TeraFX does offer a Demo Account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses.
TeraFX at a Glance
| 🔎 Broker's Name | TeraFX |
| 🏛️ Headquartered | London, England |
| 📅 Year Founded | 2011 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | $100 / R 1611 |
| 💳 Deposit Options | Bank transfer, Credit card, Debit Card, E-wallets incl. Skrill, Sofort and UnionPay |
| 💳 Withdrawal Options | Bank transfer, Credit card, Debit Card, E-wallets incl. Skrill, Sofort and UnionPay |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, commodities, indices |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit USD 100 Regulators FCA Trading Platform MT4 Crypto Yes Total Pairs 59 Islamic Account No Trading Fees Low Account Activation 24 Hours
Choose your quick section of our TeraFX Demo Account below.
TeraFX Demo account – 7 key points quick overview:
TeraFX at a Glance- TeraFX Demo account – 7 key points quick overview:
- How to set up a TeraFX Demo Account – Step by Step
- TeraFX Demo Account Features
- TeraFX Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the TeraFX Demo Account as well as the features that are offered.
How to set up a TeraFX Demo Account – Step by Step
TeraFX offers a free demo account to new clients, which can be opened with the following simple steps:
Step 1 – Open Your Account
- Navigate to the demo account registration portal on the broker’s website.
Step 2 – Fill out the form
- Complete the online registration form by providing your full name, email address, and contact number.
- Read and accept the terms and conditions.
- You must be over 18, and indicate as such, before submitting your demo application.
- Click “open demo account” to submit your application.
Step 3 – Download the Platform
- A new page will load with the download links to MetaTrader 4 for desktop and mobile devices. An email will be sent to the address the trader provided, containing their demo account login details.
- After MetaTrader 4 has been downloaded and installed, the trader can use these credentials to log into their demo account from the trading platform.
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, and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
TeraFX Demo Account Features
The demo account from TeraFX allows new traders to test the broker’s trading features before signing up for a real account.
The demo account comes funded with $10 000 / R 162 421 in virtual currency and provides access to live prices and orders while allowing users to develop their skills in a risk-free environment.
While testing the MetaTrader platform, traders will have access to the following features:
EAs welcomed
Backtesting
Customizable drag-and-drop charts
40+ technical indicators.
Add drawings and annotations
Multilingual support
26 European and Asian languages
Instant trade execution ticket or place advanced orders to be managed by the platform
Stop, Limit, Take Profit, and Trailing Stop Orders supported
Min Deposit USD 100 Regulators FCA Trading Platform MT4 Crypto Yes Total Pairs 59 Islamic Account No Trading Fees Low Account Activation 24 Hours
TeraFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Access to live prices | |
| Access to MetaTrader suite of platforms | |
| Comprehensive demo account | |
| Easy demo account registration process | |
| Excellent customer support |
Conclusion
TeraFX does offer a Demo Account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses
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Frequently Asked Questions
Can traders from South Africa open a demo account with TeraFX?
Yes, TeraFX accepts clients from South Africa. Traders can open a demo account and a live trading account. Min deposit for the live account is $100 / ZAR 15000.
For how long is the demo account valid?
The broker does not indicate an expiry date for the demo account. Most demo accounts will expire after 30 days.
What is the difference between a demo and a 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.
Which live trading accounts does TeraFX offer?
There are three account options for retail traders, each aimed at traders with various experience levels. These consist of the Standard Account, Premium Account, and ECN Account.
What are the available deposit currencies for a live trading account?
TeraFX accepts USD, EUR, GBP, and PLN as deposit currencies. This is a limited selection, and traders depositing in smaller currencies, such as ZAR/Rand, will incur conversion fees.
