Justmarkets
Icmarkets
Roboforex
Justmarkets
Justmarkets
Amarkets
Multibank
Justmarkets
Justmarkets
Forextime
Avatrade
Justmarkets
Justmarkets
Tmgm
FXPro
Justmarkets
Choosing Between JustMarkets vs RoboForex: Best Forex Demo Accounts on the Market
If you want to be a pro in Forex or at least understand what’s going on, Forex demo accounts are your absolute must-haves. They not only allow you to practice and try every available feature but also help you to feel more comfortable and confident. These things are very important in real trading, as only cold-headed people can create truly great and organized strategies and trade like masters even when the market is highly volatile.
Today, we’ll talk more about Forex trading demo accounts: how they work, what features they have, and how you can benefit from them. We’ll discuss two of the most popular brokerage platforms out there, JustMarkets and RoboForex. Our goal is to see the best Forex brokers with demo accounts in action, compare them, and help you make the right choice.
What Value Demo Accounts Bring to Beginners and Experienced Traders
It’s obviously how demo trading can help beginners. However, seasoned traders can also find it useful, especially when they want to try some new instruments or markets. Besides, professionals who experience bad trading days may find it useful to trade in a safe environment for some time. Try new techniques, adjust your strategy, and monitor the market without stress. Once you calm down, return to the real trading with renewed vigor and motivation.
Demo Forex Trading Accounts Overview
Now, let’s remind ourselves what Forex demo accounts are about and what features set lies in their core. Should you go for a demo or delve straight into real trading — find out in the next chapters.
What Is in the Core of Forex Demo Accounts?
Long story short, demo Forex accounts serve as a playground for traders to practice with “fake” virtual money. The account imitates all things from the classic, real options for you to gain unbelievably valuable knowledge. It’s a risk-free space where everyone can do everything, but with a reminder that the day to go for real experiences will come. The purpose of the whole demo simulation is to prepare you for this day.
Advantages of Using Demo Forex Accounts
Among the most crucial perks of Forex trading demo accounts are:
- Trading in a Risk-Free, Safe Space. There are 0 risks in trading with demo money, so you can develop your skills, build and enhance your strategies, and become more and more confident — all without losing your own money.
- Safely Testing Different Strategies. With a demo account, you will trade in the conditions that precisely simulate the real market. That’s why you can easily build strategies for your future deals on traditional accounts.
- Being on Familiar Terms with the Platform. Before switching to the live account, you can do so many things with your demo! Try how the market reacts to your actions and vice versa, see what trends prevail, and don’t forget to develop your trading intuition by predicting what awaits.
These are just drops in the ocean of features demo Forex accounts have in their pockets. When you try a demo, consider replenishing this list with your own dos to later share with your green trading friends.
What Opportunities to Wait From the JustMarkets Demo Account?
Finally, let’s reveal the best Forex trading demo accounts of two pretty popular brokers, JustMarkets and RoboForex. If you don’t mind, we’ll start with the first one.
Best Functionalities of JustMarkets Demo Account
Check what you can wait for from the JustMarkets demo:
- Virtual Balance: Justmarkets provides a substantial virtual balance for traders to practice.
- Real Market Conditions: The demo account mirrors real market conditions, offering a realistic trading experience.
- Access to All Features: Users have access to all trading tools and features available in the live account.
About Advantages of JustMarkets Demo
- User-Friendly Interface: Justmarkets offers an intuitive platform that is easy to navigate.
- Comprehensive Trading Tools: The demo account includes advanced trading tools and features.
- Educational Resources: Access to a variety of educational materials and webinars to help traders improve their skills.
How to Open a JustMarkets Demo Account
To open a JustMarkets demo account, follow these steps:
- Go to the official website of JustMarkets.
- Sign up by clicking on the “Open Demo Account” button.
- Fill in all the needed details and choose the demo account parameters.
- Once registered, download the trading platform.
All done! Now, you can start trading in the JustMarkets demo and benefit from its advantages.
Overview of the RoboForex Demo Account
And what about the RoboForex demo account? Let’s see what interesting propositions regarding this account type this broker has to offer.
Roboforex Demo Account Features
- Virtual Funds: Roboforex provides virtual funds to practice trading strategies.
- Simulation of Real Markets: The demo account replicates real market scenarios.
- Full Access: Traders have access to all the features and tools available on live accounts.
Advantages of Roboforex Demo
- Advanced Trading Platform: Roboforex offers a sophisticated trading platform with a range of functionalities.
- Wide Range of Instruments: Access to a diverse range of financial instruments for trading.
- Educational Tools: Roboforex provides various educational resources and tools to enhance trading skills.
Steps to Open a RoboForex Demo Account
To start demo trading with RoboForex, consider the following:
- Visit the RoboForex homepage.
- Register by clicking on the “Open Demo Account” option.
- Enter all the required information and choose your demo preferences.
- If all is done, download the platform to start.
You see, both JustMarkets and RoboForex have simple and almost similar steps for starting demo trading. Pay attention to other details and peculiarities of each broker, including their clients’ reviews, to choose your ideal brokerage platform.
Comparison of Justmarkets and Roboforex
Comparison of Terms and Conditions
- Minimum Deposit: Both brokers offer demo accounts with no initial deposit requirements.
- Available Tools: Both platforms provide a comprehensive set of trading tools and features.
- Platform: Justmarkets and Roboforex offer user-friendly platforms with advanced functionalities.
Platforms for Forex Trading Demo Accounts
- Justmarkets: Known for its intuitive interface and ease of use.
- Roboforex: Offers a more advanced platform with a broader range of trading tools.
Support and Training
- Justmarkets: Provides extensive educational resources, including webinars and tutorials.
- Roboforex: Offers a variety of training materials and customer support options.
FAQ
- Justmarkets: Typically provides a substantial virtual balance to allow ample practice.
- Roboforex: Also offers a significant virtual balance for trading practice.
- Justmarkets: Offers access to educational resources, but direct analyst support may be limited.
- Roboforex: Provides educational materials and support, but real-time analyst advice is generally not available on demo accounts.
- Justmarkets: Settings and trading history do not typically carry over when switching from demo to live accounts.
- Roboforex: Similar to Justmarkets, settings and history may not transfer directly.