Exness not only allows you to open a real account, but you can also open a demo account and trade without risk. Multiple demo accounts can be opened, so you can open more and more. So, I wrote an article about opening a demo account.
Open a demo account
Opening a demo account is free. The procedure for opening an account is almost the same as opening a real account. Demo accounts do not use real money, so they are safe even for beginners. To get used to trading, use Metatrader while checking it and trade when you have time. It can be operated from the personal area. It also supports automated trading (EA). Please note that due to management policy, account opening is limited to those in the service country of residence.
First of all, you need to create an account before opening a demo account. Please refer to the article below.
opening an account
After completing the new member registration, you will be able to open the Exness member page. Please click “Open a new account” in the “My Account” item on the member page.
Select account type
Move to the account type selection screen. You can choose from four account types. Click the “Try demo trading” button for the account type you wish to open. By the way, the Standard Cent account does not have a demo account. See below for account types.
You will be taken to a screen where you can enter your demo account details. Please make various settings.
|trading platform||MT4 or MT5|
|Highest leverage||1:2 to 1:2000 (select from list)|
|initial balance||can be set freely|
|base currency||Select from list|
|account nickname||any character|
|account password||any character|
Please set the number of alphanumeric characters used in the password to 8 to 15 characters, including at least one each of “lowercase letters”, “uppercase letters” and “numbers”.
Opening a demo account is now complete, and you will automatically return to the member page.
Deposit to demo account
Topping up a demo account is very easy. In the My Account tab, click the Demo section and click Demo Account.
Then click Balance and enter the amount you want reflected. This will set your balance exactly.
How to delete demo account
Exness automatically deletes your account if you are not logged into the trading platform for too long. However, you can also delete your account yourself.
From the “My Account” item on the member page, click the “gear icon” of the account you want to delete. Click “Archive account” from the expanded menu and your trading account will be sent to the archive instantly. The procedure is now complete.
Demo account features
The demo account has the following features: You can create demo accounts with other brokers like threetrader, bigboss, axiory, fxgt, xm, etc., but with Exness you can create a large number of different accounts. It supports not only FX currency pairs but also virtual currency trading.
The demo account is a so-called virtual trade, so there is no financial risk. Therefore, you don’t have to take any risks. This account type is highly recommended for trading practice. Especially if you are new to trading, we recommend that you start trading with a demo account first.
Unlimited additional demo funds
We have explained how to deposit the demo account, but you can replenish the demo account with any amount of funds. It is an account type that allows you to trade easily because you can replenish it yourself at any time.
A total of 200 demo accounts are held
The demo account holding limit is 100 accounts for MT4 accounts and 100 accounts for MT5 accounts, so a total of 200 accounts can be created. Accounts that are not used can be disabled by moving them to the archive, so you can practically create an unlimited number of them.
Maximum leverage is 2000 times
The maximum leverage when using only a demo account is 2000 times. Real accounts can be said to have virtually unlimited leverage, but demos are suppressed. If you want to receive unlimited leverage even with a demo account, you need to clear the total trading volume of 5 lots or more and the total number of orders of 10 times or more on the real account.
The demo account has an expiration date. If 21 days have passed since the last login, it will be automatically deleted. But you can also recreate it.
MT4 and MT5
Demo accounts can be traded on MT4 and MT5. Please refer to the following for installation method and usage. The trading environment of overseas FX companies can be used on a computer or smartphone app. You can do it immediately by logging into the server. There are almost no rejections. Since the loss cut level is 0, it can withstand up to the margin maintenance rate. There are no bonuses or campaigns, but automatic trading is possible.