Open Exness Demo Account
Exness. Start with Demo
A real vs a demo account
How to activate a demo on the Exness site?
Characteristics of an Exness demo account
What happens if you do not use your demo account?
What are the benefits of the Exness demo account?
Disadvantages of a demo account
Tips on using a demo account
User support
Deposit and withdrawal methods
Wrapping up
A real vs a demo account
How to activate a demo on the Exness site?
Characteristics of an Exness demo account
What happens if you do not use your demo account?
What are the benefits of the Exness demo account?
Disadvantages of a demo account
Tips on using a demo account
User support
Deposit and withdrawal methods
Wrapping up
Forex is the business where money really does make money. Private investors without any institutional status work on this market online, getting necessary information and making speculative deals through specialized intermediaries, Forex brokers. The role of such a broker in organizing and conducting online trading cannot be overestimated.
The rapid development has quickly yielded positive results. Every month more than 14,000 new clients are registered with the company, and it has taken the lead in terms of trading volumes. Clients respect the company for the number of available financial instruments, low spreads and fast order execution. In addition, the real reviews confirm that the broker is moving in the right direction.
There are more than 120 trading instruments available, and you can open an account in more than 80 currencies. This is a feature that attracts many traders. What's more, you can try it all out on a demo account. It is very convenient!
The best and most popular trading platforms are available to all users. The Exness App download for PC and make your job as convenient as possible, or you can install it on a variety of smartphone systems. MetaTrader4 platform is available on the company's official website. Many traders consider it the best and prefer it. The MetaTrader 5 platform with extended functionality is also available for download and further use. There is also Exness Webterminal, developed by the creators of MT4.
There are more than 120 trading instruments available, and you can open an account in more than 80 currencies. This is a feature that attracts many traders. What's more, you can try it all out on a demo account. It is very convenient!
The best and most popular trading platforms are available to all users. The Exness App download for PC and make your job as convenient as possible, or you can install it on a variety of smartphone systems. MetaTrader4 platform is available on the company's official website. Many traders consider it the best and prefer it. The MetaTrader 5 platform with extended functionality is also available for download and further use. There is also Exness Webterminal, developed by the creators of MT4.
A Real vs a Demo Account
A demo account can be useful for beginners who need to master their Forex trading skills, as well as for experienced investors who frequently test/modify their trading strategies.
For beginners, the advantage of trading on a demo account is obvious - you will be able to gain experience without risking your own money. You can spend several years studying the stock exchange theory, but can get completely lost when you actually trade. A demo account helps to get accustomed to the exchange more quickly, and lowers the entry level for young traders - they do not need to have a special amount, which they cannot be afraid to lose during their first trades.
With experienced traders things are a bit different. They typically use a demo account to test new strategies. A demo account with the same broker you are planning to work with is a great way to get all the details in the profit calculation.
For beginners, the advantage of trading on a demo account is obvious - you will be able to gain experience without risking your own money. You can spend several years studying the stock exchange theory, but can get completely lost when you actually trade. A demo account helps to get accustomed to the exchange more quickly, and lowers the entry level for young traders - they do not need to have a special amount, which they cannot be afraid to lose during their first trades.
With experienced traders things are a bit different. They typically use a demo account to test new strategies. A demo account with the same broker you are planning to work with is a great way to get all the details in the profit calculation.
With experienced traders things are a bit different. They typically use a demo account to test new strategies. A demo account with the same broker you are planning to work with is a great way to get all the details in the profit calculation.
A demo account differs from a real account in only two things:
A demo account differs from a real account in only two things:
- Money. With a demo account you have virtual money, which has no value. And the profit you make will remain virtual, and you can't withdraw it from the account
- Updates. The quotes update a little bit faster and more frequently in the real account, than in the demo-mode
How to activate a Demo on the Exness Site?
To register and create a Exness demo account, traders need to follow these simple steps:
- Go to the main Exness site homepage
- Fill in your details on the right side of the page. You should choose your country of residence to see if it is listed as serviced, enter your email address and choose a password to log in to the site
- After logging in you will be redirected to your personal page, where you can choose between the demo and real money accounts by clicking the appropriate button
- Going to demo mode, you will be able to explore the program and the site without any deposit. You can also take advantage of the generous offer of $10,000 in virtual money
- If you want to use a practice account, you must also specify whether you want to use an MT4 or MT5 platform
- Then you must set your deposit, leverage, account currency, username and trading password
- Please note that demo accounts are not available for Standard Cent accounts
- For your convenience, you can download Exness App for PC. It's quick and easy to use, and will make your work easier. The Exness download is free
Characteristics of Exness Demo Account
- It is free, but only for a limited time;
- You would be credited with a virtual $10000;
- You can make buy/sell deals, try out margin trading, evaluate profitability of operations;
- You will be able to study the history of your operations and adjust your strategy;
- You will have access to the trading terminals used by real traders or investors;
- Access to all the economic news and data on the website.
What happens if you do not use your Demo Account?
When an investor has opened a demo account and does not use it for a long period of time, for example half a year, then this account may be blocked. Such inactive accounts are usually deleted. After all, there are no funds and no activity on them.
What are the benefits of the Exness Demo Account?
Let's analyze all the advantages of a demo account for a trader:
- Exposure to a new kind of business. If you are new to trading and do not know if trading is for you, then a demo account is the best way to find out;
- Testing strategies. Experienced traders often test their strategies not with real money, but with a demo account. Such testing allows you to see how much profit a new strategy will bring and if anything needs to be changed;
- Control of emotions. But for beginners the psychological pressure of the exchange is often too much, and they give up before they learn to control their emotions. While a demo account does not involve the same intense emotions as real-money trading, it can give you an idea of what emotional pressures you will face in the future. And a prepared person is better able to cope with their emotions;
- Training. Trading without a demo account can be disastrous for new traders. A demo account allows you to better understand in practice how the market works.
Disadvantages of a Demo Account
So, the main problem of trading with a demo account is a change of psychology. Many traders underestimate this problem, wrongly thinking that they will be more cautious the moment they switch to real money. But practice shows that long-term trading on a demo account creates a false sense of security that persists even when you switch to a regular account. This leads to higher risks and more excitement in trading.
Being accustomed to large amounts of money and high risk on a demo account, the trader actively uses high leverage. Of course, this usually does not lead to anything good. In the professional field it is sometimes called "Demo Man Syndrome" - a trader makes very bold decisions which normally result in losses on the real market.
Being accustomed to large amounts of money and high risk on a demo account, the trader actively uses high leverage. Of course, this usually does not lead to anything good. In the professional field it is sometimes called "Demo Man Syndrome" - a trader makes very bold decisions which normally result in losses on the real market.
You should treat demo trading as real trading and follow all money management rules in order to avoid it.
If you are just getting started in trading you may find it hard to know when to start trading with real money. The best criteria is your self-confidence. You can also be guided by profit - if after two weeks of trading on the stock market through a demo account you are consistently generating profits, then you can move to an exness real account and make real gains.
Tips on using a Demo Account
In order to trade effectively on a exness demo account, there are rules you should follow:
- The amount of money in the demo account should be equal to the amount of money you deposit in the real account. This is the only way to control yourself and monitor the balance
- The same rule applies to the amount of risk. You should not risk more than you would with real money
- It is important to make bets in such amounts, which will be put on the real deposit. A beginner should not work with bets of hundreds of dollars
- A trader must imagine that he is working with real money. Only in this way will he learn how to correctly calculate the stake according to his deposit and, most importantly, how to carefully analyze the market
- Study the indicators and charts that your broker gives you
- Analyze unsuccessful trades
- Use fundamental and technical analysis
User support
One of the easiest ways to get in touch with Exness Brokers is through online chat, with 24-hour support, allowing for the quickest possible resolution of any problems. The main advantage of live chat is how quickly Exness gives you feedback, which takes around 2 minutes.
Another way to get in touch with the support team is by email. So if you don't want a quick answer to your question, just send an email.
Another way to get in touch with Exness is by phone number. Exness can help traders from many countries and in many languages. Just choose whichever country you prefer and give Exness a call.
Deposit and withdrawal methods
Withdrawal and funding of Exness broker company has the following available methods:
- Internal transfer;
- Bank wire transfer;
- Bank payment cards MasterCard/Visa;
- Bank transfers;
- Electronic Wallets;
- Other active options.
Withdrawals and deposits are made by the trader through the personal cabinet on Exness. A complete list of current methods is always presented on the company's online resource. These procedures are carried out in accordance with the current conditions and minimum commissions.
Wrapping up
A demo account is a good tool for both newcomers and experienced traders. It allows you to get used to the exchange, test out your strategy, check commissions and get acquainted with a new broker. Use it wisely and don't trade in an exness demo account for too long - you will only benefit from it.
FAQ
How do I open a demo account with Exness?
One of the winning features of the Exness platform is that it allows free training for everyone. Each registered user has immediate access to a demo account for testing online trading. Once you log in to the site, go to your Personal Area. Select “Demo” in the “My Account” tab and proceed to trading with virtual funds.
How to trade on an Exness demo account?
Training on a demo account is identical to real trading. The only difference is that you do not need to deposit real money. All transactions are settled with virtual fuds. You will automatically receive virtual $500 for this purpose.
How to open a demo account on Exness MT4 and MT5?
It will take you only several minutes to open a real trading account. Go to your Personal Are and click “Open New Account” button. Then you should select between Standard and Professional options and follow the offered algorithm. For professional account, be ready to pay the minimum deposit of $200.