Moreover, you will even provide details about how you plan to fund the trading account. You will have to answer a number of questions to allow FxPro to analyze whether you meet the essential requirement for opening a demo account. It gives the expert traders an opportunity to try trading different assets without losing much. Now that you have knowledge of the meaning of a demo account, let’s move towards opening a FxPro demo account.
Features of a FxPro demo account
You can locate this option under the ‘Join Now’ button on the homepage. The customer support xcritical website of FxPro is one of the major reasons why people choose the broker. Even when you are handling a demo account, there are high chances that you may face a number of problems. When you come across such problems, you will require the support of experts. You are recommended to stay on demo between 5–10 months for you to get familiar and learn the best trading strategies without actually losing real money.
Trading on demo is intended for lxcriticalg, not for xcriticalg or losing. Also, broker reviews are quick to highlight that partners have ensured FxPro UK Ltd customers are protected by the UK’s Financial Services Compensation Scheme. This means traders could receive up to £85,000 compensation in certain scenarios, such as bankruptcy. As a result, all customer funds are segregated in Tier-1 accounts with a number of major banks. Furthermore, sophisticated encryption technologies and security protocols are in place to prevent fraud and keep personal data in a digital vault. Broker reviews of FxPro are quick to highlight there are a number of useful educational resources available.
It is a highly customizable web-based platform, which enables traders to place orders without the need to download and install any additional software. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. When switching to a live account, your demo will still be available. xcritical official site Up to $100,000 in virtual currency is available to trade with and MT4, MT5, cTrader, and the FxPro Proprietary platform are available.
Even though this may look discouraging, FxPro requires this information to be compliant with the laws. It has 20+ years of operational excellence and complies with the UK FCA, the CySEC, the South African FSCA, and the Bahamas SCB. The application asks for the country of residence, e-mail address, and desired password.
Management of FxPro demo account
- Now that you have knowledge of the meaning of a demo account, let’s move towards opening a FxPro demo account.
- It is a highly customizable web-based platform, which enables traders to place orders without the need to download and install any additional software.
- FxPro Edge also comes with a number of beneficial features for traders.
- From here you can manage your account information as well as monitor the state of your trading accounts.
While the FxPro MT4, MT5, and cTrader demo accounts are standard trading accounts, the FxPro Edge platform (which is available to UK users only) is focused on spread betting. If you are willing to open a FxPro demo account, the good news is that it is completely free. Moreover, you can gain access to various functions and features of live accounts through the demo accounts. Before investing your real money, it is always better to open a demo account and get familiar with trading.
What trading platforms are available on the FXPro demo account?
Basically, the three account options that you will find are cTrader, FxPro Edge, and FxPro MT4, MT5. If yes, then it is important to clearly understand the true meaning of a demo account. Compare the markets and instruments offered by FxPro and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare FxPro with the top 3 similar brokers that accept traders from your location. Traders can also benefit from the FxPro library which is an EA marketplace that allows traders to download ready-made EAs developed in-house.
Please be aware that this might heavily reduce the functionality and appearance of our site. With the demo account, you will get to know about liquidity as well as guaranteed fills. The facility of API trading is also something that you will learn through the demon account. Once you have logged into your FxPro demo account, you will receive a welcome note on your screen. You will have to provide your personal details such as name, address, employment status, date of birth, and more.
Once you have clicked on “Try Demo Account,” the next step is to select the account type of your choice. When it comes to account type, there are several options available to you. However, each option will have its own unique pros and cons. When you are about to start your trading journey, the very first step is to create a demo account.
It is considered to be a reliable and safe trading platform in comparison to various other platforms. Moreover, the high credit score of the broker reduces the risk of bankruptcy or default. Now, you may be able to see that there is a demo account shown on our screen above, but on yours, there won’t be just yet. Simply click on the demo accounts tab and then click ‘create new account’ (which you can see in green). FxPro provides a number of chart options including line charts, bar charts and Japanese candlesticks. On the FxPro platform, charts are built from bid prices only.
If you are planning to create a FxPro demo account, here are the important steps that you will have to follow. The customer support team of the broker is very active and committed to helping traders in resolving potential issues. Irrespective of the query you have, the support team is ready to provide answers to all your queries. The best thing about the broker is that it can provide you with quality customer support in over 20 languages. No, it is not possible to withdraw profit earned in a demo account.
What Online Charts Do FxPro Offer?
The minimum deposit at FxPro is just $100 (or equivalent base currency). However, the brokerage does advise making a minimum deposit of $500 to $1000. Spreads are competitive but vary according to the type of trading account held and asset traded. For example, with the MT4 account, the minimum fixed spread quotes are around 1.2 pips.
The free cTrader system platform download was designed for CFD traders. As a result, you can place orders while retaining a clear view of market depth. Our experts found the cTrader platform to be intuitive and user-friendly upon testing.
You will also have to give certain details in relation to your previous experience in trading. Now that you know the features and benefits of each account type choosing the best one will be easy. On the basis of needs as well as preferences, you can choose the right account type.