Min Deposit USD 50 Regulators FCA Trading Platform MT4, MT5, FIX API Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Yes, Valutrades does have a demo account. The Valutrades 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.
Choose your quick section of our Valutrades Demo Account below.
Demo Account Types Revealed:
- ✔️How to set up a Demo Account – Step by Step
- ✔️Demo Account Features
- ✔️Pros and Cons
- Frequently Asked Questions
Here is an overview of the Valutrades Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
Setting up a demo account with Valutrades is an easy and straightforward process which consists of the following steps:
- Traders can navigate to the Valutrades website and select the option ‘Get Free Practice Account’ from the homepage.
- Traders will be redirected to a new page explaining the purpose of the demo account and what traders can expect from their Valutrades demo account.
- Traders can choose whether to open a demo account with Valutrades UK or Valutrades Seychelles. A detailed comparison between the two options will also be provided on the same page.
- Once traders have made their selection, an online application will load, and traders can either enter their information manually, or use their Facebook or Google credentials by clicking one of the respective banners.
- Traders who wish to register manually can provide their First and Last Name, country of residence, contact number, a valid email address, account type, account currency, and the amount of virtual funds that they require.
- Once these fields are completed, traders must provide consent to be contacted by Valutrades by ticking the relevant box and selecting the Captcha before clicking on ‘Login’.
- A new page will load, informing traders that their demo account has been approved and that their credentials have been emailed to them.
- Traders will receive a confirmation email to verify their email address, a second containing their credentials, and a third containing the download link for the trading platform they chose.
- Once traders have downloaded and installed the trading platform, or they access the WebTrader, they can use their credentials to log in and use their demo account.
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 develop their own trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer.
Demo Account Features
The features that traders can expect when using the demo account will depend on what Valutrades makes available in addition to the functions and features that MetaTrader 4 and MetaTrader 5 offer.
Min Deposit USD 50 Regulators FCA Trading Platform MT4, MT5, FIX API Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Tight and competitive spreads | Withdrawal fees charged after first three free withdrawals have been exceeded |
| Low minimum initial deposit charged | |
| Fixed commissions charged on trades | |
| Deposit fees not charged | |
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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 Valutrades offer a demo account?
Yes, this broker does offer a demo account for all new traders
For how long is the demo account valid?
The typical validity of demo accounts is 30 days.
Which live trading accounts does Valutrades offer?
Valutrades only offers an ECN Account.
What are the available deposit currencies for a live trading account?
- AUD
- CHF
- EUR
- GBP
- ZAR
- USD, and more
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