Are you planning to create a JustForex demo account, but you have a lot of queries and doubts related to it that are stopping you? If yes, then read this article thoroughly it will surely give you a satisfactory answer to your questions.
Creating a demo account is one of the best choices that a beginner can make. It will give you a lot of market exposure and will train you to become an expert. Delve into the article to learn more about JustForex Demo Account.
Why should one consider opening a JustForex Demo Account?
We have mentioned above that being a beginner. It becomes pretty challenging for a lot of people to handle their accounts and all the process. So, it is an ideal choice for them to opt for the JustForex demo account. A demo account will give you ample opportunity to learn new strategies, and it will assist you in comprehending the usage of tools.
Additionally, if you create a demo account, you can understand the hurdles of the trading world even without entering it. Newbies can never get success without the advice of experts, so on this platform, you can consult the advisors and get their valuable pieces of advice.
What is the Process of Opening a Demo Account?
In this section of the article, we will tell you the step-by-step procedure of opening a JustForex demo account.
- For opening a demo account from the Back office, it is imperative to log in to the Back Office. In case you have no account, then first sign up.
- At the left sidebar, there is an option “my accounts.” Click on it.
- Now it’s time to choose a trading platform. You have two options MT4 and MT5.
- Pick with the account type
- After that, select the currency type for trading.
- Pick the leverage ratio. But bear in mind that you must have selected the same leverage as your real-money account.
- Type the preferred virtual balance
- Enter a password, but it must be strong
- Click on “open account,” and your account has been created.
Trading instruments for Demo Account
JustForex has a wide range of instrument and assets options available. Depending upon your ease and choice, you can select one. Here are the details of the instrument options that you have at JustForex.
Let us start with Forex, based on sixty-five minor or exotic currency pairs such as GBPUSD, USDZAR, EURUSD, etc. When it comes to cryptocurrency, you will be glad to learn that they support seven major virtual currencies: Bitcoin, Ethereum, Ripple, Bitcoin, etc. JustForex has eleven indices such as S$P 500, NASDAQ 100, FTSE 100, etc. Furthermore, you can trade in energies too, and they have two: WTI Crude Oil and Brent Crude Oil.
Stocks and metals are the two more options that you have if you are using JustForex. In the case of metals, you have the choice of 8 different metals of silver and gold. On the other hand, if you prefer stocks, they have sixty-five shares of Hilton Worldwide, Facebook, or Apple.
To wrap up the discussion, I would like to say that if you trust to open a demo account due to the fear of any fees, stop taking tension and create an account because there is no commission, deposit, withdrawal, or any other fees. So, if you want to become a pro in trading, the demo account is excellent for experiments. You will surely learn a lot about trading, and they will assist you in the long run.