Newcomers to the market should consider choosing a trading platform where they can open a demo account to practice test trading. XTB Demo helps you experience financial trading without betting capital. With a demo account, you can test trading and analyze the market with virtual money. In this article, XForex will provide detailed information on how to create an account and related issues when using a demo account. Let’s find out.

Information you need to know about the XTB demo account

XTB Demo is a virtual trading account from XTB that allows you to test strategies and understand how their trading platform works without staking any actual capital.

• Free and risk-free
• Deadlines may be limited
• Same with real accounts
• Ability to learn and test strategies
• Cannot withdraw money

What is a Demo account on XTB?

A demo trading account is a completely virtual account, but it has all the same features and technical indicators as a real account. Users use virtual money to trade, and the demo account reflects the same profits as a real account. For this reason, demo accounts are ideal for beginners who want to learn about the basics of investing.

>>>See more: Trade safely and effectively on reputable Broker XTB

XTB reviews demo account features.

XTB offers Demo accounts for new users, allowing them to experience real trading on the exchange with important features:

• Virtual balance of 10,000 USD to test trading without worrying about real financial risks.
• A wide range of financial instruments including forex, indices, and stocks allows you to test different markets.
• Low spreads from 0.2 pips, helping you save on transaction costs.
• More than 2000 global CFD markets give you a diverse experience in choosing which markets to trade.

What benefits does a Demo account have for beginners of XForex ?

The advantages for beginners are:

• Learn to trade: This allows you to learn and become familiar with trading without financial risk.
• Strategy Testing: Provides an opportunity to test and test trading strategies before actual trading.
• Understand the market: This helps you understand how the market works and reacts to different factors.
• No financial risk: No real money wagering is required, allowing you to focus on learning and growing.
• Develop trading psychology: This allows you to become familiar with trading psychology without facing real financial pressure.
• Platform Test: This helps you test and understand XTB’s trading platform before starting actual trading.

Detailed instructions on how to open an XTB demo account

The Demo account helps you experiment and get familiar with the XTB Trading platform, test trading strategies, and use available tools and indicators. All of this can be done without staking any actual money, allowing you to test your trading and risk management methods.

Step-by-step process to create a demo account on XTB

• Visit XTB’s official website at: XTB home page https://www.xtb.com

Enter your email correctly. Then select the country to trade. Next, click on the item: agree to the terms. Then click on ”NEXT STEP”.

Here, set a password for your account. So you can perform an XTB login with a Demo account to start experiencing transactions on the XTB exchange.

>>>See more: Simple instructions for XTB sign up on your phone

Things to note when opening an XTB demo account

• Demo accounts use virtual money, no real money is involved. No financial risk.
• Check the expiry date of your demo account so you can use it effectively.
• Use a demo account just like a real account to develop your trading psychology, knowledge, and trading skills
•  When you are confident with the demo account, you can open a real account for real trading.
• After you have enough knowledge about the exchange, you can perform an XTB delete account and then start trading with a real account.

General assessment of the XTB demo account

Beginners often need a demo account to practice and learn before investing real money. A demo account allows you to get acquainted with aspects such as the trading platform, methods, and strategies. Helps equip you with knowledge and be more confident when participating in the real market.

However, remember that it cannot completely replace the experience of trading on a real account. And trading psychology is also an important factor when trading on the real market.

Advantages of a demo account on XTB Forex

• Demo accounts are very useful when you want to test new trading without any exposure. This is a good tool to start with, regardless of the specific currency or other asset
• A demo account helps you understand how the broker works, has many options and is free. You can quickly change if needed.
• Demo accounts help you learn from professional investors, and try out strategies with virtual money.
• Demo accounts also help you avoid mistakes in real trading. XTB offers a unique demo account, making the registration process quick and simple.

Disadvantages of XTB demo account.

• Lack of real financial pressure. No real money involved, a lack of focus, and a real feeling of financial pressure
• Lack of trading psychology. Don’t face real profit loss.
• A demo account may not help you develop the necessary trading psychology.
• Does not completely reflect the actual market. There is a discrepancy with reality, leading to misunderstandings and failures when trading.

Conclude

Above are all the instructions on how to open a demo account at XTB. Investors can use the information in this article and practice trading on the XTB Demo account to evaluate for themselves whether they are suitable for the trading strategy and trading platform of XTB. Besides, you should refer to the difference between XTB vs Exness in the next article shared by XForex to be able to decide choose the most suitable exchange for yourself.

FAQ

Does the demo account have an expiry date?

The XTB demo account has no time limit, so you can use it indefinitely. The demo account remains active until you log in at least once every 10 days. To keep your account from being disabled, log in or connect your account regularly.

Is it possible to withdraw money from the XTB demo account?

Regarding withdrawing money from the demo account, you cannot. The demo account provides virtual funds for trading practice and learning purposes only. These virtual funds cannot be converted or withdrawn as they have no real value and only exist in a test environment.

Is there a fee for a demo account?

The demo account has no fees. XTB demo accounts are provided for free to test and practice trading on the XTB platform. You will receive some virtual money to use for test transactions without having to deposit real money or pay any fees.