Demo Trading Account

A demo account is a simulated market environment offered by a trading provider that aims to recreate the experience of ‘real’ trading as closely as possible. This is so that you can get a feel for trading FX on our platform. The main difference is you won’t be at risk of losing any money, so you can explore and experiment with confidence.

When you open a demo account with tastyfx, you’ll be given immediate access to a version of our online platform, along with a pre-set balance of $10,000 in virtual funds to practice with.

Traders will choose to practice trading on a demo account because it enables them to get to grips with a platform, build their strategy, and grow in confidence, without having to risk any real money.

Demo accounts aren’t just for newcomers. Experienced traders often like to use demo accounts to try out new strategies, tools, or ideas, safe in the knowledge that they won’t result in any real-world losses.

You’ll often see demo accounts described as ‘paper trading’, which is the term to describe simulated securities trading. However, with a tastyfx demo trading account, you’ll gain access to over 80 FX pairs.

A demo account will enable you to view all the FX pairs available to you with tastyfx and get used to how they behave. You’ll be able to select the pairs you want to keep an eye on and set alerts so you can react instantly to any price volatility. The demo account will also help you navigate the tastyfx platform, ensuring that you can read and analyze price charts, fill in the trade ticket, and monitor open positions.

Alternatively, if you’re interested in using more advanced software, we also offer an MT4 demo account. This enables you to build your understanding of the MetaTrader 4 online trading platform in a risk-free environment.

There is no difference between a demo trading account, trading simulator, or paper trading account. All of these terms are just synonyms for the same type of simulated trading platform.