If you are looking for all the useful info on how to open and set a demo account with Vantage, you have found the right article.
Our team of industry experts has reviewed the Vantage demo account and all the features you can expect to find including trading platforms, available assets, and the account opening process.
Main features of the Vantage demo account:
- Unlimited trial
- It’s totally free
- Easy to open
- All live account markets and assets available
- Wide range of accounts and platforms
- You can install EAs
|Vantage demo account
|Virtual money amount
||Up to $100.000
Visit Vantage (74-89% of retail CFD accounts lose money).
Vantage Demo Account Opening Tutorial: Step by step procedure
Find below a step-by-step guide on opening and operating a demo account on the Vantage trading platform.
Step 1: Visit the Vantage’s website
You need to visit the Vantage official website (74-89% of retail CFD accounts lose money). On the landing page, click on the “demo account” button in the top right corner of the page. Clicking the button will begin the process of creating a free trial account.
Step 2: Fill the registration form
The next step is to complete the Vantage demo account opening form and provide your full name, country of residence, email address, and phone number.
Step 3: Customize the demo account
The next step is to choose the trading platform and the type of demo account.
Vantage offers a platform between MT4 and MT5, and allows you to choose an account type between Standard Pro and Raw ECN.
Vantage will then give the option to choose the currency of the account. This will be used to provide the amount of virtual money to trade on the demo account (also selectable in this menu).
The leverage must also be selected, remembering that the maximum levels selectable will depend on the trader’s residence. Australian traders, for example, will be able to select leverage up to 1:30 according to ASIC regulations.
Click “next” on the bottom of the page to go to the next section.
Once the process is complete, we will be redirected to the user area of the Vantage platform.
From here we could manage not only demo accounts, but also the user profile and settings.
From this menu Vantage will give the possibility to download the chosen trading platform (MT4 or MT5), and they will send us the login credentials by email.
If you don’t want to download the platform, Vantage provides the webtrader version, which is a version of MT4 or MT5 that can be used directly from the browser and is very similar to its desktop counterpart.
Step 4: Login into the demo account
Use the login details in received by email from the broker to enter your demo and start using it.
Vantage’s demo account features
The Vantage demo account has a simple opening process.
A valid phone number and email address are all that are needed. There is an unlimited demo account duration and you can open multiple demo accounts with the same email address to trade on 180+ markets with virtual money available up to $100,000 available.
Both MT4, MT5 trading platforms can be used and there are also tools to speed up learning such as educational materials like video tutorials.
Moreover, copy trading is available through third parties such as ZuluTrade, Duplitrade, myfxbook.
Differences between live and demo Vantage accounts
Vantage has three demo account types with unique features that you can choose from. It includes the Standard STP account, and two ECN accounts, the Raw ECN and Pro ECN. The Raw ECN account, and the Pro ECN are both available as a demo account.
The major difference between a live and demo is Slippage, which is the amount difference between your requested order price and the real order’s execution price. This happens because prices in live accounts move fastly and as a consequence, your order can be executed at a different price than when the order was initiated.
The unlimited demo won’t expire. Live accounts doesn’t charge inactivity fees either.
How to switch to a live account
When switching to a live account, your demo account will still remain available for you to use.
To open a live account you will need to provide the broker with proof of your identity (Passport, ID, or Driver’s License) and proof of your residence (Bill utility or bank statement).
Depending on the country, Vantage may ask you to fill out a questionnaire about your trading knowledge.
As soon as Vantage verifies your account, you can fund it and start trading. The Vantage minimum deposit is $100.
How to best use your Vantage demo account
Here are some tips on how to get the most out of your Vantage demo account right away.
- Set up the demo account with Vantage as you would set up a real account including platform, currency, balance and account type
- Do not open large positions if you are not planning to trade with large amounts of money
- Treat money as if it were real
- Practice daily, study, and integrate knowledge with the help of the Vantage’s educational materials
Pros and cons of the Vantage demo account
- Wide range of platforms and accounts
- Easy to open