General Risk Warning: CFDs are leveraged products. CFD trading carries a high level of risk and may not be suitable for all investors. The value of the investment may rise or fall and the investor may lose all invested capital. IN NO EVENT SHALL THE COMPANY BE LIABLE TO ANY PERSON OR ENTITY FOR ANY LOSS OR DAMAGE IN WHOLE OR PARTLY ARISING OUT OF, ARISING OUT OF OR IN CONNECTION WITH THE CFD.
Risk disclosure
Risk disclosure
Updated: 26.01.2024
Real vs Demo account
The main discrepancy is that with real accounts you trade with real funds, while demo accounts use virtual money that has no real value for trading. At the same time, demo accounts have the same market conditions as live accounts, making them ideal for practicing your strategies Exness only allows you to access a training account for registration, you will not be asked to pay or deposit for it. The minimum deposit is only required if you want to move to a real-money account. Once you are ready to test your skills in real trading, just go to your personal account and select a real account option.
Get Started with the Demo
Online trading allows individuals to build capital quickly, but without good experience losses cannot be avoided. Forex trading is always associated with high risks, so a trader should train with virtual balances before investing real money. It's easy and safe. Trading mistakes are costly, so preventing them is the best approach. A demo account is suitable for this.
Many brokers offer their customers the opportunity to use this free account to study the trading platform without financial loss. And Exness Broker is one of them. Experienced traders use a demo account to test new strategies, and beginners learn how to deal, analyze asset price movements and predict its future direction.
How to Activate a Demo on the Exness Site?
Exness offers a variety of account types to meet the needs of all levels of traders. It is difficult to recommend a specific account type without knowing the customer's personal preferences or trading style. But one thing is clear – if you are new to the Exness platform or just at the beginning of your career in trading, you must start with a demonstration account.
To register with Exness and create a demo account, traders should follow these simple steps:
- Go to the Exness website and fill in your details on the right side of the page. You should select your country of residence to see if it is in the list of serviced locations, provide your email address and choose a password to enter the site.
- After logging into the system, you will be redirected to your personal page, where you can choose between a demo account and a real-money trading account by clicking the relevant button.
- By switching to demo account mode, you will be able to study the terminal without deposit. Also, you will enjoy a generous offer of virtual money in the amount of $10,000.
- If you want to activate a demo account, you also need to specify which platform you need it for - MT4 or MT5.
- Then you need to set up leverage, account currency, username and trading password.
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Please note that the demo version is not available for standard cent accounts.
You can open a demo account in Forex without registration only if you want to test it on the website of the developers of the MetaTrader 5 trading platform. You need to visit the official website of Metatrader 5 and download the installation file on your computer. All other brokers, including Exness, will ask you to become a user of their platform so that you can get access to further training.
Exness Demo Account Features
The features of the demo version will depend on the trading platform used by the trader, be it MetaTrader 5 or MT4. In other words, the functions of the demo account are always similar to those of their trading terminal and depend on what Exness offers in terms of asset classes, financial instruments, spreads, leverage, etc.
To access the demo account, the trader must download the trading platform in one of the following ways:
To access the demo account, the trader must download the trading platform in one of the following ways:
PC - MS Windows, Linux or Mac OSMS Windows, Linux or Mac OS (download)
WebTerminalIf a trader wants to use the Metatrader 5 Web Trader, access will be provided from the trading platform's download page. Once the trader has downloaded and installed MetaTrader 5, they can use the login details provided on the account confirmation page to enter the trading platform and gain access to their Exness demo account.
What are the Benefits of Exness Demo Account?
1
Forex trading
You can try Forex trading without investing a single dollar. This is the biggest advantage of a demo account. Theoretical knowledge does not protect a beginner from pitfalls and risks. And demo trading can provide this opportunity.
2
Trading in real-time
You can check the actual trading in real-time. You can hardly understand the principle of functioning of financial markets without your own experience. Trading on a demo account allows you to learn about the environment. No matter how many books you read on trading, it makes a big difference when you can see rate fluctuations with your own eyes. The Exness demo terminal has the same interface as a real-money trading platform. And all quotes are true to life here. Practice allows it to get hands on. You will learn to feel better the upcoming change in price.
3
Trading Tools and Instruments
You can test all trading tools and materials for free. Before you make any deposits to your account and proceed with real trading, it is important to find out what tools this or that brokerage company offers to its clients. With a demo account, you will be able to immediately test what analysis is offered on the site You can check what technical analysis tools are available and what analytical tools you can expect from this company. Once you can use all these functions in a trading simulation, it will give you a better understanding of how they work and whether you will have enough tools for successful trading.
4
Better platform navigation
You will learn to better navigate the Exness platform. Free access to the broker's terminal will allow you to learn all its features and functions in detail. You can try them all freely as you don't pay a single cent for it. And such a method will immediately show the possible results of your actions. This will help you reduce mistakes in real trading account.
1
Forex trading
You can try Forex trading without investing a single dollar. This is the biggest advantage of a demo account. Theoretical knowledge does not protect a beginner from pitfalls and risks. And demo trading can provide this opportunity.
2
Trading in real-time
You can test all trading tools and materials for free. Before you make any deposits to your account and proceed with real trading, it is important to find out what tools this or that brokerage company offers to its clients. With a demo account, you will be able to immediately test what analysis is offered on the site You can check what technical analysis tools are available and what analytical tools you can expect from this company. Once you can use all these functions in a trading simulation, it will give you a better understanding of how they work and whether you will have enough tools for successful trading.
3
Trading Tools and Instruments
You can test all trading tools and materials for free. Before you make any deposits to your account and proceed with real trading, it is important to find out what tools this or that brokerage company offers to its clients. With a demo account, you will be able to immediately test what analysis is offered on the site You can check what technical analysis tools are available and what analytical tools you can expect from this company. Once you can use all these functions in a trading simulation, it will give you a better understanding of how they work and whether you will have enough tools for successful trading.
4
Better platform navigation
You will learn to better navigate the Exness platform. Free access to the broker's terminal will allow you to learn all its features and functions in detail. You can try them all freely as you don't pay a single cent for it. And such a method will immediately show the possible results of your actions. This will help you reduce mistakes in real trading account.
Disadvantages of Demo Account
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While working with no investment and loss, a trader cannot assess and experience risk. In real business, everything depends only on you, you can earn and lose everything very quickly. Only by understanding the potential risks can a trader profit in the long run. And a demo account is not associated with risk. Even if you lose your virtual funds, you can replenish them immediately.
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You will not get the true experience in a demo. On a training account, you can be very profitable, making several successful deals in a row, just guessing the price direction by chance. Many traders rush to a real account after this short-term virtual success and lose everything.
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A demo account allows you to trade without nerves. You may even forget the open contract and get profit by accident. In a real account, there is too much pressure and impatience that leads to catastrophic mistakes. This is another demo account trap. You may think that it is very easy to speculate in the forex market. In fact, only strict control over circumstances and yourself can bring you success.
Tips for Using a Demo Account
Now you know all the pros and cons of free demo trading. So to make this phase most effective, always remember the following three things:
- 1Always work with the same volume you would trade on a real accountIt is important to make your demo trading as realistic as possible. Exness automatically pays you virtual money in the amount of $10,000. But don't spoil it all in a hurry. You won't risk thousands of dollars once you start trading for real, right? So, try to start your acquaintance with trading in small steps. Make sure even your virtual deals don't exceed $1,000 to begin with Wait until you develop a realistic strategy and clearly see that it works. This method allows you to better understand the sense of profit and loss.
- 2Learn and test all analytical toolsForex trading cannot be associated with gambling, where you usually rely on your luck. Trading is completely different as it involves fundamentals of technical and fundamental analysis. Therefore, it is crucial to master all the analytical tools available on the platform. This can be easily done while practicing on a demo account. Even if you work with virtual funds, you should not make random and chaotic deals. It is always necessary to take into account all economic indicators for a particular asset. This will help you improve your trading skills and future results will largely depend on it.
- 3Make sure you understand how to orderForex offers a variety of trades. There are many types of market orders with different names and features. Usually, one and the same broker offers the same type of trades in both demo and real accounts. So once you're trained, take the time to explore all the order methods to clearly understand how they work. Try to read carefully and understand in practice how all the parameters of a contract work - spread, expiry time. This will allow you to apply different techniques to see their working algorithms.
- 1Always work with the same volume you would trade on a real accountIt is important to make your demo trading as realistic as possible. Exness automatically pays you virtual money in the amount of $10,000. But don't spoil it all in a hurry. You won't risk thousands of dollars once you start trading for real, right? So, try to start your acquaintance with trading in small steps. Make sure even your virtual deals don't exceed $1,000 to begin with Wait until you develop a realistic strategy and clearly see that it works. This method allows you to better understand the sense of profit and loss.
- 2Learn and test all analytical toolsForex trading cannot be associated with gambling, where you usually rely on your luck. Trading is completely different as it involves fundamentals of technical and fundamental analysis. Therefore, it is crucial to master all the analytical tools available on the platform. This can be easily done while practicing on a demo account. Even if you work with virtual funds, you should not make random and chaotic deals. It is always necessary to take into account all economic indicators for a particular asset. This will help you improve your trading skills and future results will largely depend on it.
- 3Make sure you understand how to orderForex offers a variety of trades. There are many types of market orders with different names and features. Usually, one and the same broker offers the same type of trades in both demo and real accounts. So once you're trained, take the time to explore all the order methods to clearly understand how they work. Try to read carefully and understand in practice how all the parameters of a contract work - spread, expiry time. This will allow you to apply different techniques to see their working algorithms.
Conclusion
Once you start trading on a new platform it is recommended to start with a demo account. This recommendation also works for those traders who already have enough experience in the market A free training account allows everyone to test the platform, its technical status and new techniques. But this trading mode should be used carefully. If you want to benefit from demo trading, make it as realistic as possible - manage with the amount of money you are ready to invest and lose, analyze all your mistakes and try all types of orders. Only in this way, a demo account will provide you with the basic knowledge and experience you need to proceed to real trading.
FAQ
How to open Exness MT4 demo account?
A demo account is available to all registered users of Exness Broker After registration, you will be redirected to your personal area from where you can open Exness demo account and switch to a real trading account if needed. You can switch to a demo account at any time – to test a new strategy and improve your skills without risk.
How to open Exness MT5 demo account?
Opening a demo account on the Exness platform is automatic. Every trader gets access to it after registration. Once you become a full member of the platform, you can log in and start trading for free from your personal area. No deposit is required as this is only a training account that works with virtual currency. You can use it as long as you need and refund your virtual balance when it is empty.
How do I trade on the Exness demo account?
All clients of the platform can freely use Exness trial accounts. This allows them to see how real trading works without financial risk. A demo account gives you the opportunity to trade in a realistic environment while using virtual currency. Thus, you will get practical knowledge of online trading with zero investment. Also, even experienced traders may need a demo account to test different strategies without losing.
Mobile Exness Apk for Free Trading
Exness
General Risk Warning: CFDs are leveraged products. CFD trading carries a high level of risk and may not be suitable for all investors. The value of the investment may rise or fall and the investor may lose all invested capital. IN NO EVENT SHALL THE COMPANY BE LIABLE TO ANY PERSON OR ENTITY FOR ANY LOSS OR DAMAGE IN WHOLE OR PARTLY ARISING OUT OF, ARISING OUT OF OR IN CONNECTION WITH THE CFD.
Risk disclosure
Risk disclosure
You are on the website of the partners of the Exness company; when you click on any button, you will be redirected to the official website of the Exness company and will be able to register. We are not a financial institution and do not conduct any transactions. Here you will find only information about the broker, information about trading instruments and instructions on how to use them. Our website may contain links to official websites of brokers.
General risk warnings
CFDs are leveraged products. Trading in CFDs carries a high level of risk so may not be suitable for all investors. Investments can both increase and decrease in value and investors can lose all their invested capital. IN NO EVENT SHALL THE COMPANY HAVE ANY LIABILITY TO ANY PERSON OR ENTITY FOR ANY LOSS OR LOSS IN WHOLE OR PARTIAL ARISING OUT OF, CONSULTING OR IN CONNECTION WITH ANY TRANSACTIONS RELATED TO CFDs.