FP Markets Demo Account

filippo ucchino Filippo Ucchino calendar Last Updated: March 2022 timer 4 min read

In this Article we’re going to talk about the FP Markets Demo Account.

Selecting a Forex Broker is never an easy task, and that’s why many choose to open a demo account first.

Whether you’re a beginner or an expert trader, here’s our guide and tutorial on the FP Markets Demo account.

If you’re also interested in other FP Markets features, you should also read our FP Markets Review where we disclose not only the FP Markets Account Types available, but also the costs, the security of the broker, and many other things.

Table of contents

FP Markets Demo Account Opening Tutorial

Opening an FP Markets demo account is quite easy:

Step 1 – Getting Started With Your FP Markets Demo Account

First of all, Visit the the FP Markets website. The link will lead you to the homepage. From there, click “try a free 30 day demo” under the “start trading button”.

fp markets try free demo

Step 2 – FP Markets Demo Account – What Documents/Information do you Need?

FP Markets requires no documents in order to let you open a demo account with them. It just requires very basic information such as:

  • A valid email address
  • A valid phone number

Whenever you feel ready to open a real account you will need some documents:

  • An proof of Identity (ID or Passport)
  • A proof of residence (a bill or a bank statement)

Step 3 – Fill in registration form

Of course, FP Markets will ask you to fill the registration form providing some information. They will ask you personal information such as:

  • Full name
  • Email address
  • Country
  • Phone

Then you must choose additional options for your demo account:

  • Trading platform (MT4, IRESS, Webtrader)
  • Account Type
  • Base Currency of the Account

Step 4 – Confirm the account via email/telephone

Once you’re done with the demo account registration form and you submit the information, FP Markets will send you an email with all the account details you need to login into your brand new FP Markets demo account.

Step 5 – First login into the demo account

In order to login, you have to simply open your selected trading platform, launch it, and insert the information FP Markets has provided.

FP Markets Demo Account Review

What Types of FP Markets Demo Account are Available?

FP Markets offers quite a large number of account types. The FP Markets Standard and Raw accounts are the most common among day traders thanks to the MetaTrader 4 availability. With this account you will be able to trade thousands of CFDs with low spreads in the great trading environment offered by FP Markets, which is among the best ecn forex brokers.

If you’re based in Australia and you’re interested in Stockbroking, you might be interested in trying the FP Markets IRESS demo account, which is an account designed for real shares trading through the IRESS platform.

FP Markets Demo Account Features, Restrictions and Differences with Live Account

The FP Markets demo account does not differ from a live account. Of course, the only difference is that live accounts have to be funded with real money bringing the risk of trading within a real environment.

Another difference that only expert traders may notice, is that slippage may rarely occur in live account, but not in demo trials. This is because slippage is the difference between the asked price and the price the trader actually gets to pay, which is of course not possible when trading positions are virtual.

A part from this, the FP Markets demo account has every benefit you would expect from an account funded with real money.

Advantages of Trading with an FP Markets Demo Account

The advantages of trading with an FP Markets demo account are crystal clear:

In a simulated environment there’s no risk in losing money, and this is a great advantage for beginners.

Demo accounts help the trader getting started very quickly. allowing him to practice his trading skills and financial markets understanding, before funding the account with real money.

FP Markets Demo Account Management

FP Markets Demo Expiring time

The FP Markets demo account lasts for about 30 days, though within some countries this limit may not exist. In other words, the demo trial does not actually ends.

Anyway, in case you find yourself in a country where the demo trial lasts for 30 days only, don’t worry! Since it’s completely free, you can open another one as soon as the previous trial ends.

If you’re interested in opening an unlimited demo account, you can take a look at our best demo accounts top 10 article.

74-89% of retail CFD accounts lose money

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Leave a Reply

Your email address will not be published.

Keeping you better informed

Find and Compare the Best
Online Brokers for You

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2022 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap