Trading with a demo account
Do you want to start trading but have you never done this before? Then try trading with a demo account with one of the following brokers and see if you could be a successful trader.
Brokers offering a demo account
- Plus500: free unlimited demo with € 20,000 + € 25.00 free money. Register directly >>
- iFOREX: free unlimited demo + € 25.00 free money. Register directly >>
Click here to view the complete list of brokers!
Opening a demo account with a broker of your choice is very simple! Often, the only thing you have to do to open a demo account is to fill in an email address and password. You will get a fictitious amount with which you can start trading. This is the perfect way to learn to trade as the conditions are identical with those of the real stock market. The yield, however, is fictional!
Whenever you’re ready for the real action you can quickly and easily switch to a real account. This will require you to fill in some personal information (the European Union mandated this to combat money laundering) after which you can easily deposit money via, for example, PayPal or bank transfer. Many modern CFD brokers will offer a free deposit bonus of up to 30% of the initial deposit! That way you directly have a nice margin for error.
Benefits of a demo account
For people who have never traded before it is always advisable to first open a free demo account. The demo account allows you to learn the software and practice with the tools available. By opening positions at different times, you will learn what is and what is not wise. A demo account is the ideal preparation to becoming a successful trader with real money.
For the experienced trader a demo account can be very useful as well. For example, you can test new strategies and trading methods before you actually apply them with real money. That way you limit risk and you can achieve the highest possible return!
Getting started successfully
But how can you actually start trading with a demo account as a beginner? It is recommended to first walk through the trading tutorial so that you understand what investing is all about. Next, you can open an account and easily get started with the broker software. Opening and managing positions is very easy with most modern brokers.
Be patient to activate your free bonus! Your bonus can quickly disappear when you make a wrong move. It is wiser to practice first with a demo account with fictitious money so you better understand the features and capabilities of the demo. When you are ready to trade with real money you activate the bonus.