AvaTrade Demo Account

For newcomers to trading, a demo account is essential to safely learn the ropes without risking real money. We took a closer look at AvaTrade to see if they offer a reliable demo platform for beginners.

Luckily, AvaTrade does provide demo accounts. Dive in to learn about the features of these practice accounts and get an overview of the associated fees and services that AvaTrade offers.

AvaTrade Demo Account Review

The AvaTrade demo account offers traders $10,000 in virtual funds to practice on platforms like MetaTrader 4, MetaTrader 5, and AvaTradeGO. The virtual trading account is available for 21 days and supports multiple base currencies, including:

• USD (United States Dollar)

• EUR (Euro)

• GBP (British Pound Sterling)

• AUD (Australian Dollar)

• JPY (Japanese Yen)

• CHF (Swiss Franc)

• CAD (Canadian Dollar)

• ZAR (South African Rand)

While some currencies are region-specific, USD, EUR, GBP, and CHF are available to all traders regardless of location. With access to real-time market data and trading tools identical to those in a live account, AvaTrade's demo account is perfect for testing strategies and getting familiar with AvaTrade’s features without any financial risk.

How to Open an AvaTrade Demo Account

Opening an AvaTrade demo account is a quick and easy process that allows you to start practicing your trading skills in a risk-free environment. Follow these steps to get started:

1. Visit the AvaTrade Website: Go directly to the AvaTrade Demo Account page to start the process. This link will take you straight to the registration page, where you can easily sign up for your demo trading account.

2. Sign Up: Fill out the registration form with your name, email address, and phone number. Make sure the information matches your ID documents, as you may need to verify your account later.

3. Choose Your Platform: After registering, you’ll be asked to select the trading platform you wish to use for your demo account. Options typically include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and AvaTradeGO.

4. Customize Your Account: AvaTrade will automatically create your demo trading account with a virtual balance, usually set at $10,000. You can choose your base currency and adjust other settings like leverage, depending on your region and trading preferences.

5. Start Trading: Once your account is set up, you can download the chosen platform or use the web-based version to log in. You’ll now have access to the full range of trading tools and real-time market data, allowing you to practice trading strategies without risking any real money.

Opening a demo account with AvaTrade is an excellent way for beginners to get comfortable with the trading environment and for experienced traders to test new strategies before committing to real funds.

How to Set Up an AvaTrade Demo Account if You Already Have an Account

If you already have a real account with AvaTrade, setting up a demo account is quick and straightforward. Here’s how you can do it:

1. Log in to Your AvaTrade Client Portal: Start by logging into your existing AvaTrade account through the client portal using your credentials.

2. Access the Dashboard: Once logged in, navigate to your personal dashboard, where you manage all your trading activities. Look for the "My Account" section.

3. Create a New Demo Account: In the "My Account" section, you’ll find the option to open a new account. Select "Demo Account" from the available options.

4. Choose Your Preferences: You will be prompted to choose your preferred trading platform, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), and select the base currency for your demo account. AvaTrade will set up your demo account with a virtual balance, typically $10,000, which is valid for 21 days.

5. Start Trading: After setting up your demo account, you can download the trading platform or access it via the web. Your demo account is now ready, allowing you to practice trading strategies and explore the platform’s features without any financial risk.

Having a demo account alongside your live trading account gives you the flexibility to test new strategies in a risk-free environment before applying them to real market conditions. Plus, you can create multiple demo accounts, providing you with ample opportunities to refine your trading techniques.

Types of AvaTrade Demo Accounts

AvaTrade simplifies the trading experience by offering a single, versatile demo account that caters to all types of traders. When setting up your demo account, you have the flexibility to choose your preferred trading platform, such as MetaTrader 4, MetaTrader 5, or AvaTradeGO, along with the base currency for your account. This approach ensures that you can practice trading across a wide range of financial instruments with the same tools and features available in a live account, providing a seamless transition when you’re ready to trade with real funds.

FAQ

How long does the AvaTrade demo account last?

The AvaTrade demo account is valid for 21 days. This period gives you ample time to familiarize yourself with the platform and practice your trading strategies.

Is AvaTrade suitable for beginners?

Yes, AvaTrade is suitable for beginners. The platform is user-friendly, and the demo account is an excellent way for new traders to learn the basics without risking real money.

Is the AvaTrade demo account free?

Yes, the AvaTrade demo account is completely free to use. You can sign up and start practicing without any cost or obligation.

Can I convert my demo account to a live trading account?

No, you cannot directly convert a demo account to a live trading account. However, you can easily open a live account with AvaTrade and start trading with real funds after your demo period.

Which trading platforms can I use with the AvaTrade demo account?

You can use several trading platforms with the AvaTrade demo account, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, and AvaOptions.

What is the difference between a demo account and a live account?

A demo account uses virtual funds and provides a risk-free environment to practice trading, while a live account involves real money and real market conditions. The demo account allows you to test strategies, whereas the live account is used for actual trading.

What can I trade on the AvaTrade demo account?

On the AvaTrade demo account, you can trade a wide range of financial instruments, including Forex, commodities, stocks, indices, cryptocurrencies, and more, just as you would on a live account.

How do I delete the AvaTrade demo account?

AvaTrade demo accounts cannot be deleted manually. They will automatically expire after 21 days. If you wish to stop using it sooner, simply stop logging in.

How much do I need to start trading with AvaTrade?

AvaTrade minimum deposit is $100. This amount allows you to open positions and manage your trades effectively on the platform.

What is the minimum trade amount on AvaTrade?

The minimum trade amount on AvaTrade varies depending on the asset being traded, but it generally starts as low as 0.01 lots for Forex and CFDs, which is equivalent to 1,000 units of the base currency.

Does AvaTrade charge an inactivity fee?

Yes, AvaTrade charges an inactivity fee. If there is no trading activity in your account for three consecutive months, a fee of $50 will be charged, followed by a $100 fee after 12 months of inactivity.

What deposit currencies are available for live trading accounts?

AvaTrade offers several deposit currencies for live trading accounts, including USD (United States Dollar), EUR (Euro), GBP (British Pound Sterling), AUD (Australian Dollar), JPY (Japanese Yen), CHF (Swiss Franc), CAD (Canadian Dollar), and ZAR (South African Rand).

Is AvaTrade a good broker?

Yes, AvaTrade is considered a good broker, especially for beginners. It is regulated in multiple jurisdictions, offers a wide range of trading instruments and platforms, and provides excellent educational resources to help traders succeed.