Frequently Asked Questions
Find answers to common questions about our services
Differences between a demo account and a real
In forex trading, several vital differences exist between a demo account and a real (live) account. Here are the main distinctions:
Real Money vs. Virtual Money:
Demo Account: Functioning as a practice account, it utilizes virtual money. Traders can experiment with strategies and familiarize themselves with the trading platform without risking actual funds.
Real Account: Involving real money deposited by the trader, profits and losses directly impact the trader's financial situation.
Market Conditions:
Demo Account: Trades in a demo account occur in a simulated environment. Market conditions might not precisely mirror the real market, and order execution can be instant without slippage.
Real Account: Live trading exposes traders to genuine market conditions, including slippage, liquidity fluctuations, and the influence of news events. These factors can impact order execution and overall performance.
Psychological Impact:
Demo Account: Traders may not undergo the same psychological pressure and emotions since there's no real money at risk.
Real Account: Live trading involves significant psychological aspects. The fear of losses and the thrill of gains can influence decision-making and overall trading behavior.
Broker Execution and Slippage:
Demo Account: Order execution in demo accounts is typically flawless and might not reflect the actual speed or challenges faced in real markets.
Real Account: Live accounts may encounter slippage, delays, and variations in order execution, especially during volatile market conditions.
Risk Management:
Demo Account: Traders might not strictly adhere to risk management principles when using virtual money.
Real Account: Effective risk management is critical in live trading to safeguard capital. Losses have tangible financial implications, underscoring the importance of risk control.
Market Sentiment:
Demo Account: Traders in demo accounts don't contribute to real market sentiment, as they are not executing trades in the live market.
Real Account: Live traders actively participate in the market, influencing price movements and contributing to overall market sentiment.
Account Funding:
Demo Account: It is free, and users are not required to deposit real money.
Real Account: Traders need to fund a live account with real money to initiate trading.
Learning and Skill Development:
Demo Account: A valuable tool for learning and developing trading skills without financial risk.
Real Account: Trading with real money provides practical experience and reinforces the application of learned skills.
Traders commonly begin with a demo account for practice and gradually transition to a real account as they gain confidence. Both account types play crucial roles in a trader's development, offering distinct environments and experiences.
What is a Micro account?
Who would benefit most from a Micro account?
The Micro account is appropriate for traders of all levels, whether they are beginners or seasoned. It serves as an excellent entry point into the world of trading, allowing individuals to develop skills and accumulate experiences as they progress in their trading journey.
Account Details:
Minimum Deposit : $ 10
Major currency : USD, GBP, EUR, AUD, CAD, JPY
Swap : Free
Floating Spread : From 1.6 pips
Maximum Leverage : 1:2000
Account Currency : Usd
Execution Type : Market Execution
Minimum Order Volume : 0.10
Minimum Step Volume : 0.01
Minimum Margin : 1
Maximum Order Volume : 100
Margin Call : 30%
Commission : No
Trading Instrument : Forex & Commodities
Maximum Position : 100
Stop Out Level : 10%
What is a Pro account?
Who would benefit most from a Pro account?
The Pro account is suitable for both novice and experienced traders to apply their trading skills and implement them for a greater opportunity to gain profits. Traders can trade forex on 57 currency pairs, precious metal and oil with variable spread starts from 1.6 pips and no commissions. It is suitable for various trading styles, ranging from day trading to automated trading strategies and everything in between.
Account Details:
Minimum Deposit : $ 10
Major Currencies : USD, GBP, EUR, AUD, CAD, JPY
Swap : Free
Floating Spread : From 1.6 pips
Maximum Leverage : 1:2000
Account Currency : USD
Execution Type : Market Execution
Minimum Order Volume : 0.01
Minimum Step Volume : 0.01
Minimum Margin : 1
Maximum Order Volume : 200
Margin Call : 50%
Commission : No
Trading Instrument : Forex & Commodities
Maximum Position : 200
Stop Out Level : 20%
What is a Rookie account? (MT4)
Who would benefit most from a Rookie account?
The Rookie account is an account type that suitable to use by newbie traders, which providing them with the opportunity to engage in trading with smaller volumes and minimal trading units (cent lots). This account features the smallest minimum trading volumes, making it well-suited for experimenting with and testing various trading strategies.
Account Details:
Minimum Initial Deposit : $ 1
Swap : Free
Floating Spread : From 0.0 pips
Maximum Leverage : 1:2000
Account Currency : USC
Major Currencies : USD, GBP, EUR, AUD, CAD, JPY
Execution Type : Market Execution
Minimum Order Volume : 0.01
Minimum Step Volume : 0.01
Minimum Margin : 1
Maximum Order Volume : 100
Margin Call : 30%
Commission : $3/Lot
Trading Instrument : Forex & Commodities
Maximum Position : 100
Stop Out Level : 30%
Do your platforms accommodate Expert Advisors (EAs) or trading robots?
You can utilize Expert Advisors (EAs) or trading robots on both the MT4 and MT5 platforms for your trading activities.
