To begin the account opening process, visit the Dukascopy Bank website and select the "Open Demo Account" option. Once the application form is opened, choose MT4 and enter the requested information. Upon submission, you will receive your login credentials via email.
Yes, MT4 demo accounts are free. Dukascopy Bank provides demo accounts with virtual funds to allow you to practice trading and test your strategies before risking real money.
Demo accounts provide a safe and convenient environment for exploring the platform's features, including order placement, stop-loss/take-profit, and position management. Additionally, they offer the opportunity to experiment with charting tools, indicators, and drawing tools without risking real money. Moreover, demo accounts enable traders to test their strategies on historical data, which provides valuable insight into their performance. This makes demo accounts an excellent choice for those looking to learn, practice, and refine their skills before entering the live market.
No, MetaTrader 4 demo accounts don't use real money. They provide virtual funds for you to practice trading and test strategies without any financial risk. This allows you to experiment with the platform and hone your skills before risking real capital in the live market.
It is not possible to use MT4 (MetaTrader 4) effectively without a broker. MT4 is a trading platform that connects to the forex market through a broker. Brokers provide the necessary access to market data, order execution, and trading accounts required for trading activities. While it is possible to download and install MT4 and use its charting and analysis tools without a broker, it is not possible to execute trades or access real-time market data. To fully use MT4's trading capabilities, it is necessary to open an account with a compatible broker that supports the platform.
Yes, demo accounts at Dukascopy Bank expire after 14 days.
No, you can't withdraw money from a MetaTrader 4 (MT4) demo account. These accounts are for practice and use virtual funds, not real money.
The demo account balance cannot be reset through the platform itself. However, you may request a balance reset by contacting your dedicated account manager.
Funds cannot be added to a MetaTrader 4 (MT4) demo account. Demo accounts are for practice and use virtual funds. This allows users to explore the platform's features and test their trading strategies without risking real money. If users wish to trade with real funds, they should open a live account with Dukascopy Bank and deposit funds. However, if users need to increase the balance on their demo account, they can contact their personal account manager.
There is no need to delete your demo account opened at Dukascopy Bank. Demo accounts automatically expire after 14 days, eliminating the need for a manual deletion process.
To switch from demo to live account you will need to apply for opening a real account at Dukascopy by clicking this link. Submit your personal information on the application form, pass the video identification, and fund your account to start live trading.
You don't need to change your password. Your login password is in the email you received when you opened your demo account.