The Markets.com demo account functions as a simulated trading environment with virtual funds, allowing traders to practice without financial risk. Markets.com provides access to a proprietary platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), ensuring compatibility with various trading strategies. The registration process requires users to visit the official website, complete a form with personal details, verify their email, and log in. After verification, traders gain access to a $10,000 virtual balance, enabling them to explore platform features and execute trades under real market conditions.
The demo account includes essential features tailored for learning and strategy testing. Markets.com integrates real-time market data, providing a realistic trading experience. Users can choose leverage settings and trade CFDs across forex, stocks, indices, commodities, and cryptocurrencies. The platform supports seamless switching between demo and live accounts, ensuring a smooth transition. Although trading psychology differs from live accounts, the demo version allows traders to refine techniques, backtest strategies, and evaluate platform functionalities without monetary risk.
Markets.com imposes a 90-day duration limit on demo accounts, requiring traders to open a new account after expiration. This timeframe allows users to familiarize themselves with platform operations and assess market conditions. Unlike live accounts, demo accounts exclude slippage and commission costs, ensuring a controlled environment for learning. Traders seeking an extended trial can create multiple accounts, but each remains subject to the predefined time restriction.
How to open a Markets.com demo account?
There are four steps to open a Markets.com demo account. These are to visit the Markets.com’s website, fill the registration form, verify your profile and login into the demo account. The different steps to open a Markets.com demo account are listed below.
First, visit the Markets.com’s website. To open a Demo account with Markets.com, you need to register and sign up by visiting the Markets.com website (79,90% of retail CFD accounts lose money). To start the process, click on “create account” in the top right corner.
Second, fill the Markets.com registration form. In this step, you will be required to provide a valid email address, and create a password. Then you will need to choose your account type and your preferred account currency. To skip this process, you can also sign up with your Facebook, Google or AppleID.
Then you will be asked to select your citizenship and country of residence, as well as confirming whether or not you’re a US citizen. After making your choices, you will be asked for additional information on your wealth and experience level. This is not mandatory. To skip the process, click on the “x” and you will be redirected to the trading platform.
Third, verify your profile. Once you submit the form, you will get an email with your account details, you can then click the attached link to verify your email address and complete the confirmation of your account.
Fourth, login into the demo account. After completing the second step you will be redirected to the live section of the trading platform which requires you to verify your identity to proceed. To switch to the demo section you must click on the top-right corner menu and select “switch to demo”. You will be able to trade with 10,000 virtual USD. When choosing MT4 or MT5, you just need to download and install it and the broker will send you the specific login details by email to access. the platform.
What are the features of the Markets.com demo account?
The features of the Markets.com demo account are listed below.
- Trading Platform: Markets.com provides a proprietary platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5) for its demo accounts. These platforms allow users to access various financial instruments like forex, indices, commodities, stocks, and cryptocurrencies for CFD trading.
- Virtual Funds: The Markets.com demo account provides users with a virtual balance of $10,000
- Testing Features: Markets.com’s demo account allows prospective clients to test the features and trading conditions of the retail account. Users can also open a demo account alongside a live account to test trading strategies in a risk-free environment.
- Leverage Options: When opening an MT4 or MT5 account through Markets.com, users can choose their leverage for the demo account.
- Real-Time Market: Both demo and real accounts operate under real-time market conditions on Markets.com. The demo account uses virtual funds for practice, unlike a real account where you trade with real funds.
- Time Limit: Markets.com’s demo account is available for free, but it expires after 90 days.
- Learning Platform: Markets.com provides a learning platform designed to equip traders with the knowledge and skills needed for online trading. They offer a comprehensive Trading Basics tutorial. A demo account is also intended for beginners to get familiar with the various aspects of trading.
- Beginner-Friendly: A Markets.com demo account allows traders to learn how to place orders and manage existing trade positions, as well as test and fine-tune trading strategies without risking actual money. It’s highly recommended for beginners to open a demo account until they are comfortable with their trading strategy and the trading platform.
- Customer Support: If traders have any questions about demo accounts or anything else to do with using the Markets.com trading app, they can visit their FAQs or contact their customer support team.
The Markets.com demo account main features and characteristics are detailed in the table below.
| Markets.com Demo Account | Characteristics |
|---|---|
| Demo Account | Yes |
| Trial Duration | Unlimited |
| Demo Platforms | MT4, MT5, Proprietary Platform |
| Virtual Money Amount | $10,000 |
| Customizable Features | Yes |
What is the difference between a live and demo Markets.comaccount?
The differences between Markets.com demo and live accounts involve real vs. virtual funds. A Markets.com demo account provides simulated trading without risking money, while a live Markets.com account involves real investments with potential gains or losses. The demo account lacks trading psychology exposure and slippage, which are present in live Markets.com 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.
As for market execution, the major difference between demo and live accounts is the possibility of slippage. Slippage is the difference between your requested order price and the real order’s execution price. This happens because prices change quickly and as a consequence, your order can be executed at a different price than when the order was initiated. 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 $10/month fee if you’re inactive for 3 months, while the demo accounts are unlimited without any cost.
How to switch from a Markets.comdemo to a Markets.comlive account?
There are three steps to switch from a Markets.com demo to a Markets.com 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 Markets.com demo to a Markets.com 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, Markets.com may ask to fill out a questionnaire about your trading knowledge.
Second, Markets.com will verify your account. This step confirms that your identity and residence have been authenticated.
Last step, make your first deposit and start trading. When switching to a live account, traders will still get the possibility to use your Markets.com demo.
How to best use a Markets.com demo account?
To best use a Markets.com demo account you have to avoid opening large positions, treat the account as if it were real, practice daily and use the learning materials offered by the broker.
Avoid opening large positions if you do not intend to trade with substantial funds. Keeping your position sizes small helps you manage risk more realistically. This approach prevents overconfidence and promotes disciplined trading habits.
Treat your demo account as if it contained real money. This mindset encourages you to make conscious decisions and stick to your strategies. Maintaining discipline during practice builds a solid foundation for live trading.
Set aside time each day to practice and familiarize yourself with market movements. Consistent effort allows you to test different approaches and refine your techniques. Regular repetition is key to staying prepared for real market conditions.
Explore the Markets.com platform thoroughly and utilize the available tools. Look into charting features, trading signals, and any educational materials at your disposal. These resources can deepen your understanding and enhance your overall trading skills.
What are the advantages of a Markets.com demo account?
The advantages of a Markets.com demo account are listed below.
- Trial duration: the Markets.com demo account is unlimited
- Good choice of trading platforms: allows traders to choose between MT4, MT5 and proprietary platform
- Backtesting opportunities: allows traders to evaluate and optimize strategies to improve future performance
- Knowing the platform: allows traders to learn and familiarize themselves with the platform offered by broker
What are the disadvantages of a Markets.com demo account?
The disadvantages of a Markets.com demo account are listed below.
- Limited Accounts: traders can open only one demo accounts
- Ignoring risk management: traders use virtual money and may not fully understand the importance of risk management
- Lack of the psychological factor: it can lead to a false sense of security
To find out more about Markets.com’s characteristics, features, pros and cons and opinions, check out our “Markets.com review“.