The Forex.com demo account functions as a simulated trading platform funded with virtual money, allowing users to practice trading without financial risk. Forex.com provides this service to help traders familiarize themselves with market conditions, trading tools, and order execution without committing real capital. The demo account setup process involves registering on the Forex.com website, selecting the demo account option, completing the form, and logging into the platform. Forex.com immediately provides login credentials, enabling users to access the trading environment.
The Forex.com demo account offers access to multiple trading platforms, including the Advanced Trading Platform, MetaTrader 4, and MetaTrader 5. Users receive a virtual balance of $10,000 and can trade all available instruments with real-time market data. The demo environment supports leverage and expert advisor installation. While the Advanced Trading Platform demo lasts for 90 days, MT4 and MT5 demo accounts remain active for 30 days. Forex.com does not allow balance resets after expiration, and users must create a new demo account to continue practice trading. Educational resources and customer support are available.
The Forex.com demo account remains active for a limited time. MT4 and MT5 demo accounts expire after 30 days, while the Advanced Trading Platform demo account lasts for 90 days. After expiration, users lose access to the virtual funds and trading environment. Forex.com does not offer account extensions or resets, requiring traders to open a new demo account if they wish to continue.
How to open a Forex.com demo account?
There are four steps to open a Forex.com demo account. These are to visit Forex.com’s website, fill the registration form, verify your profile and login into the demo account. The different steps to open a Forex.com demo account are listed below.
The first step is to visit Forex.com’s website. Go to the Forex.com homepage. The website’s layout may vary depending on your country, however it will show 2 options: one to open a live account, and one to open a demo account.
Second, fill the Forex.com registration form. After selecting the option to open a demo account, you will be presented with a registration form. Complete it and click ‘Submit’.
Third, verify your profile. This step is optional, since the next page Forex.com shows the username and password, as well as a button to login to the trading platform. Forex.com, however, will also send an email that contains your user details.
Fourth, login into the demo account. The final step is to choose where you want to login. The 3 options available are as follows:
- Web Trading: Login into the webtrader platform of Forex.com. No download is needed, and you can use the user details previously provided by the broker.
- My Account: Login here if you wish to manage your user details or discover more about the broker features and how it works.
- MetaTrader 5: this is a third party trading platform. You can login via webtrader, or download the desktop version. After installation, Forex.com will send you a new username and password to be able to connect to the Forex.com MT5 trading server.
What are the features of the Forex.com demo account?
The features of the Forex.com demo account are listed below.
- Trading Platforms: The Forex.com demo account offers access to several trading platforms: Advanced Trading Platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5).
- Virtual Balance: The Forex.com demo account provides a virtual balance of €10,000, which cannot be customized.
- Tradable Instruments: The Forex.com demo account offers access to all tradable instruments available on the platform.
- Leverage: Leverage is available in the Forex.com demo account.
- Market Data: The Forex.com demo account includes real-time market data to enable users to simulate live trading conditions as closely as possible.
- Time Limit: There is a time limit on using the Forex.com demo account; MT4/MT5 demo accounts last for 30 days, while the Advanced Trading Platform demo accounts last for 90 days.
- Account Reset: The Forex.com demo account cannot be reset after it expires.
- Educational Resources: The Forex.com demo account includes educational resources to help users improve their trading skills.
- Trading Strategies: Traders can practice trading strategies on the Forex.com demo account, which is designed to simulate live trading conditions in a risk-free environment.
- Customer Support: Customer support is available for Forex.com demo account users.
The Forex.com demo account main features and characteristics are detailed in the table below.
| Forex.com demo account | Characteristics |
|---|---|
| Demo available | Yes |
| Trial duration | 30 days |
| Demo platforms | MT4, MT5, Proprietary platform |
| Virtual money amount | $10,000 |
| Customizable features | Yes |
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What is the difference between a live and demo Forex.com account?
The differences between Forex.com demo and live accounts involve real vs. virtual funds. A Forex.com demo account uses virtual funds, removing financial risk and trading psichology, while a live account involves real money. Forex.com live accounts encounter slippage and real-time market execution, unlike demo accounts.
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, the lack of liquidity can produce differences between the requested order price and the order’s execution price, known as Slippage. This can sometimes occur during live trading, but does not occur on a demo account as all funds used are virtual.
In live accounts, traders encounter costs, such as commissions, spread and other transaction costs, which affect traders’ earnings, while in the demo account there are no transaction costs and commissions are low or equal to zero. For Live accounts, there is a $15/month fee after 12 months of inactivity, while the demo accounts are valid for 30 days without any cost.
How to switch from a Forex.com demo to a Forex.com live account?
There are three steps to switch from a Forex.com demo to a Forex.com 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 Forex.com demo to a Forex.com 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, Forex.com may ask more questions to check your trading experience.
Second, Forex.com will verify your account. This step confirms that your identity and residence have been authenticated.
Finally, once you have completed Forex.com verification, make your first deposit and start trading. The Forex.com minimum deposit is $100. When switching to a live account, it is still possible to use your demo account.
How to best use a Forex.com demo account?
To best use a Forex.com demo account you have to choose the platform wisely, avoid opening large positions, treat money as if it were real, practice daily and use the learning materials offered by Forex.com
Start by choosing the platform wisely. Forex.com offers different trading platforms, such as MetaTrader 4, MetaTrader 5, and its proprietary platform. Select the one that best suits your trading style and preferences, as this will help you transition smoothly when you switch to a live account.
Avoid opening large positions unless you plan to trade with significant amounts of money in a real account. It can be tempting to take excessive risks in a demo environment, but doing so may lead to unrealistic expectations and poor risk management habits.
Treat the virtual money in your demo account as if it were real. By simulating real trading conditions, including setting stop losses and calculating risk, you will develop discipline and gain a better understanding of market behavior. This approach helps prevent emotional trading mistakes when you move to a live account.
Practice daily to build experience and confidence. The forex market operates 24/5, and regular engagement will help you become familiar with different market conditions, trends, and price movements. Consistency is key to improving your trading skills.
Take advantage of Forex.com’s educational resources to expand your knowledge. Their detailed educational section provides valuable insights into trading strategies, technical analysis, and risk management. Integrating this knowledge into your demo trading will help you develop a solid foundation before trading with real money.
What are the advantages of a Forex.com demo account?
The advantages of a Forex.com demo account are listed below.
- Good choice of trading platforms: allows traders to choose between MT4, MT5 and its proprietary platform
- Easy to open: it is a quick procedure, which takes a few minutes
- Backtesting opportunities: allows traders to evaluate and optimize strategies to improve future performance
- Risk-Free Environment: allows traders to practice trading techniques and strategies without risking real money
What are the disadvantages of a Forex.com demo account?
The disadvantages of a Forex.com demo account are listed below.
- Trial duration: MT4/MT5 demo accounts are valid for 30 days, while the Advanced Trading Platform demo accounts last for 90 days
- Balance Reset: you cannot reset the AvaTrade demo account balance
- Ignoring risk management: 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
The products and services available to you at FOREX.com will depend on your location and on which of its regulated entities holds your account.
All customer deposits at FOREX.com are kept separate from our own operating funds and distributed across a global network of custodian banks and brokers.