JustMarkets Demo

Practice or demo accounts are integral to learning the complex world of Forex trading. Demo accounts simulate real-life trading conditions while you trade without using real money.

Good news for JustMarkets users: There is a demo account for you to learn and brush up your trading skills using virtual money before you trade using a live account.

In this short article, we'll discuss all the features of this practice account and important things that you need to know before you use one.

Importance

Practicing on the JustMarkets demo account will help you:

• Improve your trading style by experiencing what it’s like applying even the riskiest trading strategies.
• Trade all available Forex Instruments. With the demo account, you get access to more than 100 instruments. This includes stocks, currency pairs, indices, commodities and metals.
• Trade without risking losing real money.
• You can trade and have a healthy trading competition with expert traders using a demo account since it’s a risk-free environment.

Steps to Open Demo

To open a JustMarkets demo account, simply follow these very basic and simple steps:

1. Create your account by clicking the "Sign Up" button.
2. Log in to your Back Office.
3. On the drop-down menu of "Account Operations", scroll to "My Accounts" tab.
4. Click "Open New Account" on the "Demo" page in the "Trading Account" part.
5. Choose your desired account type in the "Open New Account" section, and then select "Try Demo".
6. Choose the currency of the virtual money on your Demo Account.
7. Set your password and your Demo Account desired balance.
8. Finally, click the "Create Account" button.

Difference With Live Account

Both the demo account and live account on JustMarkets follow the same principle. In both the demo account and real-time market monitoring, you receive the same quotations for the financial instruments.

Demo accounts use "virtual" money that you cannot withdraw but also does not processes risk of losing it, so it produces a different psychological effect. Trading on a demo account allows you to test your strategies without exposing any money — therefore traders using a demo account will have more courage to try out riskier trades.

When it's time to use the live account, traders tend to be more cautious. However, by practicing on the demo account, the trader still picks up a lot of knowledge that will help sharpen trading strategies moving forward.

Virtual Funds

You can set any amount on by filling up the "Set Balance" box when you open your demo account. Among the other data you can set are: Currency, Leverage and your Trading Password.

MT5 Demo

Yes, the JustMarkets demo account is available on both MetaTrader 4 and MetaTrader 5. The demo account types for JustMarkets MT4 are Standard, Pro, Raw Spread and Standard Cent. As for the MT5, the available virtual account types are Standard, Pro and Raw Spread.

Demo Overview

• Account currency available: USD, EUR, GBP, MYR, IDR, THB, VND, JPY, ZAR, CNY, KWD
• Leverage: 1:1000 to 1:2000
• Spread: 0.3 and 0.1