Demo account (demo account)

Demo account (demo account) - Demo or game account, which is provided free of charge to clients of brokerage companies and dealing centers. In this case all trading conditions on demo and real accounts are most often identical, except for money, which is virtual when opening a demo account.

The purpose of using Demo account for the beginner in trading is to acquire the necessary skills in using the trading terminal and general issues related to trading - the functioning of exchanges, traffic direction, opening and supporting transactions, trying your hand, finding a trading strategy, etc.

Professional traders often use a demo account to get acquainted with the conditions offered by a broker or a brokerage company, or to adjust their trading tactics.

Virtual amount credited to demo account, depends on the specific company. Sometimes the term of the account is limited to a month or other period.