RoboForex demo account

RoboForex – is an experienced forex broker that offers its clients a wide range of trading platforms and financial assets. The company has been on the market since 2009, and over the years it has managed to gain the trust of professional and novice exchange players around the world. RoboForex, like most brokers, provides private traders with a demo account. This demo account is what we are going to talk about in today’s article.

Why do I need a demo account?

A demo account is a free type of trading account, where virtual money are used to make transactions. With a demo account, a trader can explore the possibilities of the trading terminal of a particular broker. Working with a demo account, a beginner gains experience in trading binary options and/or markets CFD and Forex. And without any financial risks for yourself. In addition to learning the features of the trading platform, a beginner trader learns on a demo account:

• determine the specifics of each financial instrument;
• the basics of technical analysis;
• to determine the rate for a particular method of trading;
• testing out-of-the-box strategies;
• developing your own trading tactics, etc.

More experienced speculators can use the demo account to test new ideas and trading techniques and to adjust their own systems. That is, a demo account opens new horizons for beginners and experienced traders alike. Thanks to it, exchange players enter the real market fully armed.

What are demo accounts?

Each broker offers its own conditions for using a demo account. In some companies it becomes available only after registration, in others – before the moment of its completion. In any case, the user is given virtual funds, which can be used to make transactions and thus explore the possibilities of the platform. However, there are cases when access to a demo account is granted only after the client makes an initial deposit. This is a kind of insurance for the broker, so he can be sure that the user will stay on his platform. But this is not very convenient, especially for beginners.

In addition, some brokerage companies offer unlimited use of a demo account, while others set a certain limit. In the first case, the user can trade with virtual money as long as he/she wants, until he/she has explored all the possibilities of the trading software and is ready to switch to a real account. And in the second case, the broker provides the client with a certain amount of virtual money, and when this amount is used up, the client has to decide whether he wants to cooperate with this company or not.

Is there a difference between a demo account and a real account?

The main difference between a demo account and a real account is that the trader trades using the virtual funds presented by the broker. And not with his own money, as it happens in the case of a real account. Usually brokers make a demo account similar to a real one, so that clients can practice trading with virtual money, but on real conditions.

However, there are exceptions when a broker cuts the functionality of the trading platform. For example, limiting users in the number of financial assets or setting a certain validity period for a demo account. But most often the same tools and functions are available on a demo account as on a real one.

Roboforex demo account

RoboForex demo account is a unique tool for both beginners and experienced traders. We recommend that you start trading financial assets with it. It takes just a few minutes to open a demo account and you can do it absolutely free of charge. Opening a demo account with our broker roboforex.com. You can study the trading terminal and the principles of working on it, as well as test trading tactics and evaluate the quality of service.

Benefits

Let’s highlight the main advantages of a demo account at RoboForex broker:

• it can be used completely free of charge;
• corresponds to the actual types of accounts;
• is suitable for all terminals offered by the broker;
• a wide range of tradable assets is available;
• you can test trading strategies.

In addition, RoboForex offers a free online course on investments for beginner traders. The course has already started, but any new user can join it.

Features

Using a RoboForex demo account, you can not only get acquainted with the platform’s functionality, but also learn how to enter into buy and sell transactions, use technical indicators and draw trend lines on a price chart. A wide range of trading instruments is available on a demo account, just like on a real one:

• stocks;
• indices;
• Forex tools;
• CFDs (on stocks/ETF, US, DE, UK, Swiss, etc.);
• metals;
• ETF;
• raw materials;

The broker offers 3 types of demo accounts – Demo Pro, Demo and Demo R Trader. These demo accounts differ in the number of available trading instruments, spread and maximum leverage.

In addition, the Cashback (Rebates) program is available on RoboForex demo accounts, where clients can earn extra income. When receiving virtual Rebates on demo accounts, you can assess all the advantages of this program and determine the amount of payments, which will be credited when trading on real accounts. A user may open any number of demo accounts, and they are absolutely free. However, each of them can be used for no more than 90 calendar days from the moment of registration.

Terminal

Using demo accounts, you can test trading on all platforms available at RoboForex:

• MetaTrader 4;
• MetaTrader 5;
• R Trader;
• WebTrader;
• MT4 MultiTerminal.

Using a demo account, you can learn the basic functionality of the trading software. On a demo account (let it be a WebTrader account) you will see the following blocks:

• Quotes panel, where the prices of financial assets and the spread on the symbols of the current account are presented;
• symbol chart, where current quotes are presented in the form of Bid/Ask lines, as well as historical quotes in the form of candles or lines;
• function of the graph settings – type, scale;
• quick trade buttons – making SELL/BUY deals in 1 click;
• order opening setting;
• lists of open positions;
• graphical analysis tools and indicators to identify trends and build strategies;
• navigation – quick access to services and functions (opening a real account, deposit, withdrawal);
• deposit and no deposit bonuses;
• news, analysis, events;
• additional features – personal settings, full-screen mode, feedback form.

How to open a demo account with Roboforex?

It’s easy to open a demo account with RoboForex. First of all, you need to go to the official website of the broker start.roboforex.org. Go to the section “Trading”, and in it to the subsection “Demo accounts”.

In the window that opens, click on “Open demo account” and you will get to the registration form. Here we enter in the fields:

• email address;
• name;
• surname;
• cell phone number.

Now go to the next step, in a new window specify the account “Demo” and choose the basic parameters – the trading terminal, account type, leverage and initial deposit. Click on the “Confirm” button.

That’s it, registration is complete! Now you can open/download trading terminals and study their functionality, trading with virtual money.

How to trade binary options with Roboforex?

Let’s look at how to trade binary options on the RoboForex platform using the WebTrader platform. The first thing to do is to open a quote chart and select a symbol on the left, let’s say EUR/USD.

Then select the type of graph:

Now we can see the EUR/USD price chart and can place an order using this symbol.

Then go to the deal parameters and select the volume of the order we want to place:

If we think that the price is going to grow, then we send a BUY order – we press BUY. And if the price is decreasing, then SELL – we place a sell order.

The opening price of the position is shown on the chart with a yellow line, the current quotes are marked with blue (Ask) and red (Bid) lines. An open buy position is profitable, if the red line is higher than the yellow one.

If the current profit on the position is positive, the close button will be green. If it is negative, it will be red.

Click on the “Close Position” button. After receiving a notification about the closing of the trade, information about it will appear in the “History” tab.

Conclusion

Demo accounts broker RoboForex (Open a demo account) will be an indispensable helper for both beginners and experienced traders. Using demo accounts, you can explore the features of RoboForex trading terminals and trading conditions.