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RoboMarkets FAQ
Why do I need a demo account?
Demo accounts were created both for beginners with little knowledge and more experienced traders.
- 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).
- 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 (MT4) - Prime
- Demo (MT5) - ECN
- DemoPro - Pro-Standard