EightCap Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 27, 2022
EightCap demo account or Virtual Trading Platform is all about learning and understanding the basics of online trading.
Most of the prominent trading platforms are offering demo accounts to their users to give them exposure to the advanced services and trading tools of the modern trading terminals.
EightCap demo account is also designed to serve the same purpose and help the traders create trading strategies with experience and practical knowledge.
A demo account is very useful especially for the traders who are new to the trading field and lack confidence in investing their real funds in the live forex market.
In this article, we will discuss everything about the Eightcap demo account and its various aspects.
Read the content meticulously to know the benefits of the demo account and how it is useful to you.
EightCap Demo Account
EightCap is a responsible and prominent trading platform that has brought an assortment of trading services for investors.
It offers a complete Meta Suite to the investors to help them employ the trading practices with utmost efficiency with the most advanced trading tools and features.
It has also rendered a virtual trading platform to its account holders to prepare in advance for better operations in the professional trading account.
The EightCap demo account can be signed up digitally and takes the signup process to accomplish within a few minutes.
The demo account is accessible on all the latest devices including Android, iOS, and Windows.
The traders can apply for a demo account for free and look around the entire account to know what all services, tools, and features the professional trading accounts of EightCap have to offer.
The traders can use all the services and features of the demo account and execute their trading practices with the virtual money they receive from the broker.
It gives them the freedom to experience online trading with no threat of financial loss.
Open Demo Account Now! – Zero Commission on Trades
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EightCap Demo Account Features
The demo account of EightCap is created to provide the core understanding of the trading operations of the professional trading accounts.
EightCap virtual trading platform offers various useful features to its users, some of the demo account features are-
The traders can access the same features, functions, and choices in the demo account that are provided in the live trading account.
The broker provides the virtual money worth $ 1000 to all the demo account holders with the liberty to use it for trading in the real market.
The EightCap demo account provides a stress-free environment to the traders as it gives the flexibility to the users to trade in the live forex market with the virtual money provided by the broker.
The traders can buy or sell major tradable assets in the forex market with no threat of fund loss.
The broker provides the demo account for the MetaTrader suite and provides the traders’ access to both the MT4 and MT5 trading platforms with its demo account.
There are no trading fees, commission charges, demo account opening fees, or any other sort of charges applicable for accessing the EightCap virtual trading platform.
It is available for free for a month and expires after 30 days.
EightCap Demo Account Charges
|Demo Account Details|
|Virtual Money||USD 1000|
EightCap offers two main types of trading accounts including raw accounts and standard accounts.
Both the trading accounts are chargeable and involve certain charges that are to be paid by the traders at different intervals of time.
EightCap provides its virtual trading platform for its traders with a no charges structure to persuade the traders to be a part of the demo account and learn the core areas of online trading to achieve desired results.
Like the professional trading accounts of EightCap, there are no commission charges, spread charges, leverage, initial deposit, brokerage, or any other charges imposed on the demo account.
The traders can apply for a demo account for free and can access its services for free.
How to open EightCap Demo Account?
EightCap demo account is available for both the MetaTrader 4 and MetaTrader 5 trading platforms.
You can download an additional demo account on the MT4 platform, in case you have forgotten your login credentials details or you need an extra demo account.
Steps required for opening the demo account
- Go to the main menu option, choose ‘File’, and click on the ‘Open an Account’ option.
- You can also go to the “Navigator” window and select the same option from the context menu by right-clicking on “Accounts”.
- There is another option to open the demo account. You can visit the navigator window and click right to get the context menu option and thereby reach the demo account opening option.
- Now you will get a list of trading servers in a new window including EightCap Real for live accounts and EightCap demo for demo accounts.
- Choose your preferred server from these two options to proceed. Configure your Demo account parameter.
- Now you can shape the parameters on your demo account and personalize it as per your requirements.
- To open a new demo account, visit the next window, and ensure that you have clicked on the new demo account option before selecting the NEXT option.
- You will get a form, fill the form with the necessary information the broker has asked and submit it to proceed for the next step.
- Now you have to register yourself by filling the application form for demo account opening with accurate information.
- Perform the EKYC step to verify your identity to the broker and be eligible to be associated with the EightCap trading platform.
- The broker will approve your account opening request within 2 working days and sends you an email with account opening confirmation and log-in credentials.
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Advantages of EightCap Virtual Trading Platform
EightCap Virtual Trading Platform comes with an assortment of advantages for the traders who opt for an EightCap demo account. Some of the key advantages are-
- A demo account is a charge-free account that involves no trading fees, commission charges, initial deposit, or any other kind of cost to access the services of the demo account.
- The demo account is one of the best learning tools that offer practical exposure to the advanced features and trading tools of MT4 and MT5 trading accounts. The traders can polish up their trading skills in the EightCap demo account before switching to the professional trading accounts of EightCap.
- The process of signing up for a demo account is fully Digital at the EightCap trading platform and takes only a few minutes to complete the signup.
- The proprietary trading platform is web-based at EightCap.
- You can use the demo account for 30 days which is sufficient time to learn and develop trading skills.
- The broker provides virtual money worth $ 1000 to each of the demo account holders to buy and sell tradable assets in the real forex market.
EightCap Demo Account – Conclusion
Since the demo account is free of cost, it can be concluded that opting for a demo account is a smart choice.
With a demo account, you can experience online trading in the real forex market and see your progress with no risk of your real funds.
At EightCap, you can choose the demo account for your preferred trading terminals offered.
It enhances the chances of profitable outcomes for each of the trading strategies that you make and execute on the professional trading account.
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EightCap Virtual Trading Account – FAQs
Here is the list of FAQs related to the EightCap virtual trading account:
Does EightCap provide Demo a/c?
EightCap virtual trading platform provides its users with a demo account to provide them better assistance in learning how to operate various trading tools and features of EightCap MT4 and MT5 trading platforms.
The demo account is a major learning tool by EightCap as it enhances the trading skills of the new traders and makes the seasoned traders understand the new updates in the trading industry.
How to Set-up an EightCap Demo Account?
Setting up an EightCap demo account includes some of the easy steps such as firstly, go to the main menu option, choose ‘File’ and click on the ‘Open an Account’ option.
Now you will get a list of trading servers in a new window including EightCap Real for live accounts and EightCap demo for demo accounts.
Configure your Demo account parameter and personalize them in your demo account.
To open a new demo account, visit the next window, and ensure that you have clicked on the new demo account option before selecting the NEXT option.
Is EightCap Virtual Trading Platform Free?
The EightCap virtual trading platform involves no charges, it is free.
The account holders who are looking forward to trading with EightCap professional trading accounts can opt for the EightCap demo account for free.
It will help to understand the idea and functionality of the EightCap trading platform.
After using the demo account, they can opt for the professional trading accounts. It is chargeable and the traders are required to pay specific fees at the time of account opening.
What are the Fees of the EightCap Demo Account?
There is no fee for operating the EightCap demo account. The broker provides the virtual money worth the sum of $ 1000 to all of its account holders.
The demo account is a risk-free trading account where traders can execute their trading strategies to know their trading performance.
Is AMC levied on EightCap Virtual Trading Platform?
EightCap Virtual Trading Platform does not involve Annual Maintenance Charges that is AMC.
Is EightCap Demo Account best?
A demo account is a prerequisite for the trading platforms because of the continuous upgrades in the trading tools, features, and options in the professional trading accounts.
EightCap also offers a demo account to serve the same purpose.
The traders can access a demo account on both MT4 and MT5. Hence it is acknowledged as the best demo account provider.
What Documents are required for EightCap Demo Account?
The documents that are required for the EightCap demo account are –
- PAN card
- identity proof
- address proof
- bank statements
Is PAN required for Opening EightCap Account?
PAN is a Permanent Account Number. It is an important document that reflects one’s financial background and identity.
For opening any kind of account with EightCap, PAN is considered a must. You can upload at the time of registration and EKYC.
Does EightCap Charge Demo Account Opening Fee?
For other professional trading accounts, there is a specific fee involved for Account opening with EightCap.
For a demo account, EightCap does not impose any charges on the traders.
How much Virtual Money do you get in an EightCap Demo Account?
At the EightCap demo account, you get virtual money worth $ 1000. It may also vary as per the market condition.
Open Demo Account Now! – Zero Commission on Trades
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