The best part about this demo account is that it comes with some kind of virtual money for the traders to use. The company also takes seriously its commitment to developing the skills of their traders. Seminars in London are available on the first Wednesday of each month, while for those for whom this is not convenient, live interactive classrooms are held online. There is no need to worry if a session is missed, as thanks to the webinar archives, it is easy to catch up. They offer a large video library and a number of training manuals to help increase a trader’s competency. With access to tools such as analysis charts, a free daily newsletter and an economic scanner, you can stay current with all the latest news and new developments.
We hope we’ve given you enough information regarding the demo account and how it works. A user cannot use this money for purposes other than trading for practice. So, in case you are looking for a way to trade without investing real money, WorldTradex brings the option of a Demo Account. It does so by offering innovative trading tools and by meeting strict financial standards. The FTA has strict regulations on keeping clients’ money separate from company money, and regular checks are carried out to ensure the firm has sufficient liquidity. WorldTradex clients will be protected under the Financial Services Compensation Scheme (FSCS).
FXTM Account Opening
Their availability across the jurisdictions may vary based on the local regulatory trading framework. Here are all the major advantages listed that come with using a demo account type in WorldTradex. Till now we have acquainted ourselves with the demo account on Forex capital markets. The best part is that this demo account is accessible on all of their MT4, Ninja Trader, Trading Station, and Zulu trade platforms by their demo account users.
You may learn to execute many transactions at once and explore the WorldTradex world without taking any risks. This demo account has same features and tools as the others, but it also allows you to trade a variable quantity. ASIC, FCA, and FSP regulate the entire trading that is done through this platform. To make transactions, the platform provides virtual funds of varying amounts. A demo account not only offers a large deposit amount, but it is also completely free.
Using a demo trading account offers a platform to develop and enhance traders’ trading skills. Traders can practice reading charts, executing trades, and analyzing market trends without the pressure of financial loss, which helps them be better prepared for live trading. Using an WorldTradex demo is likely to give you a good idea of whether you want to open a real account at WorldTradex and which platform is the most suitable for you. However, with the aforementioned limitations on demo accounts, you may still have some doubts. Even an experienced trader who has been using the WorldTradex MT4 demo may be unsure if this type of platform is the right one for them.
- It might also be a good idea to try two or more of the demos, so you can compare the Zulutrade demo with the WorldTradex MT4 demo to get a feel for how the different platforms operate.
- However, our verdict is to urge caution, particularly if you are new to trading or the type of trading platform you are considering.
- Traders can also enter short and long positions on stock prices of different companies from major stock exchanges.
- You may learn to execute many transactions at once and explore the WorldTradex world without taking any risks.
- Opening an account usually deducts a fee/ charge and requires an initial deposit to trade.
- Using the demo programs is risk-free, allowing you to try spread betting and CFD trading without losing any real capital.
Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for https://worldtradex.site/ those who lack proficiency and sufficient experience. The process of opening an account with FXTM is streamlined and easy to complete.
Some demo accounts are time-limited, while others offer unlimited access. The trader should choose one that aligns with their learning timeline. Additionally, reviewing available features, such as charting tools and technical indicators, is essential for a complete learning experience. The trader should ensure that the demo account uses the same trading platform they intend to use for live trading, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
Practice Trading Forex Risk Free
Once opted for, the user is sure to be completely satisfied with the feature-rich platform. Learn how to acquire assets, trade, invest money, and much more without putting your money in danger. It makes it one of the premium entryways into the global market of finance and trade.
Advantages of WorldTradex Virtual Trading Platform
When signing up for a demo account, WorldTradex provides £5,000 of virtual money, allowing you to see what returns you might be able to get when you trade for real. WorldTradex has good customer support on offer 24/7 and has multiple offices across the world, including in London, New York, Berlin, Sydney and Hong Kong. It offers a number of trading platforms, including the popular Trading Station, Metatrader 4, Ninjatrader and Zulutrade. It is beneficial for the demo account to allow for customizable virtual funds that reflect the trader’s planned live trading balance. This ensures the practice experience is more aligned with the trader’s financial strategy. It is important to check if the demo account provides real-time data and mirrors live market conditions.
Form Submission Error
Stratos Global LLC (“WorldTradex”) is incorporated in St Vincent and the Grenadines with company registration No. 1776 LLC 2022 and is an operating subsidiary within the Stratos group of companies. WorldTradex is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. The trading portfolio of FXTM comprises 1,000+ instruments featuring ultra-low spreads and lightning-fast execution. The main markets supported by the broker include Forex, Metals, Stocks, Stock CFDs, Commodities, Indices, and Cryptocurrencies.
Margin trading involves a high level of risk and is not suitable for everyone. Margin Forex and CFDs are highly leveraged products, which means both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford to incur losses. The third account option, Advantage Stocks, features spreads from 6 cents and zero commissions. The first two account types offer leveraged trading, whereas the third is a non-leveraged type.
Differences between Live and Demo Accounts with WorldTradex
- The demo account provided by the WorldTradex is free of any costs and provides virtual funding as well.
- The primary differences are the lack of exposure to trading psychology and the absence of actual trading, profits, and losses.
- Last but not least, the cryptocurrency market, featuring unrivaled price swings, has attracted traders willing to speculate on the price movement of Bitcoin, Ripple, Ethereum, and more.
- This helps the trader learn how to place orders efficiently without encountering technical issues.
- This variety allows the trader to practice different market strategies and gain a comprehensive trading experience.
This ensures the practice closely simulates real trading, allowing the trader to prepare for actual market fluctuations. New traders are reminded that trading on a demo account can be significantly different to live trading, and traders should be aware of these differences when operating a demo account. WorldTradex is a reliable company with a good level of customer service, so if you are considering an account with them, the WorldTradex demo account is a good way to familiarise yourself with their platform. Given the limitations of a demo account, it can be tempting to jump straight into the real thing. However, our verdict is to urge caution, particularly if you are new to trading or the type of trading platform you are considering.
