To get started with an Exness Demo Account, you need to first register for an account on the Exness website. Once you have registered, you can then activate the demo mode by logging into your account and selecting the "Open Demo Account" option. From there, you can select the platform you want to use (MT4 or MT5) and the virtual funds you want to trade with.
Create Exness Demo Account and Start Trading
Updated: 21.02.2024
A Real vs a Demo Exness Account
Before we dive into the specifics of opening an Exness Demo Account, let's first discuss the differences between a real and demo account. A real account allows you to trade with real money, while a demo account uses virtual funds to simulate trading conditions. This means that there is no risk involved with a demo account, but it also means that you cannot make any real profits.
How to Open Exness Demo Account MT4 & MT5?
Opening an Exness Demo Account on MT4 or MT5 is a straightforward process. First, you need to visit the Exness website and register for an account. Once you have completed the registration process, you can log in to your account and select the "Open Demo Account" option. From there, you can select the platform you want to use and the virtual funds you want to trade with.
PC - MS Windows, Linux or Mac OSMS Windows, Linux or Mac OS (Download)
Web TerminalIf a trader wants to use Metatrader 5 WebTrader, he can access it from the trading platform download page. Once traders have downloaded and installed MetaTrader 5, they can login to the trading platform and access their Exness demo account using the login details provided on the account confirmation page.
How to Activate a Demo on the Exness Site?
To activate a demo account on the Exness website, you simply need to log in to your account and select the "Open Demo Account" option. From there, you can select the platform you want to use and the virtual funds you want to trade with. Once you have done this, you will be able to start trading using virtual funds.
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Please note that the demo version is not available for normal cent accounts.
Characteristics of Exness Demo Account
The Exness Demo Account offers a range of features and characteristics that make it a great option for beginners. These include:
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Virtual funds to trade
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Access to real-time market data
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Ability to practice trading strategies without risking real money
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Support for both MT4 and MT5 platforms
What happens if you do not use your Demo Account?
If you do not use your Exness Demo Account for a period of 30 days, it will be automatically deactivated. This is to ensure that the demo accounts are being used by active traders who are serious about learning how to trade.
Benefits of the Exness Demo Account
There are many benefits to using an Exness Demo Account, including:
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No risk involved
You can try Forex trading without investing a single dollar. This is the biggest advantage of the demo account. Theoretical knowledge does not protect beginners from pitfalls and risks. And demo trading can provide that opportunity.
2
Access to real-time market data
You can see the actual transaction in real time. The operating principles of financial markets can hardly be understood without personal experience. Trading on a demo account allows you to learn more about the environment. No matter how many books you read on trading, being able to see rate fluctuations with your own eyes makes all the difference. The Exness demo terminal has the same interface as the real money trading platform. And all quotes are true here. With practice you will get it. You will have a better idea of u200bu200bupcoming price changes.
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Ability to practice trading strategies without risking real money
You can try all trading tools and materials for free. Before depositing money into your account and proceeding with real trading, it is important to review the tools that a particular broker offers its clients. A demo account allows you to quickly test the analyzes offered on the website See what technical analysis tools are available and what you can expect from this company. Once you have all these functions available in your trading simulation, you will better understand how they work and if you have enough tools to trade successfully.
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Open Exness demo account mt4 or mt5 : support for both platforms
Learn how to better navigate the Exness platform Free access to the brokerage terminal allows you to get to know all its features and functions in detail. You are free to try them all without paying a dime. And these methods immediately show the possible consequences of your actions. This helps reduce errors in your live trading account.
1
No risk involved
You can try Forex trading without investing a single dollar. This is the biggest advantage of the demo account. Theoretical knowledge does not protect beginners from pitfalls and risks. And demo trading can provide that opportunity.
2
Access to real-time market data
You can see the actual transaction in real time. The operating principles of financial markets can hardly be understood without personal experience. Trading on a demo account allows you to learn more about the environment. No matter how many books you read on trading, being able to see rate fluctuations with your own eyes makes all the difference. The Exness demo terminal has the same interface as the real money trading platform. And all quotes are true here. With practice you will get it. You will have a better idea of u200bu200bupcoming price changes.
3
Ability to practice trading strategies without risking real money
You can try all trading tools and materials for free. Before depositing money into your account and proceeding with real trading, it is important to review the tools that a particular broker offers its clients. A demo account allows you to quickly test the analyzes offered on the website See what technical analysis tools are available and what you can expect from this company. Once you have all these functions available in your trading simulation, you will better understand how they work and if you have enough tools to trade successfully.
4
Open Exness demo account mt4 or mt5 : support for both platforms
Learn how to better navigate the Exness platform Free access to the brokerage terminal allows you to get to know all its features and functions in detail. You are free to try them all without paying a dime. And these methods immediately show the possible consequences of your actions. This helps reduce errors in your live trading account.
Disadvantages of the Exness Demo Account
While there are many benefits to using a demo account, there are also some drawbacks. These include:
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Inability to make real profits
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No emotional connection to trading
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Lack of urgency and pressure to make good trades
Tips for Using the Exness Demo Account
To get the most out of your Exness Demo Account, there are a few tips you should keep in mind:
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Treat your demo account as if it were a real account
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Practice using different trading strategies
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Keep track of your trades and analyze your performance
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Don't get too attached
Conclusion
If you are new to trading and want to try out different strategies without risking your own money, opening a demo account is a great option. One such option is the Exness Demo Account, which allows you to simulate trading conditions using virtual funds. In this article, we will guide you through the process of opening an Exness Demo Account on both MT4 and MT5 platforms, as well as discuss the benefits and drawbacks of using a demo account.
FAQ
How to open Exness MT4 demo account?
To open an Exness MT4 demo account, follow these steps:
- Go to the Exness website and click on "Register an account."
- Fill in the required personal information and click "Register."
- Verify your email address by clicking on the link sent to your email.
- Log in to your Exness Personal Area and click "Add Account."
- Select "MT4" and "Demo Account" and click "Next."
- Choose your account type, leverage, and currency, then click "Open Account."
- You will be redirected to the MT4 platform, where you can start trading on your demo account.
How to open an Exness demo account MT5?
To open an Exness MT5 demo account, follow these steps:
- Go to the Exness website and click on "Register an account."
- Fill in the required personal information and click "Register."
- Verify your email address by clicking on the link sent to your email.
- Log in to your Exness Personal Area and click "Add Account."
- Select "MT5" and ""Demo Account"" and click "Next."
- Choose your account type, leverage, and currency, then click "Open Account."
- You will be redirected to the MT5 platform, where you can start trading on your demo account.
How do I trade on Exness demo account?
To start trading on your Exness demo account, follow these steps:
- Log in to your Exness Personal Area and select your demo account.
- Click on "Trade" or "Launch Terminal" to access the trading platform.
- Choose the financial instrument you want to trade.
- Select "New Order" and choose the type of order you want to place.
- Set your lot size, stop loss, and take profit levels.
- Click "Buy" or "Sell" to execute your order.
- Monitor your trade and manage your risk by adjusting your stop loss and take profit levels as necessary.
- Close your trade when you reach your desired profit target or if the market moves against you.
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Keep in mind that demo accounts simulate real market conditions but do not involve real money. This means that any profits or losses you make on a demo account are not real and cannot be withdrawn. Demo accounts are designed to help you practice and improve your trading skills without risking your own money.