Forex trading demo accounts have acquired huge popularity in the industry among the clients of forex brokers. Their value increased because they are now considered a good method to train without paying extra money. Similar to many providers of such services, DotBig offers forex demo account trade services.
The demo account is designed to help new clients to understand efficiently in conditions that correspond to the real market. To open it with DotBig, they are required to make a deposit in virtual currency, which is free. After this, new traders can start operating with CFDs, shares, and other financial products available with DotBig. The activation takes just a few minutes but all the risks, which you would face when trading for real, are completely mitigated.
Basics of trading with a demo account
So what is demo Forex trading? It is a space where clients of the brokerage company speculate on different markets completely for free. Here, participants operate virtual money but not real funds. This helps beginners to master trading on various markets, understand the principles of the work of trading terminals on DotBig works, and more.
It should be noted that advanced users also benefit from Forex demo trade services. They are quite useful for them because they help to get familiar with new tools and develop new strategies without putting real money at risk.
Since training with virtual currency is the only function of a demo account, you cannot withdraw your earnings. Similar to losses, your earnings aren’t real, they just show your performance. When trading for free, beginning traders can develop their decision-making skills, which are vital when trading for real money.
Live and demo accounts don’t differ in terms of market conditions and data safety. If you have any questions on these matters, feel free to contact us.
Benefit from the advantages of the demo account
Every tool displayed by DotBig is extremely useful thing for its clients. Demo Forex trading is not an exception. Every new client of our trading platform can benefit from the distinct characteristics of our demo account.
Availability: Every user can activate a demo account and start training for free. Moreover, it doesn’t matter what terminal is more convenient - any of them on our website.
No risks: Clients who trade demo aren't required to top up their accounts with real funds. All deposits are made in electronic currency, meaning you won’t lose real funds even if you trade inefficiently.
Functionality: DotBig doesn’t restrict access to services. All the instruments, which you would find when trading for real, are available in unpaid versions.
All these features seem quite attractive, don’t they? If you agree that this might give a lot of benefits, don’t waste your time and open your demo account right now. Master new skills, become a better analyst, learn how to use various trading instruments, and more.
How to start demo trading in 4 steps?
Opening a demo account for forex trading with DotBig is very simple and fast. Just make sure to follow all the requirements of our broker when completing the following 4 steps on creating a demo account.
Register. You cannot start a demo trading account Forex if you aren’t registered on our website. To do this, fill in the registration form and make sure to confirm our terms and conditions.
Verify. DotBig aims to be sure that only real traders, who are eligible for trading, are registered on DotBig. That’s why we need to verify you. Provide copies of ID documents.
Open a demo account. Enter your personal profile and send the application for opening a free demo account.
Study the market. When your application is accepted, you can start opening deals with virtual funds. Study different financial markets and assets and mitigate the risks of losing real money.
That’s all you need to start demo trading. If you have specific questions on how a demo account works, feel free to ask your personal manager or contact the customer support service.
One account - thousands of possibilities
With a demo account on DotBig, you can approach all the assets you would trade on a real account. However, the difference is that here you don’t pay real money for your mistakes. This is your best possibility to understand how markets work in real-life conditions. This is also your chance to familiarize yourself with the terminals and tools of DotBig.
A demo trading account of DotBig is your possibility to approach more than a thousand financial instruments. Learn how to trade currency pairs on Forex, stocks, commodities, indices, and cryptocurrencies. Gain a lot of valuable skills in speculating on Contracts for the Difference. Get familiar with the benefits of investing in Exchange-Traded Funds. All this will help you to get ready for trading a real account.