Our Avatrade Demo Account Revealed:
How to set up a Demo Account – Step by Step
To register a demo account with AvaTrade, traders can follow these steps:
- Traders can navigate to the official AvaTrade website and select the option for a “Demo Account” at the top of the homepage below the orange “Register Now” banner.
- This will load an application form that will offer traders the option of completing a manual registration or using their Google or Facebook credentials to register for their demo account.
- When traders choose the manual registration, they must complete the required fields by providing their First Name, Last Name, a valid email address that will be used for communication, and mobile telephone number.
- Once the form has been completed, traders can proceed, and they will be informed that their registration has been successful.
- Traders will receive an automatically generated password that can be changed later in the “My Account” area of the trader’s dashboard.
- Traders can check their email to find an email that will confirm the registration of their demo account. It will also contain the trader’s login details and all the links that they need to download their trading software of choice.
AvaTrade Demo Account Features
Trading can be extremely intimidating, and therefore AvaTrade offers a comprehensive demo account for beginners. Traders can either use the demo account as a practice account where they can learn about trading, or they can use the account to practice trading strategies before they are applied in a live trading environment.
AvaTrade offers the demo account for 21 days, after which the account will expire. Traders can choose between trading platforms for demo account purposes. When beginners use the demo account as a practice account, they must ensure that they consult AvaTrade’s educational section to gain access to different educational materials that will help them navigate the markets.
A demo account is a powerful and useful tool that can be used by both beginner and professional traders.
Pros and Cons
| PROS | CONS |
| Demo account option offered | The demo account is only available for 21 days |
| A choice between several trading platforms | |
| Educational tools and materials are offered |
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FAQ
What is the difference between a demo and a live trading account?
A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.
Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.
Does AvaTrade offer a demo account?
Yes, AvaTrade offers a demo account.
How long is the demo account valid?
The demo account is valid for 21 days, after which it will expire.
Which live trading accounts does AvaTrade offer?
AvaTrade only offers a single Retail Account. This account can either be upgraded to a Professional Account or converted to an Islamic Account.
Does AvaTrade offer an Islamic Account?
Yes, AvaTrade offers the option for an Islamic Account.
What are the available deposit currencies for a live trading account?
- USD
- EUR
- GBP
- CHF
- AUD
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