Abstract：Founded in 2006，AvaTrade is one of the most reputable and trustworthy leading forex broker around the world, allowing its clients access a wide selection of trading instruments, transparent and fair trading costs, state-of-the art MT4 & MT5 trading platforms, 24 hours dedicated and professional customer care. A large number of prospect investors are attracted by superb offerings by this brokerage firm and want to have a try with it.
Founded in 2006，AvaTrade is one of the most reputable and trustworthy leading forex broker around the world, allowing its clients access to a wide selection of trading instruments, transparent and fair trading costs, and state-of-the art MT4 & MT5 trading platforms, 24 hours dedicated and professional customer care. A large number of prospective investors are attracted by superb offerings by this brokerage firm and want to have a try with it.
There are two pillars that make up the mastery of trading: learning and practice. A practice trading environment and test trading environment with your broker seem to be extremely important, particularly when you are coming to a new trading platform or when you are trying this broker for the first time. Therefore, a demo account available with this platform is the perfect choice for you to get a feel of AvaTrade before committing your real capital.
The demo account at AvaTrade provides you with the opportunity to take part in a trading experience that is very much on par with what you will encounter in the real market, with a total of $100,000 in virtual funds available for use. Avatrade is on the list of 10 Best Demo Account Forex Brokers in 2022, selected by WikiFX, a global forex broker regulatory inquiry platform.
Here is the video of 10 Best Demo Account Forex Brokers in 2022:
Everyone who sets up a demo account with AvaTrade can benefit from the following features:
Access to over 10 classes of trading assets that a live account would offer, including stocks, majors, minors, and crosses, indices, bonds, commodities.
The ability to use trading leverage, from 1:30 to 1:500, same as real trading.
$100, 000 virtual money available for you to practice and fine-tune your trading strategies.
Available with multiple trading platforms, like MT4, MT5, WenbTrader, AvaTradeGo, and more.
Real-time pricing environment to give you a live trading environment.
Online chat customer care is also available with demo accounts to solve any trading related issues.
Various orders can be placed like the real market, including stop-loss, entry limits, entry stops, limit orders and market orders.
In the demo account environment, you can practice trading in an environment that is safe and risk-free and refine your trading skills before you move on to the real market where you can practice trading. As well as that, knowing that you have a specific amount to use will train you to be aware of your account and not just take advantage of the virtual mode to trade to test the waters.
Opening a demo account is totally free with AvaTrade, and there is no real charge to be paid for using this service.
Open a demo account is a hassle-free process, several straightforward steps are listed below:
The very first thing to open a demo account with AvaTrade is to go to their homepage (https://www.avatrade.com), here the following landing screen comes into sight, then click “Demo Account” where the red arrow indicates.
To proceed, you are required to enter a few basic pieces of information, including your main country of residence, and the importance of this question relates to the regulatory body that protects you. As AvaTrade is regulated in five jurisdictions, they have to make sure that customers' terms and conditions are in accordance with those jurisdictions. Regulatory requirements also require that you tick the boxes on the registration page in order to complete the registration process. Licensed and authorized forex brokers are only allowed to offer demo accounts to clients who agree to terms related to privacy policies and other online protocols that relate to operating a demo account.
Besides, a valid email address, telephone number, and password are also required to verify your authenticity. If you want to sign up automatically through your Facebook or Google accounts, then you will have the option on this screen to enter the information that you have registered with these accounts. After completing the fill-out, a demo account is successfully set up.
After successfully registering a demo account, you are directed to the following dashboard. This section provides you with the opportunity to choose among a variety of options that are available to you through your AvaTrade demo account, which include features such as viewing your personal information, depositing funds (an upgrade to a real account is required), among others. Then, you ultimately come to the step to download your AvaTrade trading platform to start placing demo trades.
Choose your preferable demo platform. A final essential step to get started with your AvaTrade demo accounts is to select your preferred trading platform.Surprisingly, demo accounts are available with all four trading platforms: MT4, MT5, and WebTrader as well as AvaTrades award-winning proprietary trading App called AvaTradeGO. Webtrader is suitable for novice traders, as well as being simple to use, it is also equipped with lots of powerful tools that will help you to be in a position to make a profit from it.
MT4 and MT5, the two most popular trading platforms in the world, are both ideal for traders with all levels of experience and skills. MT4 & MT5 trading platforms feature multiple technical indicators, powerful charting tools, a user-friendly interface, and more importantly, they support EA (Expert Advisors), a program that once traders use this, the trigger alerts that have been configured for certain parameters will immediately provide trading actions and notifications to the user when those parameters are satisfied in the markets. Both MT4 and MT5 can be accessed on any device, which means that you can trade anytime, anywhere with demo accounts.
AvaTradeGO is an award-winning and powerful trading app developed by AvaTrade, with which you can choose from more than 1,000 tradable instruments, including the worlds most popular currency pairs, stocks, cryptocurrencies, and more, all in the palm of your hand.
Here is the video shows how this trading App works:
Since each trader has different requirements and goals when it comes to trading the live markets and when practicing their trading skills in the AvaTrade demo account. As a result, it is entirely up to the individual trader to make the decision as to which trading platform will work best for them and what they expect to gain from it.
The AvaTrade demo account does not have an expiration time for inactivity, but please note that the demo account will expire after 21 days if it remains inactive.
If you cannot log into your demo account, there may be two reasons for this:
1. You are requested to confirm that the login details you have entered are correct and to take another try (passwords are case sensitive). It would be helpful if you could send a screenshot of any error message you receive if you continue to encounter issues (a screen shot of any error message would be great to have),
2. The demo accounts are available for a period of three weeks, after which they will expire. Please keep in mind that if your demo account was created more than 3 weeks ago, you will need to create a new one.
You can create a new demo account by following the simple steps below, which you can do in a matter of minutes:
1. You can access “My Account” using your email address and password:
2. A green button “Add an Account” will appear on the right side after logging in;
3. Select Real Account or Demo Account from the drop-down menu;
4. Decide on the trading platform and the base currency of the account;
5. In a few seconds after clicking the submit button, you will receive an email with the login credentials for your new account.
Essentially, a demo account gives you the opportunity to trade with some of the most reputable trading platforms in the world, allow you to experiment with trading environment and help you to refine your trading strategies without having to make a real deposit. For this reason, if you are new to the forex world or want to switch to a new platform, we strongly recommend that you open a demo account first to see what happens.