Demo accounts are great for practice and to get you up to speed before you venture into real trading. When you register a Personal Area, a demo account with USD 10 000 virtual currency is created in the Demo tab of “My Accounts” by default. You may make more demo accounts as there is a very easy way to do this.
Follow these steps to create a new demo account in your Personal Area:
- Log in to your Personal Area.
- Tab over to the Demo section of the My Accounts area.
- Click Open New Account.
- You will be presented with all the account types that demo accounts are available. Click Try Demo under whichever account type you wish.
- On the next page, you can choose which trading platform you would like. You can also set up the leverage, starting balance, account currency, account nickname, and a trading password.
- Click Create an account.
Congratulations, a new demo account will be added to the demo tab in the My Accounts area.
Note that demo accounts are unavailable for Standard Cent accounts.
To learn more about the differences between real and demo accounts, check out this article.