At Exness, we will explain how to use the demo account, such as account login, leverage, trading limits, MT4 conditions, etc. You can open multiple demo accounts, so you can open more than one account. Now, I am writing an article about opening a demo account.
Open a demo account
Opening a demo account is free. The procedure for opening an account is almost the same as opening a real account. Demo accounts do not use real money, so they are safe even for beginners. To get used to trading, use Metatrader while checking it and trade when you have time. It can be operated from the personal area. It also supports automated trading (EA). Please note that due to management policy, account opening is limited to those in the service country of residence.
Create account
First of all, before opening a demo account with a merchant, you must first create a valid account on the official website of the operating company. Please refer to the article below to continue. You can try trading without any restrictions on your smartphone or computer. Check out our frequently asked questions and terms of use. They are licensed by the Financial Services Agency, and have very good reputations and reviews from investors, so check them out.
opening an account
Once you have completed your new member registration, you will be able to open a new Exness member page and My Page. Click “Open a new account” under “My Account” on the member page. Choose from the latest accounts: Standard Account, Cent Account, Low Spread Account, Pro Account, and Zero Account. The method is the most flexible in the industry, and scalping and automatic trading are also possible.
Select account type
Move to the account type selection screen. You can choose from four account types. Click the “Try demo trading” button for the account type you wish to open. By the way, the Standard Cent account does not have a demo account. See below for account types.
Platform choice
You will be taken to a screen where you can enter your demo account details. Please make various settings.
| Account Type | Demo |
| trading platform | MT4 or MT5 |
| Highest leverage | 1:2 to 1:2000 (select from list) |
| initial balance | can be set freely |
| base currency | Select from list |
| account nickname | any character |
| account password | any character |
Please set the number of alphanumeric characters used in the password to 8 to 15 characters, including at least one each of “lowercase letters”, “uppercase letters” and “numbers”.
Opening a demo account is now complete, and you will automatically return to the member page.
Deposit to demo account
Replenishing your demo account is very easy. On the My Account tab, click the Demo section and click Demo Account. Please note that if you do not log in for a certain period of time (180 days) for MT4 and 21 days for MT5 demo accounts, your account will be deleted.
Then click Balance and enter the amount you want reflected. This will set your balance exactly.
How to delete demo account
Exness automatically deletes your account if you are not logged into the trading platform for too long. However, you can also delete your account yourself.
From the “My Account” item on the member page, click the “gear icon” of the account you want to delete. Click “Archive account” from the expanded menu and your trading account will be sent to the archive instantly. The procedure is now complete.
Demo account features
The demo account has the following features. Other brokers such as ThreeTrader, BigBoss, Axiory, FXGT, and XM also have demo accounts, but Exness allows you to create a large number of different accounts. It supports trading not only FX currency pairs, but also CFDs, virtual currencies, etc. It is convenient because you can also withdraw funds from the website. It can be used for any reason, so please see it from the home page. Customers will be assigned a number and can start immediately if they are authorized. It is safe because it is a company registered and authorized with licenses and trademarks in Seychelles.
no risk
The demo account is a so-called virtual trade, so there is no financial risk. Therefore, you don’t have to take any risks. This account type is highly recommended for trading practice. Especially if you are new to trading, we recommend that you start trading with a demo account first.
Unlimited additional demo funds
We have explained how to deposit funds into a demo account, but you can replenish the funds in your demo account as much as you want. This is an account type that allows you to trade casually because you can replenish your funds at any time. We handle many stocks, and our partners can use top specs to make a lot of profit from any region. However, since this is an investment, we cannot be held responsible for any losses.
A total of 200 demo accounts are held
The maximum number of demo accounts that can be held is 100 for MT4 accounts and 100 for MT5 accounts, for a total of 200 accounts. Unused accounts can be deactivated by moving them to the archive, so you can essentially create an unlimited number of accounts. You can also ask questions about products and accounts through support. In general, both are high-end companies that allow trading with low spreads and no upper limit. Individuals can also use all the new and comprehensive features.
Maximum leverage is 2000 times
The maximum leverage when using only a demo account is 2000 times. Real accounts can be said to have virtually unlimited leverage, but demos are suppressed. If you want to receive unlimited leverage even with a demo account, you need to clear the total trading volume of 5 lots or more and the total number of orders of 10 times or more on the real account.
Expiration date
The demo account has an expiration date. If 21 days have passed since the last login, it will be automatically deleted. But you can also recreate it.
MT4 and MT5
Demo accounts can be traded on MT4 and MT5. Please refer to the following for installation method and usage. The trading environment of overseas FX companies can be used on a computer or smartphone app. You can do it immediately by logging into the server. There are almost no rejections. Since the loss cut level is 0, it can withstand up to the margin maintenance rate. There are no bonuses or campaigns, but automatic trading is possible.
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