How to 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 broker Exness is a successful modern company. Exness is constantly implementing innovative technologies on its platform and improving its service. The broker's rating is very high and its work is rightly praised by numerous clients and experts. Its high level of services on forex and CFDs and the trading of more than 120 assets explain the great popularity of the broker in many countries.
The Exness offers modern platforms, margin trading, hedging. It opens accounts for the convenience of trading: Virtual (Demo), Mini, Classic, Cent, ECN. The broker allows multiple assets and currencies and provides excellent multi-language support.
Both MetaTrader4 and MetaTrader5 are available for you.
Both MetaTrader4 and MetaTrader5 are available for you.
- With the MetaTrader4 platform you can trade different strategies, study analytics, use Expert Advisors, monitor your balance and strategy effectiveness.
- MetaTrader 5 has all the advantages of the fourth version, as well as new options. There are many built-in indicators, a lot of analytical tools and graphical objects. Hedging of trades is available.
You can try these platforms and trade on a training account. It allows you to get acquainted with the platforms capabilities, learn how to trade, make your first trades, and test different strategies with virtual money.
Download exness mt4 app for pc or mobile gadget! Exness app for windows/linux available on broker's website. Also, xMobile mobile trading platform is now available on all smart watches that are compatible with iOS and Android.
A real vs a Demo Account
There is no difference in functionality. You will be able to use the same assets and charts as you would use in a exness real bill. But you will not be able to withdraw profit from a demo account, even if you have made a million. It will remain the same as a virtual bill. Both types of accounts use the same platform - MetaTrader. Naturally, you can open a Forex Demo Account through EXNESS for free.
You may use a virtual account in the following cases:
You may use a virtual account in the following cases:
- If you are a complete beginner and not familiar with the basics of commerce. Then you should definitely try trading on a virtual bill for a couple of weeks.
- If you haven't mastered the platform at your brokerage firm.
- If you've developed a new strategy and you need to test it to see how it works. But after any testing, you should also carefully test this strategy on a small real account.
But if you are using the training account for any other reason, it is time to be brave and move on to take it out on Exness real account.
How to activate a Demo on the Exness Site?
If you do not have an Exness account, the first thing you need to do is register. It's easy, the algorithm is the same as on any other site. The easiest way to do this is to download Exness App for PC, and then start the registration.
- Visit the Exness homepage.
- Under the tab "New Account" choose your current country of residence, enter your e-mail address/login and set the password (following the instructions); then click "Continue".
- Congratulations, you have successfully registered your personal account.
Under the tab "New Account" choose your current country of residence, enter your e-mail address/login and set the password (following the instructions); then click "Continue".
You can register with Exness any day of the week (even on weekends), whenever it suits you. You can even open an account with us right now!
Thus, you can open a Exness demo account in your personal cabinet, after you have registered on the website. Please note that the spreads on the virtual and on the regular account are different. A client can switch from one account to another at any time and start working with real money. By the way, the Exness App download for PC is free from the official website.
You can register with Exness any day of the week (even on weekends), whenever it suits you. You can even open an account with us right now!
Thus, you can open a Exness demo account in your personal cabinet, after you have registered on the website. Please note that the spreads on the virtual and on the regular account are different. A client can switch from one account to another at any time and start working with real money. By the way, the Exness App download for PC is free from the official website.
Characteristics of Exness Demo Account
The broker offers demo bills that imitate real bills with the same name. Practice accounts are available:
- Mini
- Classic
- ECN
This feature of the broker to offer practice accounts with different conditions makes it much easier for clients to choose a real trade later.
Once again, assets, quotes, trading indicators and signals are identical. Thus, demo trade is a great way to learn, test all kinds of trade strategies and develop your money management skills.
Once again, assets, quotes, trading indicators and signals are identical. Thus, demo trade is a great way to learn, test all kinds of trade strategies and develop your money management skills.
What happens if you do not use your Demo Account?
If a trader registers for an Exness demo account and does not use it for an extended period of time, the account may be deleted. If you register on the website and then leave your account unused for an extended period of time, it may be deactivated. These accounts may be "scrubbed" to reduce the load on the broker's servers. If you have a MT4 training account, it will expire 180 days after you last logged in.
What are the benefits of the Exness demo Account?
Exness Demo-account gives you the opportunity to explore all the functions of the terminal, without loss of real money. Setting up the platform, viewing data on assets, reading news, using technical analysis tools - all these things can be learned by using a training account.
Having practiced in such a way on different terminals you can understand on which one it is more comfortable to work.
Having practiced in such a way on different terminals you can understand on which one it is more comfortable to work.
- Opening such an account is a matter of minutes and a few clicks.
- There is no need to deposit money and you can use it for free.
- You can improve your trading skills, study the market and instruments in comfortable conditions and without risks, develop your own strategy. You can improve your trading skills, study the fund market and instruments in comfortable conditions and without risks, develop your own strategy.
- You can master principles of display and execution of all types of deals in the brokerage terminal.
- Have a big virtual account, usually around $10000. This amount will last for a long time.
- You do not risk real money, which eliminates the problem of psychological pressure and stress. Create your own strategy and try it without investment!
Disadvantages of a Demo Account
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This is the moment when you must treat virtual money as real. The sense of safety gives the trader a good feeling of security, so many trades can be ill-considered. The result will be statistics based on gambling and luck, not on the strategy being tested.
The experience from such commerce should not be used when working on a real brokerage account - there is a chance of disappointment.
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It is advisable for beginning investors and traders to start at the exchange with virtual capital. There is no need to stay too long. The lack of risk is relaxing, so when you move on to real trading, you may experience serious psychological pressure. Frequent mistakes in risk-free trading can become a habit and prevent you from trading with real money for some time.
Tips on using a Demo Account
Before you start using a trading idea or a pattern, you should test it out on a demo account. After a certain number of trades, accurate statistics will be collected, on the basis of which conclusions can be made whether the tested strategy should be included in the trading plan. After that you will be able to invest your money.
To make sure trading with virtual money brings not only positive emotions, but also useful experience, you should follow these rules.
To make sure trading with virtual money brings not only positive emotions, but also useful experience, you should follow these rules.
- 1Stick to money management, as if you were dealing with real money. Do not use your whole deposit to enter the market (unless you plan to make a long-term investment), trying to earn the highest possible percentage to your capital.
- 2Make sure you have a trading plan that defines the strategies you will use when trading your assets. Try to follow the trading plan as closely as possible. If you see that a strategy has a weakness (for example, one of the patterns has a low execution percentage), adjust it.
- 3Carry out technical and fundamental analysis as thoroughly as if you were using a real account.
- 1Stick to money management, as if you were dealing with real money. Do not use your whole deposit to enter the market (unless you plan to make a long-term investment), trying to earn the highest possible percentage to your capital.
- 2Make sure you have a trading plan that defines the strategies you will use when trading your assets. Try to follow the trading plan as closely as possible. If you see that a strategy has a weakness (for example, one of the patterns has a low execution percentage), adjust it.
- 3Carry out technical and fundamental analysis as thoroughly as if you were using a real account.
User support
Exness provides its clients with multi-channel, multi-lingual technical support. In order to contact the support team with questions, such as when registering a demo account, all you need to do is enter your contact details and select the language for chat. You can then ask questions and communicate via messenger in real time. You can also request a call back and send an email.
Operators working in English and Chinese are available 24 hours a day, 7 days a week.
Deposit and withdrawal methods
- Bank wire transfer. Terms of transfer can take up to 7 days. After replenishment, payment is effected almost instantly;
- There is an option of internal transfer;
- E-payment systems can be used for both depositing and withdrawal. The money is instant, without any involvement of the company finance department.
- Bank wire transfer. Terms of transfer can take up to 7 days. After replenishment, payment is effected almost instantly;
- There is an option of internal transfer;
- E-payment systems can be used for both depositing and withdrawal. The money is instant, without any involvement of the company finance department.
Commission is minimal for all the listed deposit/withdrawal options. We also know that the number of options is not as high as with other companies, but they do allow for quick and easy withdrawal and deposit/withdrawal support by all major payment systems.
Wrapping up
Whether you're a novice trader or an experienced trader looking to test out a new broker, trading platform or trading strategy, demo trading can be a useful way to practice without the added risk of losing real money. All you need to do is the Exness download to your PC or your gadget and open an account.
When you go from a practice account to a live account, you should try to avoid some of the more common psychological mistakes, such as developing bad trading habits or expectations that have nothing to do with reality, based on different risk parameters and account sizes, compared to what you intend. apply on a real account.
Ultimately, demo trading certainly takes a useful place in the arsenal of tools available to both novice and experienced traders.
When you go from a practice account to a live account, you should try to avoid some of the more common psychological mistakes, such as developing bad trading habits or expectations that have nothing to do with reality, based on different risk parameters and account sizes, compared to what you intend. apply on a real account.
Ultimately, demo trading certainly takes a useful place in the arsenal of tools available to both novice and experienced traders.
FAQ
How to open Exness demo account?
All reputable brokers allow its customers to test their platforms in a demo mode. Exness is no exception. After the registration with the broker, all traders automatically get free access to a demo account. There are no time restrictions for using it, and any broker can use whenever he needs.
How to trade on an Exness demo account?
An Exness demo account was designed with the purpose to show clients how the platform works. A trader can enhance trading skills or test a new strategy here. The algorithm of all transactions is the same as in real trading, but all trades are made with virtual currency. So it is not possible to receive actual profit here.
How to open a demo account on Exness MT4 and MT5?
The link to a demo account can be found on the Personal Area page, in “My Accounts” section. A trader does not need to do anything special to open a demo account. It is automatically activated after the registration on the Exness site. Each trader gets virtual $500 for training and testing.
Auto copy experienced traders, with both earning from profitable trades.