Our OneTrade Demo Account Revealed:
How to set up a Demo Account – Step by Step
To register for a demo account with OneTrade, traders can follow these steps:
- Traders can visit the official OneTrade website and select the option to “Open a Demo Account” from the homepage.
- Traders will be redirected to a sing in page where they can select the “Create Account” option at the top of the prompt.
- A new window will open, and traders can register either with their mobile phone or their email address. Despite the option they choose, traders must provide their first and last name, a user-selected password, and their mobile number of email address.
- Lastly, traders must read the terms and conditions and the privacy policy before they can proceed with sign-up.
- Confirmation will be sent to the trader either through email or a SMS, depending on the option that the trader chose. Once traders have received the unique code, they can enter it into the provided field and select “Confirm” to continue.
- Traders will receive a confirmation email with an embedded link which will redirect traders to the OneTrade website where their validation will be completed.
- Traders can use their email and password to sign in and a unique code will be sent to the trader’s email to confirm their sign-in.
- Once traders have signed in, they can select the option to “Open Demo Account”.
- Traders can select their basic currency, leverage, and virtual fund amount before selecting “Create”.
- From here, traders can either use the web trading platform, or they can download MetaTrader 4 onto their desktops or mobile devices.
OneTrade Demo Account Features
The demo account that OneTrade offers is not only intended for beginners who need to gain experience and skills. The demo account also serves as a practice account where traders can test their trading strategies in a risk-free environment which uses virtual funds.
Traders can also use the demo account to explore OneTrade’s offering and to determine whether the trading conditions which are offered suit the trader’s needs and objectives.
Pros and Cons
| PROS | CONS |
| Demo account offered | Registration and sign-up is time-consuming and tedious |
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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 OneTrade offer a demo account?
Yes, OneTrade offers a demo account.
How long is the demo account valid?
Typically, demo accounts are available and valid for 30 days.
Which live trading accounts does OneTrade offer?
OneTrade only offers a single trading account.
Does OneTrade offer an Islamic Account?
Yes, OneTrade offers the option for the live trading account to be converted into an Islamic Account.
What are the available deposit currencies for a live trading account?
- EUR
- GBP
- USD
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