Trading 212 is one of the many top brokers which provide a demo account to their clients, which can be opened in a very easy way.
Here, we have taken a closer look at the Trading 212 demo account, the trading platform offered, and the account opening process itself.
Main features of the Trading212 demo account:
- It’s unlimited
- It’s totally free
- All live account markets and assets available
- You can install EAs
- Proprietary Platform
|Trading 212 demo account
||Trading 212 WebTrader
|Virtual money amount
||Up to $50.000
Visit Trading 212 (76% of retail CFD accounts lose money).
Trading 212 Demo Account Opening Tutorial: Step by step procedure
In this Trading 212 Demo Account opening tutorial, we’ll guide you step-by-step on how to open the account with ease.
Step 1: Visit the Trading 212’s website
The first step in opening a Trading 212 Demo Account is to visit the company’s website (76% of retail CFD accounts lose money). From there, click ‘Open Account’ to start the process.
Step 2: Fill the registration form
Click ‘open account’ in the top right of the broker homepage. This will prompt a ‘profile details’ pop-up as shown below. Complete the personal details requested, and click next.
Step 3: Verify your profile
Once you have completed the registration process for a Trading 212 Demo Account, you can confirm the account by receiving an email or receiving an SMS to your phone number.
It’s not a requirement to confirm your email address or phone number to start practicing with the demo account; however, it’s always recommended to do so.
Step 4: Login into the demo account
As soon as you have completed step 3, you will be automatically redirected to the Trading 212 trading platform.
The first screen will ask if you want to access the Trading 212 CFD or Invest account type. You can easily switch between the CFD trading and Invest version of the Trading 212 Demo Account.
Trading 212’s demo account features
The Trading 212 demo opening process is simple, though the info requested can be a little long.
A Valid email address and phone number are essential to opening the demo account.
The account itself is unlimited in terms of duration and you cannot open multiple demo accounts with the same email address. There are 600+ CFD Tradable markets in the CFD demo and 7000+ real stocks and ETFs in the Invest demo account with $50,000 virtual balance to spend.
The broker’s proprietary platform is also available via web and mobile along with educational materials including video tutorials.
Differences between live and demo Trading 212 accounts
When you open a demo account with Trading 212, you don’t need to decide whether you want a CFD or Invest account.
The broker has no restrictions on which of the two account types you can test and allows you to switch between the two account types in a couple of clicks.
The main difference you’ll meet between a demo and a live account is Slippage. This term refers to the difference between your price’s initial order request and the actual order’s execution price. This happens in live accounts due to the nature of the volatility of prices, but it won’t happen in a demo since it’s filled with virtual money.
The Trading 212 Demo Account is available with unlimited free access to all the instruments and markets available. There is no inactivity fee on live accounts.
How to switch to a live account
When switching to a live account, the demo will still be available for you to use.
To open a live account you will have to give the broker proof of your identity (Passport, ID, or Driver’s License) and proof of your residence (Bill utility or bank statement) on the broker’s website.
Depending on the country, Trading 212 may ask you to fill out a questionnaire about your trading experience which can be a little long.
As soon as your account gets verified, you can fund your account. Trading 212 minimum deposit is $10 for a CFD account and $1 for an Invest account.
How to best use your Trading 212 demo account
Here are a few key points to help you get the best out of your Trading 212 demo account.
- Do not open large positions if you are not planning to trade with large amounts of money
- Treat money as if it were real and behave as if you were trading in a live trading environment
- Practice daily
- Use the video tutorials and educational tools offered by Trading212
Pros and cons of the Trading 212 demo account
- The opening process is quite long