Detailed guide to FxPro demo account. Register, login and use tips

Get a great opportunity to explore trading platforms and learn different strategies without spending any money. This method is crucial for developing both assurance and expertise prior to engaging in actual monetary transactions. Here’s what you get:

There is no risk to your own funds and it will give you a chance to learn and understand how the platform functions and how FxPro as a broker compares against their competitors.

It also gives you an opportunity to try out a variety of trading strategies. A key component of trading is testing out trading plans, and the demo account allows you to do exactly that. So go ahead and try out different trading tactics and make sure that you feel comfortable first before risking any of your own money.

The interface of the platform, while trading on a demo account, fully replicates real trading. This is most useful for new users of the platform, who have a chance to learn the interface, try all the buttons and functions without the risk of doing something wrong and eventually losing money.

Use several platforms for practice trading: web Edge, cTrader, MT 4 and MT 5. Whichever option you choose, you will get a professional platform with a comfortable interface.
The demo account interface allows you to:

• Open several charts on one screen
• Use several chart types
• Adjust the platform colours
• Trade in a browser, in an application for PC and mobile phones Android and iOS.

With practice account, you can hone your CFD trading skills while working with a wide range of financial instruments.

• Currency pairs
• Metals
• Futures
• Stock
• Indices
• Energetic resources
• Cryptocurrencies

You will get access to all the trading tools available on live accounts, allowing you to study market dynamics and develop your investment management skills using the various analytical tools and technical indicators offered by the platform.

Prices in financial markets change every second. Each new price arriving on the trading platform updates the chart, which can be presented in one of the main types:

• Line graph
• Bar chart
• Japanese candles.

On all platforms, charts are based on the bid price. The demand price (ask) is displayed on the chart as a horizontal line.
If you will be trading on FxPro's proprietary Edge platform, the above are added to:

• Heikin Ashi
• HLC
• Dots charts.

You can trade using orders such as:

• Stop orders (buy stop, sell stop, stop loss)
• Limit orders (buy limit, sell limit, take profit)
• Instant / market order(s)

Every trader is allowed to trade like a professional, absolutely free of charge. Without taking risks, you will be able to practise in investing, get to know the platform better and get used to its interface and functions. In addition, let's highlight a few more features.

You can work with the FxPro cTrader platform by downloading the software on your PC, mobile phone or using the web version through your browser. This is a really great solution for professionals, where a lot of tools for technical analysis are available, as well as the ability to open and close trades with a single click. The platform also has a mobile app for iOS and Android.

The FxPro MT4 demo and MT5 platforms are popular among retail forex traders. On these platforms you can trade forex, commodities, stocks, indices and cryptocurrencies, with fixed spreads available. Using the platform is quite simple, it provides traders with everything they need to work. An important feature of the platform is the availability of a mobile application.

Each trader using a training account will receive copies of actual market conditions, but they are still simulations and may behave slightly differently than live accounts during periods of high volatility or illiquidity.

Note that margin and leverage settings may differ between trial and live accounts. There is no guarantee the same results oа trading on a live account. Therefore, practise accounts are best used as a training tool for beginners or for testing new trading strategies.

You can create as many accounts as you want and fund them via Personal Area. But remember that practice accounts will be deactivated after 180 days. Also on MT4 and FxPro MT5 demo accounts the number of open positions is limited to 70.

One of the interesting aspects of FxPro demo accounts is that you can try out as many types of platforms as you wish and become fully familiar with the mechanics of each before investing your funds.

To start trade:

• Log in to the desired platform by first downloading it from the FxPro website.
• Select assets to trade: one or more.
• Add indicators to the chart if necessary.
• Specify the transaction amount and adjust the Stop Loss and Take Profit level if necessary.
• Click buy or sell according to your forecasts.
• You can monitor the transaction or close it in the lower section of the working screen.

Log in on FxPro, go to the "My Accounts" section, click on the name of your account and select "Add Funds". Then enter the desired amount from 500 to 500,000 and your account balance will be instantly updated on your trading platform.

Here are some tips on how to use your demo account effectively:
1. Set up your account as if it were your real account. Choose your platform, currency, opening balance and account type.
2. Do not open large positions unless you plan to trade large amounts. Treat virtual funds as if they were real money.
3. Practise every day.
4. Use educational materials , such as articles and video lessons, to improve your skills.

So we have learned all the main features and functions of a demo account, it’s time to sum it up.

Benefits:

• Investing like on real platform
• Online Courses for Beginners
• Economic Calendar and News
• Free to open
• All live account markets and assets available
• All account types available to try (Spread betting included)

Disadvantages:

• Unrealistic trading expectations when switching to real accounts
• It may not reflect actual volatility and market risks