Price Markets does offer traders the option to open a demo account. A 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.
Price Markets at a glance:
| Broker's Name | Price Markets |
| 📍 Headquartered | London, England |
| 📅 Year Founded | 2013 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30 for retail/1:200 for professionals |
| 💰 Minimum Deposit | $5000 |
| 💳 Deposit Options | BankWire, Skrill, CardPay |
| 💳 Withdrawal Options | BankWire, Skrill, CardPay |
| 💻 Platform Types | MetaTrader4, FIX API |
| 📱 OS Compatibility | Windows, Mobile, Web, iPone, iPad, PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Currencies, commodities, and indices |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
Min Deposit USD 5000 Regulators FCA, ESMA Trading Platform MT4 Crypto No Total Pairs 0 Islamic Account No Trading Fees Low Account Activation 24 Hours
Choose your quick section of our Price Markets Demo Account below.
Price Markets Demo Account – 5 key points quick overview:
- ✔️How to set up a Demo Account – Step by Step
- ✔️Demo Account Features
- ✔️Price Markets Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the Price Markets Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
Opening a free demo account with Price Markets will require you to first download the MetaTrader 4 trading platform from the broker, and will consist of the following steps:
Step 1 – Open the demo account tab from the menu
Navigate to the demo account registration portal on the broker’s website.
Step 2 – Download MetaTrader 4
Click on the “Download MT4” button.
Step 3 – Run MetaTrader 4
Run the setup program for MetaTrader 4.
Step 4 – Select the “demo account” option
Select demo (selecting live server will create a real account for you).
Step 5 – Run the program
Run the start-up process to launch your demo account.
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.
Demo Account Features
The demo account from Price Markets is run on the MetaTrader 4 platform, giving you the opportunity to test the software’s trading features before signing up for a real account. As such, you will have access to the following features on the demo account:
➡️️ Wide range of tools available to be used in technical analysis (robots, arrow indicators, scalping indicators, various charts, etc.).
➡️️ Several versions adapted to different environments — PC, MAC, mobile platforms, thus possibility to trade everywhere.
➡️️ A built-in MQL4 programming language that allows you to develop your own indicators and trading advisors.
➡️️ Access to the financial world news line.
➡️️ Access to the “Trading signals” service.
Min Deposit USD 5000 Regulators FCA, ESMA Trading Platform MT4 Crypto No Total Pairs 0 Islamic Account No Trading Fees Low Account Activation 24 Hours
Price Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Comprehensive demo account features | |
| Demo account does not expire |
Conclusion
A 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. Price Markets does offer traders the option to open a demo account.
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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 Price Markets offer a demo account?
Yes, Price Markets offers a free demo account to all new traders.
For how long is the demo account valid?
The demo account from Price Markets does not expire. You can also upgrade to a real account whenever you feel ready.
Which live trading accounts does Price Markets offer?
Price Markets offers two account types for retail traders, namely the Standard Account and the FIX API Account. Professional traders can also open an institutional account with the broker.
What are the available deposit currencies for a live trading account?
With regards to deposit currencies, Price Markets accepts GBP, USD, and EUR only. This is a limited selection, and traders depositing in smaller currencies, such as ZAR/Rand, will incur conversion fees.
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