How to Open a Demo FX Account on MT4 Software

How to Open a Demo Forex Account on MetaTrader 4 Platform

Forex demo accounts are accounts that provide beginner traders with a method of testing different forex trading platforms provided by forex brokers before forex traders can open a real forex trading account. Forex demo accounts are used by traders to test forex broker’s execution techniques as well as forex broker’s trading conditions before these traders can open a real forex trading account with the broker.

Forex practice accounts also provide forex traders with a forex trading tool that's aimed to help them as beginner traders to learn the skills required to trade the forex market by using this free forex practice trading account that helps forex traders to practice real time forex trading using realtime forex price quotes & live forex prices on this practice forex practice account.

How to open a New MT4 Demo Account

beginners can learn how to open forex practice accounts in MetaTrader 4 by following the step by step tutorial explained below.

After downloading MetaTrader 4 Forex Trading Platform You can sign up for you MetaTrader 4 demo forex account sign in credentials and open a new forex demo account. To sign up for a new MetaTrader 4 forex demo Account:

• Navigate to the File Menu at the Tops Left Corner of MT5 Forex Platform & Choose Open an Account.
• Forex Accounts can also be opened from the MT4 Navigator Window, by Right Clicking on Accounts and Select Open an Account.
• On the New Forex Account Window that appears with a list of trading servers for the MT4 platform choose the appropriate server for the forex trading account you want to open - for MT4 forex demo account choose the Demo Server Option
• The next step is to configure MT4 forex demo account parameters - by clicking the practice account option & then clicking the button key labeled next, then fill in your forex practice account registration details on the forex practice account signup forms, you can select the deposit amount & the forex leverage you want to use for your practice forex trading account.
• Then Save your MT4 practice forex account sign in credentials credentials
• The forex MT4 demo account log in details for new signed up MetaTrader 4 forex demo account should be saved by the trader before continuing.
• After saving the log in details for MT4 forex practice account click finish.
• Sign in to your MT4 practice forex trading account using your new practice forex trading account sign in credentials

Once you are logged in you can then open forex charts and open forex trades from the MT4 forex demo account.

You can use MT4 Navigator window to navigate your forex trading accounts in MT4 platform

You can use MT4 Trade Tab to monitor your forex demo account balance & also monitor your open forex trades.

How to Open Forex Demo Account on MetaTrader 4 - How to Open Demo Account in MT4