How to set up an AvaTrade Demo Account

How to set up an AvaTrade Demo Account

Yes, AvaTrade does offer a demo account. Traders can navigate to the AvaTrade website and select the “Demo Account” option to open a demo account. Trading in a safe environment is great for beginner traders that are new to trading.To get more news about AvaTrade Demo Account, you can visit wikifx.com official website.
Step 1 – Open up the Avatrade Website.

navigate to the AvaTrade website and select the “Demo Account” option
Step 2 – Insert your credentials.

This will redirect the trader to a registration page where the trader can register using their Facebook or Google credentials, or they can register by providing their First and Last name, email address, and mobile number.
Step 3 – Click on one of the options to proceed.

Once this has been completed, the trader can select to proceed, and registration on the AvaTrade website will have been successful.
Step 4 – Verify and login into your account.

Traders will receive an email to the address that they provided with confirmation that their demo account registration has been successful. The email address will also contain the trader’s login details and relevant links to the AvaTrade website where they can start using their demo account.
Trading is a daunting and intimidating task for beginners without any prior knowledge pertaining to trading. Through the provision of demo accounts, brokers can adequately help these traders in preparing them for trading in a live trading environment.
Demo accounts offer the perfect safe and risk-free environment where beginners can practice their trading and hone their skills before they start trading in a live environment where they make use of actual capital.

A demo account is therefore often referred to as a practice account as it offers traders with the ability and the freedom of exploring the broker’s offering without running the risk of incurring losses as traders are provided with virtual funds.

Beginner traders can adequately utilize demo accounts to familiarize themselves with a live trading account in addition to building their knowledge, skills and experience.

Demo accounts are also used by traders to test their trading strategies in a risk-free environment and it allows them to modify, adapt, and improve their strategies before they take them into a live trading environment.