Regardless of how experienced a trader is, the practice account is always handy and useful. You can use it before you start using real money on the platform. Trading is definitely risky and it is completely normal not to start trading with real funds immediately. First, you will definitely want to try the platform out, see how you like it and decide on your approach and strategies. So you do not need to deposit funds straight away.
You can find lots of useful information about trading in our blog and in the video tutorials, they are really helpful and are aimed to improve your knowledge. But nothing can replace actual practice and experience. It is important to learn to plan your actions and implement your trading plan, learn to lose and get used to the idea that trading is not always profitable. It is hard work and you need to treat it accordingly. Practice account can help you acquire valuable real-life experience.
Practice account is given to each trader on the platform. Moreover, the practice account can be refilled as many times as you want. We believe that this approach helps traders feel more comfortable and secure, as any strategy can be practiced on the demo balance first.
You can use the practice account for as long as you like for free. The initial amount you are provided with is $10 000 and you can fill it up if you run out.
How to reload the practice account?
Let’s do it together step by step.
1) Click on the balance that you are currently on and make sure it is the practice account:
2) Click the ‘Top Up’ button here:
Please make sure that you have less than $10 000, otherwise you will not be able to top the balance up. If, for some reason, you want to have more than $10 000 on the practice balance, you can contact the Support team.
Is the practice account different from the real one?
There is no difference in the charts on the real and the practice account. So all the quotes are identical on both accounts. This allows you to plan your strategy on the practice balance and then implement it to the real one, without making any adjustments. On the practice account, just like on the real one, you can use Take Profit and Stop Loss orders (Auto Close tab) and all the same instruments are available.
Can I withdraw money from the practice account?
While the practice account is made for your convenience and you can refill it as many times as you want, it is not possible to withdraw the funds from it. The money on this balance is not real, which means that it can only be used on the platform. You cannot withdraw it to your bank card or e-wallet or transfer to another account.
Enjoy trading on the practice balance and use it to the fullest. As they say, practice makes perfect and this is exactly what the practice account can help you with.