Fusion Markets offer a demo account that is risk-free and available on all account types the broker offers.
The InvestinGoal expert team has closely checked all areas of the Fusion Markets demo account including key features and the opening process to provide some insight for traders.
Main features of the Fusion Markets demo account:
- 30-days trial
- It’s totally free
- Highly customizable
- All live account markets and assets available
- You can install EAs
Table of Content
|Fusion Markets demo account||Characteristics|
|Trial duration||30 days – unlimited after you’ve opened a live account|
|Demo platforms||MT4, MT5|
|Virtual money amount||$10,000 customizable|
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Fusion Markets demo account opening tutorial: step by step procedure
Step 1: Visit the Fusion Markets’ website
You have to visit the Fusion Markets’s website to start the process.
Scroll to the bottom of the website, until you find the option to open a live or a demo account.
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Your capital is at risk
Step 2: Fill the registration form
To complete the registration form you have to provide an email address as well as a password. However, you can choose to login with Google.
Step 3: Login into the demo account
Once the information is sent to the broker, you will be redirected automatically to the broker’s platform. From here, you will be able to open your demo account by going to the ‘accounts’ menu on the left, selecting ‘demo’ and then ‘create one now’.
Step 4: Customize the demo account
Here the broker will require you to select the characteristics of the demo account. These include:
- The Account type
- Trading platform (MT4 or MT5)
- Account currency (you can choose from eight)
- Leverage (up to 1:500)
- Amount of virtual money
Step 5: Verify your profile
Before completing the process, you must also provide your name and last name, as well as telephone number. Fusion Markets will then send the user details by email to connect to the MT4 or MT5 servers.
You’re now completely ready to start using your demo account.
Fusion Markets’ demo account features
The Fusion Markets demo account has a simple opening process. You need to provide your email address and phone number only. There is a 30 days demo account duration, but it becomes unlimited after the opening of a live account. You can open multiple demo accounts with the same email address.
There are more than 250 tradable markets to choose from and $10,000 in virtual currency available. Both MT4 and MT5 trading platforms can be used. There are also more resources available for learning such as a blog and analytical tools.
Moreover a copy trading service is available, through third-party DupliTrade and the proprietary platform Fusion+, though keep in mind that the Fusion+ account is not available as a demo.
Differences between live and demo Fusion Markets accounts
Fusion Markets offers many different account types to users worldwide. Only two of these are offered as demo accounts. The Fusion Markets Classic provides a standard trading experience, while the Fusion Markets Zero is available to try the ECN trading experience.
The main difference between a live and a demo is slippage, which is the difference between your requested order price and the order’s execution price. This happens because since prices change quickly, your order can be executed at a different price compared to when the order was opened. Slippage won’t happen in a demo account because the money involved is virtual.
The Fusion Markets demo account has an expiration period of 30-day unless you fund a live account with a minimum deposit of at least $10. After funding, your demo account becomes unlimited. There is no inactivity fee, but after 90 days of inactivity, the account will be archived.
How to switch to a live account
When switching to a live account, the demo will be extended to unlimited, so it will still definitely be available. To open a live account you will need to upload proof of your identity (Passport, ID, or Driver’s License) and proof of your residence (Bill utility or bank statement) in order to get verified. Depending on the country, Fusion Markets may ask you to fill out a questionnaire about your trading experience.
When the account is verified, you can go on and make the first Fusion Markets minimum deposit: the broker does not require a minimum deposit, so you can fund it with the amount you wish.
How to best use your Fusion Markets demo account
Here are a few pointers on how to get the most from your Fusion Markets demo account.
- Set up the demo account as you would set up a real account: leverage, account type, platform, balance, currency
- Do not open large positions if you are not planning to trade with large amounts of money
- Treat money as if it were real
- Practice daily, study and integrate knowledge through the tools and the learning blog offered by Fusion Markets
Pros and cons of the Fusion Markets demo account
- Highly customizable demo account
- Easy to open
- Available for 30-days only
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