 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 FBS characteristics, features, pros and cons and opinions, check out our “FBS review”.