FXCM Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 29, 2022
Check out FXCM Demo Account or Virtual Trading Platform here.
Forex capital markets is a retail broker that is used by traders worldwide. It is a leading provider of trading on the foreign exchange market.
It aims to provide traders access to the most liquid market globally. ASIC, FCA, and FSP regulate the entire trading that is done through this platform.
This ensures the safety and makes it trustworthy for its users.
It does so by offering innovative trading tools and by meeting strict financial standards.
So, in case you are looking for a way to trade without investing real money, FXCM brings the option of a Demo Account.
It makes it one of the premium entryways into the global market of finance and trade.
This enables its users to gain hands-on experience from many devices as per their comfort and that too for free without risking any money.
The demo account makes it easier for beginners to understand the concept of trading and cut the risks that come with investing money online.
People can easily get acquainted with the platform in very little time and engage in trading as per their choice.
FXCM Demo Account
Forex capital markets provide free demo accounts for its traders.
This feature is entirely virtual and does not need any form of capital investment or charges.
The best part about this demo account is that it comes with some kind of virtual money for the traders to use.
It is variable in amount but is sufficient to carry out trading and gain real-time experience.
This allows the users to experiment and invest without actually putting in the real money.
This also eliminates the risks that come with online trading.
The best part is that this demo account is accessible on all of their MT4, Ninja Trader, Trading Station, and Zulu trade platforms by their demo account users.
So, forget about losing money when exploring the Forex capital markets.
Learn how to acquire assets, trade, invest money, and much more without putting your money in danger.
It is recommended that you register a demo account and devise high-profit trading techniques.
Open Demo Account Now! – Zero Commission on Trades
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FXCM Demo Account Features
Till now we have acquainted ourselves with the demo account on Forex capital markets. Let us also look at some of its features and specifications.
Once opted for, the user is sure to be completely satisfied with the feature-rich platform.
Also, keep in mind that a demo account is much like a real account. Thus, all its features are the same as that of a real account except for the funds involved.
It is time to look at some of the major highlights of FXCM’s demo account.
- To begin with, opening a demo account with FXCM is very easy. Just sign up and opt for a demo account.
- The trading site works well on all the desktop browser platforms such as windows, android, and Mac. It is also functional and supported by Android and iOs application platforms and mobile site platforms.
- The trading platform supports various languages as well which makes it accessible to a large number of audiences. These languages include Arabic, Chinese, English, French, German, Greek, Italian, Spanish.
- It is ASIC, FSP, and FCA regulated which ensures safe and reliable monetary trading online. It also follows all the safety rules and regulations set up for the ease of the participating traders.
- The forex market brokers support CFD trading. It allows trading in cryptocurrencies, commodities, indices, and stocks as well. The supported cryptocurrencies are bitcoin, Ethereum, Litecoin, ripple.
- The platform provides simulated funds and does not need any initial deposit. Such a feature is not available in a trading account. But the user cannot withdraw any profits earned while using the demo account.
- Market research, Trading knowledge along with economic insights and analysis helps the traders strategize and plan before investing and hence reduce risks.
FXCM Demo Account Charges
|Demo Account Details|
The demo account provided by the FXCM is free of any costs and provides virtual funding as well.
In this section, we will learn about the charges associated with a demo account. To trade on forex, creating an account is mandatory.
Opening an account usually deducts a fee/ charge and requires an initial deposit to trade.
Not only that, but a live trading account also charges commission and spread charges as well.
All these deductions make a demo account a better option for new investors who do not have the know-how.
Thus, a demo account does not need any such payments.
Along with that, a fixed amount is already deposited in the account.
It is fake money and is spendable by traders to invest or buy assets. A user cannot use this money for purposes other than trading for practice.
FXCM offers a demo account with a spendable amount which is variable. It does not mandate any initial payment to open a demo account.
How to open FXCM Demo Account?
Now that you are well informed of all the benefits and features of a demo trading account, it will be informative to learn about the process of opening one for yourself.
It doesn’t take much time and is very easy to achieve.
Given below are the steps mentioned that you must follow and get a demo account opened for yourself.
- Go to Google and search for “FXCM”.
- On the website (“www.fxcm.com”), at the center of your screen, you will find an option saying “Try Free Demo”.
- Once clicked on that option you need to fill in the details as asked.
- Fill the form with correct information and details. You will have to enter your country and email and start trading with your demo account.
- Accept the terms and conditions associated with the account. After checking the box and accepting it, submit the form.
- Upon submitting, personnel from the company will get back to you in no time.
- In a similar way, E-KYC is also carried out. Provide genuine identity and house details.
- Finally, you will receive an email that will include your demo account number. It will also have an auto-generated password and an embedded link to access a personal area
- After verification, you are all set to use your demo account to try out trades and activities on the platform.
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Advantages of FXCM Virtual Trading Platform
When it comes to trading, FXCM is an interesting trading platform that is a wonderful alternative for newbies and pros alike.
Not only can you trade cryptocurrencies on the site, but you can also trade equities and commodities.
Economic data and market research only add to its reliability and utility as a trading interface.
Since you will be investing your money and exposing yourself to risks, it is only wise to be a little careful and know what exactly it offers. That is what a demo account does for you.
Here are all the major advantages listed that come with using a demo account type in FXCM.
- Having the same interface, features, and assets makes it an almost real experience for the user.
- It takes out the risk of losses or hasty decisions so there is no chance for you to lose any money.
- Many resources and tools are available, making it convenient for the user.
- A user can try or test out a new strategy and analyze the outcome before investing their money in the market.
- Features like Knowledge, markets, and insights help in understanding the market better.
- It is a great way for beginners to explore and gain confidence in their tactics, strategies without losing any money
Keeping in mind the above-mentioned benefits, have a demo account opened today.
FXCM Demo Account – Conclusion
You must have realized by now all of the advantages and benefits that come with a demo trading account, and you should not delay any longer.
Every other person in today’s society considers trading as a source of income and invests money to increase their savings.
In this instance, there is no better platform than FXCM, which also provides fantastic services
We hope we’ve given you enough information regarding the demo account and how it works. It’s usually a good idea to practice and run before the big game.
A demo account not only offers a large deposit amount, but it is also completely free.
To get the most out of Forex trading, one must take advantage of this free chance.
So, start trading using a demo account today.
Once equipped with all the necessary knowledge and exposure, open a live account. FXCM is one of the best in the market and is sure to bring you the best.
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FXCM Virtual Trading Account – FAQs
Here is the list of FAQs related to the FXCM Demo account:
Does FXCM provide a demo account?
Yes, FXCM offers a demo account in addition to regular trading accounts.
It is free to use and aims to attract new traders by offering them excellent growth chances.
This demo account has same features and tools as the others, but it also allows you to trade a variable quantity.
It is a fantastic opportunity for beginners to put their skills to the test.
How to set up an FXCM demo account?
Opening a demo account on FXCM is an easy process. Go to the official website and click on ‘Try Free Demo’.
Choose and fill the form submitting all details necessary. Once done, go through the KYC process and verify details. You will receive the account’s credentials via email.
Is FXCM virtual trading platform free?
Yes, the FXCM demo account is absolutely free. Payment of charges, commissions, and spreads are some of the other account types.
The demo account does not charge its users anything.
What are the fees of the FXCM demo account?
There is no fee involved with a demo account on FXCM. It is free of any costs. All the trading tools, options, and services available are free of any charge.
There is no least deposit rule and anyone can get a demo account opened. It allows availing all features of a trading account without incurring any expenses
Is AMC levied on the FXCM trading platform?
FXCM does not levy an AMC on its demo account.
There are no fees associated with a demo account.
A user can easily open an account by filling out a form and begin trading. For other account types, an inactivity charge is deductible.
Is the FXCM demo account the best?
Yes, the FXCM demo account is one of the topmost stockbrokers in the industry. It provides a wide range of assets, minimal charges, and competitive leverage.
The demo account includes live charts, market analysis, trading knowledge, and a lot more. With everything best in one place, FXCM holds a name for itself in the market
What documents are required for the FXCM demo account?
A user must present some documents while opening an account.
It can include government-related documentation, evidence of identity, proof of address, and identification cards.
When creating a sample account on the platform, it’s a good idea to maintain these documents on hand.
Is PAN required for opening an FXCM account?
Yes, the broker requires you to provide residence, identity proofs.
At the time of opening an account, the broker may ask for necessary documents.
Although sometimes other government Ids also work instead.
Does FXCM charge demo account opening fees?
No, FXCM does not charge any opening fee for a demo account.
There aren’t any types of charges involved with the demo account. It is free of cost and does not need any payments.
How much virtual money do you get in the FXCM demo account?
To make transactions, the platform provides virtual funds of varying amounts. Yet, the sum is enough to purchase a large number of assets.
Along with it, have a thorough understanding of the platform’s operation. You may learn to execute many transactions at once and explore the FXCM world without taking any risks.
Open Demo Account Now! – Zero Commission on Trades
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