XTB Demo Account – Opening Process, Charges, Features, Benefits & more
Last Updated Date: Nov 16, 2022Check all the details about XTB Demo Account or Virtual Trading Platform here.
If you are a beginner, opening a demo account is a great way to pick up some best money-making skills for trading. You build winning strategies, and that also without risking even a single penny.
Especially if you want to give CFDs trading a try, for which you have chosen XTB broker, Since it is the best, consider using XTB Demo Account first rather than using your hard-earned money entirely for trading.
CFDs are subjected to the highest market risk. You can lose more than your expectation if a few vital things are left unnoticed.
Therefore, using the XTB Virtual Trading Platform makes wise sense.
How does the demo account by XTB help, and what benefits do you receive along? In this review, we will discuss it in brief.
XTB Demo Account
XTB is a globally renowned online trading platform. You can trade almost any assets in any market through a single portfolio if you are using an XTB trading account.
Not alone a real trading account but XTB Demo Account as well gives you access to 1500+ Global CFDs market.
To simply put, a demo account provides you the best virtual trading experience in the Forex market, Shares, Commodities, and Indices.
You must get yourself involved in XTB Virtual Trading if you are just a beginner. The demo account creates a realistic-looking virtual trading environment for the users.
Virtual currency support allows you to learn everything practically from scratch. It’s no surprise that a demo account by XTB has so much to offer its users.
After all, the broker has been working since 2002 and has won multiple awards for its best services in the financial market.
Still, there are some vital points about the XTB demo account that we must consider, which we discuss in the discussion below.
Open Demo Account Now! – Zero Commission on Trades
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XTB Demo Account Features
Knowing about XTB Demo Account features is equally important as learning about the features of a real trading account. After all, your learning time is more important than the moment you execute a trade.
Therefore, below we have outlined significant features you get inside the demo account by XTB in a series to get a clear insight into how amazing it is. All those key features are as follows:
Risk-free Trading
You initiate risk-free trading, which is the best thing about the demo account. In a virtual environment, your trade assets mimicking real market conditions. However, £100,000 virtual currency is another significant benefit that you receive.
Multiple Tradable Assets
You trade multiple assets in a demo account which is a compelling benefit. This includes Forex, Indices, Commodities, and Shares, which means users receive a solid experience on every single asset and market, respectively.
Virtual Trading On MT4
Meta Trade 4 and x-Station simulation is also offered by the broker in its demo account facility. Similarly, users receive the best practical experience based on their choices.
Tight Spreads
How does the structure of spreads works? How you can understand tight spreads in a real account? The demo account gives you practical lessons on all of it.
Customer Support
24×7 hours customer support is an added benefit of using XTB Virtual Trading Platform that we usually don’t find on other trading platforms.
XTB Demo Account Charges
| Demo Account Details | |
| Virtual Money | NA |
| Charges | Free |
When it comes to XTB Demo Account charges, a series of questions are more likely to cause a buzz in your mind.
But luckily, there’s nothing to worry about. XTB broker doesn’t charge any commission or trading fees on its demo account.
From account opening to virtual trading, there are no fees involved. Even spreads and the virtual currency you receive inside the demo account are exempt from charges since they have no link with real currency.
In addition to these free services, there is a thing for which the broker faces backlash. To simply put, the broker offers a demo account facility for only four weeks on each registration.
After that, users are required to switch to a real account for which they have to spend a significant amount.
However, it is also optional. If you dislike XTB trading services or you don’t have enough amounts to spend, you can leave using XTB.
How to open XTB Demo Account?
If you are determined to start trading at the XTB trading platform but want to know more about the broker and its service, start using XTB Demo Account.
Simply follow these few basic steps and open a demo account within a matter of few seconds.
- Visit XTB’s official website. In the upper menu, find the demo account and click on it.
- Now enter your email address and select your home country
- Hit a tick on the small box to consent to terms and conditions and submit
- Verify your email address and start using the demo account
Suppose you are a mobile user. First, download XTB mobile trading app from the Google play store and apple app store, respectively.
Find demo account and enter sign-up details. Once your email address is approved, you can start your virtual trial at the XTB demo account free of cost.
XTB Virtual Trading facility is available for all desktop, mobile, and tablet users. So feel free to use it anytime, anywhere.
But make sure you sign-up carefully because after registration demo account facility is available for only 4 weeks.
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Advantages of XTB Virtual Trading Platform
Now let’s come to the key advantages of using the XTB Virtual Trading Platform. It’s no surprise that we have covered lots of information in the XTB demo account review above.
Thus, before we conclude, let’s wrap up some key findings stating some significant advantages to users.
- £100k virtual currency is appealing to the eye
- Trade virtual assets in actual market conditions
- Trade multiple assets through a single window
- Risk-free trading experience
- No charges, no commission, trade free of cost
- Quick guide, tutorials available
- Switch to real account on one tap
XTB Demo Account – Conclusion
Ultimately, it isn’t that hard to make a positive assumption on XTB Demo Account.
Even though the broker offers you a demo account for only one month – which is a major drawback – still, we find XTB the best trading service provider. Users get instant access to £100k virtual currency on a single sign-up which is a great thing.
Another great thing is that you receive the simulation of MT4 and xStation, making your learning utterly realistic.
Altogether, XTB offers you a complete suite of solutions through its demo account. From features to additional benefits, everything is accessible, making it a great thing for beginners.
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XTB Virtual Trading Account – FAQs
Here is a list of Top FAQs related to XTB Virtual Trading Account –
Does XTB Provide Demo A/C?
Yes, XTB does provide a demo account that delivers the best user experience.
One can get a brief insight into XTB’s real account through this virtual trading solution offered by the broker themselves to their clients.
If you are a bit doubtful over your decision to get started with XTB, review the demo account and proceed with your ultimate decision.
How To Set-Up XTB Demo Account?
Setting up an XTB demo account is extremely easy. It only takes your valid email address to access the demo account for free.
No document, no charges, only your Email address, and you are ready to launch your virtual trade at XTB.
The best thing is, account set-up is similar and relatively simple on both desktop and mobile platforms. Even tablet users can readily set up this demo account by XTB.
Is XTB Virtual Trading Platform Free?
Yes, XTB virtual trading platform is free. There are no fees involved before, during, or after the registration process.
If you are a demo account user, no fees are asked from you, but there’s a condition. You will be required to join a real account if you have completed your 4 weeks trial period.
Else, you will have no other option than to leave XTB.
What Are The Fees Of the XTB Demo Account?
No fees are charged by XTB broker from its demo account users. If you are a beginner, feel free to reap the benefits of a demo account facility.
Use virtual currency, features, and all other facilities that the broker has to offer in its demo account. After registration, you can use the XTB demo account free for up to four weeks.
After that, you can decide between a demo and a real account.
Is Amc Levied On XTB Virtual Trading Platform?
No, XTB doesn’t levy AMC (account maintenance charges) on its virtual trading platform. However, no broker may ask you for AMC because the demo account is exempt from such charges.
Moreover, XTB provides you demo account facility for only four weeks, so this is also another reason why no charges are levied.
Is XTB Demo Account Best?
XTB demo account is free to use. You receive the best trading experience on every single asset in a virtual environment.
On one tap, you can switch to the real account, which is a great thing. Nevertheless, XTB gets a down-ranking for its modest drawback which is, 4-week access. Y
ou can use a demo account for only one month, which isn’t fair.
What Documents Are Required For XTB Demo Account?
No documents are needed for the XTB demo account. The broker asks you for zero documents during the registration process.
Only a valid email address is asked as ID proof by the broker. Apart from that, no other personal details of the user are mandatory to submit when applying for a demo account.
Is Pan Required For Opening XTB Account?
Pan Card is mandatory for Opening XTB real trading account. But if you are using a demo account, which is free to use and no monetary bank details are asked, so Pan Card isn’t required.
Only your email address is asked by the broker, which is an essential but very short requirement.
Does XTB Charges Demo Account Opening Fee?
No, XTB doesn’t charge account opening fees on its demo account. Anybody can use a demo account free of cost.
Neither account opening fee nor any trading fee is asked by the broker since the demo account is free to use.
It only offers you a virtual trading experience for educational purposes. But it’s worth noting that the demo account facility is available for only four weeks.
After that, you will be required to submit a significant fee for a real account.
How Much Virtual Money do You Get In XTB Demo Account?
You receive a total of £100k virtual currency in your demo account with the help of which you can trade almost every asset in the virtual trading environment.
But make sure the virtual currency isn’t refillable, unlike other demo accounts, since the demo account facility can be enjoyed for only 4 weeks.
After that, you will lose complete access to the demo account.
Open Demo Account Now! – Zero Commission on Trades
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