Markets.com Demo Account Review

Markets.com is a broker that offers online Forex and CFD broker services to investors and traders alike. Trading is not an easy task, and that’s why the Markets.com Demo account exists among all Markets.com Account Types available.

Furthermore, if you need a broader overview of the broker’s security features and more, check out our Markets.com Review.

Markets.com Demo Account Opening Tutorial

Having talked about the Demo account from Markets.com, it is time to examine a step by step guide on how to open one.

Step 1 – Getting Started With Your Markets.com Demo Account

To operate a Demo account with Markets.com, you need to register and sign up which is easy and straightforward. Just visit the Markets.com website and you will find a top menu bar where you will see “create account” on the top right corner.

Step 2 – Markets.com Demo Account: What Documents/Information do you need?

Since a Demo account is a practice account where traders or investors can get familiar with the features of this broker, the information required is not much. Bearing this in mind, you will need to have ready a valid email address and a valid phone number.

Whenever you feel ready to open a real account you will need some additional documents and these are:

• A proof of identity (ID, Passport or driving license)
• A proof of address (utility bill or bank statement)

Step 3 – Fill in the Registration form

In this step, you will be required to provide certain information such as your full name, valid Email address, country of residence, valid phone number, and then you will be required to create a password. The next thing is to choose your account type and your preferred account currency.

Step 4 – Confirm the account via email/telephone

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. Once this is done, you can instantly get started with practicing your trading skills and strategies.

Step 5 – Logging into the demo account

This is the next step after you have completed the filling of the registration form and selected the demo account. Once you log in, you will find yourself in the webtrader ready to trade and start understanding how the market works.

Step 6 – Choosing Your Markets.com Demo Account Platform

Apart from the webtrader, you may also download the platform for desktop and mobile applications. This way, you can access the Demo account from your PC or your smartphone from wherever you are. You can also use either the MT4 platform or the proprietary platform provided by this broker.

Markets.com Demo Account Review

As mentioned earlier, the Demo account offered by Markets.com is a practice mode that prospective traders or investors can use to test out trading strategies and understand the features available on the various accounts that this broker offers.

What Types of Markets.com Demo Account are Available?

Every account offered by this broker has a corresponding Demo account available thus allowing the traders to acquire specific knowledge that will be useful when they open a live account. MarketsX and MarketsI accounts are available in the Demo version while the Demo account is also available on both the MetaTrader platforms and the proprietary platforms that Market.com provides.

Markets.com Demo Account Features, Restrictions and Differences with Live Account

Despite the fact that the Demo account is more or less a practice account, it actually operates under real-time market conditions found while trading with a live account. This way, the trader gets a genuine understanding of how the market works in relation to changing market conditions before completely venturing into it thanks to the use of virtual funds.

In terms of differences between a Demo account and a live account, there is a phenomenon known as slippage which is defined as the difference between the expected price of a trade and the actual price at which it gets executed which can occur due to capricious market conditions. This slippage is absent in a Demo Account but it is very much present in a live account.

Advantages of Trading with a Markets.com Demo Account

Simulate a Live Trading environment, without risking real money which means the trader enjoys working with real market conditions but without the associated risks of a live account.

The trader can get started very quickly, thus giving him or her enough time for practicing and getting familiar with the broker’s features.

With the constant use and familiarity, the trader can build and acquire an understanding of the tools that can be used to enhance the possibility of profit.

Markets.com Demo Account Management

As a prospective Markets.com trader, you must know some of the intricacies attached to operating a demo account with this broker so that you can know the best way to manage it.

Does the Markets.com demo account trial end?

Markets.com Demo account is unlimited and there’s no end to its accessibility. However, if you are inactive for 90 days your Demo Account will be disabled which is to be expected because if you are not using the account for an extended period, then it is within the broker’s right to close the account. And considering how beneficial the demo account is, as a trader, you will do well to utilize the opportunities it offers.