Demo accounts provide the opportunity to work in a training mode without real money, allowing to test a trading strategy.
- Furthermore, having a demo account on MT5 is double the value as the platform has numerous applications.
- Demo Account Opening - Accounts - MetaTrader 5 Android Help
- Demo Account Opening - Accounts - MetaTrader 5 iPhone/iPad Help
- GO Markets Ltd does not provide investment and ancillary services to clients residing outside of the European Union and the contents of this website are not intended for use by anyone residing outside of the European Union.
- Demo accounts provide the opportunity to work in a training mode without real money, allowing to test a trading strategy.
- Getting Started - MetaTrader 5 Help
- This section contains basic information you need to know to get started with the platform.
- Open Demo Account
They have the same functionality as the real ones. The difference is that demo accounts can be opened without any investment and, therefore, one cannot expect to profit from them.
Select a server
To open a demo account, tap on the account management page. Next, select "Open Demo Account".
How to trade on the MetaTrader 5 app
Select a server At this stage, you select a server a brokerage firmon which the demo account will be opened. By default, the list does not display all available servers. In order to find the server of your broker, start typing its name into the search bar. Search results are displayed after you type three characters.
Contact your broker to know the server name. Tap on the desired server line to select it. Account Parameters Specify the following account parameters here: Name — the full name of the user, no less than eight characters long. Phone — contact phone number in an international format.
Improve Your Strategy
E-mail — e-mail address, for example: "john smith. Use hedge — enable this option to open an account with the hedging position accounting systemwhich allows having multiple open positions of the same symbol simultaneously, including positions in opposite directions.
Otherwise, an account with the netting position accounting system will be opened for you. Types of account that are available to you depend on the broker.
MetaTrader 5 Android Help
Account Type — select the type of accounts supported by the broker. Leverage — ratio between borrowed and owned funds for trading.
Deposit — initial deposit in the basic currency. To open an account, tap the "Register" button at the top of the window.
Completion of Account Registration After some time a new demo account will be allocated to you. Its parameters will be displayed as shown above. Login — the number of the opened account.
Password — a password to access the account. This is a master password, which allows to perform trade operations on this account.
MetaTrader 5 Help
Investor — investor password. It allows you to connect using this account, view its state and analyze price dynamics, but it does not allow trading. If you have any problems with account registration, please contact your broker's technical support team. If extended authorization mode is used for demo accounts, a special security certificate will be automatically generated and installed when opening an account.
More information can be found in "Extended authentication".
Using the "Copy to clipboard" button, you can copy the parameters of the opened account to clipboard in order to mt5 demo account them in any other application. To complete the account opening process and connect to it, tap "Done" at the top of mt5 demo account screen.
Change Settings What are Cookies? Cookies are small data files. When you visit a website, the website sends the cookie to your computer.