CrescoFX Demo Account mimics a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
Choose your quick section of our CrescoFX Demo Account below.
CrescoFX Demo Account Types Revealed:
Here is an overview of the CrescoFX Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
To set up and register for a demo account with CrescoFX, traders can follow these steps:
- Log onto the CrescoFX website and select the banner on the home page labelled ‘Open a demo account’.
- Next a page will open where traders need to choose to sign up for a demo account through the broker’s proprietary trading platform, or MetaTrader 4.
- Next traders need to complete an online form where they must provide their First and Last Name, telephone number, and email. They also need to accept the Privacy Policy terms and provide permission to be contacted by the broker.
- After submitting the details, traders will receive an email on the address that they have provided which will contain the trader’s demo account number, automatically generated password, and server.
- There will also be an embedded link to activate the trader’s personal area where traders have the option to change their password.
- To make use of the demo account, traders must download the trading platform and log into their account through the platform by using the details provided.
- Traders are instantly redirected to the demo account platform they have chosen where they are free to explore the broker’s offering or to start practice trading, test strategies, and more.
A demo account is basically seen as a practice account since it provided traders with the ability and freedom to explore the broker’s offering without running the risk of sustaining losses through the provision of virtual money with which to practice trading.
For beginners, demo accounts are used to familiarize themselves with the live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.
Advanced traders also utilize demo account as it provides them with the opportunity to explore what CrescoFX has to offer.
Demo Account Features
The demo account offered by CrescoFX 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 significant difference is that the demo account is risk-free since traders make use of virtual funds to conduct their trading. This also entails that they cannot withdraw any profits which are made on the demo account.
When making use of either the MetaTrader 4 or the proprietary Cresco Trader, traders will have access to the various functions, tools, features, and more, which is offered by these trading platforms.
Pros and Cons
| PROS | CONS |
| In-house trading platform is web-based | Demo account expires after 30-days |
| MetaTrader 4 offered | |
| Signing up for a demo account is fully digital |
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FAQ
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 CrescoFX offer a demo account?
Yes.
For how long is the demo account valid?
30-days.
Which live trading accounts does CrescoFX offer?
CrescoFX offers a Standard Account, Gold Account, Platinum Account and VIP Account.
What are the available deposit currencies for a live trading account?
EUR, USD, and GBP.
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