FXPro Demo Account – Opening Process, Charges, Features, Benefits & more
Check out everything about FXPro Demo Account or Virtual Trading Platform here.
FXPro is a renowned Forex Broker which is based in the UK. As of now, there are four reputed organizations that regulate the company.
They are CySEC, FCA, FSCA, and SCB. FXPro is a publicly traded company incorporated in the year 2006. Today, the company has got a global client base monitored by 200+ active employees.
There is more than one reason which makes the company so famous today. However, when we are talking about acquiring new clients, the Demo account plays a crucial role.
So, in this article, we will dive deep to reveal detailed information about the FXPro Virtual Trading account.
We will discuss the pros of opening up a Demo account and talk about the steps to open it.
FXPro Demo Account
Before we talk about the Demo account provided by FXPro, it is essential to know why the company let us use a Demo account, and what is in it for you.
The company can promote its services using the Demo account.
On the other hand, the traders can learn about what they can get.
Now, FXPro uses MT4 as the trading platform for the Demo account they are offering.
So, you can get almost every feature of any Live account as a Demo account.
Open Demo Account Now! – Zero Commission on Trades
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FXPro Demo Account Features
As mentioned before, the company is offering MT4 as the Demo account.
The most significant aspect here is you can use the Demo account without paying anything. You can go ahead and open up a Demo account for free.
It stays active for 30. So, there is no AMC fee. Now, most of the features and functions that a trader typically gets in a Live account are there on the Demo account.
Let’s check on what we will get with the Demo account:
- Let us start with Virtual Money. FXPro is offering $5000 as Virtual Funds. You can use this fund to purchase assets and understand how it feels to be a part of real trading.
- There are loads of tutorials that you can get on the trading platform. While you are using the Demo account, it is your perfect opportunity to educate yourself in trading.
- With the Demo account, you can get Trading Signals, which is pivotal in Live trading.
- The email alerts are there to keep up-to-date with the market conditions.
- Guaranteed Fills / Liquidity can be utilized in the Demo account as well.
- You can learn to use Trailing SP / TP within the Demo account.
- Automated Trading is available. So, you can check out how this works. You can always use this knowledge while you are alive.
- API Trading facility is something that you can learn in the Demo account to put into use in the Live accounts later.
- VPS services are available in the Demo account. Yet another feature that if you can learn to use, you can do wonders.
- Trading from Charts is a faster way to execute orders. Something that the Demo account also permits.
- Scalpers attention as One-Click-Trading is available.
- The Expert Advisor service feeds crucial information, which is one of the primary reasons to use the Demo account.
FXPro Demo Account Charges
|Demo Account Details|
|Virtual Money||$ 5000|
Everybody loves a free service. That is what FXPro is offering. The Demo account that comes with a 30-days validity is 100% free to open.
It is a smart way to know how their services will be on the Live account.
One more interesting fact is there is no AMC or any sort of maintenance fee while you are using the Demo account.
There is a Virtual Fund of $5000, which you can use to purchase assets virtually.
How to open FXPro Demo Account?
Now when we have a brief idea about the Demo account, it is time we explain the simple steps to open a new Demo account:
- First, go to the official website of FXPro. Once you are on the homepage, you need to scroll down the page a bit till you find a pop-up that says “Get Started for Free.” You should see a button that pops up “Create Account.” Click on that.
- Then, you should be able to see a registration form. You should fill-up the form using the correct data. Then click on Register.
- The next step involves completing the KYC. You need to upload all the digital copies of your address proof, identity proof, income proof, and PAN card details. Once you do that, it should complete the eKYC verification.
- After confirming the account is ready, you must download the setup file of MT4, which is the trading platform you will use for the Demo account.
- The final step is to log into the account using the same ID and Password that you have used while creating the account.
- You are good to being trading using the virtual fund.
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Advantages of FXPro Virtual Trading Platform
The Demo account typically serves primary objectives. One, it acts as a tool where new traders, who have low or zero knowledge in online trading, can educate themselves before trading live.
Two, the experienced or old-school traders can transform themselves into a full-fledged online traders. There are other benefits as well.
Let’s take a look at those:
- Of course, when we are talking about advantages, the fact that you can get the service for free is itself the biggest benefit. There is no account opening fee or AMC fee to use the Demo account.
- The trading platform is MT4, which is one of the most popular trading platforms available. The platform is user-friendly with a decent user interface. The smooth navigation allows you to find what you are looking for in seconds.
- The Demo account is available on various platforms. You can access it on your mobile phones, laptops, desktops, and even tablets. The design is super responsive. So, you will not face any issues to use it.
- The Automatic Trading feature is available in the Demo account. So, you can use it to your benefit and can learn it here. Later you can implement this knowledge in the Live account.
- All the alerts and notifications will fetch critical information. You can use them to your benefit for technical analysis.
- Customization in the Demo account is as good as the Live account. Every little detail is there on the platform so that you can capitalize on that.
- You can quickly switch your Demo account to a Live account with just one click.
FXPro Demo Account – Conclusion
FXPro is a company that has everything sorted.
So, the Demo account they are offering contains almost every feature and function that you need to educate yourself.
It is a fantastic initiative from the company that acts as a bridge between a newbie trader with the current trading market.
The best part is, of course, you can learn the art of trading for spending nothing. The Demo account is free to use.
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FXPro Virtual Trading Account – FAQs
Here is the list of FAQs related to the FXPro Virtual Trading account:
Does FXPro provide Demo a/c?
FXPro is indeed offering a Demo account where you can learn FX trading at zero cost.
They are offering $5000 as Virtual Money, which you can use to trade assets just like you might have done in a Live account.
How to Set up an FXPro Demo Account?
First, you need to check the official website of FXPro.
Find the option to open a Demo account.
You must verify your KYC before you begin trading. When the account is ready, download the setup file of MT4, which is the trading platform.
You need to log in using the same credential. Then you can use the Virtual Funds and start trading.
Is FXPro Virtual Trading Platform Free?
FXPro is using MetaTrader 4 (MT4) as the trading platform in the Demo account.
For this Virtual Platform, they are not charging a fee to open or maintain the platform.
What are the Fees of the FXPro Demo Account?
There are several companies that charge for creating a Demo account.
However, such is not the case for the FXPro Demo account.
The company is letting the clients open it for free and there is no AMC or maintenance fee that they charge separately. So, it is 100% free to use.
Is AMC levied on the FXPro Virtual Trading Platform?
There is zero AMC fee for the FXPro Demo account.
The account is valid for 30 days. So, there are no fees to maintain it.
Is the FXPro Demo Account the best?
Arguably, FXPro is among the Best FX Brokers in the world right now.
So, we can hope that the Live account has got all the robust features that any reputed company should provide.
Now, they claim that the Demo account has all those features in-build. So, it is safe to assume the Demo account is efficient enough to learn to trade.
What Documents are required for an FXPro Demo Account?
Here are the documents you need:
- PAN card details, which act as proof that you are a genuine taxpayer.
- Aadhaar Card details will verify two things. First, the identity of the trader, and second, the address of the trader.
- Bank Statement of the last 3 months. This document is your income proof.
Is PAN required for opening an FXPro demo account?
Yes, of course. The PAN card is pivotal to prove that you are a genuine taxpayer.
There, it is an obligatory document that you must submit to open an FXPro Demo account.
Does FXPro Charge Demo Account Opening Fee?
The FXPro Demo account is 100% free to create. It has all the features and functions of the Live account.
How much Virtual Money do you get in an FXPro Demo Account?
The company is offering $5000 as the Virtual Money for the Demo account.
Open Demo Account Now! – Zero Commission on Trades
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