The FXTM demo account allows traders to practice in a risk-free environment using virtual funds while experiencing real-market conditions. FXTM provides this account to simulate live trading without financial risk, offering access to the MetaTrader 4 and MetaTrader 5 platforms. The registration process requires filling out an online form with personal details, selecting account preferences, and verifying the account through email confirmation. Users receive login credentials upon approval, enabling access to the trading platform.
The FXTM demo account provides access to various financial instruments, including forex, stocks, indices, and commodities. The account supports different trading strategies and allows for the installation of expert advisors. It includes customizable leverage and balance settings, reflecting the conditions of a live account. Real-time market data ensures an accurate trading experience. The demo environment excludes trading psychology elements such as emotional decision-making and slippage, which are integral to live trading.
FXTM demo accounts remain active for 14 days if logged into regularly. Inactivity beyond this period results in automatic deletion. Users can transition to a live account by completing identity verification and making an initial deposit. Switching to a live account retains access to the demo version, allowing continued practice alongside real trading.
How to open a FXTM demo account?
There are five steps to open a FXTM demo account. These are to visit the FXTM’s website, fill the registration form, customize the demo account, verify your profile and login into the demo account. The different steps to open a FXTM demo account are listed below.
First, visit the FXTM’s website. It is necessary to visit the FXTM website. Then look for the “open demo account” button to access the account opening form. Click on the button to complete the form with your details.
Second, fill the FXTM registration form. Complete the account opening form by providing your name, surname, phone number, email, country of residence and password. Ensure you choose a strong password that a third-party will find it difficult to guess.
Third, customize the demo account. After completing the form, choose the account type you would like, the account currency, the leverage, the password and the initial balance. Finally, click on the ‘open the account’ button.
Please ensure you provide only genuine information, as fake information may lead to the closure of your account with FXTM.
Fourth, verify your profile. Once you submit your application, the broker will send you an email to confirm your account, alongside your details and provide a link to download the platform. However, you may also download the platform from your FXTM personal area, where you’ll find the whole list of the platforms available. You can download the desktop version of MT4 or MT5, or you can also choose the FXTM WebTrader. The FXTM Webtrader does not require a download.
Last step, login into the demo account. Now, you have a demo account with FXTM. Install the trading platform and use your details to login once it’s ready. If you choose MT4 or MT5, the broker will send you the MetaTrader login details by email. If you chose the FXTM Webtrader platform, just click ‘launch’, add your details and click ‘ok’ in the window which appears to connect your account to the platform. Once all of the above have been done, everything is set for you to start trading with virtual money.
What are the features of the FXTM demo account?
The features of the FXTM demo account are listed below.
- Trading Platforms: FXTM demo accounts offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms provide tools and features for users to practice trading.
- Virtual Funds: The FXTM demo account provides virtual funds for practice. Users can customize the demo account balance within the MT4/MT5 trading platforms or the FXTM back office. The balance consists of virtual funds, which allows users to create their desired balance when opening the account for practice and learning purposes.
- Available Instruments: Almost all of FXTM’s live trading accounts have a demo counterpart, which means a wide range of financial instruments are available. Examples of tradable instruments include currencies, stocks, indices, and commodities. Stock trading is not available on Demo Advantage MT5 and Advantage Plus MT5 accounts.
- Leverage: Leverage is available on the FXTM demo account. Leverage is a tool that can boost trading power by using additional capital offered as a loan. The maximum leverage ratio depends on factors such as the account type and the asset being traded.
- Real Market Conditions: The FXTM demo account operates under real market conditions. This allows users to practice with real-time market data, which is a great way to get to grips with risk management.
- Account Activity: A FXTM demo account will remain active if the user logs in to the trading platform at least once every 14 days. If the demo account is inactive for over 14 days, it will be automatically deleted, and the trading history cannot be retrieved.
- Learning and Support: The FXTM demo account allows users to familiarize themselves with the trading platform. It is a practical way to discover the features of the trading platform and test strategies. FXTM also provides client services, which include trading support to help clients improve as traders.
- Customer Support: FXTM aims to recognize clients’ individual needs and respond to them in the best way possible.
The FXTM demo account main features and characteristics are detailed in the table below.
| FXTM Demo Account | Characteristics |
|---|---|
| Demo available | Yes |
| Trial duration | 14 days |
| Demo platforms | MT4, MT5, Proprietary Mobile App |
| Virtual money amount | Up to $1,000,000 |
| Customizable features | Yes |
What is the difference between a live and demo FXTM account?
The differences between FXTM demo and live accounts involve real vs. virtual funds. A FXTM demo account provides simulated trading without risking money, while a FXTM live account involves real investments with potential gains or losses. The demo account lacks trading psychology exposure and slippage, which are present in live 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.
FXTM offers all their live accounts as demo versions. The account types are Micro, Advantage and Advantage Plus. At the moment, EU traders can only open a professional account, and no demo account is made available. If you’re based in Europe, you might consider choosing a forex demo account alternative.
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. When price changes quickly, your order can be executed at a different price compared to when the order was opened. Slippage will not happen in a demo account because it’s filled with virtual money.
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 $5 fee after 6 months of inactivity, while the demo accounts are valid for 14 days without any cost.
How to switch from a FXTM demo to a FXTM live account?
There are three steps to switch from a FXTM demo to a FXTM 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 FXTM demo to a FXTM 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, FXTM may ask more questions to check your trading experience.
Second, FXTM will verify your account. This step confirms that your identity and residence have been authenticated.
Finally, after FXTM verification, make your first deposit and start trading. When switching to a live account, your demo will still be available.
How to best use a FXTM demo account?
To best use a FXTM 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 exactly as you would a real one, matching platform, currency, balance, and account type to your live trading intentions. This ensures a realistic environment. Consistency in your initial setup builds a strong foundation for learning.
Avoid opening large positions if you don’t plan on trading significant funds later. Oversized trades can give you a misleading sense of security. Keeping position sizes reasonable fosters more disciplined habits.
Treat your demo funds as if they were real. This mindset prevents you from taking risks you wouldn’t normally take. Respecting your virtual balance encourages responsible decision-making.
Make time to practice every single day. Regular trading sessions help you refine strategies, identify patterns, and maintain focus. Consistent practice also accelerates your learning curve.
Study and integrate the knowledge you gain through FXTM’s educational tools. Explore tutorials, webinars, and any additional resources they offer. Combining these insights with daily practice reinforces a deeper understanding of the markets.
What are the advantages of a FXTM demo account?
The advantages of a FXTM demo account are listed below.
- Highly customizable: allows traders to choose the account type, the account currency, the amount of virtual funds and the maximum leverage
- Easy to open: it is a quick procedure, which takes a few minutes
- Account Types: FXTM offers all their live accounts as demo versions. The account types are Micro, Advantage and Advantage Plus
- Knowing the platform: allows traders to learn and familiarize themselves with the platform offered by broker
What are the disadvantages of a FXTM demo account?
The disadvantages of a FXTM demo account are listed below.
- Trial duration: the FXTM demo accounts are valid for only 180 days
- Not available for EU traders: EU traders can only open a professional account, and no demo account is made available
- Lack of the psychological factor: it can lead to a false sense of security
- Ignoring risk management: traders use virtual money and may not fully understand the importance of risk management
To find out more about FXTM’s characteristics, features, pros and cons and opinions, check out our “FXTM review“.