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A trading demo account is a trading account with play money: you place orders at real prices, but no money moves and no trade reaches an exchange. The point is not to practise making profits, but to make mistakes where they cost nothing. European regulators have put a figure on how expensive the alternative is: when ESMA adopted restrictions on CFD trading with retail clients on March 27, 2018, it cited analyses by national authorities finding that 74 to 89 percent of retail client accounts lost money, on average between 1,600 and 29,000 euros per client. This article explains what a demo account can do, how a broker's demo account differs from an independent simulator, and how you can start with 10,000 euros of play money at real prices without signing up.
What Demo Trading Is and What It Is Not
Demo trading means the prices are real and the execution is simulated. You see the same charts as a trader using real money, you place the same order types, and the account calculates profit, loss, fees and, with leveraged produc...
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