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What happens when demo accounts expire ?

rfx (ranesh)
Mar 17 2010 at 04:32
257 posts
Hi,

Can someone pls tell me if my demo trading transaction details will continue to be available to me on myFXbook even after the demo accounts expire ? Because demo accounts with my broker remain active for trading only for 90days.

Thank you.
Myfxbook (Staff)
Mar 17 2010 at 08:08
1405 posts
Yes, data will remain intact until you choose to delete it.
rfx (ranesh)
Mar 17 2010 at 08:13
257 posts
Great !

Thx for the prompt response.

Have a blessed day.
AmDiab
Jul 13 2017 at 12:41
718 posts
In this case, I would suggest new traders to use the demo trading service who are offering unlimited demo service! Frankly, only 90 days isn’t enough for general new traders! They are offering limited demo service for observing their trading terminal not for learning.
Tiffany (TiffanyK)
Jul 14 2017 at 07:28
427 posts
I agree. 90 days is really not enough. Sometimes you need more time for research, develop your strategy, made your mind, go on holiday ... etc Try another demo accounts - there are many many out there :)
Accept the loss as experience
Akasuki
Jun 06 2021 at 10:58
605 posts
Yes demo is important. We can't test a strategy on live account to know how the strategy works unless have enough money to loss. It's the demo where we should test any strategy first. If it gives good results in demo we can try on live.
SteveHanks
Jun 07 2021 at 05:59
536 posts
AmDiab posted:
In this case, I would suggest new traders to use the demo trading service who are offering unlimited demo service! Frankly, only 90 days isn’t enough for general new traders! They are offering limited demo service for observing their trading terminal not for learning.
Yes. It is right. 90 days is too short to understand trading and the market.
Bulldog_M
Jun 07 2021 at 06:57
16 posts
True, i have practiced for as long as 6 months on demo, and i assure you its worth all the time.
Faujinn
Jun 07 2021 at 08:17
57 posts
In most cases, many brokers provide a free demo account with unlimited possibilities.
Jordan5ith
Jun 07 2021 at 13:47
56 posts
When your demo account expires, you no longer have the liberty to trade without risk or involving fake capital. I suggest trading with FP Markets because the demo account does not expire until you stop trading in it.
Dictiony
Jun 08 2021 at 00:11
231 posts
The demo is account is very helpful to make good strategy and plan and you can test your strategy with demo trading and if you feel now all is perfect you can shift yourself to real trading with real money.
yana hansen (78678676)
Jun 08 2021 at 06:37
137 posts
As far as I know, when a demo account expires, it cannot be retrieved. You need to create a new one.
Alexthetrader
Jun 08 2021 at 06:51
64 posts
Dictiony posted:
The demo is account is very helpful to make good strategy and plan and you can test your strategy with demo trading and if you feel now all is perfect you can shift yourself to real trading with real money.
Yeah right buddy!
Do you backtest your strategies on demo account even after starting with real trading?
Antonio_K
Jun 08 2021 at 07:12
27 posts
I believe you should never let your demo account expire, thats something you can always keep for backtesting new strategies. Why would you want to risk your funds all at once, demo is a great way to minimise that risk.
AliaDare
Jun 22 2021 at 17:23
788 posts
Staff posted:
Yes, data will remain intact until you choose to delete it.
Yes, you are right. I also wanted to give you such advice.
gradking
Jun 23 2021 at 06:08
15 posts
No need to worry about expiration of demo account, learning are with you always. Open another demo account with any broker and apply strategies there!
lovefortrading (perryjohn765)
Jun 23 2021 at 07:43
238 posts
when the demo expires i believe it cannot be recovered. one needs to create another account and then start trading. But may be some brokers it can be receoved and used again.
BarronLucas
Jun 23 2021 at 15:25
35 posts
When the demo account is expired, the only way to retrieve it is by registering again or use a broker that expires only the demo account which is not been used for several weeks or months.

for example, I currently trade with a broker FP markets whose demo account expires if inactive for several weeks.
UweMoench
Jul 31 2021 at 11:45
751 posts
You better find a broker that gives demo trading opportunity for long term. To test a trategy one needs at least few months of demo testing.
Vaobell
Aug 25 2021 at 19:44
12 posts
I don't personally think that traders have to trade on demo account until it's expired, because they just waste their time. You have to trade on demo like on a real account in order to understand the mechanics of trading activity. You shouldn't open a deal with 5000 points for example, because you perhaps can't afford such amount of money per deal on a real account. So, if your demo is expired then you can find another broker which can offer you more points on a demo account. Nevertheless, you should understand that you shouldn't stay too long on demo because it can literally ingulf you and you won't be able to trade on a real one.
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