The FP Markets demo account provides a risk-free trading environment using virtual funds to replicate real market conditions. FP Markets offers this account to help traders familiarize themselves with trading platforms and market dynamics without financial exposure. The account setup requires basic personal information, and no documents are necessary for registration. Users select their preferred platform, account type, and base currency during the setup process. After completing the registration, FP Markets sends login credentials via email, allowing traders to access their demo accounts through MetaTrader 4, MetaTrader 5, or WebTrader.
The FP Markets demo account includes $100,000 in virtual funds, which users may customize based on their trading preferences. The account provides access to all available tradable assets, including forex pairs, commodities, indices, and cryptocurrencies. It supports automated trading with Expert Advisors (EAs) and offers real-time market data to enhance strategy testing. Users can select leverage levels that align with those in live accounts to simulate different trading scenarios. The demo account includes customer support and educational resources to help traders refine their strategies and improve their skills.
The FP Markets demo account remains active for 30 days. Users must create a new demo account upon expiration if they wish to continue practicing. Unlike some brokers, FP Markets allows unlimited demo account creation, ensuring traders can repeatedly test strategies before transitioning to a live account. The demo account remains accessible as long as users remain active during the trial period.
How to open a FP Markets demo account?
There are five steps to open a FP Markets demo account. These are visit FP Markets’ website, fill the registration form, customize the demo account, verify your profile and login into the demo account. The different steps to open a FP Markets demo account are listed below.
First, visit FP Markets website (74-89% of retail CFD accounts lose money). The link will lead you to the homepage and from there you will be able to select the option to open a demo account. If you’re based in the European Union, the broker may ask you if you want to be redirected to the website run by the CySEC regulated branch of FP Markets.
Second, fill the FP Markets registration form. FP Markets requires no documents in order to let you open a demo account with them. It just requires very basic information, such as first and last name, a valid email address, country of residence, nationality and preferred language and a valid phone number.
Third, customize the demo account. Here you will have to complete the form with some personal information such as your password. You must also choose some additional options related to your demo account including:
- Trading platform: traders can choose between MT4, MT5 and cTrader
- Account Type: traders can choose between Raw and Standard
- Base Currency of the Account: the available currencies are USD, EUR, GBP, AUD, SGD, CAD and PLN
Fourth, verify your profile. FP Markets will send you an email with all the account details you need to login into your demo account.
Last step, login into the demo account. Open your selected trading platform, launch it, and insert the information FP Markets has provided. If you choose and download either MT4 or MT5, the broker will send you the MetaTrader login details you will need to enter the platform. The below image is what you should see when you login to the webtrader platform of FP Markets.
What are the features of the FP Markets demo account?
The features of the FP Markets demo account are listed below.
- Platform Access: The FP Markets demo account provides access to two trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader and cTrader.
- Virtual Funds: In the FP Markets demo account, users are provided with $100,000 in virtual money at sign-up. This amount can be customized based on the user’s preferences when registering for the demo account on either the MT4 or MT5 platforms.
- Tradable Instruments: The FP Markets demo account offers access to all tradable instruments available through their live accounts. This includes a wide range of forex pairs, commodities, indices, and cryptocurrencies.
- Leverage: Leverage is available in the FP Markets demo account. Users can select leverage levels that mirror those offered in live accounts to enable them to practice trading with varying degrees of risk exposure.
- Real-Time Market Data: The demo account includes real-time market data, which allows traders to simulate trades based on current market conditions. This feature is essential for practicing trading strategies effectively and understanding market dynamics.
- Time Limit: There is no time limit on using the FP Markets demo account. Unlike many brokers that impose restrictions, FP Markets allows users to maintain their demo accounts indefinitely, provided they remain active.
- Reset Feature: Users can reset their FP Markets demo accounts if needed. This feature allows traders to start fresh with a new virtual balance or trading strategy whenever they choose.
- Educational Resources: The FP Markets demo account does include educational resources, which are beneficial for both beginners and seasoned traders. These resources may include tutorials, webinars, and articles that help users enhance their trading knowledge and skills.
- Strategy Practice: Traders can practice trading strategies on the FP Markets demo account. The environment is designed to allow traders to test various approaches without risking real money, making it an ideal platform for strategy development.
- Customer Support: Customer support is indeed available for FP Markets demo account users. Traders can contact customer service for assistance with any issues or inquiries related to their demo accounts or trading platforms.
The FP Markets demo account main features and characteristics are detailed in the table below.
| FP Markets Demo Account | Characteristics |
|---|---|
| Demo available | Yes |
| Trial duration | 30 days |
| Demo platforms | MT4, MT5, cTrader, WebTrader |
| Virtual money amount | $100,000 |
| Customizable features | Yes |
What is the difference between a live and demo FP Markets account?
The differences between FP Markets demo and live accounts involve real vs. virtual funds. A FP Markets demo account provides simulated trading without risking money, while a live FP Markets account involves real investments with potential gains or losses. The demo account lacks trading psychology exposure and slippage, which are present in live FP Markets 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.
The FP Markets demo trial lasts for 30 days. However, it’s possible to open a new one when the previous one expires. For live accounts, there is no inactivity fee.
How to switch from a FP Markets demo to a FP Markets live account?
There are three steps to switch from a FP Markets demo to a FP Markets 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 FP Markets demo to a FP Markets 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, FP Markets may ask more questions to check your trading experience.
Second, FP Markets 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 FP Markets minimum deposit of at least $100. When switching to a live account, your demo will still be available.
How to best use a FP Markets demo account?
To best use an FP Markets demo account you have to set up the demo account as you would set up a real account, avoid opening large positions, treat money as if it were real, practice daily and use the learning materials offered by the broker.
Set up your demo account just like a real one. Choose the same platform, currency, and account type you plan to use in a live environment. This ensures you get accustomed to the exact settings and conditions you’ll encounter later.
Avoid opening large positions if you don’t intend to trade with substantial funds in a real account. Keeping your trade sizes realistic prevents developing habits based on inflated balances. It also helps maintain discipline and prudent risk management.
Treat the demo balance as if it were genuine money. Approaching it with this mindset encourages careful decision-making. This habit fosters the discipline you need when actual capital is at stake.
Practice every day to solidify your skills. Regularly testing and refining strategies under different market conditions enhances your familiarity with the platform. Consistent practice builds confidence and improves overall proficiency.
Study and incorporate the educational tools offered, including the copy and social trading features on MT4 and MT5. Applying what you learn in a demo setting reinforces knowledge. Combining practice with these resources broadens your understanding and trading perspective.
What are the advantages of an FP Markets demo account?
The advantages of an FP Markets demo account are listed below.
- Good choice of trading platforms: allows traders to choose between MT4, MT5, cTrader and Webtrader
- Highly customizable: allows traders to choose the account type, the account currency, the amount of virtual funds
- Backtesting opportunities: allows traders to evaluate and optimize strategies to improve future performance
- User-friendly: traders can easily manage their virtual portfolio thanks to a clean and simple interface
What are the disadvantages of an FP Markets demo account?
The disadvantages of an FP Markets demo account are listed below.
- Trial duration: the FP Markets demo accounts are valid for only 30 days
- 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
To find out more about FP Markets’ characteristics, features, pros and cons and opinions, check out our “FP Markets review“.