What is a demo account?
A demo account is a type of trading account that allows a trader to trade a simulated version of a real life account without risking any money. Traders can use this type of account to learn how the markets work, the various trading platforms, and various strategies.
A demo account is an account offered by trading platforms that are funded with fake money, which enables a prospective customer to experiment with the trading platform and its various features before deciding to open up a real account. Demo accounts are offered by many online trading platforms, including stock trading platforms, foreign exchange trading venues, and commodities exchanges.
A demo account is a trading account that you can set up with a broker without making any transactions, so that you can get the feel of the trading platform before committing to a live account. A demo account lets you learn from your mistakes without risking your own money.
Nov 30, 2021 04:28