Fondex Demo Account

Fondex Demo Account Review

 

 

How to set up a Fondex Demo Account – Step by Step

 

To register for, and set up a demo account with Fondex, traders can follow these steps:

 

  1. Traders can navigate to the Fondex website and click on the ‘Open Demo Account’ banner in the top right corner.
  2. The trader will be redirected to an online application where the trader will have to provide their email address in addition to choosing a password. In addition, the trader has to select their country of residence and provide their mobile number.
  3. When the fields have been completed, the trader can click ‘Open Trading Account’ to proceed.
  4. The trader will be redirected to the cTrader Web Platform where they will have access to start using their Fondex Demo Account.

 

Trading can be a very intimidating task for beginners without prior knowledge, skill, or experience in trading and through the provision of demo accounts, brokers provide a comprehensive and risk free environment for beginner traders.

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what Fondex has to offer.

 

Fondex Demo Account Features

 

The Fondex demo account mimics a live account perfectly to allow traders to experience trading in a risk free environment. While using the demo account, traders have access to all the financial instruments provided along with live quotes.

Making use of the cTrader trading platform on the Web Trader does not require additional downloads and installations, traders can immediately start using the account and platform.

 

Pros and Cons

 

PROS CONS
1.      Demo account sign up fully digital 1.      None noted
2.      No additional downloads needed; trading can commence immediately from the demo account
3.      Mimics a live account perfectly
4.      User friendly and access to all financial instruments

 

FAQ

 

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

A demo account provides the trader with a practice account that can be used to practice trading in a risk free environment.

Demo accounts are often suited for beginners who need to build up experience with trading as well as advanced traders who would like to test their trading strategies and explore the offering of a broker before registering a live account.

 

Does Fondex offer a demo account?

Yes.

 

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

Yes.

 

Which live trading accounts does Fondex offer?

Fondex only provides traders with the option of a single live account.

 

What are the available deposit currencies for a live trading account?

  • USD
  • EUR
  • GBP, and
  • Bitcoin

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