So, you are thinking of trading with GO Markets? Top choice.
As with most top forex brokers, a GO Markets demo account is available. Getting started with your GO Markets demo could not be easier. Here we have put together an easy and useful step-by-step guide you can follow to get your demo account open and learn more about the account itself.
Let’s take a closer look.
GO Markets Demo Account Opening Tutorial
Opening a GO Markets demo account is as simple as following our easy steps explained below:
Step 1 – Getting Started With Your GO Markets Demo Account
The first thing you will need to do is head over to the broker’s website (50% of retail CFD accounts lose money). From here you can just clock ‘try free demo’ account and you will already be on the way to getting your account open.
Step 2 – GO Markets Demo Account – What Documents/Information do you Need?
Opening a GO Markets demo account you will not need too many things. A valid phone number and email address are all you require.
Of course, if you decide to keep trading and open a live account, you should have proof of identity like a passport, and proof of your address like a bank statement or utility bill. Either way, the process can be quickly completed.
Step 3 – Fill in registration form
The next step in the process will be to complete the registration form. Again, this is quite easy. You just need to complete the registration form as detailed below. In this, you will have to complete your basic details such as name, surname, email, and phone number. You will also select the account type, the currency, and the trading platform of your demo account.
Step 4 – Confirm the account via email/telephone
Once the registration form is complete and submitted, you will receive an email to confirm your account. Within this email, you will also find your ID. Your password will be sent to the phone number you have registered via SMS.
Step 5 – First login into the demo account
Next, it will be time for your first account login after confirmation. Simply enter the details you have been sent to your email and SMS and log in to start trading.
Step 6 – Choosing Your Demo Account Platform
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.
GO Markets Demo Account Review
With the opening steps completed, here is a closer look at exactly what you will find with the GO Markets demo account.
What Types of GO Markets Demo Account are Available?
The GO Markets demo account is available for both GO Plus+ and Standard accounts. With the Standard account, a $100 minimum deposit is needed if you are trading under CySEC, $200 under ASIC and the FSC, or $500 under SVG regulation. The spreads on this account type start from 1 pip with no commission.
A GO Plus+ account requires a $250 minimum deposit under CySEC regulation, or $200 under ASIC and FSC, and has spreads from 0 pips with a 3 AUD or equivalent commission per side.
You can find out more by reading our GO Markets account types guide.
GO Markets Demo Account Features, Restrictions, and Differences with Live Account
The GO Markets demo account almost entirely replicates a live trading account with just a couple of main differences. The first of these is that you will be trading with virtual funds so it is completely risk-free. The second major difference is slippage. This will not occur on a demo account, but in some cases can happen with live trading.
Advantages of Trading with a GO Markets Demo Account
As mentioned, a major advantage to this and other demo accounts is that they are risk-free. In this case, you will have $50,000 in virtual funds to test your strategies and get to know the broker and industry if you need to.
While you do this, you will also have access not only to all tools the broker offers, including real-time spreads and charts but also to some of the best trading platforms in MT4, MT5, and Webtrader. Note that MT5 is available only under FSC, SCA, FSA, and ASIC regulations.
The demo account also gives you access to all account types and assets (though CFD shares trading is not available under CySEC regulation). It is the ideal way to get to know the broker.
GO Markets Demo Account Management
GO Markets Demo Account Expiring Time
The GO Markets demo account is unlimited in terms of time. This is perfect as you never have to worry about account expiration. If you do encounter any demo account issues, the broker support team can also be contacted and are happy to help.