Nadex Demo Account – Opening Process, Charges, Features, Benefits & more

Nadex trading platform comes with all the advanced features and trading tools and a free demo account for its users.

A demo account is a significant offering designed exclusively to assist the users in operating an online trading platform.

It is mainly intended for the new traders who need to polish up their trading skills and boost confidence before investing their funds in the live forex market.

Nadex offers a demo account and includes various exciting features that make the Nadex demo account stand out in the trading industry.

In this article, we will discuss all the Nadex demo accounts, their offerings, and all of their features.

Read this write-up thoroughly to know all about the demo account, its features, set up process, owning process, trading charges, and more.

Nadex Demo Account

Nadex offers a demo account for both professional accounts, including individual and business accounts.

The Nadex virtual trading includes all the advanced features and trading tools like the professional trading account to let the traders experience trading practically with the help of a demo account.

The Nadex demo account is provided to the users for 30 days. After 30 days, the account expires; however, in case of a request to the broker via application, the broker may extend the duration of the demo account.

The broker offers virtual money worth $ 10,000 to each demo account holder to use that money to execute a trade in the actual trade market and foresee if the trading strategy is effective.

It does not involve any monetary risk as virtual money and involves no profit and no loss.

Open Demo Account Now! – Zero Commission on Trades

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Nadex Demo Account Features

Below is the list of features related to the Nadex demo account:

Virtual money

Nadex trading platform offers all of its users a sum of virtual money worth $ 10,000.

The users can use this virtual money on the active forex market and practically buy and sell the financial instruments.

It provides practical trading knowledge to the users with no monetary risk involved.

Like a live trading account

The demo account is the same as the live trading account.

The user can access all the trading features, services, and other offerings like the live trading account.

One month duration

The Nadex demo account is available for 30 days. After 30 days, the account expires.

No profit and no loss

Demo account does not involve any profit or loss since it involves trading with virtual money.

Learning platform

It has a learning platform that offers a practical understanding of the online trading platform and its operations.

Accessible on all devices

The users can download and access the Nadex demo accounts on any of the latest devices, including iOS, Android, Windows PC, and others.

Free of cost account

The demo account involves no funding and no investment. It is available for free to be used by Nadex users.

Nadex Demo Account Charges

The Nadex trading platform has developed two types of trading accounts for its users, including individual and business accounts.

Both the trading accounts are designed differently to cater to the different needs of the investors.

This is why the charges involved in both the trading account varies depending upon the type of the tradable asset and size of the trade.

The Nadex demo account is available for free of any charges. There is no cost involved while opting for the this demo account.

The purpose of the demo account is to help the new traders and assist the experienced ones from time to time and make them aware of the updated features and upcoming advancements in trading.

This learning platform imposes no brokerage, charges, or any other kind of trading fees or hidden fees while opening the Nadex demo account or accessing it to execute the trade.

How to open Nadex Demo Account?

Opening a demo account with Nadex is as simple as opening any mobile app on a smartphone or other device.

You have to follow a few steps to get your demo account opened with Nadex. The steps are as follows:

First, visit the webpage of the Nadex trading platform and search for the option “Open Demo Account”.

As soon as you click on the “open demo account” option, you will be redirected to another page where you have to fill out a short form to submit your necessary details. It includes your first name, last name, email address, phone number, password, and email id.

The next step is to agree to the terms and conditions, privacy policy, and users’ agreement to opt for the demo account of Nadex and allow the broker to contact you further.

Since it is the demo account, the formalities to be done are not as elaborate as those for the professional trading account.

After submitting the details demanded by the broker, the potential demo account holder needs to wait for 2 to 3 working days to approve the application request for the demo account.

Usually, within 2 to 3 days, the broker approves the demo account and sends login credentials on the user’s email id.

Once the Demo account is opened, Nadex offers virtual money to its users to explore the real market first without risking their real funds.

Once they get an overall idea of how to trade in the real forex market, they can shift to the professional trading account to invest with their real funds.

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Advantages of Nadex Virtual Trading Platform

A demo account is itself an advantage provided exclusively to the users of the Nadex trading platform.

The demo account is intended and designed to help traders new to the industry and explore the functioning of online forex trading.

It is also beneficial for the professional traders who have opted for the Nadex trading platform for the first time and need to understand all features and trading tools Nadex has to offer.

Let’s highlight some of the critical advantages of the Nadex trading platform:

• The user can use both a demo account and a live account. After using the demo account, the user can immediately log out to the Nadex live account to employ their trading practices.
• The broker offers a demo account for as long as 30 Days to allow the new traders to learn the basics of trading and enhance their trading skills.
• The user can set up the demo account easily by following a few simple steps and sign-up to be completely digital.
• Since Nadex is an advanced trading platform, the users get the sign-up completed on Nadex virtual trading platform in a few minutes.
• While using the demo account, the Nadex proprietor platform is offered to the users.

Nadex Demo Account – Conclusion

It can be concluded that the this demo account comes with a range of offerings and requires no funding from the investors.

In fact, at the Nadex demo account, the users get a sum of virtual money that they can use in the real forex market to buy or sell tradable assets without putting their real money at any risk.

A demo account opens the way for beginners to understand the operations of the online trading market and get practical exposure.

It not only enhances the user’s trading skills but also makes the user ready to strategize their trading practices and execute in a way to yield maximum profit.

Lastly, the this demo account can be reviewed as one of the affordable and effective learning platforms that offer you advanced trading services with no investment.

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Nadex Virtual Trading Account – FAQs

Here is the list of FAQs related to the Nadex demo account:

Does Nadex provide Demo a/c?

Yes, the Nadex trading platform provides a demo account free of cost to all users.

The users can apply for the Nadex trading platform to access its services and enhance their practical knowledge.

This is the trading platform that Nadex has created as an offering to its users. It is a practical learning platform for the investors who opted for the Nadex trading platform.

How to Set up a Nadex Demo Account?

To set up the Nadex demo account, first, visit the webpage of the Nadex trading platform and search for the option “Open Demo Account”.

Now, fill out a short form to submit your necessary details, including your first name, last name, email address, phone number, password, and email id.

Agree to the terms and conditions, privacy policy, and users agreement to opt for the demo account.

After submitting the details demanded by the broker, the potential demo account holder needs to wait for 2 to 3 working days to approve the application request for the demo account.

Is Nadex Virtual Trading Platform Free?

Yes, the Nadex virtual trading platform is free of cost and involves no funding or any other type of trading charges.

Unlike the professional trading accounts of Nadex, like business accounts and individual accounts, the demo account does not involve any brokerage charges, trading fees, or any other type of charges.

What are the Fees of the Nadex Demo Account?

Since the demo account is designed to help the new traders to get practical exposure and for the experts to stay updated about the upcoming innovations in the trading industry, Nadex considers its demo account as an offering to its traders and involves no fees.

Is AMC levied on the Nadex Virtual Trading Platform?

No, there is no AMC levied on Nadex virtual trading platform.

Is Nadex Demo Account best?

Considering the zero-fee structure and usefulness of the Nadex demo account, it can undoubtedly be called best.

The users get the option to imply their trading strategies first on the Nadex virtual trading platform before employing it on the live trading account with their real money.

What Documents are required for a Nadex Demo Account?

Since it is not a professional trading account, the documents required are few, including the government id, photograph, PAN card, etc.

Is PAN required for Opening a Nadex Account?

Yes, PAN is mandatory for opening a Nadex trading account as PAN is an important document that presents your financial status.

Does Nadex charge a Demo Account opening Fee?

No, Nadex does not charge any opening fee. Account opening fee is applicable while opening the professional Nadex trading accounts.

It has also kept all other charges involved while opening the demo account very nominal.

How much Virtual Money do you get in a Nadex Demo Account?

The Nadex demo account offers virtual money worth $10,000 to each of its users to buy or sell tradable assets in the real forex market.

Virtual money offers brilliant practical learning to the users of trading in the real market and checks how the trading operations are done.

Open Demo Account Now! – Zero Commission on Trades

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