How to Open an Exness Demo Account
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The Exness Demo account is an account type that allows users to experience trading in the financial markets without any risk. When you open a Demo account, you will be given virtual money and can use this money to practice trading and investing. How to open a demo account on Exness exchange? Let’s find out in the article below.
What does Demo Account mean?
Trading on a virtual account brings many benefits, such as:
- Experience the trading platform, execution speed, spreads, and financial products offered by the broker.
- In addition, the virtual account is designed like a real account (interface, charts, markets, etc.) so you can learn how to observe the market and apply the theory you have learned into practice.
- Order execution, take profits, etc., in the real-time market, hone your trading skills, and test the accuracy and effectiveness of your trading strategy.
- Experiment with a variety of strategies and trading styles, choosing the right path for you without risking your real capital.
Demo accounts are extremely useful for new investors in the initial stage of investment practice, helping them master basic skills, learn to improvise, and control psychology when the market fluctuates.
Besides, the virtual account is also beneficial for professional investors as it functions as a helpful tool to help them test new trading methods, new products, and new tools.
How to open an Exness Demo account
Step 1. Register as a member
Visit Exness’ homepage, and click “Open new account” in the upper right corner of the screen.
Register as a member of Exness by entering personal information such as country, email, and password. Then click on “Continue”.
Step 2. Select Demo account
From your Member Area on Exness, click “Open a New Account”. You will see a list of accounts offered by Exness.
Corresponding to each account type (except for Standard Cent accounts), there are Demo and Real versions for you. Click on “Try Demo” that suits your needs.
Step 3. Set up new account settings
Here you need to set the following settings:
- Choose a trading account as a demo account
- Choose the MT4 or MT5 platform
- Set maximum leverage
- Select currency
- Enter a new account name
- And set a password for the new account
Finally, click “Create an account”. Immediately, the demo account will be set up, and you can start logging in and practicing trading.
OPEN AN EXNESS DEMO ACCOUNT NOW
Technically and functionally, the demo account is a complete copy of the real account, except that the user will trade with the virtual currency provided by the broker. Charts, trading assets, quotes, technical indicators, and signals are the same. Therefore, a demo account is an excellent way for investors to familiarize themselves with the markets, test different trading strategies, and develop money management skills. It is a great tool to help you prepare thoroughly before trading with real money.
However, some people think that a demo account will not help you get real emotions in the market, so it is impossible to control the psychology. Because the psychology when dealing with real money will be very different from the virtual cash issued. In this case, Exness offers a desirable solution – the Standard Cent account.
Standard Cent is Exness’s most minor account for those who are just starting with the market. The minimum deposit requirement is low (from only 1$), and the trading volume is also tiny. Trading with a Standard Cent account will help you have practical experiences, learn to control your psychology, etc., before you spend large amounts of money, but the level of risk is much smaller than that of other accounts. Other real.
OPEN A STANDARD CENT ACCOUNT NOW