NordFX Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 29, 2022
Find our all details about NordFX Demo Account or Virtual Trading Account here.
NordFX is a well-known trading account that was established in 2008 and right now is authorized and regulated by the Vanuatu Financial Services commissions under the name NFX capital VU inc.
The trading firm offers all its users to trade on more than 100 plus financial CFD instruments that cover everything that includes Forex, indices, commodities, crypto, and stocks.
The company also provides 4 different types of trading accounts to deal with and provides maximum leverage up to 1: 1000.
Like some of the other trading firms, NordFX provides a demo account for all the users or customers. The traders registered to NordFX are allowed free access to a demo account.
The Traders can avail of this demo account before trading on a live trading account to understand the statistics, get a proper analysis of the market, understand the market behavior and all its aspects.
Now, you must be worried about how this demo account will help improve your trading experience and make you more efficient in the trading field.
In this article, we have discussed everything that the demo account provides and how you can get access to it.
NordFX Demo Account
As you can understand from the name, the company provides a virtual trading account where the traders are allowed to invest using virtual currencies as long as they want.
There is no requirement for any real funds to transfer into this demo account.
With the help of a demo account, the traders can avail a fully functioning trading account with no extra fees and learn everything about the facts and tricks of trading.
NordFX simply provides dummy money or virtual currencies in this demo account via which you can have an actual trading experience.
The use of a demo account also limits or eliminates the risk in accordance with losing real money when you are just starting trading or you are just a beginner level investor.
With the help of the demo account you will also learn to use the NordFX trading platform and trading application, understand how to place orders and many more things.
With the help of the NordFX Demo account provided by the company, you will also learn to strategize and therefore create more and more unique trading strategies.
You are also allowed access to all the NordFX Virtual Trading Mediums that are linked and related to the demo accounts.
Open Demo Account Now! – Zero Commission on Trades
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NordFX Demo Account Features
So we have discussed everything about the basics of the demo account provided by the trading firm, the idea behind its development and now let us discuss all the features that are provided in detail.
With the help of these features, you will understand more about the demo account and all its benefits.
The demo account provided an exact clone of the real trading account provided by NordFX. So, Most of the features are the same except the involvement of virtual currencies.
Some of the exclusive features of the NordFX Demo account are:
- The demo account or the virtual account provided by NordFX has virtual currencies or dummy money that lets all the traders try investing in the Forex market and learn how to trade actively.
- The options that are provided in the real account such as market monitoring, order placement and other features are also a part of the demo account provided by the company.
- Some of the exclusive expectations of the real trading account provided by the company are also important features of the demo account. These aspects include a market analysis tool and some other features.
- Some of the trading tools, instruments and other research analysis software are also included in the NordFX demo account for the user to try and learn the application.
- The users will also have access to multiple order placements and other similar options from the real account.
- Some trading indicators which are available in the real trading account are also available in the NordFX Demo account. The traders will get to learn a lot of information and strategies from the demo account before they start trading with the real account.
NordFX Demo Account Charges
|Demo Account Details|
|Virtual Money||$ 5000|
NordFX like most of the other trading companies provides the demo account free of charge whenever a trader registers with them.
Whenever you are trading with the real trading account provided by the trading firm, you will need to take care Of all the costs and the trading fee charged by the company.
The company will let you know about all the charges related to the trading account whenever you register with them.
But, In the case of the demo account, this is not the case as it is freely available upon registration.
As per the rules and regulations of NordFX, the Traders would be getting 5000$ amount of virtual currencies or dummy money to practice trading in the demo account.
There are no specific charges in connection with the same account.
This simply means that the trader is allowed to use all the features of the real account with the help of the demo account, just without paying anything for it.
How to open NordFX Demo Account?
The entire process of owning and opening a NordFX Demo Account is quite simple and you can easily find it on the official page of the website.
All you need to do is follow the steps given below. Check the entire step-by-step process and then own a Demo Account.
- Firstly, visit the official website of NordFX, click on ‘open a demo account ‘which is available at the bottom of the website.
- Now click on the button to start the process of opening an account.
- A pop up will open on the screen when you have to fill in all the necessary details. After clicking on this subject button an agent from the company will get in touch with you instantly.
- Then you will have to complete and verify the KYC process for the verification of your ID. This is a necessary step required to avail a demo account.
- The broker will ask you to provide a government authorized identity card and residence proof on this step.
- Lastly, after successful verification of your identity the company will open an account for you.
- The login credentials would be provided in your email address or your contact number after you approve the confirmation mail for the NordFX Demo account.
- Now, Use your credentials to login into the NordFX Virtual Trading Platform and start exploring the trading market and enjoy your journey.
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Advantages of NordFX Virtual Trading Platform
Before you try out the NordFX Demo Account you must be aware of the advantages and benefits. Some of the exclusive advantages provided by NordFX virtual trading platform are:
- The beginner level traders will get an idea about the trading process without getting confused and without the scare of losing any money or funds.
- The traders will get to understand the various concepts of the forex market and forex trading which would be new to a beginner level trader.
- The demo account will also have indicators and market charts so you can learn from them.
- There is almost zero risk factor as the traders won’t be using real money or funds.
- You will gain a lot of experience before using the real trading account in the real forex market.
- The demo account will provide unlimited access to NordFX virtual trading and all its applications and trading platforms.
- You can check the effectiveness and efficiency of all your trading strategies via the demo account.
NordFX Demo Account – Conclusion
In this article, we have mentioned every detail about the demo account provided by NordFX.
Now you can practice trading freely and fearlessly. As you won’t be losing anything, you can use this account to learn a lot more about the forex market, trading facilities and trading types.
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NordFX Virtual Trading Account – FAQs
Here is the list of FAQs related to the NordFX Virtual trading platform:
Does NordFX provide Demo a/c?
Yes, NordFX provides a demo account with all the real trading accounts for all its traders.
The users can practice trading as long as they want without any kind of risk of losing funds or money.
This is one of the best ways by which beginner level traders can earn trading experience.
How to Set up a NordFX Demo Account?
The process of setting up a demo account with the trading firm is pretty simple. Firstly, you need to visit the official website and click on open a demo account.
Next, you have to fill up the application form and submit all the details.
After successful submission, there will be an EKYC verification after which your demo account will be opened for you.
Is NordFX Virtual Trading Platform Free?
The NordFX Virtual Trading Platform is free to use.
The company has provided this trading platform for all its traders so that they can enjoy their trading experience without any kind of problems.
What are the Fees of the NordFX Demo Account?
The company does not charge any kind of fees or commission for the demo account.
This demo account is available for any trader who wants to open a trading account with the company.
The traders are allowed free access to the demo account and they can practice trading as long as they want with the virtual currencies.
Is AMC levied on the NordFX Virtual Trading Platform?
The company does not charge any AMC or account management charge for its virtual trading platform.
You do not need to pay any amount for opening a demo account nor do you need any maintenance charges.
Is the NordFX Demo Account the best?
Yes, NordFX is one of the best trading platforms in the Forex market. The company provides one of the best trading services.
The trading company can be trusted and provides one of the best features for all its users.
What Documents are required for a NordFX Demo Account?
You will need to provide government authorized identity proof and residential proof for opening a demo account with NordFX.
Is PAN required for Opening a NordFX Account?
The company will also ask for your PAN card at the time of KYC verification as this is very important for the verification process.
Does NordFX Charge a Demo Account Opening Fee?
The company does not charge any demo account opening fee.
This simply means that anyone or any trader can open a demo account with the company free of charge.
How much Virtual Money do you get in a NordFX Demo Account?
As the demo account is a practice account, the company provides virtual currencies or dummy funds in the demo account.
NordFX Demo Account has 5000$ worth of virtual currencies for the traders to practice trading.
Open Demo Account Now! – Zero Commission on Trades
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