FX Arena 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 FX Arena Demo Account below.
FX Arena Demo Account Types Revealed:
Here is an overview of the FX Arena Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
To register for, and set up a demo account with FX Arena, traders must visit the website and follow the simple steps.
New accounts are applied for online and processed according to established industry standards.
You can open live account or demo account (also called practice account) from start to finish on the FX Arena website and choose to open a demo account first. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.
FX Arena accounts can be opened in USD.
An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.
Note that this ‘Know Your Client (KYC) process, may only be necessary once you decide to move forward and work with real money.
Follow these steps to open an account:
Ensure that you have your email address and ID ready
Select the country of residence and your currency, if applicable
Choose that you want to try a demo account
Provide basic personal information requested
Proceed through the KYC process if needed and get approved.
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what FX Arena has to offer.
Demo Account Features
FX Arena’ demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Contests offered | Few participants |
| Demo account available | No information about the company |
| MetaTrader 4 and MetaTrader 5 available | No regulation |
| No traditional trading available |
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Frequently Asked Questions
Does FX Arena offer a demo account?
Yes, a demo account option is available from FX Arena.
How long is the demo account valid?
The FX Arena demo account can be used for a period of 30 days.
Which live trading accounts does FX Arena offer?
- STP Forex CENT
- Forex Standard
- DMA Standard NDD
- DMA Pro STP
Does FX Arena offer an Islamic Account?
No, FXArena does not offer an Islamic trading account.
What are the available deposit currencies for a live trading account?
Deposit currencies for FX Arena is USD/United States dollar.
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