Demo Accounts - Which ones stay open with no recent trades?
Member Since Jan 05, 2016
1189 posts
Sep 07, 2019 at 19:34
WDL72 posted:
Hi guys,
Can you please advise which brokers allow you to keep Demo accounts open indefinitely? I'm currently using Alpari UK but they close them down after 30 days of no trades and I want to list my demo accounts on here on a monthly basis. As I am now done with Dec14, there will be no more trades on that account but I need to keep all the trades I did on it 'clickable' via MyFXBook.
Thanks
Instructions....
1) They're demo accounts, so they're not good examples of trading under real conditions.
2) They're demo accounts, so they have no real value.
3) They're demo accounts.
4) See items 1 through 3 if you have any questions.
Also..... You could just log into the account every couple of week or so and place a pending trade at a price you know wont get triggered (a few thousand pips away from the current price?), set it with an expire time in the near future, and then log out. The system 'should' see it as trading activity. However, you might want to consider steps 1 - 4 in the instructions above.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Sep 28, 2019 at 15:53
Roberto21 posted:
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
I think; only 3 months will be unable to unsure good trading skill by practice! whatever; demo is the best way of Forex learning; no doubt on it!
Nov 14, 2019 at 10:19
Demo trading the first of trading in Forex , but Honestly speaking I have never used this trading place when I was a newbie. Because I was bored in here. I studied in Pips School and besides this i was in live account with small balance. It worked greatly instead of demo account.
Feb 11, 2020 at 19:27
Are you able to make it done or not? I am not realising anything of what you just mention anyway.... can we see something better really done or whatever things. I am hoping it will not be there lately. Why do you make so much issue demo accounts?
Apr 26, 2020 at 18:18
You have clearly got yourslef involved with the wrong kind of brokers. They sjhould not close your demo account just because no trades are happening. These kind of brokers usually have a secret agenda behind their demo accounts. I am afraid that there is no way you can escape this, It is going to happen no matter what.
Apr 26, 2020 at 18:19
You may be a beginer but you have gone way too far in the wring direction already.. There are so many good brokers that you could have chosen. Always check the terms of the brokers before you decided to work woth them. Think carefully before you make decisions.
Member Since Apr 30, 2020
8 posts
May 28, 2020 at 12:42
I always use demo accounts to test my ideas
Member Since Feb 22, 2011
4862 posts
Sep 04, 2020 at 08:23
WDL72 posted:
Hi guys,
Can you please advise which brokers allow you to keep Demo accounts open indefinitely? I'm currently using Alpari UK but they close them down after 30 days of no trades and I want to list my demo accounts on here on a monthly basis. As I am now done with Dec14, there will be no more trades on that account but I need to keep all the trades I did on it 'clickable' via MyFXBook.
Thanks
Your system published to MFB will stay there eventhough your broker will delete your account.
Member Since Jul 20, 2020
232 posts
Sep 11, 2020 at 17:28
Demo account is the best way to learn forex perfectly. Every new traders should use the demo account before start trading with their real money.
Member Since Jul 23, 2020
869 posts
Sep 23, 2020 at 17:24
Akram101 posted:That’s good. I have a real account. But sometime I need demo account to test some new skill and strategy.
Even if they close them down after 30 days you can just open another one. I know that Admiral will give you a demo account for life if you open a live account with them
Member Since Jul 19, 2020
318 posts
Sep 23, 2020 at 18:49
If you want to learn forex perfectly, A demo account can be the best option for you. It will help you to learn all the basics of forex perfectly and properly.
Sep 24, 2020 at 00:01
Demo practice for new traders should be done for a minimum of 5 months. Demo trading should be done as long as you are not able to develop skills in demo trading. You will get satisfaction by trading in that broker. That broker should be traded.
Member Since Jul 20, 2020
341 posts
Oct 14, 2020 at 11:23
A demo account is the best option for the new traders to practice and make themselves perfect for the market.
