How Does a Demo Account Work?

Whether you are a new or existing client, you can always open a demo account to trade virtual money and see how things work. It's a great opportunity to gain practical experience in Forex trading without risking real capital.

Feel free to try a demo account for all our trading account types: Standard Cent, Standard, Pro, and Raw Spread. In your Personal Area, you can create as many trading accounts as you need, both MT4 and MT5, without any limits.

Opening a Demo Account

Creating a demo trading account is free and will be added to your existing Personal Area, there’s no need to register a new Personal Area.

Just follow these simple steps:

1. Log in to Your Personal Area: If you don't have an account yet, sign up for one.
2. Navigate to Account Operations: Click the My Accounts tab under the Account Operations menu.
3. Open New Account: Click "Open New Account."
4. Select Account Type: Choose the desired account type and platform, then click "Try Demo." Detailed trading terms for each account type are provided.
5. Choose Account Currency: Select the currency for your demo account.
6. Define Leverage: Choose the leverage level for your demo account.
7. Set Password: Create a password containing 8 to 15 symbols, including both uppercase and lowercase Latin letters, at least one digit, and one special character.
8. Set Balance: Define the desired balance for your demo account.
9. Create Account: Complete the process by clicking the "Create Account" button.

Changing the Balance on Demo Account

To adjust the balance on your demo account, you have to:

1. Log in to your Personal Area.
2. Navigate to the Account Operations section located in the left menu box and select My Accounts.
3. Once on the My Accounts page, choose the Demo tab.
4. Select the specific demo account for which you wish to modify the balance, then click "Change Balance."
5. Specify the desired new balance and click "Change." Remember that you can't set the balance below the current amount.

Note: Demo accounts always come with swaps. This article explains swaps and how they benefit your trading strategy.

The Difference Between Demo and Real Account

Quotes on the demo accounts charts are as close as possible to real ones. However, the simulated liquidity differs from the liquidity on the Live server. All trades here are handled internally and do not enter the financial markets.

Real and demo trading accounts have distinct characteristics and rules, particularly concerning account archiving and inactivity. In case of inactivity, your trading account will be archived.

Note: Trading activity will be considered one of the actions: opening, closing, or modifying any position or pending order. 

When and Why to Use Our Demo?

Consider trying a JustMarkets demo account if you want to:

• Refine Your Trading Style: Develop your unique approach to trading.
• Test Strategies: Experiment with various strategies, even the riskiest ones.
• Evaluate Expert Advisors: Assess the effectiveness of your advisors in a safe environment.
• Hassle-Free Trading: Enjoy practicing without the pressure of real money.
• Diversified Trading: Access over 100 instruments, including forex, stocks, and commodities.
• Risk-Free Practice: Gain confidence and skills without risking real money.

Reasons to Move to the Real Account

Although trading on a demo account is a great way to improve your skills and gain knowledge, it cannot fully replicate real trading conditions. Below are the main reasons for moving to the real account.

• Profit Potential: Practice accounts cannot generate real profits. Moving to real-money accounts unlocks the potential for actual earnings and withdrawals.
• Understanding Market Dynamics: Real-money accounts expose traders to genuine market conditions, enhancing their comprehension of factors like slippage and liquidity.
• Market Analysis: Real-money trading encourages comprehensive market analysis and informed decision-making, enhancing traders' skills in identifying trends and patterns.
• Professional Development: For aspiring traders, real-money accounts offer invaluable experience and prepare them for careers in finance or trading.