The GO Markets demo account provides a simulated trading environment with virtual funds, allowing users to experience real market conditions without financial risk. The account setup process involves visiting the GO Markets website, completing the registration form, verifying the account through email or SMS, and selecting a trading platform. Available platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader, supporting desktop and mobile access. Users receive login credentials via email or SMS to access the platform and begin trading.
The demo account includes a $50,000 virtual balance, real-time market data, and access to forex, indices, commodities, and cryptocurrency CFDs. It replicates live trading conditions, excluding slippage and transaction costs. Traders can test strategies, refine skills, and reset the account balance when needed. Educational resources such as video tutorials support platform navigation and trading knowledge. Customer support is available 24/5 for inquiries.
The GO Markets demo account remains active indefinitely, providing ongoing practice opportunities. There are no fees or restrictions on usage duration. The ability to reset the virtual balance ensures continuous access to a risk-free trading environment. Users can transition to a live account by verifying their identity, confirming their residence, and making an initial deposit.
How to open a GO Markets demo account?
There are four steps to open a GO Markets demo account. These are to visit GO Markets’s website, fill the registration form, verify your profile and login into the demo account. The different steps to open a GO Markets demo account are listed below.
First, visit the GO Markets’s website. The first thing you will need to do is head over to the broker’s website. From here you can just click ‘try free demo’ account and you will already be on the way to getting your account open.
Second, fill the GO Markets registration form. You will need to fill out the registration form with your personal information, as well as choose your account type, platform, and currency.
Third, verify your profile. To confirm your GO Markets demo account, you should click the link in the email or SMS the broker will send you after submitting the demo.
Fourth, login into the demo account. Based on your location, you will have a few different trading platforms you can choose for your demo account. MT4, MT5 (both desktop and mobile), and WebTrader are all available. Once you decide on a platform and select it, the platform should download automatically. If this does not happen, you can still download the platform from the website page which appeared after you submitted the registration form.
Finally, simply enter the details you have been sent to your email and SMS and log in to start trading.
What are the features of the GO Markets demo account?
The features of the GO Markets demo account are listed below.
- Trading Platforms: GO Markets offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for its demo accounts. These platforms allow users to experience trading in a simulated environment.
- Virtual Funds: The GO Markets demo account provides $50,000 in virtual funds for users to practice trading. This allows traders to test the platform and trading strategies without risking real money.
- Available Markets: The GO Markets demo account provides access to indices, commodities, forex, and cryptocurrencies as CFDs. Share CFDs are not available on demo accounts.
- Real-Time Market Data: The GO Markets demo account offers real-time spreads and charts. This allows users to experience trading with market data that mirrors live trading conditions.
- Time Limit: There is no time limit for using the demo account. Traders can use the demo account for as long as they need to practice and refine their trading skills.
- Account Balance Reset: Traders can reset their account balance at any time. This allows users to continue practicing without needing to open a new demo account.
- Educational Resources: GO Markets offers a full set of instructive material, including instructional video exercises, to enable users to understand the basic skills when utilizing MT4.
- Strategy Testing: The GO Markets demo account allows you to practice trading strategies. The demo account provides a risk-free environment to test and refine different strategies.
- Customer Support: GO Markets offers 24/5 multilingual client support. Customer support is available to assist demo account users with any questions or issues they may encounter.
The GO Markets demo account main features and characteristics are detailed in the table below.
| GO Markets Demo Account | Characteristics |
|---|---|
| Demo available | Yes |
| Trial duration | Unlimited |
| Demo platforms | MT4, MT5, Proprietary WebTrader Platform |
| Virtual money platform | $50,000 |
| Customizable features | Yes |
What is the difference between a live and demo GO Markets account?
The differences between GO Markets demo and live accounts include the absence of trading psychology exposure in the demo account. The GO Markets demo account also lacks slippage, commissions and transaction costs. Live accounts involve real money, while GO Markets demo accounts use virtual funds.
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.
As for market execution, the main difference between demo and live trading is slippage. Slippage is the difference between your initial requested order price and the actual order’s execution price. Slippage may occur in 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 3 months of inactivity, while the demo accounts are unlimited without any cost.
How to switch from a GO Markets demo to a GO Markets live account?
There are three steps to switch from a GO Markets demo to a GO 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 GO Markets demo to a GO Markets live account are listed below.
First, provide proof of your identity (Passport, ID, or Driver’s Licence) and proof of your residence (Bill utility, or bank statement) to become verified by the broker. Depending on your country, the broker may also ask to fill out a questionnaire about your trading knowledge.
Second, GO Markets will verify your account. This step confirms that your identity and residence have been authenticated.
Finally, after GO Markets 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 GO Markets demo account?
To best use a GO 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 GO Markets.
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 GO Markets’ 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 GO Markets demo account?
The advantages of a GO Markets demo account are listed below.
- Good choice of trading platforms: allows traders to choose between MT4, MT5 and proprietary platform
- 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
- Backtesting opportunities: allows traders to evaluate and optimize strategies to improve future performance
What are the disadvantages of a GO Markets demo account?
The disadvantages of a GO Markets demo account are listed below.
- Account Limit: Traders can only open one demo account at a time
- Lack of the psychological factor: it can lead to a false sense of security
- No slippage: demo accounts allow you to execute orders at the requested price and can lead to unrealistic expectations of the markets
- Ignoring risk management: traders use virtual money and may not fully understand the importance of risk management
To find out more about GO Markets’ characteristics, features, pros and cons and opinions, check out our “GO Markets review“.