What is MT5 Demo Account? - How to Open MT5 Demo Account Tutorial
The MT5 demo account is a practice account provided for on MT5 Platform & it's similar to MetaTrader 5 real trading account with the only difference being that in MT5 demo account you trade with virtual money.
When practicing on an MT5 practice account this account provides you as a trader with the required Forex trading experience needed before opening a real account & this account shows you how to use all the online trading features which are provided for trading by the MT5 platform.
Opening of a Demo Account in the MT5 Platform
How to Open a Demo Account using MetaTrader 5 Platform
- Download MetaTrader 5 Platform - MetaTrader 5 Platform.
- Install MetaTrader 5 Platform.
- Open the MT5 Platform.
- Enter the Log in Details: Account Name & Password for the Demo Trade Account
- Open Charts & start practice trading.
- If you do not have a practice trading account you can sign up for a demo trade account using the File menu, Click the New Practice Account Registration & enter your details.
To start forex practice trade as a trader you will need the Forex MT5 platform and with this platform you can then open demo account to learn forex trading - MT5 demo forex account.
How Do You open MetaTrader demo? To start trading with a practice account used for practice trading, a trader can do this directly from their MT5 Forex trading platform. Below is an example of how to open a demo account and how to start demo trade practice using the MT5 platform, on the top left corner: click File then click 'Open an Account' button key as shown below.
What is MT5 Demo Account - Open Forex Demo Account MT5 Platform
Once you click on this link you'll be taken to your forex broker web site where you can register for details of a MT5 Forex practice account.
Next step is to fill the following form displayed and illustrated below, the required information is:
- Your first name
- Last name
- Country
- City or town
- Phone number
- E-mail address.
After filling these details on the open MetaTrader 5 practice trade account form below, click the open trading demo account button.
Opening of a Demo Account in the MT5 Platform
Once you fill the Start Demo Trading Account form and complete this step, you will then receive confirmation details of your online MetaTrader 5 software practice login & password details as displayed below. A copy of these details will also be sent to your email address.
Forex Demo Account MT5 Platform - MT5 Forex Demo Account Registration
The MT5 start demo account trading details of the free MT5 platform practice trading account you just registered for which are sent as an email will appear in your inbox as illustrated and shown on the screenshot below.
Demo Sign Up Details Sent to E-Mail Address - MT5 Practice Account
Once you receive the MT5 login details to your demo account in MT5 platform, you can now then login into the MT5 platform and start to access the forex market & practice trading on this MT5 practice trading account. This MT5 account also has a practice trading mobile app version which you can also use to log in to your free practice trading account. This forex MT5 practice account can be used to learn about forex trading, stock indices trading CFDs trading as well as Gold Trading.
