Exness demo account is an imaginary or free trading account specially designed for beginners. It’s an ideal way to learn trading without the fear of getting lost and inquire about trading risks. Perhaps a demo account also enables professional traders to explore Exness more and learn new strategies.
Need to create an exness demo Account:
An exness demo account is also designed for newbies to familiarise themselves with the many facets of trading. As a result, a demo account enables traders to learn how to execute orders, manage current trade situations, and perform more complex duties such as analyzing or fine-tuning an investment strategy.
Demo Account key Features:
Whenever you sign up for a Premium Area, a demo account with USD 10,000 virtual cash is automatically established in the Demo page of “My Accounts.”A demo profile is also known as a practice account. It allows traders to examine the broker’s product without the danger of incurring losses by giving imaginary money with which to practice trading.
Differences between demo or live trading account:
A demo account, usually called a practice account, enables the trader to practice trading in a threat-free environment. Demo accounts are frequently appropriate for both novices who need to gain trading experience and expert traders who want to test their trading techniques and examine a broker’s offering before enrolling for a genuine account. It can automatically be deleted after the inactivity of 21 days.
But live accounts need professional skills to operate. Any live account can only be started with real investment and contains various risks of getting lost. Exness provides one Standard Account and multiple Pro Accounts. The Raw Spread, Zero, and Pro Accounts are among the exness live trading accounts.
How to open Exness demo profile:
Creating a demo account with Exness is a quick and easy procedure that comprises the following phases: But first, to gain access to the demo account, traders must install the exness trading platform in their mobile, Mac OS, Linux, or smartphones.
- Access your Personal Area by logging in.
- Navigate to the Demo section of My Accounts.
- Click the Open New Account icon.
- You will be shown all of the account types for which demo accounts are accessible.
- Choose whatever account type you want to use and then click Try Demo.
- On the next page, you may select your preferred trading platform.
- In addition, you may configure the leverage, beginning balance, account currency, account nickname, and trade password.
- Click the Create an Account option
- In the end, activate your demo account
To conclude, Exness is an excellent platform for the EU, UK, and foreign people to trade commodities, FX, or various cryptocurrencies. A demo account will benefit traders by providing a simplified and safe trading environment to trade their favorite currencies with complete confidence.
Whether you are a novice to trading, it is strongly advised that you establish an exness demo account until you become familiar with both your trading strategy and the trading platform.