BenchMark Finance does offer a free demo trading account for beginners to start training on. Practice forex trading in a 100% risk-free environment. The demo account expires after 30 days and account holders can request that BenchMark Finance assists in changing the Demo Account into a live trading account.
BenchMark Finance at a glance
| Broker's Name | Benchmark Finance |
| 🏛️ Headquartered | Bulgaria |
| 📅 Year Founded | 2003 |
| ⚖️ Regulating Authorities | FSC, CNMV, BaFin, CONSOB and AMF |
| ⏳ BaFin | Number 5279 |
| ⏳ CONSOB | Number 75973 |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 📎Sign up Bonus | No |
| 👍 Demo Account | Yes |
| 📌 Account types | One account for live trading |
| 📎 Commission | 0% deposit and withdrawal fees |
| 📎 Spreads | 0.1 minimum spread eur/usd |
| 📎 Leverage | 1:400 leverage |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:30 for retail and 1:400 for professional |
| 💰 Minimum Deposit | $ 0 |
| 💳 Deposit Options | Debit Cards, Credit cards, Bank Wire Transfer, Funds Transfer |
| 💳 Withdrawal Options | Debit Cards, Credit Cards, Bank Wire Transfer, Funds Transfer |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5 |
| 📱 OS Compatibility | Web browsers, Windows, Linux iOS, Android |
| 📈 Tradable assets offered | Forex, Stocks, Metals, Oil, Indices, Cryptocurrencies, Futures and CFDs |
| 👨💼 Languages supported on Website | English, Russian, Turkish, Spanish, French, German, Chinese, Polish, Bulgarian |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
Min Deposit
USD 0
Regulators
FSC, CNMV, BaFin, CONSOB, AMF
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
180
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
BenchMark Finance Demo account – 6 key points quick overview:
BenchMark Finance at a glance- BenchMark Finance Overview
- How to set up a BenchMark Finance Demo Account – Step by Step
- BenchMark Finance Demo Account Features
- BenchMark Finance Pros and Cons
- Frequently Asked Questions
BenchMark Finance Overview
A demo account is the same as a practice account since it provides traders with the ability and freedom to explore what the broker offers without running the risk of suffering losses since you trade with virtual money with which to practice trading.
Beginner traders can also use demo accounts to familiarize themselves with a live trading environment. They can build up their trading skills by actively participating in trades and developing their own trading strategies.
Demo accounts are not only available for beginners but it can also be used by more advanced traders who would like to compare brokers and explore what Benchmark Finance has to offer.
How to set up a BenchMark Finance Demo Account – Step by Step
1. Step 1 – Register an account
Go to the homepage of Benchmark Finance’s website and select the option ‘Demo Account’.
2. Step 2 – Details on Demo account
A new page will open where traders will get information on the features of a demo account. They will also be provided with the option to download the MetaTrader 5 trading platform.
Now you click on the banner “Open a demo account in MetaTrader 5 Web version”. Traders also have the option to open a demo account in the older version of MetaTrader 4.
3. Step 3 – Details on Demo account
On the new page that opens traders are requested to complete the online registration form by providing their first and second name, email, and telephone number. Traders also need to tick the block where you agree with the terms and conditions of the broker.
Once this is done, traders can start using the demo account to explore the trading platform and t what the broker offers.
BenchMark Finance Demo Account Features
The demo account offered by Benchmark Finance mimics a live trading account where traders have access to the same functions, features, and options that they normally would on a live trading account.
The only difference is that the demo account is risk-free as traders make use of virtual funds to conduct their trading. This means that traders cannot withdraw any profits which are made on the demo account.
With Benchmark Finance, traders can expect the following features when opening a demo account:
- A virtual balance of $ 100 000
- Access to various free educational tools and resources
- The chance to trade in real-time market conditions
- 24/5 customer support
BenchMark Finance Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account offered | Limited account currencies accepted |
| Offers commission-free trading on most financial instruments | Limited payment methods |
| Offers tight spreads | No Islamic Account offered |
| Over 30 000 financial instruments to trade with | No US clients accepted |
| Trading done on MetaTrader 4 and MetaTrader 5 | Restricted leverage for retail clients |
| Well-regulated though various regulatory entities in the European jurisdiction | No referral bonus offered |
| Offers competitive and attractive trading conditions | No welcome bonus, deposit bonus, and no other broker bonuses offered with first time sign up |
| Can access all free educational resources on offer | Demo account expires after 30-days |
| Demo account sign-up fully digital | Only offer MetaTrader 5 for demo account offered |
| Have access to all tradable financial instruments | |
| Offers adequate virtual funds and have an option to add more | |
| Sign-up completed in minutes |
BenchMark Finance Conclusion
BenchMark Finance does offer a free demo trading account for beginners to start training on. Practice forex trading in a 100% risk-free environment. The demo account expires after 30 days and account holders can request that BenchMark Finance assists in changing the Demo Account into a live trading account.
Min Deposit
USD 0
Regulators
FSC, CNMV, BaFin, CONSOB, AMF
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
180
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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Frequently Asked Questions
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Benchmark Finance offer a demo account?
Yes.
For how long is the demo account valid?
30-days.
Which live trading accounts does Benchmark Finance offer?
Benchmark Finance only offers only a Retail Account and a Professional Account.
What are the available deposit currencies for a live trading account?
EUR and USD.
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