If you’re looking for a AvaTrade demo account, then you might be wondering if it’s worth signing up for one. After all, there are plenty of other brokers out there that offer demo accounts, so what makes AvaTrade so special?
Well, for starters, AvaTrade is a regulated broker across many different international jurisdictions. At last count, we noted 8 different major regulators that AvaTrade is governed by to provide access to a huge range of markets, legally. In short, that means that should you progress at some point from an AvaTrade demo account, over to a live account, your money is as safe with them as it can be. They are also a very well-established broker, with over 10 years in the industry.
Another thing that makes AvaTrade worth considering is their range of instruments, the excellent trading app AvaTradeGo, and their customer service. They have a team of dedicated professionals who are always willing to help you with any queries you might have.
AvaTrade demo account platforms
AvaTrade offers several different trading platforms for its clients, each of which has its own strengths and weaknesses. The most popular platform among AvaTrade’s clients is the MetaTrader 4 (MT4) platform, which is a downloadable software application. MT4 is known for its user-friendly interface and advanced features, making it ideal for both beginner and experienced traders.
Other popular platforms offered by AvaTrade include the WebTrader platform, which is a web-based platform that can be accessed from any internet-connected computer, and the AvaOptions platform, which is a proprietary platform designed specifically for trading options.
AvaTrade also offers the AvaTradeGo mobile trading apps for both the iPhone and Android smartphones. These apps allow traders to access their account and place trades from anywhere in the world and have a really good track record amongst users.
In addition to its trading platforms, AvaTrade also offers a number of other useful tools and resources for its clients across all trading platforms. These include a market news section, an economic calendar, a sentiment tracker, and a variety of educational materials.
How to open a demo account with AvaTrade – desktop & mobile
To open a demo account, just go to the AvaTrade website from here and sign up with a couple of very simple steps. You’ll need to provide some basic personal information and choose a username and password. Once you’ve completed the registration process, you’ll be able to log in and start trading within less than a minute.
Getting access to the AvaTrade demo account on mobile is really just as easy.
Assuming you have already downloaded the AvaTradeGO app and installed it on your mobile device, here is a step-by-step guide on how to create and use your AvaTrade demo account: (if you haven’t completed that step yet, just click here to get started)
1. Open the app and tap on the “Create Account” button.
2. Enter your personal details (name, email, etc.) and create a login password.
3. Tick the box to confirm that you are 18 years of age or over, then tap on the “Create Account” button again.
4. You will now be taken to the trading platform where you can set up your account preferences (base currency, leverage, etc.). Once you are happy with your settings, tap on the “Create Demo Account” button.
5. You will now be able to use your AvaTrade demo account with a virtual balance of $100,000. Use this account to practice your trading strategies and get familiar with the platform before you start trading with real money.
To top up your virtual balance, simply tap on the “Deposit” button and choose the amount you want to add. You can also withdraw funds from your demo account by tapping on the “Withdraw” button but note, these are not real funds but virtual credits.
Opening a demo account is a great way to get started with AvaTrade. It’s a risk-free way to learn about the platform and practice your trading skills. If you want to know more about whether this is the right broker for you, feel free to read our detailed AvaTrade review for some more details.
So what would you use an AvaTrade demo account for?
If you have decided that you want to test an AvaTrade demo account, maybe you want to know what you should use it for. We can think of many reasons to use demo trading alongside live trading, but here are a few you might want to consider.
Practicing trading, testing strategies, new instruments, indicators, and getting a feel for the AvaTrade platform are all perfectly valid reasons for using a demo account. After all, you wouldn’t buy a new car off the lot without taking it for a test drive first, would you?
What does the AvaTrade demo account give you?
The demo account AvaTrade offers comes with $100,000 in virtual funds, so you can experiment with different approaches and see what works best for you. You’ll also have access to all the same features and tools that are available on the live platform. This includes things like advanced charting, market news, and analysis. One thing to keep in mind is that the demo account expires after 21 days, so you’ll need to be sure to use it before time runs out, but if you want to use the AvaTrade demo account on an unlimited basis, you can, by also opening a live account.