Yes, a 1Market demo account is available, according to research in South Africa. Traders can navigate to the 1Market website and select the “Demo Account” option to open a demo account. Trading in a safe environment is great for beginner traders that are new to trading.
1Market at a glance
| Broker's Name | 1Market |
| 📍 Headquartered | Marshall Islands |
| 📅 Year Founded | 2021 |
| ⚖️ Regulating Authorities | CySEC, with regulation and licensing through other entities through the parent company, Podora Limited |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic Account (Swap Free) | Yes |
| 👍 Demo Account | Yes |
| 👍 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:30 (Retail), 1:400 (Professional) |
| 💰 Minimum Deposit | $250 (3,860 ZAR) |
| 💳 Deposit Options | Credit Card Debit Card Bank Wire Transfer Neteller Sofort Skrill Paysafecard Rapid Transfer Fast Bank Transfer Global Collect Offline Bank Transfer Online Bank Transfer through Volt (GBP only) |
| 💳 Withdrawal Options | Credit Card Debit Card Bank Wire Transfer Neteller Sofort Skrill Paysafecard Rapid Transfer Fast Bank TransferGlobal CollectOffline Bank Transfer Online Bank Transfer through Volt (GBP only) |
| 💻 Platform Types | ParagonEx WebTrader, MetaTrader 5 |
| 📱 OS Compatibility | Safari, Firefox, Opera Mini, Internet Explorer, Chrome, Linux, Windows, macOS, Android, iOS |
| 📈 Tradable Assets | Forex Commodities Indices ETFs Stock CFDsZero-Commission stocks |
| 👨💼 Languages supported on Website | English, German, Spanish, French, Thai, Indonesian, Italian, Polish, Turkish, and several others |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open a account | 👉 Click Here |
Min Deposit
USD 250
Regulators
CySEC
Trading Platform
MT5, ParagonEx WebTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our 1Market Demo Account below.
1Market Demo Account – 4 Key Points Revealed:
How to set up a Demo Account – Step by Step- 1Market Demo Account Features
- 1Market Pros and Cons
- Frequently Asked Questions
Here is an overview of the 1Market Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
To register a demo account with 1Market, traders can follow these steps:
Step 1: Traders can visit the official 1Market website and select the option to register on the website. The “Register Now” banner can be found at the top right corner of the homepage.
Step 2: Once selected, traders will be redirected to a new page with an online registration form.
Step 3: The form will require that traders provide some basic personal and contact information. Traders will also be required to select a password that they will use when they log into their client area on the 1Market website.
Step 4: Once the required fields have been completed, traders can complete the process and they will be automatic logged-into the ParagonEx WebTrader.
Step 5: Once loaded, the trader’s dashboard will have an option for traders to switch between live and demo mode, with a toggle switch in the appropriate window.
Step 6: This allows users to switch between different modes seamlessly.
1Market Demo Account Features
Demo accounts are important tools that serve several purposes, including:
Practice accounts for beginner traders when they need to gain experience in trading before they go over into a live trading environment where their capital will be at risk.
A risk-free environment where traders can explore what 1Markets offers.
A secure environment where more advanced traders can test their trading strategies before they apply them in live market conditions.
The demo account perfectly mirrors the features and functions of a live account. The difference is that a demo account is funded with virtual capital and traders cannot profit from trades or lose any of their actual capital.
The pricing that traders receive is live and traders can trade across different markets using different trading strategies, without risking their capital. Demo accounts can be used to achieve several objectives and it is known as the best way for beginner traders to approach the financial markets safely.
1Market Pros and Cons
| ✔️ Pros | ❌ Cons |
| 1Market offers a demo account | Limited trading platforms offered |
| Several account types are offered | |
| Well-regulated broker |
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You might also like: 1Market Minimum Deposit
Min Deposit USD 250 Regulators CySEC Trading Platform MT5, ParagonEx WebTrader Crypto No Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Frequently Asked Questions
What is the difference between a demo and a live trading account?
A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.
Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.
Does 1Market offer a demo account?
Yes, 1Market offers a demo account.
How long is the demo account valid?
Unlimited.
Which live trading accounts does 1Market offer?
1Market offers the following live trading accounts:
- ParagonEx Mini Account
- ParagonEx Standard Account
- ParagonEx Gold Account
- ParagonEx Platinum Account
- ParagonEx Diamond Account
- ParagonEx VIP Account
- MetaTrader 5 Standard Account
- MetaTrader 5 Zero Spread Account
Does 1Market offer an Islamic Account?
Yes, 1Market offers the option for an Islamic Account.
What are the available deposit currencies for a live trading account?
The following deposit currencies can be used when traders deposit funds:
- USD
- GBP
- EUR
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