Min Deposit
USD 1
Regulators
FCA, ASIC, FMA
Trading Platform
MT4, Proprietary Platforms
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Our MahiFX Demo Account Revealed:
How to set up a Demo Account – Step by Step
A demo version can be opened for 30 days for any of the three trading software platforms offered by MahiMarkets. Opening a demo version will consist of the following steps:
- Visit the MahiMarkets website
- Navigate to the Software section of the MahiMarkets website
- Choose from either the MFX Compass, MFX Echo or MFX Vector platform options
- You will be redirected to the platform page.
- From here, you can select the option for a 30 days free trial. Submit your request for a free consultation directly to the MahiMarkets support team, on the email address provided.
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money.
A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, managing existing trade positions as well as more advanced functions such as testing or fine tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
MahiMarkets Demo Account Features
MahiMarkets does not offer a demo account in the traditional sense, but rather a free 30 day trial of the three trading platforms offered by the broker, namely the MFX Compass, MFX Echo and MFX Vector platforms.
The demo versions can be applied for along with a free consultancy. When using these demo platforms, traders will be able to test out features specific to each platform.
As such, MFX Compass offers configurable signal pricing and algorithmic risk features; MFX Echo offers markets insights in real time, and MFX Vector is designed to provide customizable algorithmic execution.
Pros and Cons
| PROS | CONS |
| Demo versions available for all three trading platforms | Trading account not available to retail traders |
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Min Deposit
USD 1
Regulators
FCA, ASIC, FMA
Trading Platform
MT4, Proprietary Platforms
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
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 MahiMarkets offer a demo account?
Yes, MahiMarkets offers a free demo trail of all three of its trading platforms.
For how long is the demo account valid?
The free demo trial from MahiMarkets is available for 30 days
Which live trading accounts does MahiMarkets offer?
MahiMarkets does not offer a trading account in the traditional sense, but rather customizable software and consultancy solutions designed for banks, brokers and payment providers. Depending on whether you fall into this category, the offering from MahiMarkets will be tailored accordingly.
What are the available deposit currencies for a live trading account?
Since MahiMarkets does not offer a live trading account for retail traders, deposit currencies will not pertain to the description of the broker’s trading conditions.
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