IronFX, like other FX brokers, has a demo account. Unlike real accounts, demo accounts do not use real money, so there is no risk. There is no risk at all, so if you are interested in trading, please use it.
What is a demo account?
As the name suggests, demo accounts provided by FX brokers are fictitious accounts, so your money will not increase even if you win, and your money will not decrease even if you lose. This is a trading account for practice purposes only. Therefore, it is a recommended account type for beginner traders. A demo account has the following characteristics: Margin, financial products, and spread fluctuations are the same as real accounts such as STP/ECN, but trading is not possible in some countries (Syria, North Korea, Cuba, and the United States). The platform will be MT4.
virtual currency
The money used in the demo account is fictitious money. Therefore, no matter how much you win, you cannot convert it into cash. On the other hand, no matter how much you lose, there is no risk of losing your money. Therefore, since the money you use is fictitious money, you can practice as much as you want.
Beginners
A demo account is only an account type for beginners in trading. Therefore, there is no benefit for experienced traders to use a demo account. A demo account is just a practice trading account, so it can also be considered an account for beginners.
Not for real practice
Unfortunately, the demo account is not a real trading format because the market price does not move significantly depending on economic and political indicators like a real account. Therefore, we recommend that you try it on a real account once you have some experience with it. There is nothing to be gained from practicing too much.
Features of demo account
The demo account at IronFX has the following features: It is provided by the operating company Notesco limited, and all login information will be sent from this company, so be sure to check it out. If you become a real account, you can also participate in campaigns. Please note that it is only fictitious money, so you can invest it unlimitedly and there is no possibility of losing real money. Product brands are also the same as real accounts. You can use multiple functions.
Valid for 3 months
In the case of a demo account at IronFX, the expiration date is 3 months, but there is no problem if you leave it alone. This is because you can create as many new accounts as you like.
Trading tool is MT4
The trading tool for the demo account is MT4. This is the same environment for real accounts, so don’t worry, there are no particular disadvantages.
maximum leverage
Maximum leverage is limited to 1000x for demo accounts. This environment will be exactly the same as a live account, so you can trade in the same environment as a standard account.
Additional deposit not possible
IronFX has special specifications. Once the funds in the demo account are lost, they cannot be replenished. If your account balance is depleted, create a new account. By the way, you can create as many accounts as you want.
Leverage change
IronFX also does not allow you to change the leverage. Therefore, you must trade at the default setting of 1000x.
![](https://i0.wp.com/www.worldforexintroduction.com/wp-content/uploads/2023/09/setting-5000777_640.png?resize=640%2C640&ssl=1)
Demo account opening procedure
To open a demo account, please use the link below to apply, so please have your email ready. You can change the language from the top right of the screen. If you can obtain a trading account, you can access the financial market and use your principal to place orders. If you have any questions, please contact support by phone or live chat.
![](https://i0.wp.com/www.worldforexintroduction.com/wp-content/uploads/2023/09/image-36.png?resize=919%2C390&ssl=1)
Source : https://www.ironfx.com/
The procedure for applying for a real account is almost the same. Therefore, please refer to the following articles when creating your own.
![](https://i0.wp.com/www.worldforexintroduction.com//wp-content/uploads/2023/09/image-37.png?resize=568%2C709&ssl=1)
Source : https://www.ironfx.com/
Download trading tools
Once the demo account has been opened, you will receive an email from the management. This completes the account opening, but if you click on the link “here” in the email address, you can directly complete the MT4 download. Once the download is complete, you can start trading by launching MT4 and logging in. To download MT4, choose from the smartphone app, web trader, or PC version.
- App
- PC
- WebTrader
FAQ
Here are some frequently asked questions about opening a demo account. If you have any problems, please contact the support center. The service is not provided in some countries, and some have received warnings, and there are cases where the number of the Financial Services Agency is not registered, so please check. You can invest the full amount, but be sure to understand the risks and not lose the total amount. In finance, you can trade in the futures market, such as commodities and stocks, with the minimum amount of funds. We often publish news and hold contests with prizes, so we recommend it.
Unable to log in to MT4
There are two main reasons why you cannot log in. One is when you have entered the wrong ID and password, and the other is when your account has been disabled. If you have forgotten your password, you can reissue it from My Account. Incidentally, accounts that are not used for three months will be disabled and you will not be able to log in. In that case, you will need to create a new account. If you are in trouble, investors can consult with the group or organization on the page.
Account restoration
If you do not use your account for 3 months, it will be invalidated and you will not be able to log in, but if you want to restore it, please contact the support center. Depending on the specific content and type of level, they will support you.
I can’t log in to my account
If you have forgotten your demo account email and password, please contact the support center. Support is provided globally, so be sure to check the details of the management policy and terms of use from the official website. The company has a financial license, so it is reliable.
Lose real money?
The money used in the demo account is fictitious. Therefore, no matter how many trades you lose, your cash will not decrease. There is no risk even if you trade as much as you want. Even if you lose all of these positions, you can inject new funds from the website for any reason. There are no fees. There is little economic impact, so you can fight with a fixed amount right now.
If you can win in demo trading, can you also win in real trading?
Unfortunately, no matter how much you win in demo trading, it won’t stay that way in real trading. Because their mental states are completely different. In demo trading, your money will not decrease no matter how much you lose, but in real trading, your actual money will be lost. It is said that it generally takes about 3 years to be able to win in real trading.
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