I will explain the Axiory demo account, which is popular for its low fees and high quality of support.
By opening a demo account, you can practice trading and check the actual trading environment in Axiory.
If you have any doubts about the trading environment, it is a good idea to try a demo account before opening a real account.
This article describes the following:
- How to utilize Axiory demo account
- Characteristics of Axiory demo account
- Notes on Axiory demo account
- How to open Axiory demo account
- Features and benefits of Axiory demo account
- What is the purpose of using the Axiory demo account?
- Precautions when using the Axiory demo account
- Axiory Demo Account Specifications
- Axiory demo account expiration date
- How to open Axiory demo account
- You can increase margin in Axiory demo account
Features and benefits of Axiory demo account
Axiory offers a demo account.
Really tradeable account that is not demo accounts is commonly called “real account”.
When you open a demo account, equity is set in advance.
No need to deposit.
Just open it and you can start trading immediately.
- Easy registration, no need to submit identity verification documents
- Equity is prepared and you can trade immediately without deposit
- Trading is possible in almost the same environment as the production
- The rate etc. are the same as the actual production and are reflected in real time
- Products such as currency pairs and CFDs offered are the same as real account
- Anyone can use it for free
- No risk of losing your money
What is the purpose of using the Axiory demo account?
The demo account can be used for the following purposes.
- Check the trading environment of broker before opening a real account
- Forex beginners practice trading
- Try trading currency pairs and CFDs that you haven’t traded before
- Test EA (Automatic Trading Tool)
Check the trading environment
Regarding the first point of checking the trading environment, you can check the following points by actually trading with the demo account of the forex broker.
- Is the information on the official website correct, such as spreads?
- Is there any suspicious point about fluctuations in spreads and prices depending on the time of day and products?
- Is it easy for orders and payments to pass, or is it slippery?
The demo environment of each broker is provided “almost” the same environment as the real account.
You can check the approximate usability with the demo account.
Forex beginners practice trading
The demo account has almost the same environment as the real account, so you can practice trading in a real rate environment.
Even if you are not a beginner, you may use it as a place to practice, such as trying out newly learned methods.
Try trading currency pairs and CFDs that you haven’t traded before
This is what I do, sometimes I try to trade currency pairs and CFDs that I don’t usually trade.
I can do it with a real account, but since trading of unfamiliar products often loses at first, I use a demo account for verification.
Test EA (Automatic Trading Tool)
EA (Automatic Trading Tool) can be used in MT4 and MT5, a demo account may be used for testing in a real environment (called “forward test”).
Some paid EA’s do not work with demo account, so it is limited, but it is super dangerous to suddenly try EA that you have not used yet with real account, so you need to verify with demo account first.
If you have programming knowledge and skills, you can also develop your own EA using a dedicated language called MQL that runs on MetaTrader.
If you want to test your own EA, you will use demo account.
Precautions when using the Axiory demo account
In this way, anyone can open a demo account for free and it is a trading environment that can be used easily, but there are cautions when using it.
- Strictly not exactly the same environment as a real account
- Withdrawal is not allowed
- Deposit is not allowed
- Demo account cannot become real account
- Lack a feeling of tension
Strictly not exactly the same environment as a real account
Demo account is said to be “almost” the same environment as real account, but it is not exactly the same environment.
If you want to check the usability of a real account strictly, it is best to try using a real account even with very small margin.
Withdrawal is not allowed
Of course, even if you make a profit, you cannot withdraw.
Of course, you cannot withdraw the margin that is set automatically when you opened the demo account.
Deposit is not allowed
You cannot deposit to the demo account.
Even if your margin balance becomes zero during trade verification, you cannot deposit and increase your margin.
In this case you will have to open a demo account again.
In addition, some brokers will increase the margin of the demo account on an application basis.
Demo account cannot become real account
If you like the trading environment and want to continue trading with that broker, you need to open a real account again.
In that case, please note that the account number and the server name to login to MetaTrader will also change.
Lack a feeling of tension
This is the most important point.
The demo environment is not your own money, so you can trade as much as you want.
Even if you trade in a high lot that you would never normally do and lose a lot, there is no shock.
There is no point in practicing trading or verifying the method if you trade completely differently than usual.
Those brokers who practice and verify trading should keep in mind this part.
Otherwise, you will be doing the same trade, and you will lose in the real account.
Axiory Demo Account Specifications
There is no limit to the number of demo accounts you can create in Axiory.
You can open demo accounts of Standard, Nano, Max and TERA account type.
The trading platform is also available for MT4, MT5 and cTrader.
This means that you can try almost all type of real account as a demo account.
For more information on Axiory account types, see the separate article, “Axiory All Account Types“.
Axiory demo account expiration date
Axiory’s demo account expires 90 days after your last login.
However, there is no limit to the number of accounts that can be created, so you can create them again if necessary.
How to open Axiory demo account
From here, I will explain how to open a demo account in Axiory.
To open a demo account for Axiory, you need to register as a user in MyAxiory.
If you already have a real account in Axiory, you can add a demo account from MyAxiory.
Register to MyAxiory
Click “Trading Conditions” – “Demo Account” on Axiory top page.
OPEN A FREE DEMO TRADING ACCOUNT
Click “OPEN A FREE DEMO TRADING ACCOUNT”.
Input personal information
Enter your name, email address, and phone number.
Your email address will be used as your MyAxiory login ID.
Also define your login password and click “Start Trading”.
Verify email address
You will receive a registration confirmation email for MyAxiory.
Open the email and verify your email address.
Login to MyAxiory
Click “Login to MyAxiory” in the same email.
Or login to MyAxiory from Axiory top page.
Click “Create new account” at the top of the account list in MyAxiory.
Create New Accont
Select “Demo Account”, then select trading platform, account type, account currency and leverage.
First, select platform.
You can select from MT4, MT5 or cTrader.
I recommend to use MT4 and MT5 because cTrader is not so popular.
Once you select the platform, you will see the account types available for selection.
For Standard, Nano and MAX accounts, you can choose MT4 or cTrader.
MT5 is available for Tera accounts.
Let’s create a MAX account here.
Specify the leverage and account currency, then click Create New Account.
Demo account has been opened
The demo account will be created immediately and will be reflected in the account list.
Check the demo account login information email
You will receive an email with login information for your demo account.
The login ID, password and connection server name of MT4 are written.
How to Install and Login to MetaTrader
If you haven’t installed Axiory MT4/MT5 yet, please refer to “Axiory MT4/MT5, How to Install and Login” for PC version of MetaTrader, and for mobile app, refer to “How to Install MT4/MT5 Mobile App” and install MetaTrader.
After installation, you can login to MetaTrader by using login ID, password and server name that was informed by email.
When you login, the margin is already set, so you can trade with demo account now!
You can increase margin in Axiory demo account
With other forex brokers, you can not increase the margin of the demo account by yourself, but Axiory is unique and you can increase the margin by depositing like a real account.
However, please be assured that you don’ need to deposit your money.
Click “DEPOSIT” of demo account in MyAxiory
Login to MyAxiory and click “DEPOSIT” in the demo account line of your account list.
Make a deposit
Enter the amount you want to deposit.
Then click “Top-up Your Demo ACcount”.
Balance has been increased.
Your demo account balance will be increased immediately.
It is also possible to transfer funds between demo accounts
Interestingly, you can also transfer funds between Axiory demo accounts.
It doesn’t seem to be very useful, but you can manage the same funds as a real account.
Make good use of the demo account to get used to trading and verify the trading environment.
I recommend that you make sure before opening a real account.
＼Open for Free!／