Demo Account Review

filippo ucchino Filippo Ucchino calendar Last Updated: May 2022 timer 4 min read 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 Demo account exists among all Account Types available.

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

Table of contents Demo Account Opening Tutorial

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

Step 1 – Getting Started With Your Demo Account

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

Step 2 – 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 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. Demo Account Review

As mentioned earlier, the Demo account offered by 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 Demo Account are Available?

The only trial account available at is the Standard account demo account. 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 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. Demo Account Management

As a prospective 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 demo account trial end? 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.

74-89% of retail CFD accounts lose money

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Leave a Reply

Your email address will not be published.

Keeping you better informed

Find and Compare the Best
Online Brokers for You

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2022 – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap