The XTB demo account functions as a risk-free trading environment where users can practice with virtual funds under real market conditions. XTB provides this account to help traders develop strategies and familiarize themselves with its xStation trading platform. Users sign up through a streamlined registration process that requires only basic personal information. The demo account does not require verification, allowing immediate access to simulated trading.
The demo account includes £100,000 in virtual funds, real-time market data, and access to all financial instruments available in live trading, including CFDs on forex, indices, shares, and commodities. The platform mirrors live account conditions, incorporating leverage and advanced trading tools. Educational resources support traders at all experience levels, while a reset option enables users to restart their practice with fresh virtual funds.
The XTB demo account remains active for 30 days before expiring. Users who wish to continue practicing must open a new demo account or contact XTB support to request an extension. Transitioning to a live account requires identity verification and an initial deposit. The demo account allows traders to refine their skills and test strategies before committing real capital in live markets.
How to open a XTB demo account?
There are five steps to open a XTB demo account. These are to visit XTB’s website, fill the registration form, customize the demo account, verify your profile and login into the demo account. The different steps to open a XTB demo account are listed below.
First, visit XTB’s website. Go to the broker’s website and click “demo” in the top right corner of the homepage.
Second, fill the XTB registration form. You will be directed to complete a short registration where XTB requires you to provide a valid email address and your country of residence.
Third, customize the demo account. Once you have completed the very basic registration, you will be directed to a more detailed form. You will be asked for your name, your telephone number, the trading platform you are planning to use, the account type and a secure password.
Again at this step, the broker will not require the trader to provide further information other than a phone number, name, and an email address.
Fourth, verify your profile. This step is optional because XTB won’t require you to confirm the information provided right away. In fact you can already begin trading on your demo account. However, in case you are planning to open a live account and you want to already confirm the account to avoid doing it in the future, you will find the XTB confirmation email in your inbox.
Last step, login into the demo account. XTB should then redirect you directly to the webtrader trading platform. In case it doesn’t redirect you to the trading platform, you should go back to the site and click the login button. Here you will also see the option in the bottom left corner to open a real account at any time once you are comfortable in what you have learned trading through the demo account.
What are the features of the XTB demo account?
The features of the XTB demo account are listed below.
- Platform Access: The XTB demo account offers access to the xStation platform, which is highly regarded for its user-friendly interface and advanced trading tools. This platform allows users to experience trading with virtual funds in a risk-free environment.
- Virtual Money: The XTB demo account provides users with £100,000 in virtual funds. This substantial amount of virtual money allows traders to experiment with various strategies and instruments.
- Tradable Instruments: The XTB demo account offers access to all tradable instruments available on the platform, such as CFDs on FX, indices, shares, and commodities. This comprehensive access allows users to explore different markets and instruments.
- Leverage: Leverage is available in the XTB demo account. This feature allows users to practice using leverage in their trading strategies. This feature is crucial for understanding how leverage can impact trading outcomes.
- Real-Time Market Data: The XTB demo account includes real-time market data, enabling users to follow live market developments and adapt their strategies accordingly. This feature helps traders get accustomed to the fast-paced nature of financial markets.
- Account Duration: If the account remains dormant for 30 days, it will be closed and require reactivation. This ensures that users remain active and engaged with the platform.
- Account Reset: Traders can reset the XTB demo account. This feature allows users to restart their trading experience with fresh virtual funds if needed.
- Educational Resources: The XTB demo account includes educational resources designed to help users improve their trading skills. These resources provide personalized education and support for traders at all levels.
- Strategy Testing: Traders can practice trading strategies on the XTB demo account. The platform is designed to allow users to experiment with different strategies using virtual funds in a risk-free environment.
- Customer Support: Customer support is available for XTB demo account users. This support ensures that users have access to assistance if they encounter any issues or have questions about the platform.
The XTB demo account main features and characteristics are detailed in the table below.
| XTB demo account | Characteristics |
|---|---|
| Demo available | Yes |
| Trial duration | 30 days |
| Demo platforms | xStation |
| Virtual money amount | $100.000 |
| Customizable features | Yes |
Visit XTB
74% of retail CFD accounts lose money
What is the difference between a live and demo XTB account?
The differences between XTB demo and live accounts involve real vs. virtual funds. A XTB demo account provides simulated trading without risking money, while a live XTB account involves real investments with potential gains or losses. The demo account lacks trading psychology exposure and slippage, which are present in live XTB accounts.
In demo accounts, traders practice with virtual money without the fear of losses, while in live accounts, traders operate 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 won’t happen in a demo account because you deal with virtual money.
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 after 1 year of inactivity, while the demo accounts are valid for 30 days without any cost. This period can be extended by contacting XTB customer support.
How to switch from a XTB demo to a XTB live account?
There are three steps to switch from a XTB demo to a XTB 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 XTB demo to a XTB live account are listed below.
First, you need to provide proof of your identity (Passport, ID or Driver License) and proof of your residence (Bill utility or bank statement) to get verified. Depending on the country, XTB may ask you more questions to check your trading knowledge and experience.
Second, XTB will verify your account. This step confirms that your identity and residence have been authenticated.
Finally, make your first deposit and start trading. When switching to a live account, you will still be able to trade through your XTB demo account.
How to best use a XTB demo account?
To best use a XTB demo account you have to set up the demo account as you would set up a real account, avoid opening large positions, treat money as if it were real, practice daily and use the learning materials offered by XTB.
Set up your XTB demo account as you would a real account, choosing the same platform and account type you plan to use. This will help you get familiar with the exact conditions and tools available when you switch to live trading.
Avoid opening large positions if you do not intend to trade with large amounts of money in a real account. Trading with unrealistic amounts can create false expectations and prevent you from developing proper risk management habits.
Treat the money in your demo account as if it were real. This mindset will help you make better trading decisions, control emotions, and prepare for the psychological aspects of live trading.
Practice daily to build consistency and refine your trading skills. Regular use of the demo account allows you to test strategies, understand market movements, and improve your decision-making process.
Take advantage of XTB’s extensive educational materials, many of which are available directly within the demo platform. These resources can enhance your knowledge and help you make the most out of your learning experience.
What are the advantages of a XTB demo account?
The advantages of a XTB demo account are listed below.
- Easy to open: it is a quick procedure, which takes a few minutes
- Account reset: you can reset the XTB demo account
- Educational Resources: XTB demo account includes educational resources designed to help users improve their trading skills. These resources provide personalized education and support for traders at all levels
- Risk-Free Environment: allows traders to practice trading techniques and strategies without risking real money
- Knowing the platform: allows traders to learn and familiarize themselves with the platform offered by broker
What are the disadvantages of a XTB demo account?
The disadvantages of a XTB demo account are listed below.
- Trial duration: the XTB demo accounts are valid for only 30 days
- Account Limit: you can only open one XTB demo account per email and username
- Lack of real financial risk: 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