Swissquote Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 24, 2022
Find out all details about the Swissquote Demo Account here.
When you are new at something or do something for the first time, it is natural to make mistakes, isn’t it? However, losing a lot of hard-earned money due to that mistake may not be acceptable.
In the trading and investment arena, it is highly relevant that in the beginning a lot of trades will turn into losses.
However, you can choose not to lose your hard-earned but learn trading in the most practical way possible.
This can be done with Demo accounts. In this article, we will discuss the Swissquote Demo Account.
The article will have the features of this product from Swissquote, then we will discuss the charges or fee of the same.
Apart from these, you will also get to know about the procedure of opening the Demo account with the brokerage house.
Swissquote Demo Account
Swissquote Demo Account is a virtual trading account.
By a virtual trading account, we mean an account where everything else is like a trading account but the cash used to purchase the assets is virtual cash and not real money.
In this account, you can trade any financial instruments which are available with Swissquote. However, the money will be virtual cash.
This will help you trade like you will trade in a real market but no real money will be involved.
When you are new to trading, you do not know how the market moves, how price changes, what things to check before you invest or trade any instruments, and a lot more.
So, making mistakes is inevitable and mistakes (read failure) are the staircase to success. So, you need to keep on trying until you learn to trade properly.
However, this process can lead to havoc losses but with a Demo account, you won’t have to bear any such losses.
At Swissquote, which was established in the year 1996, in Switzerland, the Swissquote virtual trading platform is free for all who register with the broker.
This brokerage house has its legacy and decades of experience. It is regulated by multiple financial authorities such as FCS, MFSA, FINMA, DFSA, and others.
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Swissquote Demo Account Features
The Swissquote Demo Account has multiple features which can boost you to learn to trade easily and in no time.
Advanced Trading Software
With the Demo account of Swissquote, you get MetaTrader 4 as well as MetaTrader 5 which are the top two trading platforms across the globe at present.
MT4 and MT5 have top-level features that can enhance your trading experience altogether.
You can access all assets, have a customizable interface, a user-friendly support system, and a lot more.
These platforms are the platforms that you have to use for real trading. So, when you get to use these platforms with the demo account as well, your practice will be fruitful.
Wide variety of financial instruments
Often by demo accounts, people think that there will be virtual assets that are not actually on the stock exchanges or in the market.
However, apart from the virtual cash, everything else is real. You trade all those assets for real that are available with Swissquote.
You trade as per the market movement and real prices. So, you get to trade real assets for dummy cash, isn’t that great? This means you do not have to lose any amount in real life but you can learn about all the asset’s nature by trading them on this Swissquote virtual trading platform.
Unlimited virtual cash
There is no limit on the virtual cash that you can avail of from Swissquote. You can trade as much as you want without worrying about virtual cash.
You just have to keep track of your profits and losses. However, the profit and loss will also not affect the number of virtual cards in the account.
Swissquote Demo Account is a completely free account. There are no opening or maintenance charges for this account.
You can trade any asset and any volume of the same without paying a penny.
Ample of technical tools for research
Technical tools are crucial for trading. When you are learning trading means you have to learn analysis.
Technical analysis tools like charts, indicators, and their uses must be learned thoroughly to pick the right stocks and trade them rightly.
With this Demo account, you get all types of tools for technical analysis.
Be it the charts, or the indicators, or another resource.
Educational and learning resources
During learning to trade different assets, you need to understand their fundamentals as well. For this, Swissquote virtual trading account has a lot of learning resources.
Swissquote Demo Account Charges
|Demo Account Details|
When opening a demo account, you do not need to pay anything, neither for using it. There are no charges like annual maintenance or account opening charges associated with this demo account.
The amount of virtual cash you would get is unlimited. You can trade as many units of any assets without worrying about virtual cash.
Isn’t it a great deal that you can use the demo account for free and that too with unlimited virtual cash? To avail of this offer, you need to open a Swissquote Demo Account, and the procedure for the same you can find in the next section of the article.
How to open Swissquote Demo Account?
To open the account, you have to –
- Click on this tab “ Open demo account”
- Fill the form and click on submit button
- Then wait for the associates to call you
- They will ask you to upload certain documents
- After the KYC is done, you will receive the login credential in your email id
- Then you can start operating the account.
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Advantages of Swissquote Virtual Trading Platform
The advantages of learning to trade using the Swissquote virtual trading platform are as follows –
- No fee or charges are to be paid for using this account. It is absolutely free. There are no opening or maintenance charges for the demo account of Swissquote.
- The second benefit is that you get unlimited virtual cash. With this virtual cash, you can trade real shares and thus lose no real money
- Swissquote is a well-known brokerage house in the world
- It has multiple assets which you can trade using the demo account and learn about all of them
- The demo account provides advanced level trading software – MT 4 and MT 5
Swissquote Demo Account – Conclusion
To conclude, we can say the Swissquote Demo account has been a popular demo account for a while across the globe.
It has a varied collection of assets that you can trade. It offers free practice and there is no maintenance or hidden charges as well.
You can avail the best trading platform for learning trading which can help you vastly in the future.
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Swissquote Virtual Trading Account – FAQs
Here is the list of FAQs related to the Swissquote demo account:
Does Swissquote provide Demo a/c?
Yes, Swissquote provides a Demo account to its clients. You can open this account anytime at no cost.
You can learn to trade using this account as there is no real money you have to put in for trading real assets.
How to Set up a Swissquote Demo Account?
To set up the demo account you need to –
- Open the demo account by filling the form and submitting the documents for KYC verification
- Once you have the account, you can download any of the trading platforms you like – MT4 or MT5 and their different versions like mobile platform or terminal or web-based platform.
- Then set up the platform by adding your most favorite assets
- Set alerts and notifications to remain updated about market
Is Swissquote Virtual Trading Platform Free?
Yes, it is absolutely free of cost.
There are no account opening charges or maintenance charges or any hidden charges that you have to pay for using the demo account of Swissquote.
What are the Fees of the Swissquote Demo Account?
There is no fee for using a Swissquote Demo Account.
There are no commissions or any other fees. You can trade on the Demo account for free.
Is AMC levied on the Swissquote Virtual Trading Platform?
No, there are no annual maintenance charges which the broker levies on the demo account. You can trade for as long as you want using this account.
Then open a trading account for real with Swissquote when you are confident to start real trading.
Is Swissquote Demo Account best?
If you look at the advantages of having a Swissquote Demo Account which includes –
- Free account
- Wide range of tradable assets
- Multiple markets
- Ample of trading tools – charts and others
- No maintenance fees or any other fees
You can understand why this demo account is one of the best in the market worldwide.
What Documents are required for a Swissquote Demo Account?
The documents which you need to submit for opening this demo account are –
- PAN card
- AADHAAR CARD
- Bank account details
- Address proof
Is PAN required for Opening a Swissquote Account?
Yes, you need to submit your PAN for opening the Swissquote virtual trading account.
The PAN is a mandatory document that has all your financial information linking, so you need to submit this.
Does Swissquote Charge a Demo Account Opening Fee?
No, there is no account opening fee for opening the demo account with Swissquote. You can open it for free and use it as well for free.
How much Virtual Money do you get in a Swissquote Demo Account?
There is an unlimited supply of virtual cash in the Swissquote Demo account. There is no limit on the same. You can use as much as you need to learn to trade properly.
Open Demo Account Now! – Zero Commission on Trades
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