FP Markets Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 29, 2022
FP Markets is arguably one of the best Forex Brokers in the world right now. Find our everything about FP Markets Demo Account or Virtual Trading Platform here.
It is based in Australia and regulated by ASIC and CySEC. The company has been around for over 16 years, and they have been offering quality service for years.
FP Markets is a publicly traded company that has more than 100 employers all around the globe.
FP Markets Demo Account is providing has been one of the significant reasons for the company’s strong client acquisition.
So, it makes sense to talk more about it.
We will talk about the features and function of owning one Demo account, and the steps you can take to create one.
We will also discuss some of the significant benefits, and unveil if there is any cost involved in this or not. So, let us explore.
FP Markets Demo Account
If you are wondering why you need a Demo account, the answer is simple – to practice online trading without taking any risk.
Thus, FP Markets understands this purpose and availed a working Demo account, which you can assess on all the trading platforms that the company is offering.
It is ideal for new traders as they can safely learn the art of online trading without actually investing their hard-earned money.
The FP Markets Demo account is equipped with all the features and functions that you will get on any Live account with the company. Something we will discuss later in this article.
Open Demo Account Now! – Zero Commission on Trades
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FP Markets Demo Account Features
First and foremost, the FP Markets Demo account is free to use. There are no fees involved to open or maintain the account.
Secondly, you will get a virtual fund of $5000 that you can use to buy or sell assets just like any trader does in a live account.
When it comes to functions and features, it is identical to the live account.
So, if you are using a trading platform, you will get all the features in the Demo account similar to what you would have got in any live account.
Now, let us take a look at some of the noteworthy features that you will get with the FP Markets Demo account.
Features of FP Markets Virtual Trading Platform
- The first thing that you should notice is how easy it is to use the trading platform. It is user-friendly, and you can quickly find all the relevant options too.
- You can customize the Dashboard of your Demo account exactly as you preferred. There are tons of customization options that you can check on to find precisely what you are looking for.
- The One-Click-Trading feature is available. So, you can quickly place an order and prepare yourself if, in case, you wish to do scalping.
- The Market Watch feature has all the functions working, which is similar to any Live account. The indicators and charts options are identical too.
- The Demo account is 128-bit encrypted. So, it is equally secure, and you can share information without any worry.
- On top of learning to trade safely, you will also get Expert Advisor (EA) support services. They will be the real tutor for you when it comes to getting helpful and relevant tips.
- You can set customizable alerts based on your preferences.
- There are certain communities that you can always talk to so that you can get decent suggestions.
- The FP Markets Demo account is free to access on mobile phones, laptops, desktops, and tablets. You can find all the versions available on the website.
FP Markets Demo Account Charges
|Demo Account Details|
|Virtual Money||$ 5000|
We have already mentioned this before. FP Markets is offering a Demo account to all the new traders for free.
There are no particular AMC fees or any hidden charges to use the account for practicing online trading.
Now, there is $5000 virtual money that you could spend, which would give you a better idea of using your funds.
How to open FP Markets Demo Account?
You can quickly open up an FP Markets Demo account by following these simple steps:
- The first step is to visit the official website of FP Markets, which is https://www.fpmarkets.com/int/. On the banner, you will see an option, “TRY A FREE 30-DAY DEMO.” You need to click on that link.
- Then a new page will pop up with a registration form. You need to fill it up using accurate information as the agents of the company will verify it later.
- The next step involves eKYC. For that, you need to submit documents that prove your identity, your monthly income, and of course, your address. PAN card information is also mandatory.
- Then you need to download the trading platform and log in using your Demo account credential. After that, you can start trading in the Demo account.
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Advantages of FP Markets Virtual Trading Platform
As mentioned before, the features and functions available in the Demo account are identical to the live account. It is because you will have to use the same trading platforms.
The added benefit is you can do it safely using virtual money worth $5000. The account is free to open, and you can use it for 30 days.
Finally, let us take a look at some significant benefits that you can get by owning an FP Markets Demo account:
- With one Demo account, you can trade between several classes of assets – Forex, Shares, Indices, and Commodities.
- You can execute trades at lightning speed. In that way, you can prepare yourself to become a scalper.
- There are multiple language support services available. So, you can choose the one that you like.
- The company has years of experience. So, that makes the company ideal for any new trader to learn. So, with the Demo account, they can learn it for free.
- The virtual fund that the company is offering is $5000. So, you have to learn to trade on a limited fund. Eventually, it will sharpen up your trading skills massively.
- The Expert Advisor support is always there to take help from. However, you can also look for advice from various communities that you will find with the Demo account.
FP Markets Demo Account – Conclusion
The company is well-versed in every aspect which any decent FX Broker should be, and sure enough, the Demo account is robust too.
You can use MT4 as the trading platform, which itself is a very efficient choice for traders.
All the features and functions are there on the platform. So, you can learn to trade the best way possible.
Add to that is the 30 days free trial. So, you can use the Demo account for free for a month to learn online trading.
At the end of the day, the Demo account is an incredible initiative from the company indeed.
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FP Markets Virtual Trading Account – FAQs
Here is the list of FAQs related to the FP Markets demo account:
Do FP Markets provide Demo a/c?
Yes. FP Markets is offering a Demo account that you can use for 30 days with $5000 virtual funds to spare.
You can use it to be well versed in online trading as well as the trading platform (MT4).
How to Set up FP Markets Demo Account?
You can visit the official site of the company and choose to open a Demo account from there. There is no account opening fee that you need to pay.
Of course, you must submit some documents that the company will ask for and complete your KYC. After that, your account will be ready.
Then, you just download the trading platform after you open a Demo account and start virtual trading.
Is FP Markets Virtual Trading Platform Free?
Yes. The FP Markets Demo account is 100% free to use.
Not only can you open the account for free but also can use the account for 30 days at no further cost.
What are the Fees of FP Markets Demo Account?
There are no particular fees that you need to pay to access the FP Markets Demo account.
Moreover, there is no AMC fee for the account too, as it expires in a month.
Is AMC levied on FP Markets Virtual Trading Platform?
No. There is no maintenance or AMC fee that you need to pay for the Demo account. The account expires in 30 days.
Till then, you can use it for free.
Is FP Markets Demo Account best?
It is arguably one of the best in the market right now.
There is no account opening fee, and you can use it for 30 days.
In this way, you can learn risk-free online trading with $5000 virtual money to use.
What Documents are required for FP Markets Demo Account?
There are some documents that you need to upload at the time when you are creating the Demo account. PAN card detail is mandatory to know whether you pay taxes.
Then there is the Aadhaar card, which acts as an address and identity proof.
However, you can use your Passport too. You need to upload your image, and finally, the monthly income proof. Here you can upload Bank Statements.
Is PAN required for Opening an FP Markets Account?
Yes. PAN card detail verifies you as a genuine taxpayer to the government. So, this document is mandatory to submit.
Does FP Markets Charge Demo Account Opening Fee?
No. The FP Markets Demo account is free to open. In fact, it is a 30 days free account that doesn’t need any maintenance cost either.
How much Virtual Money do you get in FP Markets Demo Account?
You will get $5000 as virtual money once you open up an FP Markets Demo account.
It is valid for 30 days from the time you open the account. This amount is ideal to learn to trade in a limited fund.
Open Demo Account Now! – Zero Commission on Trades
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