ATFX Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Nov 16, 2022
ATFX is one of the most trusted Forex brokers to date and the popularity of this platform is because of the vast set of features that it provides to its customers and one such feature is ATFX Demo Account which is free of cost Virtual Trading Platform.
The demo account is designed to provide a space for novice users where they can practice trading. This is the first step into the world of trading.
The demo account is recommended because it will help the new users to get acquainted with the features of the ATFX live trading account platform.
The forex broker uses MT4 as their trading platform. The Demo account will also be sponsored by MT4 itself.
In this article, you will see the working of the ATFX Virtual Trading Platform. You will also get a hold of the procedures required to open a demo account.
The features, charges, and benefits are also described in this article.
ATFX Demo Account
The ATFX Demo account helps the traders to get familiar with the ATFX trading environment which is powered by the MT4 trading platform.
The Demo account will have all the features that you can get from a lie trading account.
Additionally, they will provide you with $50,000 worth of virtual money.
This amount can be used to make trades but cannot be replaced with real money.
You will not be able to withdraw the virtual money; neither can you transfer the amount.
The demo account is just for novice users to get familiar with and visualize the online trading process.
Since you won’t be risking any real money, hence you will be in a safe environment and you will be able to trade commodities, Forex, and indices safely.
Since the ATFX demo account is powered by MT4 hence you will also get to familiar with the MT4 online trading platform.
Let us now take a look at the features of this demo account.
Open Demo Account Now! – Zero Commission on Trades
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ATFX Demo Account Features
The ATFX demo account has all the features of live trading account. Here are some of the features pinpointed for your knowledge.
Virtual funds worth $50,000
As a joining bonus, you will get $50,000 worth of virtual money in your demo account.
This money can be used for trading via the demo account, however; you won’t be able to withdraw the money.
The environment will only simulate the live trading process and will not produce the live trading environment in front of you.
Available on all platforms
ATFX demo account powered by MT4 is available on Desktop or PC running on windows. You can easily download it from the ATFX official website.
You can also use it on your android or iOS devices like tablets and smartphones.
The only requirement will be that you have to be already registered for virtual trading with ATFX.
Live market prices to get acquainted with trading
A maximum of the traders starts investing on platforms like this without any knowledge and end up losing all the money.
This is why it is recommended to use the demo account which is free of cost and gives you the same experiences as the live trading platform.
There are tons of other features which are provided with the ATFX demo account.
Out of them, some are Expert advisors for automatic trading, MT4 indicators, and other premium add-ons which can be used for research purposes as well as for testing the strategies on live markets.
You will also get to be familiar with technical analysis as well.
ATFX Demo Account Charges
|Demo Account Details
ATFX demo account set-up charges are free of cost but then you have to verify your account with before you finally get your hands on demo account.
A demo account is like a trial package that helps you to test the platform for your comfortability so that you are not paying for the wrong thing.
The demo account is marketed as a free 30 days trial package only which can be used for research purposes.
However, if you don’t convert your demo account into a live trading account, then your demo account will expire and then you have to request a new account.
Let us now take a look at the processes required to open a demo account.
How to open ATFX Demo Account?
Opening an ATFX demo account powered by MT4 is very easy. Let us take a look at the steps that follow:
- Go to the official website of ATFX where you find an option called, open a demo account.
- Click on the option and it will take you to the next page where you can fill in with your details.
- Your account will then be verified and the login details will be sent to your email ID instantly.
- The information required for a demo account is less but to convert it to a live trading account you will have to provide more information.
- The official term used is ATFX simulator account and you will find this term more frequently so don’t get confused.
- Then you have to download the application based on the type of device you are using. You can download it for your PC, mobile, or tablet. After successfully installing the app you will need to login into the account with the login credentials and then you will be able to take the full benefits of the demo account
- The demo account will have all the features of the live trading account and this will be highly beneficial for traders who want to do research and practice.
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Advantages of ATFX Virtual Trading Platform
ATFX virtual trading platform has lots of benefits and advantages for the users who are novices as well as another level of traders.
Benefits of opening an ATFX demo account include gaining access to one of the most popular trading platforms and its features.
You will be able to use MT$ trading platform premium features with your demo account.
You can trade along with top traders who have awards and recognitions. MT$ or MetaTrader 4 is one of the main attractions for traders because it provides speed, precision, cutting-edge features, and flexibility.
By using the demo account more frequently, you will be able to learn all the ifs and buts of the MT4 live trading account.
The Demo account has virtual money up to $50000 which means you can freely use this money to research more about your strategies such that you can gain maximum profit while in the live trading account.
ATFX Demo Account – Conclusion
The ATFX demo account is a nice feature provided by the broker
It helps to determine the flexibility of the platform and also in turn helps to earn the trust of the customer.
You can use $50,000 virtual money on real trading tools to get an analysis of what profit you will be making with a particular strategy of yours.
The environment is very safe for users who are new as they don’t have to worry much about losing money.
ATFX Virtual Trading platform is also free of cost and you can convert the account into a live trading account with just some extra information that you will need to provide to them.
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ATFX Virtual Trading Account – FAQs
Here is the list of FAQs related to the ATFX Virtual Trading account:
Does ATFX provide Demo a/c?
Yes, ATFX provides a demo account with the help of the famous trading platform which is also known as Meta Trader 4 or MT4.
As a demo account holder, you will have access to all the features of the MT4 live trading platform.
How to Set up an ATFX Demo Account?
Setting up a demo account is free of cost and is very simple. You have to go to their official website and then go to the page named “get a demo account”.
Next, you will have to fill the application and then your account details will be sent to you on your email id.
Is ATFX Virtual Trading Platform Free?
Yes, the ATFX virtual trading platform is fully free of cost and you will also get $50,000 as virtual money in your account.
This money can be used to trade but you won’t be able to use this as real money. You cannot withdraw or transfer the amount as well.
What are the Fees of the ATFX Demo Account?
There are no fees associated with the demo account.
Is AMC levied on the ATFX Virtual Trading Platform?
There are no maintenance charges associated with ATFX virtual trading platform.
The demo account is valid for only 30 days and hence there are no maintenance charges associated with demo account.
Is ATFX Demo Account the best?
The ATFX demo account is powered by the MT4 trading platform.
Meta Trader 4 or MT4 trading platform is a world-renowned platform that is currently being used by millions.
This in turn makes the ATFX demo account one of the best demo accounts.
What Documents are required for an ATFX Demo Account?
As per the KYC verification procedures, you will need to provide them with a driving license, birth certificate, and citizen certificate.
Is PAN required for Opening an ATFX Account?
PAN Card is required to open an ATFX demo account.
Does ATFX Charge a Demo Account Opening Fee?
No, ATFX does not charge a Demo account opening fee.
How much Virtual Money do you get in an ATFX Demo Account?
They will provide you with virtual money worth $50,000. This money you will be able to use only in the demo account provided to you.
Open Demo Account Now! – Zero Commission on Trades
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