JustMarkets Demo

Useful information about the free practice account
9.2

Total Score

10

Minimum Deposit

9.6

Platforms

9.2

Tradable Assets

9.6

Payment Methods

10

Withdrawal Processing Time

10

Spreads

9.5

Customer Support

9.4

Education

Practice or demo accounts are integral to learning the complex world of Forex trading. Demo accounts simulate real-life trading conditions while you trade without using real money.

Good news for JustMarkets users: There is a demo account for you to learn and brush up your trading skills using virtual money before you trade using a live account.

Already interested to open a demo account? Signing-up with JustMarkets is quick and easy!

In this short article, we'll discuss all the features of this practice account and important things that you need to know before you use one.


Why Using the JustMarkets Demo Account Is Important

Practicing on the JustMarkets demo account will help you:

JustMarkets demo account
JustMarkets demo account

How to Open a JustMarkets Demo Account?

To open a JustMarkets demo account, simply follow these very basic and simple steps:

  1. Create your account by clicking the "Sign Up" button.
  2. Log in to your Back Office.
  3. On the drop-down menu of "Account Operations", scroll to "My Accounts" tab.
  4. Click "Open New Account" on the "Demo" page in the "Trading Account" part.
  5. Choose your desired account type in the "Open New Account" section, and then select "Try Demo".
  6. Choose the currency of the virtual money on your Demo Account.
  7. Set your password and your Demo Account desired balance.
  8. Finally, click the "Create Account" button.
JustMarkets registration page
JustMarkets registration page

How Does Practicing on a Demo Account Differ from Trading on a Live Account?

Both the demo account and live account on JustMarkets follow the same principle. In both the demo account and real-time market monitoring, you receive the same quotations for the financial instruments.

Demo accounts use "virtual" money that you cannot withdraw but also does not processes risk of losing it, so it produces a different psychological effect. Trading on a demo account allows you to test your strategies without exposing any money — therefore traders using a demo account will have more courage to try out riskier trades.

When it's time to use the live account, traders tend to be more cautious. However, by practicing on the demo account, the trader still picks up a lot of knowledge that will help sharpen trading strategies moving forward.


How Much Is the Virtual Money on the JustMarkets Demo Account?

You can set any amount on by filling up the "Set Balance" box when you open your demo account. Among the other data you can set are: Currency, Leverage and your Trading Password.


Is the JustMarkets Demo Account Available on MetaTrader 5?

Yes, the JustMarkets demo account is available on both MetaTrader 4 and MetaTrader 5. The demo account types for JustMarkets MT4 are Standard, Pro, Raw Spread and Standard Cent. As for the MT5, the available virtual account types are Standard, Pro and Raw Spread.


Other JustMarkets Demo Account Information

Ready to sign-up for a demo account? Now that you have all the info you need, it's time to register!