Fbs open demo account

For more information on FBS account types, see the separate article, “ FBS all account types “.

Free forex bonuses

How to Utilize FBS Free Demo Account, fbs open demo account.

Therefore, you can actually try out the specifications and trading conditions for each account type.

How to utilize FBS free demo account

I will explain the demo account of FBS, which is a popular broker as FC barcelona sponsor and offer very low cost trading environment.

By opening a demo account, you can practice trading and check the actual trading environment in FBS.

If you have any doubts about the trading environment, it is a good idea to try a demo account before opening a real account.

This article describes the following:

How to utilize FBS demo account

Characteristics of FBS demo account

Notes on FBS demo account

How to open FBS demo account

Features and benefits of FBS demo account

FBS offers a demo account.

Really tradeable account that is not demo accounts is commonly called “real account”.

When you open a demo account, equity is set in advance.

Just open it and you can start trading immediately.

Easy registration, no need to submit identity verification documents

Equity is prepared and you can trade immediately without deposit

Trading is possible in almost the same environment as the production

The rate etc. Are the same as the actual production and are reflected in real time

Products such as currency pairs and cfds offered are the same as real account

Anyone can use it for free

No risk of losing your money

What is the purpose of using the FBS demo account?

The demo account can be used for the following purposes.

Check the trading environment of broker before opening a real account

Forex beginners practice trading

Try trading currency pairs and cfds that you haven’t traded before

Test EA (automatic trading tool)

Check the trading environment

Regarding the first point of checking the trading environment, you can check the following points by actually trading with the demo account of the forex broker.

Is the information on the official website correct, such as spreads?

Is there any suspicious point about fluctuations in spreads and prices depending on the time of day and products?

Is it easy for orders and payments to pass, or is it slippery?

The demo environment of each broker is provided “almost” the same environment as the real account.

You can check the approximate usability with the demo account.

Forex beginners practice trading

The demo account has almost the same environment as the real account, so you can practice trading in a real rate environment.

Even if you are not a beginner, you may use it as a place to practice, such as trying out newly learned methods.

Try trading currency pairs and cfds that you haven’t traded before

This is what I do, sometimes I try to trade currency pairs and cfds that I don’t usually trade.

I can do it with a real account, but since trading of unfamiliar products often loses at first, I use a demo account for verification.

Test EA (automatic trading tool)

EA (automatic trading tool) can be used in MT4 and MT5, a demo account may be used for testing in a real environment (called “forward test”).

Some paid EA’s do not work with demo account, so it is limited, but it is super dangerous to suddenly try EA that you have not used yet with real account, so you need to verify with demo account first.

If you have programming knowledge and skills, you can also develop your own EA using a dedicated language called MQL that runs on metatrader.

If you want to test your own EA, you will use demo account.

Precautions when using the FBS demo account

In this way, anyone can open a demo account for free and it is a trading environment that can be used easily, but there are cautions when using it.

Strictly not exactly the same environment as a real account

Withdrawal is not allowed

Deposit is not allowed

Demo account cannot become real account

Lack a feeling of tension

Strictly not exactly the same environment as a real account

Demo account is said to be “almost” the same environment as real account, but it is not exactly the same environment.

If you want to check the usability of a real account strictly, it is best to try using a real account even with very small margin.

Withdrawal is not allowed

Of course, even if you make a profit, you cannot withdraw.

Of course, you cannot withdraw the margin that is set automatically when you opened the demo account.

Deposit is not allowed

You cannot deposit to the demo account.

Even if your margin balance becomes zero during trade verification, you cannot deposit and increase your margin.
In this case you will have to open a demo account again.

In addition, some brokers will increase the margin of the demo account on an application basis.

Demo account cannot become real account

If you like the trading environment and want to continue trading with that broker, you need to open a real account again.

In that case, please note that the account number and the server name to login to metatrader will also change.

Lack a feeling of tension

This is the most important point.

The demo environment is not your own money, so you can trade as much as you want.

Even if you trade in a high lot that you would never normally do and lose a lot, there is no shock.

There is no point in practicing trading or verifying the method if you trade completely differently than usual.

Those brokers who practice and verify trading should keep in mind this part.

Otherwise, you will be doing the same trade, and you will lose in the real account.

FBS demo account specifications

FBS allows you to open demo accounts for all account types.

Therefore, you can actually try out the specifications and trading conditions for each account type.

For more information on FBS account types, see the separate article, “ FBS all account types “.

How to open FBS demo account

From here, I will explain the procedure for opening a demo account in FBS.

In FBS, user registration is required to create a demo account.

After registering as a user, you will be able to login to the member dashboard.

You only need to register as a user, and you do not need to submit your identity verification documents.

Registration is completed in just few minutes.

If you already have a real account, you can login and create an additional demo account from your dashboard.

OPEN ACCOUNT

Trader registration

Open an account

Click + (plus) to open new account on dashboard.

Account type

You can open demo account of any account types.

Account settings

Select trading platform MT4 and MT5.

Account currency is USD only for demo account.

For initial balance, you can set any amount.

Leverage can be changed later.

About leverage setting

With FBS, you can trade with a high leverage of up to 3000 times, but the leverage limit is automatically applied according to the margin balance.

This is also true for demo accounts, where you need to have a margin balance of $ 200 or less to trade at 3000x high leverage.

Demo account has been opened

Your demo account has been opened.

Please find the e-mail containing the login ID to MT4 / MT5 and the server name to login to metatrader.

You can download metatrader by clicking the link in email.

FBS demo account, demo account information

If you haven’t installed FBS MT4 and MT5 yet, please refer to “ FBS MT4/MT5 how to install and login ” for PC version of metatrader, and for mobile app, refer to “ how to install MT4/MT5 mobile app ” and install metatrader.

After installation, you can login to metatrader by using login ID, password and server name that was informed by email.

When you login, the margin is already set, so you can trade with demo account now!

Summary

Make good use of the demo account to get used to trading and verify the trading environment.

I recommend that you make sure before opening a real account.

How to open FBS's demo FX trading account?

How to open FBS's demo trading account with virtual money?

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Open FBS demo trading account. Table of contents

How to open FBS’s demo forex trading account?

You understand the basics of forex trading, but you are worried about suddenly trading with your own money.

Is there anyone who has such troubles?

Although FX can be started from a small amount with FBS, it is a bit difficult to start trading suddenly.

For such people, we recommend demo trading with virtual money.

In order to do the demo training, you first need to apply for a demo account of FBS, and applying for a demo account is very easy.

To open a demo account, you only need a “name” and “email address”, then you can start demo training immediately.

You don’t need to register the main account of FBS, so you can start the demo training in a few minutes.

Go to FBS official website

Receive login credentials for your account

One click to open a demo trading account

With demo trading account, you can experience forex trading without spending your own money.

In addition, some forex companies also offer demo trading that has features that are comparable to actual forex trading.

Therefore, this time we will introduce the features and benefits of demo training, and some recommended apps for doing demo training.

Become a FX trader by gaining a sense of trading with demo trading account.

What’s the merit of FX demo trading?

Demo trading is simply a free practice tool for forex trading.

The biggest feature is that you can practice forex trading without spending your own money.

Even if it’s for practice, the demo account provided by FBS is very well made, and there are some that can be traded like the actual trading.

Therefore, it is often used by those who are new to FX as a stage before actually starting FX trading.

Now let’s take a closer look at demo trading.

First of all, we like to introduce the benefits of demo training.

There are three main advantages to using demo trading which are: grasping the flow of transactions, seeing real-time rates, and knowing the risks.

1. Understand the FX trading flow

The first advantage is that you can get a grasp of the overall flow of forex trading by using a demo trading account.

No matter how much you have acquired FX knowledge, if you do not know how to order and make payments, you will never have a profit.

That’s where demo training comes in.

If you check the flow of orders, how to select a currency pair, and the operation method such as payment method using demo trading account, you can trade in real forex trading without hassle.

The important thing here is to do a demo training with the intention of making a real transaction.

Properly ordering and making payments without any tension is not much practice in trading.

On the contrary, if you can firmly grasp the flow of forex trading by practicing with the demo training with a sense of tension, the possibility of making more ideal trading in forex trading will increase.

2. See the movement of the exchange in real time

The next advantage is that you can experience the real exchange rate movements in real time on FBS’s demo trading account.

Through the demo trading account, you can know which news and economic indicators will be announced and will have a great impact on the exchange rate, and what are the characteristics of price movements during each time period.

Being able to systematically understand the whole picture of FX is one of the great advantages of demo training.

Experience the forex market and forex trading before trading with your own money.

3. Measure your risk tolerance

The final advantage is that you can know the risks.

Forex trading can be both profitable and costly.

So you should fully understand the risks with the demo trading account, and how much loss can be done in the transaction.

Otherwise, you will lose more than you can tolerate in the actual forex trading, and you may end up withdrawing from forex immediately.

This is where demo training comes into play.

If you analyze yourself how much risk you can tolerate by “how much” and “how much leverage” in the demo trading, you can reduce the risk of serious losses in actual transactions.

In addition to that, you can also try various trading styles such as scalping, day trading, and medium- to long-term trading without risk, which is another advantage of demo training.

However, there are some disadvantages to demo training that beginners tend to fall into.

It is important for FX trading to grasp the disadvantages firmly.

Demerit of forex demo trading account

The biggest demerit of demo trading account is that it is easy to get a habit of trading without tension.

In demo trading account, you don’t actually use your own money, so you don’t have to worry much if you make a lot of money or lose a lot of money.

Not losing money is also a merit of demo training, but it is also a cause of increasing the possibility of continuing transactions without tension.

Be cautious about the assumption that “profit is starting to come out and real FX trading will be okay”.

You could be able to make a profit with the demo training, but many people do not succeed in the actual trading and give up FX trading.

For example, demo trading account has nearly tens of millions of virtual funds available, so it is possible to trade several million dollars in one transaction.

However, it can be said that such a trade is not very realistic if you just started FX.

Even if you happened to make a profit from such a high-risk transaction in the demo trading, if you make the same trade in the production transaction, you could lose a lot and immediately leave the forex market.

Therefore, when using the demo training, it is necessary to have a firm sense of “tension” and “image of profit and loss”.

On the contrary, if you can pay attention to these two points, demo training can be the best tool for practicing forex trading.

3 points you should check before demo trading

Are you looking to trade with demo trading accounts for a while to practice trading forex and cfds?

In case you are looking to open a demo trading account with a forex broker, there are mainly 3 points that you should check beforehand.

See the list of online forex and CFD brokers in the page here.

Whether the environment is similar to the actual trade
first, let’s focus on whether the demo account and the actual trading environment are similar. If there is a difference in “function” or “ordering method” between the demo account and the actual FX account, you will not be able to make the most of your experience with the demo account. Therefore, when choosing a demo account, we recommend that you choose a demo account that is “similar to the actual transaction”. It’s said that you get used to it rather than learning, but it also means that an environment where you get used to it is important.

Is it easy to order on a smartphone or PC?
The next point is “easy ordering”. Some people use pcs as the trading environment, while others mainly use smartphones. Therefore, “easy ordering” is becoming important. Specifically, let’s check one by one, “whether the order screen has a layout that is easy to understand”, “is it easy to set the order”, and “is it possible to place an order smoothly”? By choosing a demo account that you think is easy to use, you can do demo training without having extra stress.

Market news and analysis
the last point is “rich information” and “easy to see”. Information collection is indispensable for FX trading. The ease of collecting that information becomes very important in actual trading. Therefore, please be careful when selecting a demo account for market information related to FX trading and visibility of economic indicators.

Are you also interested in opening a real trading account to invest seriously?

Start from choosing an account type of FBS here.

And for all real account traders, there are various bonus promotions and trading contests that FBS runs.

Visit the page here for the list of FBS’s all bonus promotions and trading contests.

What is a demo account on forex?

The instructions for opening a forex account

You don’t have to spend your own money on forex right from the beginning of your trading journey. Most brokers offer you demo accounts, which let you test out the forex market with virtual money using real market data. Using a demo account is a good way to learn how to trade. You will be able to practice on real data, but without any real risk of losing money. In such way you will be able to learn everything you need to be a forex pro much faster. To try this account, choose demo upon registering an account with FBS.

Demo trading pros and cons

A demo account gives you a perfect way to practice your trading skills without wasting real money.

It sounds tempting, but there are some pitfalls to consider.

First of all, demo accounts offer a bigger amount of money than a trader will use during a real trade, because trader can choose any amount of money for practice. However, people often choose more than they will really trade with in real life. They take extra money for mistakes. But on the real (live) accounts, traders won’t have so many money for their faults. Moreover, with such a big capital, trader doesn’t understand the real losses as they are easier recouped by a big capital than by a small one.

Secondly, demo account trading lacks real emotions. There is no fear when you have nothing to lose. Fear influences trader’s behavior and not many traders can control their emotions. As a result, it doesn’t make much sense to practice your skills when you do not know how you will behave in situation where you will be under a lot of pressure.

How to benefit with a demo account?

If you follow several rules, the demo account can be a really useful tool for practice.

Choose the same amount of money as the one you will have on the real account.

Try to imagine that the money you have on the demo account is real and profits and losses are real too.

Remember that if you failed to gain profit on a demo account, you will not be able to do it on the real one, so try to learn forex trading and evolve while using the demo account.

Moreover, with FBS you can make real profit on demo account. We have FBS league contest going on among demo traders twice a month. You can join it solo or in the team and make up to $900 in one tour!

When trader needs to use a demo account?

There are various situations when you should use the demo account first.

If you have no idea how to trade on a trading platform a demo account will help to you learn its features and avoid accidental trades.

If you want to start using a new trading strategy and want to see whether it works for you. You can use demo account to test this strategy. Afterwards, you may try the strategy in real time. Of course, such test won’t give you a 100% guarantee that the strategy is good, but it’s better than nothing.

If you decided to use an automated trading program, you can test it on the demo account. Trading program is a robot/expert advisor that is not affected by emotions. It does not matter whether you implement it on demo or real accounts.

If you came to the forex market just to check your skills and play on the exchange rates. When you do not take trading seriously you may suffer great losses. If you see it as a game, play it on the demo one.

Demo account is a good option for training and beginning of your trading career. You can test your strategies without losing any money. Just remember about the disadvantages you may face with demo trading.

Pay attention to the fact that the minimum deposit at FBS starts from just $1 on real accounts. You can start your trading career with a little money. So, you can limit your risks, while having a real chance to get profits on real account!

FBS live account opening – step by step tutorial and review (2021)

So, you have decided to take the next step in your trading career and open an FBS live account?

As we know that this can be a big moment for you personally and in terms of your trading future, we have decided to help you get started as much as possible.

That is why we have developed FBS live account opening tutorial. It will help you navigate some of the choices you have to make for opening your live account, and choosing one of the many FBS account types available.

Let’s get right to it. Here is our FBS live account tutorial:

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FBS live account review – things to consider first

Before getting started on anything, there are always a few points to consider. Thinking of these things ahead of the FBS account opening process is simply the best practice to make sure that everything runs as smoothly as possible.

Consider opening a FBS demo account first

An FBS demo account really is the best way to get to know your trading environment better without taking any risk with your funds.

The FBS demo account perfectly replicates the live trading environment and provides the same account selection with all of the same excellent features.

FBS demo account opening absolutely is one of the best ways to hone your trading skills and knowledge prior to progressing through to an FBS live account. It is definitely a path which you should consider.

Things you should prepare before opening a FBS live account

As with any of the best forex brokers, FBS is well regulated. This comes in the form of both cysec and IFSC regulation which helps to cover and protect all traders.

Part of that regulation and a positive mark for the transparency of FBS broker operations is that you do require a couple of documents in order to fully open and verify your account. Preparing these in advance can save you a lot of time.

You will need the following:

Proof of ID documentation (valid passport or driver’s license would be perfect)

Proof of residence documentation (dated utility bill or bank statement less than three-months old would be perfect)

A valid bank card (pictures of front and back required)

Your national client identifier number

With these documents prepared, you are in a great position to start the FBS live account opening process.

Where is FBS available?

FBS are a major forex broker and typically available in most countries around the world. There are a few exceptions to this, and so., FBS broker is not available in the following places:

Canada

Japan

Myanmar

Brazil

Malaysia

Israel

Iran

Traders located in any other country can trade freely with FBS.

European and international market

Depending on your location, you will notice some differences in the services offered by FBS. This is because the company operates under two different areas. One of these being cysec regulated for european traders, and the other being IFSC regulation for international traders.

The availability of services from FBS live accounts are not specifically determined by the prohibition of cysec regulation (except in the case of bonuses and leverage), but simply because FBS has yet to implement its full range of options in both areas. This is something which they are working hard on and hope to have available very soon.

Base currencies

The base currencies available through your FBS live account will differ slightly depending upon if you are european or international based.

In the european case, you can only use euro as your base currency. It is not possible to convert other currencies.

As an international trader using the IFSC account, you can have euro or US dollar as your base currency. You can also convert other currencies (with a fee) to one of these two.

If you are wondering about ZAR for FBS south africa traders, you cannot trade directly in ZAR, but you can convert it to either USD or EUR.

Looking for an account suited for indonesia?

If you are indonesian, then FBS indonesian account option is perfect for you. You must be indonesian and living there to use this option and it allows you a fix-rate currency exchange of 1 USD-1,000 IDR for trading.

This option cannot be changed once activated.

FBS live account opening tutorial

Now that we have cleared some initial starting points, let’s get down to business with the FBS live account opening tutorial:

Step 1 – completing your personal information

The very first step in the FBS account opening process which you will need to undertake is to head on over to the FBS homepage for your jurisdiction (.Eu for europe, .Com for international). Once you have done this, just click on “open account”. The first image is for the EU site:

And click here for the international site as shown:

Step 2 – registration and confirming your email

The very next thing you will do no matter where you are based is to complete a very simple registration form as shown below. This includes just your full name and email address. Make sure you can verify he email address which you enter.

European trader

If you are an european trader, your next stop will be to verify the email address you just entered. You should have received an email like the one below. Simply click the confirmation link and head back to log in to your account and complete the next step.

International trader

You can simply proceed directly to the next step.

Step 3- completing your FBS live account profile

The next step in the FBS live account creation process is to complete your live account profile. This is really only required in detail for european traders. If you are an international trader, it is not mandated for you to complete an in-depth personal profile and it is likely you can skip straight to choosing your trading platform and uploading your verification documents as outlined in the next steps.

For a european-based trader, the process of completing your live account profile is a three-step one. Having confirmed your email address and logged in to your FBS live account for the first time, you will be presented with the option to “take survey”. This is your live account profile and has to be completed.

The first stage details your personal information a little more depth, including your address and telephone number as shown below. This number will also need to be verified.

The second and third stages of your live account profile completion detail around 10-15 questions related to your employment, trading experience, and a few simple quiz style questions related to trading. This all helps the broker both tailor services to best suit you, and comply with regulation. The images are shared below of each step for your reference.

Step 4 – choose your trading platform

With your live account profile completed you can move straight to selecting your trading platform. You will see this option on the left side of your account dashboard. Just click on “trading platform” and you will be met with the following screen:

Here you can choose your favored platform and proceed to download it, logging in with the details you will have already received on account creation.

Step 5 – uploading your documents to verify your FBS live account

One of the last steps in the FBS live account opening process, and perhaps one of the most daunting for people even though it is relatively simple, is uploading your verification documents. Again we will branch into two sections to go through this one.

European trader

As a european trader once you click the verification button, you will see a screen as below with three separate tabs detailing documents to be uploaded. These are your ID proof, residence proof, and bank card images. Complete one section upload before moving to the next.

The ID and residence documents are as mentioned above, with your passport and a utility bill being the best choice. Ensure to follow the quality rules listed too!

For your bank card, a picture of the front and back will also be required. This helps develop an extra layer of security.

International trader

As an international trader, clicking the verification button will bring up the same screen, but with only one document required. That is your ID proof such as your passport.

Once the documents are uploaded, you are very close to the finish line.

Step 6 – verification pending: your FBS live account is almost ready

Once your documents have been submitted, they will be checked by the FBS live account team. This should take no more than 24 hours in the majority of cases.

Once this is done, you are ready to rock!

Time to start trading on your new FBS live account.

Verifying your FBS live account faster

FBS verification should actually be quite a fast process anyway. With that said, there are always a couple of things you can do to try and speed things along. These include the following:

Make sure all your documents are valid and in-date.

Use your passport if possible

Take clear pictures and make sure the issue date is shown on your residence documents.

Ensure that these residence documents have been issued in the last 3 months where possible.

Check above for documents to prepare before starting to make sure you have everything ready.

Our opinions on FBS live account

Finally, now that we have hopefully helped you get your FBS live account up and running. Here is our opinion on some of the features and why you might want to trade with FBS.

Advantages of live trading at FBS

There are many great advantages to be had from trading with FBS. This applies whether you are EU or international based.

The european side is catching up fast and still offers an excellent range of markets and with all of the security and transparency which cysec regulation provides.

As an international trader there are two particularly great points. One is the huge range of bonuses you can access. These even include winning real life prizes like cars, vacations, and rolex watches. Amazing stuff!

The second top benefit is the access to truly massive leverage (1:3000 in many markets). This really can help provide a springboard for you to launch your trading career.

Highlights of FBS as a broker

FBS are well known in the industry as a top forex broker so there are many highlights which we could mention in this regard. Two that particularly stand out in our opinion though are the following:

FBS as a broker have worked really hard to provide the most accessible and yet one of the safest and best regulated brokers in the sector. This is exemplified with their provision of both cysec and IFSC regulation.

The educational infrastructure provided by FBS is top-notch. This is an important aspect of the best forex brokers which can really help you to excel in your trading career.

74-89% of retail CFD accounts lose money

How to utilize FBS free demo account

I will explain the demo account of FBS, which is a popular broker as FC barcelona sponsor and offer very low cost trading environment.

By opening a demo account, you can practice trading and check the actual trading environment in FBS.

If you have any doubts about the trading environment, it is a good idea to try a demo account before opening a real account.

This article describes the following:

How to utilize FBS demo account

Characteristics of FBS demo account

Notes on FBS demo account

How to open FBS demo account

Features and benefits of FBS demo account

FBS offers a demo account.

Really tradeable account that is not demo accounts is commonly called “real account”.

When you open a demo account, equity is set in advance.

Just open it and you can start trading immediately.

Easy registration, no need to submit identity verification documents

Equity is prepared and you can trade immediately without deposit

Trading is possible in almost the same environment as the production

The rate etc. Are the same as the actual production and are reflected in real time

Products such as currency pairs and cfds offered are the same as real account

Anyone can use it for free

No risk of losing your money

What is the purpose of using the FBS demo account?

The demo account can be used for the following purposes.

Check the trading environment of broker before opening a real account

Forex beginners practice trading

Try trading currency pairs and cfds that you haven’t traded before

Test EA (automatic trading tool)

Check the trading environment

Regarding the first point of checking the trading environment, you can check the following points by actually trading with the demo account of the forex broker.

Is the information on the official website correct, such as spreads?

Is there any suspicious point about fluctuations in spreads and prices depending on the time of day and products?

Is it easy for orders and payments to pass, or is it slippery?

The demo environment of each broker is provided “almost” the same environment as the real account.

You can check the approximate usability with the demo account.

Forex beginners practice trading

The demo account has almost the same environment as the real account, so you can practice trading in a real rate environment.

Even if you are not a beginner, you may use it as a place to practice, such as trying out newly learned methods.

Try trading currency pairs and cfds that you haven’t traded before

This is what I do, sometimes I try to trade currency pairs and cfds that I don’t usually trade.

I can do it with a real account, but since trading of unfamiliar products often loses at first, I use a demo account for verification.

Test EA (automatic trading tool)

EA (automatic trading tool) can be used in MT4 and MT5, a demo account may be used for testing in a real environment (called “forward test”).

If you have programming knowledge and skills, you can also develop your own EA using a dedicated language called MQL that runs on metatrader.

If you want to test your own EA, you will use demo account.

Precautions when using the FBS demo account

In this way, anyone can open a demo account for free and it is a trading environment that can be used easily, but there are cautions when using it.

Strictly not exactly the same environment as a real account

Withdrawal is not allowed

Deposit is not allowed

Demo account cannot become real account

Lack a feeling of tension

Strictly not exactly the same environment as a real account

Demo account is said to be “almost” the same environment as real account, but it is not exactly the same environment.

If you want to check the usability of a real account strictly, it is best to try using a real account even with very small margin.

Withdrawal is not allowed

Of course, even if you make a profit, you cannot withdraw.

Of course, you cannot withdraw the margin that is set automatically when you opened the demo account.

Deposit is not allowed

You cannot deposit to the demo account.

Even if your margin balance becomes zero during trade verification, you cannot deposit and increase your margin.
In this case you will have to open a demo account again.

In addition, some brokers will increase the margin of the demo account on an application basis.

Demo account cannot become real account

If you like the trading environment and want to continue trading with that broker, you need to open a real account again.

In that case, please note that the account number and the server name to login to metatrader will also change.

Lack a feeling of tension

This is the most important point.

The demo environment is not your own money, so you can trade as much as you want.

Even if you trade in a high lot that you would never normally do and lose a lot, there is no shock.

There is no point in practicing trading or verifying the method if you trade completely differently than usual.

Those brokers who practice and verify trading should keep in mind this part.

Otherwise, you will be doing the same trade, and you will lose in the real account.

FBS demo account specifications

FBS allows you to open demo accounts for all account types.

Therefore, you can actually try out the specifications and trading conditions for each account type.

For more information on FBS account types, see the separate article, “ FBS all account types “.

How to open FBS demo account

From here, I will explain the procedure for opening a demo account in FBS.

In FBS, user registration is required to create a demo account.

After registering as a user, you will be able to login to the member dashboard.

You only need to register as a user, and you do not need to submit your identity verification documents.

Registration is completed in just few minutes.

If you already have a real account, you can login and create an additional demo account from your dashboard.

OPEN ACCOUNT

Trader registration

Open an account

Click + (plus) to open new account on dashboard.

Account type

You can open demo account of any account types.

Account settings

Select trading platform MT4 and MT5.

Account currency is USD only for demo account.

For initial balance, you can set any amount.

Leverage can be changed later.

About leverage setting

With FBS, you can trade with a high leverage of up to 3000 times, but the leverage limit is automatically applied according to the margin balance.

This is also true for demo accounts, where you need to have a margin balance of $ 200 or less to trade at 3000x high leverage.

Demo account has been opened

Your demo account has been opened.

Please find the e-mail containing the login ID to MT4 / MT5 and the server name to login to metatrader.

You can download metatrader by clicking the link in email.

After installation, you can login to metatrader by using login ID, password and server name that was informed by email.

When you login, the margin is already set, so you can trade with demo account now!

Summary

Make good use of the demo account to get used to trading and verify the trading environment.

I recommend that you make sure before opening a real account.

FBS offers a demo professional trading account with 1:500 leverage

More news about FBS

FBS new year 2021 promo comes with amazing gifts for all active traders dec 18 2020 21:55:28

FBS presents free e-mail educational courses on forex trading nov 13 2020 22:55:11

FBS introduces new exotic currency pairs sep 22 2020 09:47:27

FBS trader awarded best mobile trading platform in asia aug 11 2020 19:58:17

Risk-free investments now available in FBS copytrade app jul 07 2020 13:28:39

FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.

Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Broker	country	regulation	platform	min deposit	review
	cyprus, UK, mauritius	cysec, FCA, FSC, FSCA	MT4, MT5, web	$10	review website
	cyprus, SVG	cysec	MT5, web, ctrader	$100	review website
	australia, cyprus	ASIC, cysec	MT4, MT5, iress	$100	review website
	cyprus,belize, australia	cysec, IFSC, ASIC	MT4, MT5	$5	review website
	UK, australia, south africa	FCA, ASIC, FSCA, cysec	MT4, trading station, ninjatrader	$50	review website
	UK, cyprus, UAE, south africa	FCA, cysec, DFSA, FSB	MT4, MT5, fxpro markets, ctrader	$100	review website
	belize	IFSC	MT4, MT5	$100	review website
	cyprus, UK, south africa, UAE	cysec, FCA, FSCA, DFSA	MT4, MT5, web	$5	review website

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The award winning online forex broker FBS has launched a new year 2021 promotion for all active users of its trading apps, including FBS copytrade, FBS trading broker and FBS trade. Read more

FBS presents free e-mail educational courses on forex trading

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FBS copytrade team is holding the ‘FBS copystar’ contest

The FBS copytrade team is ready to introduce the new contest called ‘FBS copystar’. This is the trader-oriented contest for all the new and already existing FBS traders. Read more

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Hotforex awarded best forex trading conditions global 2020

Hotforex, an established name in the forex trade, wins yet another award. The broker adds the prestigious best forex trading conditions global 2020 to the many recognitions already under its belt. Read more

FBS trader awarded best mobile trading platform in asia

Global banking & finance review awarded FBS trader, a mobile trading platform of FBS, a well-known international broker, best mobile trading platform asia 2020. It is a great step forward and a high honor to meet all the criteria of the judging panel. Read more

Hotforex wins “decade of excellence forex brokerage asia 2020”

“decade of excellence forex brokerage asia 2020” award marks an important milestone in the global expansion of hotforex, the award winning multi-asset broker whose unrivalled reputation has spanned the corners of the world. Read more

‘risk-free investments’ now available in FBS copytrade app

The team of the FBS copytrade app introduces a new ‘risk-free investments feature. This innovation is required to help all new users of the application get the main principles of the social trading world. Read more

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FBS trading account

Standard account

For experienced market players making their way to forex heights

Initial deposit $100

Spread from 1 pip

Order volume 0.01 - 500 lots

Leverage up to 1:3000

Cent account

Standard account

Perfectly suits those who are just starting on their way to success on forex

Initial deposit $1

Spread from 1 pip

Order volume 0.01 - 1000 cent lots

Leverage up to 1:1000

Micro account

Standard account

Zero spread account

Ideal for those who want to calculate their profit precisely

Initial deposit $5

Spread fixed, from 3 pips

Order volume 0.01 - 500 lots

Leverage up to 1:3000

Zero spread account

Designed for those who prefer trading at the fastest speed

Initial deposit $500

Spread fixed, 0 pip

Order volume 0.01 - 500 lots

Leverage up to 1:3000

ECN account

Zero spread account

Unlimited account

For those who want to feel the full power of trading with ECN technologies.

Initial deposit $1000

Spread from -1 pip

Order volume 0.1 - 500 lots

Leverage up to 1:500

Unlimited account

Zero spread account

Unlimited account

For top traders whose orders turn forex markets upside down

Initial deposit $500

Spread from 0.2 pip

Order volume 0.1 - 500 lots

Leverage up to 1:500

FBS – demo contest FBS league

Prizes:
solo
1. 450 USD
2. 250 USD
3. 150 USD
4. 100 USD
5. 50 USD

Team (3-5 people)
1. 900 USD
2. 600 USD
3. 300 USD
4. 150 USD
5. 150 USD
the reward is divided proportionally among all the players in a team.

Goal: finish with the highest balance.

Description:
open a demo contest account to join the competition. Clients will receive a demo account with a balance of $10 000 and leverage 1:100. You can create a team of 3 – 5 people or join an existing team. If you are among the five most successful teams, you can earn extra funds and add them to the reward you got as a solo player.

Information about the broker:
FBS is a broker regulated by the international financial services commission belize.

Contest duration: two weeks.

Do you recommend this promotion?

What’s new?

Meefx – welcome bonus 5 USD

Instaforex – one million option

MFM securities – matador contest

Forex4you – trading hero contest

Justforex – 2021 trading contest

Best forex demo account review (2021)

Forex demo accounts are great for beginners to practise trading and test platforms such as metatrader 4 and 5. Demos’ are also good for experienced traders to do backtesting. Below we look at the top brokers with the demo accounts for 2021.

Top forex demo accounts

The 2021 forex demo account review focused on test trading platform features, easy of use and customer service.

Pepperstone– best MT4 demo account overall

IC markets– best MT5 broker for CFD trading

Plus500- offers top risk tools for practice

Etoro– top social trading demo platform

FXCM- good to practice charting with ninjatrader

Oanda–top unlimited forex demo

IG– best forex demo account for UK traders

Thinkmarkets-best demo account for mobile trading

Axi- best customer support with demo account

TD ameritrade – has thinkorswim, the top demo account in the US

Pepperstone MT4 demo account

Pepperstone has one of the best demo accounts as it allows you to practice with metatrader 4 (MT4), metatrader 5 (MT5) or ctrader forex trading platforms.

Metatrader 4 is the best choice of platform for a demo trading account, as it is considered the gold standard when it comes to trading platforms. This platform offers all the essential trading tools to familiarise yourself with trading such as 30 indicators, 31 graphical tools, 9 timeframes, automated trading and social trading.

With over 60 currency pairs to choose from, all with ECN-like tight spreads, pepperstone will help you minimise your trading costs. Pepperstone is known for its lightning-fast execution speed of 30ms on average which will help you avoid slippage and its award-winning customer service team, many who are traders themselves. Traders can choose from their commission-free standard account and razor account with $7.00 commissions round-turn per lot.

Pepperstone’s demo trading account is ranked first due to the ease of setting up an account, a balance of virtual money to simulate live trading and the access an environment similar to ECN trading. You can view a complete review of pepperstone. After familiarising themselves with the platform and forex broker, users can sign up to a real money account and start trading forex and cryptocurrencies.
Key strengths of pepperstone’s forex demo account:

Fastest execution times (avg 30ms)

Up to 500:1 leverage (30:1 for retail traders in the UK and europe)

$50,000 in virtual money, 30-day trial (can be reset through with pepperstone support)

Regulation with ASIC, FCA, DFSA, cysec, bafin, CMA, SCB

MT4, MT5 or ctrader trading platforms

Excellent trading conditions and customer service

Note: pepperstone limited (UK) does not offer crypto products due to FCA forex broker compliance requirements. Crypto trading is available with all other subsidiaries.

IC markets demo account

IC markets demo account offers virtual forex trading on the world’s top trading platforms (metatrader 4, metatrader 5 and ctrader). Unlike most brokers which limit the virtual cash and time you can use the demo account, IC markets allows you to choose how much virtual cash you wish to trade and the account will only be closed after 30 days of inactivity. IC markets demo account is free, you don’t need to open an account (which requires a $200 deposit) to practice trading.

Metatrader 5 (MT5) is the successor to metatrader 4 (which is widely considered the gold standard for platforms). Metatrader 5 offers more technical indicators, graphical tools and faster processing than MT4. One notable difference is that MT5 is designed for decentralised and exchange-traded cfds such as stocks. In time, this platform will because the world’s most popular platforms as MT4.

IC markets offers 64 currency pairs and an ECN-like environment with fast execution speeds and high leverage. Traders can choose between their standard account and raw spreads account which has commissions of $3.50 side trip.

Key strengths of IC markets forex demo account:

Fast execution speeds

Unlimited virtual cash (you set the amount)

Demo account is valid until 30 days of inactivity

Up to 500:1 (30:1 in UK and europe for retail traders) leverage

64 forex pairs, as well as a range of financial instruments such as commodities, metals, stocks, and bonds

MT4, MT5 or ctrader trading platform

Regulated by ASIC, cysec, and FSA

Plus500 demo trading account

Plus500 is one of the world’s largest cfds providers. Plus500 have designed their platforms to help traders take advantage of the wide range of cfds available with ease. Cfds available in addition to the usual forex and indices include an extensive range of commodities including some rare options such as lean hogs, cattle and 13 cryptocurrencies. Traders can also trade options, stocks and indices for sectors such as cannabis, lithium and real estate.

Plus500 does not charge commissions which means fees are included in the spread and include risk management tools such as negative balance protection and guaranteed stop-loss.

Key strengths of plus 500 demo account:

Demo account has 50,000 in virtual cash (resets when below 200)

Demo account has no time limit (FREE unlimited account)

Risk management such as guaranteed stop-loss/take-profit

Offers extensive CFD range including unique sector indices and options

Use of ‘guaranteed stops’ in demo accounts

Regulated by ASIC, FCA and cysec

Note: plus500uk ltd does not offer crypto trading due to FCA compliance requirements for forex brokers. Crypto is available with all other subsidiaries.

*your capital is at risk ‘76.4% of retail CFD accounts lose money’

OANDA demo trading account

Oanda’s offers a choice of their in-house developed platform oandatrade which is available as a web trader, desktop and mobile version and metatrader 4. With both platforms, your demo account will have 100,000 virtual units for trade which never expires.

Choosing oanda gives you a choice of 2 retail investor account, the premium account which is a spread only product and core account which has a commission of $7 per 1k round turn and ECN like trading execution.

The latest version of the brokers’ trading platform (oanda trade v20) offers institutional-grade execution of less than 1ms, a guarantee of no requote or rejections and trading directly from the charts.

Key strengths of OANDA markets demo FX account:

100,000 virtual trading unit that can be reset anytime

Demo platform never expires

Choose from 5 trading platforms (oandatrade, metatrader 4, tradingview)

70+ currency pairs including exotic currencies

Trade directly from the charts

No requotes or rejections

FXCM demo forex trading account

FXCM allows you to choose from 4 trading platforms to demo. These include trading station, metatrader 4, ninja trader and tradingview. Trading station is FXCM’s own proprietary trading platform which is the best option (along with metatrader 4)if you wish to use trading automation with FXCM automation and backtesting. Ninjatrader is the best option should you use to access advanced charting and trade management options. Tradingview is the best option if you wish to practice social trading.

FXCM only offers one account, and this account is spread only meaning there are no commissions*. FXCM like to be open about their transparency, the broker publishes regular reports on their trading execution performance. In 2020 Q2 59.92% of orders had no slippage and 28.48% of orders had positive slippage. 73.24 of limit and limit entry order has positive slippage

Key strengths of FXCM demo FX account:

$5,000 to $20,000, £50,000 in virtual funds (depending on chosen platform) to trade in the demo account

CFD trading with no commission fees

Regulated with ASIC, FCA, FSCA (south africa)

*FXCM can be compensated in several ways, which includes but not limited to adding a mark-up to the spreads it receives from liquidity providers and adding a mark-up to rollover etc. Commission-based pricing is applicable to active trader account types.

Etoro demo forex trading account

Etoro is a social trading platform which makes it different to most other platforms. So learning the etoro trading platform with a practice account is very handy. The etoro account is available for free and includes 100,000 if etoro virtual money and has no time limitations.

Etoro’s biggest feature is its social trading component. Rather than conducting your own analysis and placing each individual order, social-copy trading platforms allow you to follow and copy the strategies of successful traders with a wealth of experience. Key features include:

Copytrader (copy people): openbook’s standard account mirroring service, where you copy the trading strategies of other users, rather than placing trades yourself.

Copyportfolio: designed as a longer-term investment, copyportfolios are bundles of cfds that include different traders’ strategies and asset classes.

Key strengths of etoro demo FX account:

100,000 etoro virtual cash with automatic refresh

No time limitation

No commission

Social trading with copytrader and copyportfolio

IG markets

IG markets was founded in the UK in 1974 as a spread betting business and later renamed IG group when listing on the london stock exchange in 2000. Being a UK company, IG is a solid option for UK forex traders for a demo account. By choosing IG as your demo account, you can benefit from CFD trading such as forex, options, etfs, interest rates and bonds. If you are in the UK, you can also spread bet and binary trade. Some countries also have the possibility of trading stocks (not cfds).

IG markets allow you to use their own in-house IG platform and metatrader 4 as demo trading platforms. With the IG platform, you will get access to their online trading platform, $20,000 of virtual funds and 17,000 markets. Choosing this platform means you will get free access to exclusive educational content on the IG academy which new traders will appreciate and chart packages that may otherwise incur a fee.

If you prefer to practice using metatrader 4, IG gives you access to $10,000 in virtual currencies and 80+ markets to choose from. Choosing metatrader 4 also means you can practice with expert advisors and 18 free indicators and add-ons.

Key strengths of IG markets demo FX account:

$20,000 in virtual cash with IG platform and 17,000 markets

$10,000 in virtual cash with metatrader 4 and 80+ markets

Free access to charting packages and add on indicators

Regulated by ASIC, FCA, bafin (germany), FMA (new zealand), FINMA (switzerland), MAS (singapore), DFSA (dubai), CFTC/NFA (USA).

Thinkmarkets metatrader 4 demo account

Thinkmarkets demo account allows you to practice with their thinktrader platform thinktrader is one of the best trading apps in the market for mobile trading. With a quad screen display, 80 indicators, 50 drawing tools, 14 chart types and 200 cloud-based alerts, thinktrader is rated 5 stars by over 15,000 users in the android and ios mobile app stores.

Thinkmarkets trading includes 25,000 of virtual currency and is available for use as long as you don’t leave it inactive for 30 days.

Key strengths of thinkforex demo FX account:

Seven demo account currencies

Expert advisors (eas) testing available

No scalping limit

500:1 leverage

Regulation: ASIC, FCA, FSCA (south africa)

Axitrader MT4 demo account

A 30 day 100% free demo account is available with axi (formerly axitrader). This broker offers access to metatrader 4 and $50,000 in virtual cash with no minimum deposit requirements to open an account.

The most unique feature of axi’s demo account is the inclusion of a dedicated account manager in addition to their 24/5 client support. Axi customer support is award-winning and highly valued, as it means you can ask trading questions while you learn about forex trading and develop your trading style.

Key strengths of A GO markets demo FX account:

$50k of virtual currency in a demo account

Dedicated account manager

24/5 support over live chat or phone

Authorised and regulated by ASIC, FCA, DFSA (dubai)

TD-ameritrade broker demo account

Thinkorswim is TD-ameritrade’s proprietary trading platform and available to traders based in the united states as a desktop, web trader or mobile trading platform.

Thinkorswim provides a good range of features, with inbuilt tools for both automaton and charting.

Advanced, professional-grade charting and technical analysis tools

In-app chat and community chat rooms

Backtesting features

Market monitors and heat maps

Real-time market news

Customisable alerts

To explore the thinkorswim platform in a risk-free environment, TD-ameritrade offers a demo account with full access to the software. A virtual trading balance of $100,00 is provided to practice trading with free access for 60 days.

TD-ameritrade is one of the few brokers that offers forex trading in the USA. Choosing thinkorswim means you can trade 70 forex pairs with no commissions and leverage of up to 50:1 for major pairs and 20:1 for minor pairs.

Key strengths of A GO markets demo FX account:

Thinkorswim trading platform

70 currency pairs

Suitable for american traders

Commission-free trading

Regulated in USA by CFTC, NFA, SEC

What should I look for in A forex demo account?

The most important element when looking for the best forex demo accounts is to consider the platforms offered. The trading platform is what you will be using to trade, so it is important to choose a platform you are comfortable using. Traders generally have a personal preference to metatrader 4, metatrader 5 or ctrader trading platforms.

The second important factor is the features within the demo account that will replicate a real trading environment in the CFD and forex market. This includes what access how similar the spreads are to real markets, available leverage, customer service and risk management tools. Like choosing the best forex platform for you when forex trading, having the right features within the platform to suit your forex strategy can be critical to future success.

A third factor is execution speed which helps traders make fast trades with reduced slippage in higher volatility markets that can carry high risk. A demo account should simulate real trading conditions. This means taking spreads from real markets so you can learn how cfds work in the real world.

The final factor is the expiration date of the demo account and how much virtual currency is available. Some demo accounts are only valid for one month while others are unlimited.

Why are demo accounts so important?

Trading financial instruments such as forex and shares is a high-risk investment, especially if you are exploring different forex and CFD markets for the first time. Forex and CFD markets such as cryptocurrency are high-risk environments, therefore traders should be cautious when taking on highly leveraged positions. Leverage is a complex instrument, so it’s important to understand there are risks of losing more money than you originally deposited in your trading account. It is important to get experience trading using a demo account, so you are well equipped to deal with the volatility and the high-risk nature of financial markets before signing up for a real account or live account.

Understanding Volatility With A Demo Account

Learning to trade forex can be achieved by reading and research as well as utilising forex brokers educational tools such as webinars, faqs, ebooks, online courses. However, the most effective way is to practice trading via a demo account, allowing you to develop strategies and your trading style. Demo accounts allow users to familiarise themselves with various markets and trading platforms. Virtual money accounts are suitable for levels of experience, and we encourage you to practice trading with a forex broker listed above prior to trading with real money.

Background to our forex demo review

This demo account review was compiled and published in 2016 and was updated at the start of 2021. It was put together by the dedicated staff at compare forex brokers who spent a significant amount of time researching the industry. As the market changes rapidly and brokers continue to offer new features all the time, please validate all information read above with the forex broker’s dedicated website. We aim to update our analyses frequently, but sometimes inconsistencies can be found.

Justin grossbard has been investing for the past 20 years and writing for the past 10. He co-founded compare forex brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of fintech and digital startups including innovate online and SMS comparison. Justin holds a masters degree and an honours in commerce from monash university. He and his wife paula live in melbourne, australia with his son and siberian cat. In his spare time, he watches australian rules football and invests on global markets.

Top forex demo accounts

Pepperstone

IC markets

Plus500

Etoro

FXCM

OANDA

IG markets

Thinkforex

Axitrader

TD ameritrade

The leading forex broker comparison site, compare forex brokers pty ltd is an authorised representative of guildfords funds management pty ltd australian financial services licence no. 471379 (A/R no. 001274082). Copyright 2021 and all rights reserved. Trading forex and cfds with leverage poses significant risk of loss to your capital.

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So, let's see, what was the most valuable thing of this article: FBS allows to open demo accounts. Anyone can use it for free. By using the demo account, you can practice trading and check the actual trading conditions. At fbs open demo account