Demo Trading Account
How do I open a Demo account?
Demo accounts are a great way to get a feel for live trading. We want customers to feel comfortable trading in our platform before placing real money in an account. For a FREE DEMO, please sign-up here.
How long is the Demo active?
Forex Trading Edge is proud to offer unlimited demo trading for all interested clients. Be aware that at the end of each month the account history will be erased. You can save the history by right clicking on the account history and saving as report.
Do Forex Trading Edge Demo accounts involve real money?
No. The money provided in the Demo account is virtual play money with your choice of initial deposit. This virtual play money is provided so that you may practice trading before opening a Live account.
No charges are incurred for the transactions that you make. Demo accounts are only intended to familiarize you with the functionality of the MetaTrader trading platform. As in all trading environments, live results may differ from demo results.
How does the Demo account compare to a Live account?
The Demo account mirrors exactly what you will see if you sign-up for a Live account. The pricing and spreads are the same in Demo and Live accounts.
Does Forex Trading Edge support wireless trading?
Yes, to download the appropriate version of MetaTrader Mobile, go to www.forexte.com/metatrader_mobile.html.
What is an Expert Advisor?
An Expert Advisor is a scripting tool offered in the MetaTrader platform. The tool allows a user to program and implement their own trading algorithm or one created by a third party. Forex Trading Edge is happy to provide help with Expert Advisors. However, detailed technical issues may require third party assistance.
Can Standards, Minis, and Micros be traded on the Demo account?
No, only Standard and Minis can be traded on the Demo account. Micro-lot trading is only available for live trading accounts.
How do I receive my Demo login and password?
Once the platform is downloaded, simply go to:
• “File” then click “Open an Account” (note the ”Open an Account” screen may appear automatically when logging in).
• Fill in the brief information required and click on the box “I agree to subscribe to your newsletters”.
• Click “Next” two times.
• After clicking ”Next” the second time, login and password are provided. Write down this information for your records.
• After clicking “Finish,” the system will automatically log you into the new demo account to begin trading.
• On the top left corner of MetaTrader, your demo account number will be displayed.
What happens when you loose your password?
We do not keep track of the Demo account login or password information. If you lose your password you will need to create a fresh Demo account. (Please see “How do I receive my Demo login and password?” for detailed directions.)
I have no connection. What do I do?
There are times when you may get knocked out of specific data center. If you receive a no connection signal in the bottom right hand corner of the platform, simply left click and choose an alternate data center. Give each data center a few seconds to find a connection.
Can profits from a Demo account be collected?
No. The Demo account is only good for practicing trading using virtual funding. As this is only virtual play money, no profits or losses are awarded to customers.
Is Demo trading available on the weekend?
Demo trading is only available during regular trading hours (Sunday 5 P.M. thru Friday 5 P.M. EST).
What is my GMT offset?
The current GMT offset is 3.