This article is about the new Weltrade 2.0 app. Using the current Weltrade app? See the guide for the current app.
A demo account lets you practise trading without risk. It uses virtual funds instead of real money but works with real market prices, so you can test strategies and learn how the app works before you start trading on a real account. You can open a demo account directly in the Weltrade 2.0 app in just a few taps.
Before you begin, make sure you:
Have a registered Weltrade profile
Are logged in to the Weltrade 2.0 app
How to open a demo account
1. On the Home screen, open Accounts in the middle of the screen and tap + Add new.
Or, click on the arrow in top right corner on the Home screen - + Open new account.
2. Choose the Demo tab.
3. Select an account type. To compare conditions, see Account types overview.
4. Choose the account currency: USD or EUR. The currency cannot be changed after the account is created.
5. Choose the leverage and the starting balance.
6. Tap Open account.
You will see your new account number. Your demo account is ready, already funded with virtual money.
Frequently asked questions (FAQs)
What is a demo account?
What is a demo account?
A demo account is a trading account with virtual funds. It lets you practise trading in real market conditions without risking real money.
Do I need to make a deposit to open a demo account?
Do I need to make a deposit to open a demo account?
No. Demo accounts don’t require a deposit and are free to use.
Do I need to verify my profile to open a demo account?
Do I need to verify my profile to open a demo account?
No, you don’t need to have a verified profile to create a demo account.
How much virtual balance does a demo account have?
How much virtual balance does a demo account have?
You choose the starting balance when you open the account. The available options are shown on the account setup screen.
Are demo prices the same as real prices?
Are demo prices the same as real prices?
Yes. Demo accounts use real market prices, so you can practise in realistic trading conditions.
Can I open more than one demo account?
Can I open more than one demo account?
Yes. You can open up to 10 demo accounts to test different strategies or settings.
Does a demo account expire?
Does a demo account expire?
MT5 demo accounts are archived after 60 days of inactivity.
Can I turn my demo account into a real account?
Can I turn my demo account into a real account?
No. To trade with real money, open a separate real account. See How to open a real account in Weltrade 2.0.