Go Markets Demo Account – Opening Process, Charges, Features, Benefits & more
Get to know everything about Go Markets Demo Account or Virtual Trading Platform here.
Go Markets is a trading platform that offers different types of professional accounts to its traders to suit their various needs.
It has launched a demo account, especially to the aspiring traders who like to explore trading fields before investing and need risk-free exposure in the forex market.
Suppose you are also looking to start a demo account with Go Markets; then this article is for you.
We are here to provide you all information about the Go Markets Virtual Trading account, its advantages, features, and various costs involved if any; while opening the demo account, along with a detailed discussion about its multiple aspects.
Go Markets Demo Account
Demo Account is an online trading forum intended to help the new traders and the veteran traders understand the functionality and various trading tools of the professional trading account of the particular trading platform.
Go Markets offers a demo account to its traders to serve the same purpose of letting them look around and check the account and apply its trading tools without paying any cost or charges for it.
Also, the broker provides a sum of virtual money that can be used to buy and sell commodities and tradable assets in the real trading market.
Though the money is virtual, there is no financial risk involved, neither can the trader earn any profits.
Go Markets provides the demo account on its various platforms to its traders and does not involve any kind of brokerage fee to access the account.
After getting a complete understanding of operating the demo account, the traders can switch to the professional account and start trading.
Open Demo Account Now! – Zero Commission on Trades
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Go Markets Demo Account Features
Demo Account is an offering in itself as it is designed with an intention to help the traders learn and understand the trading operations.
Go Markets Demo Account gives a scope of learning trading to its traders without any restraint and helps them get the realistic experience of trading without any investment.
It gives them a free account with no financial risk to let them trade smoothly and understand the real market conditions.
No charges to open the account
The traders can use the demo account before using the professional demo account. There are no extra charges involved while opening the demo account.
Virtual funds worth $50,000
The broker provides to demo account holders $50 000 as virtual money to give them an opportunity to trade freely in the trading market and get practical experience of trading.
Real-time spreads and charts
In the demo account, the traders can see the real-time spreads and charts and act accordingly to execute their trades. It is a great exposure that helps the traders assess their trading skills.
More than 80 technical analysis tools:
Go Markets demo account provides access to 80 analysis tools to its traders and serves as a vast learning platform.
24/5 multilingual client support:
It also offers complete back-end support in different languages to serve traders all across the world during the official working days of trading.
Gives admittance to all types of trading accounts, platforms, and products of Go Markets.
Go Markets Demo Account Charges
|Demo Account Details|
Trading Account involves many types of charges that have to be paid by the account holder at different periods while using the trading account and executing trade practices.
All the changes implemented in the particular trading account, depending on the type of account and the services and trading tools, opted for trading practices.
Go Markets recognizes the importance of virtual trading for new traders to help them understand the various trading tools and skills.
It is also helpful for seasoned traders who need to know about the latest trading tools and advancements in the trading industry.
Go Markets Virtual trading platform is absolutely free of cost for its traders and implies no minimum deposit amount, commission charges, trading fees, spread charges, inactivity fees, etc.
How to open Go Markets Demo Account?
Go Markets virtual trading platform is easy to open and involves a few simple steps to get the account opened within a single day.
The steps to be followed to set up the Go Markets demo account are-
- First of all, browse the website and search for the Demo Account page. You will get two options “Create Account” and “Try Demo Account.” Click on “Try Demo Account,” and you will get small form-like sections requiring crucial information about your identity, location, and preferred trading account.
- Since Go Markets offers both MT4 and MT5 trading platforms for a demo account, you can choose one as per your suitability. You will have to choose the type of currency as well, you want to trade with. At last, after filling all required sections, you can click on the option “Submit.”
- After submission, you will get a Registration Application to apply for a demo account as an account holder. Enter all the details with precision to provide accurate data.
- Now, you have to move on to the next step: “Verify your identity”. Verification is the crucial step as it not only confirms the trader’s identity but also ensures the safety and security of the trader’s account and funds. In this step, the trader must show their vital documents to validate their identity and ensure their present fiscal status.
- Once the verification process is done and the application and documents are verified. The broker will agree to the trader’s application and approve the request of opening a demo account for them. It takes 1 to 2 working days to open the Go Markets demo account.
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Advantages of Go Markets Virtual Trading Platform
Here are varous benefits of Go Markets Virtual Trading Platform –
- Go Markets demo account offers the coverage of the real trading atmosphere without involving any kind of monetary risk.
- Go Markets offer MetaTrader 4 & MetaTrader 5 platforms to access demo accounts and help the new traders get familiar with the professional Go Markets trading platform prior to going live. A demo account lets you check your trading skills and even helps you discover your ability to use Expert Advisors.
- The broker provides a huge sum of virtual money worth $ 50 000 to let you trade in the real market where you can trade in different tradable assets such as Forex, Indices, Commodities, and Cryptocurrencies as CFDs. This way, you can enhance your trading strategies and boost your confidence for trading with actual money in Go Markets’ professional trading account.
- Demo account also provides various automated tools and services to let beginners get practical exposure to using them.
Go Markets Demo Account – Conclusion
Since we have discussed each aspect of Go Markets virtual trading platform, now you have a clear idea about how to set up a demo account, what are its features and advantages and if there is any cost involved in opening the demo account with Go Markets.
You can now examine the information provided and decide whether you want to opt for the demo account first before opting for the professional trading account to exercise better trading practices with better preparations.
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Go Markets Virtual Trading Account – FAQs
Here is a list of Top FAQs related to Go Markets Virtual Trading Account –
Does Go Markets provide a Demo account?
Go Markets is a well-known Australia-based online trading platform and hence deals in various types of trading accounts such as GO Plus account, Company or Corporate Account, Trust or SMSF Account.
It has also designed a demo account and has provided it for free for all of its traders. It offers the demo account on the MT5 Platform.
How to Set up a Go Markets Demo Account?
Go Markets offers a user-friendly demo Account that can be accessed with few easy steps.
Visit the website, and land on the Demo Account opening option. Click on “Try Demo Account” and load the form with the required information about you. It will also ask for your suitable Platform, choose as per your inclination and select the “CREATE ACCOUNT” option.
Now, there are two more steps involved including the Application form for registration and the EKYC process. EKYC is an important step that needs to be done accurately with proper documents.
Once all the formalities are done, the broker will open your account within 2 to 3 working days excluding holidays.
Is Go Markets Virtual Trading Account Free?
Go Markets Virtual Trading Account is free for all of its traders.
Traders can open a demo account and access its services without paying any commission or brokerage charges.
It also does not include any initial deposit to be maintained in the account as a minimum balance.
There are no trading fees or any other fees involved to access Go Markets virtual demo account.
What are the fees of the Go Markets Demo Account?
Go Markets demo account does not involve any fees. It is free to use by all of its traders and allows them to take a tour of the account and recognize its diverse trading tools and functions.
Is AMC levied on Go Markets Virtual Trading Platform?
AMC is not levied on Go Markets Virtual Trading Platform.
Go Markets demo account does not involve any maintenance cost at any interval of time and is a charge-free account.
The traders can employ its various services and tools without paying any brokerage fees.
Is the Go Markets Trading Game the best?
Yes, Go Markets provides an excellent demo account with over 80 analysis tools, 24×5 multilingual customer support, a free-of-cost demo trading account, access to active spreads and charts.
What Documents are required for Go Markets Demo Account?
There are some of the important documents that need to be presented to the broker when opening the demo account.
These documents are important to show to authenticate the account holder’s identity and maintain the personal data records. The documents to be presented are-
- A PAN card.
- A valid passport.
- National Identity Card.
- Any Government ID, such as a Driver’s License or State ID.
- Bank statements
- Address proof.
Is PAN required for Opening Go Markets Virtual Account?
PAN is an identity proof and a gateway that shows your financial status.
Yes, PAN is required for Opening Go Markets Virtual Account to complete the EKYC process.
Does Go Markets Charge Demo Account Opening Fee?
Go Markets has put forward a demo account with an intention to help beginners enhance their understanding about different types of trading aspects and hence they have provided a Go Markets Demo Account for free.
The traders can use the trading account to take a tour of the entire account and check all of its offerings.
How much Virtual Money do you get in Go Markets Demo Account?
Go Markets Demo Account provides virtual money worth $50,000 to its traders.
The virtual money can be used to buy and sell major markets without using the real funds and allow the traders to execute their trade in the active trading market without the stress or risk of any monetary loss.
Open Demo Account Now! – Zero Commission on Trades
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