Update: 22.02.2024
Comparison between real accounts and simulated accounts
The main difference is that real trading accounts use actual funds for trading, while simulation accounts use funds without real value. At the same time, simulated accounts replicate the same market conditions as real trading accounts, making them an ideal choice for honing trading strategies. Exness provides access to learning accounts specifically for registration purposes, without any payment or deposit required. A minimum deposit is only required when transferring funds to a real trading account. If you plan to evaluate your skills through actual trading, please go to your personal account and select the option for a real trading account.
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Online trading allows individuals to quickly accumulate funds, but without good experience, losses are inevitable. Foreign exchange trading always carries a high level of risk, so traders should practice using virtual balances before investing in real money. Trading errors come at a high cost and should be avoided. A simulated account is suitable for this. Many brokers use this free account to provide clients with the opportunity to research their trading platform without causing any financial losses, and Exness Broker is one of them. Experienced traders use simulation accounts to test new strategies, while beginners learn how to react, analyze asset price trends, and predict future directions.
How to enable demos on my Exness website?
Exness broker demo account. Exness offers multiple account types to answer questions from traders of different skill levels. It is difficult to recommend specific account types without understanding your personal preferences and trading style. However, one choice is clear. If you are a novice on the Exness platform or just starting your trading career, you should start with a demo account.
To register and establish a demo account on Exness, traders must follow the following simple steps:
- Visit the Exness website and enter your detailed information on the right side of the page. You need to select your country/region, check if you are on the service point list, enter your email address and select your password to access the website.
- After logging into the system, you will be redirected to your personal page. There, you can choose between a demo account and a real money trading account by double clicking the corresponding button.
- By switching to simulated account mode, you will be able to research the terminal without depositing. You can also take advantage of a game fund discount worth $10000.
- When starting a demo account, you must also specify the desired platform (MT4 or MT5).
- Next, you need to set your leverage, account currency, trading username, and password.
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Please note that the demo version is not applicable to regular cent accounts.
You can only open a forex simulation account without registration if you want to test it on the website of the developer of the Metatrader 5 trading platform. You need to access the official website of Metaquotes and download the installation files to your computer. All other brokers (including Exness) require you to become a user of their platform in order to receive additional training.
Exness Simulated Account Function
The functionality of the demo version depends on the trading platform used by the trader, whether it is Metatrader 5 or MT4. In other words, the functionality of a demo account will always be similar to that of a trading terminal, depending on the services provided by Exness in terms of asset classes, tools, spreads, leverage, and more.
PC - MS Windows、Linux 或 Mac OS
MS Windows、Linux 或 Mac OS (download)
network terminal
If a trader wants to use Metatrader 5 web version, he can access it from the trading platform download page. Once traders download and install Metatrader 5, they can log in to the trading platform and access their Exness demo account using the login details provided on the account confirmation page.
What are the benefits of simulating an Exness account?
1
Foreign exchange trading
You can try forex trading without investing one dollar, which is the biggest advantage of a demo trading account. Theoretical knowledge cannot protect beginners from traps and risks. Simulated trading can provide this opportunity.
2
Instant trading
You can view actual transactions in real-time. Without personal experience, it is difficult to understand the principles of financial markets. Trading on a simulated account can provide you with more information about the environment. No matter how many trading books you read, being able to see price fluctuations firsthand is essential. The Exness demo terminal has the same interface as the real currency trading platform. All the references here are correct. You will get it through practice. You will have a better understanding of the upcoming price changes.
3
Trading tools and products
You can try all trading tools and materials for free. Before depositing funds into your account and conducting real trades, it is important to review the tools provided by specific brokers for their clients. A simulated account allows you to quickly test the analysis provided on the website, view the available technical analysis tools, and what you can get from this company. Once you have all these features in trading simulation, you will have a better understanding of how they work and whether you have enough tools to successfully trade.
4
Best Platform Navigation
Understanding how to better browse the Exness platform's free access broker terminal allows you to have a detailed understanding of all its features and functions. You can try all of these for free without paying a penny. These methods will immediately display the potential consequences of your actions. This helps reduce errors in your real trading account.
1
Foreign exchange trading
You can try forex trading without investing one dollar, which is the biggest advantage of a demo trading account. Theoretical knowledge cannot protect beginners from traps and risks. Simulated trading can provide this opportunity.
2
Instant trading
You can view actual transactions in real-time. Without personal experience, it is difficult to understand the principles of financial markets. Trading on a simulated account can provide you with more information about the environment. No matter how many trading books you read,. The Exness demo terminal has the same interface as the real currency trading platform. All the references here are correct. You will get it through practice. You will have a better understanding of the upcoming price changes.
3
Trading tools and products
You can try all trading tools and materials for free. Before depositing funds into your account and conducting real trades, it is important to review the tools provided by specific brokers for their clients. A simulated account allows you to quickly test the analysis provided on the website, view the available technical analysis tools, and what you can get from this company. Once you have all these features in trading simulation, you will have a better understanding of how they work and whether you have enough tools to successfully trade.
4
Best Platform Navigation
Understanding how to better browse the Exness platform's free access broker terminal allows you to have a detailed understanding of all its features and functions. You can try all of these for free without paying a penny. These methods will immediately display the potential consequences of your actions. This helps reduce errors in your real trading account.
Simulated accountshortcoming
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Traders are unable to evaluate and experience risk without investment or lossIn actual business, it all depends on you. Only by understanding potential risks can traders benefit in the long term. In addition, there is no risk associated with simulating accounts. If you lose virtual funds, you can retrieve them immediately.
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The demonstration does not provide a real experienceOn the training account, you can make multiple successful trades in a row and earn substantial profits by guessing the price direction by chance. Many traders flood into their real accounts and lose everything after this short-term virtual success.
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Simulated accounts allow serverless tradersYou may even accidentally profit from an open contract. In real life, there is a wave of depression and hatred that leads to catastrophic mistakes. This is another demonstration video. You may think that speculating in the foreign exchange market is very easy. In fact, your strict control over the situation is precisely how you can achieve success.
Tips for using a simulated account
Now you know all the ins and outs of free simulated trading. Therefore, in order to make this stage more effective, please always remember the following three things:
- 1Always use the same amount as the real account transactionIt is important to make simulated trading as realistic as possible. Exness will automatically pay $10000 in game currency. But don't rush to destroy everything. When you start real trading, you don't take thousands of dollars in risk, do you? Therefore, please start the small step trading. Be careful not to exceed $1000 at the beginning, even in virtual trading. Develop a realistic strategy and wait until you are clear that it is effective. This method can help you better understand your profit and loss.
- 2Learn and test all analytical toolsForeign exchange trading is often associated with gambling in the brain. Trading is completely different because it involves the fundamental principles of technical analysis and fundamental analysis. Therefore, it is very important to master all the analysis tools available on the platform. This can be easily accomplished by practicing on a demo account. Even when dealing with virtual funds, random and chaotic transactions must be conducted. All economic indicators of a given asset must always be considered. It will help you improve your trading skills, and your future results will largely depend on it.
- 3Learn and test all analytical toolsThere are different types of foreign exchange transactions. There are many types of market orders with different names and functions. Usually, the same broker offers the same type of trading on both simulated and real accounts. Therefore, after completing the training, take the time to explore all control methods and fully understand their working principles. Carefully read and ensure that you understand the working principles of all contract parameters, such as spreads, expiration dates, etc. This allows you to apply different techniques and see which algorithms are effective.
- 1Always use the same amount as the real account transactionIt is important to make simulated trading as realistic as possible. Exness will automatically pay $10000 in game currency. But don't rush to destroy everything. When you start real trading, you don't take thousands of dollars in risk, do you? Therefore, please start the small step trading. Be careful not to exceed $1000 at the beginning, even in virtual trading. Develop a realistic strategy and wait until you are clear that it is effective. This method can help you better understand your profit and loss.
- 2Learn and test all analytical toolsForeign exchange trading is often associated with gambling in the brain. Trading is completely different because it involves the fundamental principles of technical analysis and fundamental analysis. Therefore, it is very important to master all the analysis tools available on the platform. This can be easily accomplished by practicing on a demo account. Even when dealing with virtual funds, random and chaotic transactions must be conducted. All economic indicators of a given asset must always be considered. It will help you improve your trading skills, and your future results will largely depend on it.
- 3Learn and test all analytical toolsThere are different types of foreign exchange transactions. There are many types of market orders with different names and functions. Usually, the same broker offers the same type of trading on both simulated and real accounts. Therefore, after completing the training, take the time to explore all control methods and fully understand their working principles. Carefully read and ensure that you understand the working principles of all contract parameters, such as spreads, expiration dates, etc. This allows you to apply different techniques and see which algorithms are effective.
summary
After starting trading on the new platform, we recommend starting with a demo trading account. This suggestion also applies to traders with sufficient market experience. The free training account allows everyone to test the platform, its technical status, and new technologies. However, this trading model should be used with caution. If you want to profit from simulated trading, make it as realistic as possible. Manage your investments and upcoming losses, analyze all your mistakes, and try all types of orders. Only in this way can a simulated account provide you with the basic knowledge and experience required for conducting real transactions.
Frequently asked questions
Can I open both standard and professional simulation accounts at the same time?
Yes, you can open both standard and professional simulated trading accounts to flexibly test different types of trading strategies and market conditions, helping you better prepare for forex trading.
What is the difference between a simulated trading account and a regular trading account?
A simulated trading account is a practice conducted using virtual funds, without the need for real investment, and is suitable for traders to test strategies in a risk-free environment. Conventional trading accounts involve using real funds for foreign exchange trading, which carries actual market risks and returns.
How to open an Exness MT4 demo account?
All registered Exness broker users can use a demo account. After registration, you will be redirected to your personal area where you can open an Exness demo account and upgrade to a real trading account as needed. You can upgrade to a demo account at any time to improve your skills risk-free.
How to open an Exness MT5 demo account?
Opening a demo account on the Exness board is automatic. All traders can access it after registration. Once you have to connect to the entire platform, you can connect from your space personnel and start trading for free. As this is a training account for managing virtual currency, no deposit is required. When there is merit, you can use the same old user and refund recipient you are currently using.