After installing Metatrader, you need to open a demo account. A demo account allows you to trade with virtual money, simulating real trading conditions. To open a demo account, click on the “File” tab at the top left corner of the platform, then select “Open an Account”.
What is a MetaTrader 5 demo account?
MOTFX provides all new account registrants with access to a user-friendly demo account running on the MetaTrader 5 platform. This practice account comes preloaded with $10,000 in virtual funds, allowing you to gain hands-on experience with the trading interface and test strategies in a risk-free environment before committing real capital.
What are the two types of MetaTrader 5 accounts?
MetaTrader 5 for iPhone supports two types of accounts: demonstration (demo) and real. Demo accounts offer a training mode without real money, providing the same functionality as real accounts.
