Why do I need a demo account?

Demo accounts were created both for beginners with little knowledge and more experienced traders.

  1. Clients with little knowledge use them to learn basics of trading, because using demo accounts involves no risks of losing your own money (virtual money is used).
  2. Other traders may use demo accounts to test their new trading strategy and EA, or the conditions provided by the broker.

After training or testing on a Demo account, you can start trading on a real account, but only if you are aware of all risks involved in operations on financial markets.

When switching to a real account, choose it in accordance with the demo account type you used earlier. Trading conditions on RoboMarkets demo and real trading accounts correspond in the following way:

  • Demo ECN (MT4) - Prime
  • Demo (MT5) - ECN
  • Demo Pro - Pro