TurboForex Demo Account

How to set up a Demo Account – Step by Step

To register for, and set up a demo account with TurboForex, is not very clear on the broker’s website. Usually, traders can follow these steps:

• Navigate to the specific broker’s website and select the link ‘Demo account’.
• Traders will be instantly redirected to a demo account registration form where they will be required to complete an online form by providing their First and Last Name, telephone number, and email. Traders must also select to accept the Privacy Policy terms and provide permission to be contacted by the broker, with the option of opting out.
• Once traders have submitted their details, they will receive an email at the address that they provided. The email will contain the trader’s demo account number, automatically generated password, and server.
• Next traders need to download the platform offered by the broker after which practice trading can commence.

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders with the opportunity to explore what a specific broker has to offer.

TurboForex Demo Account Features

The demo account offered by a specific broker will mimic a live trading account. Traders should have access to the same functions, features, and options that they normally would on a live trading account.

The only difference is that the demo account is risk-free as traders make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.

When making use of the MetaTrader4 platform, traders will have access to the various functions, tools, features, and more, which is offered by this trading platform.

Pros and Cons

FAQ

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 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 TurboForex offer a demo account?

Yes. The broker does offer a demo account that has the same features as the live account

For how long is the demo account valid?

This information is not clear on the website. Usually, a demo account is valid for 30-days.

Which live trading accounts does TurboForex offer?

TurboForex offers the following live accounts:

• Mini Account
• Standard Account
• Premium Account
• Fixed Account
• Interbank Account

What are the available deposit currencies for a live trading account?

It appears that any currency is acceptable, but it will automatically be converted to USD.