Some traders argue that it is better to start training immediately on small real accounts, since in this case a person immediately gets used to the risks. I do not share such views, so today we will talk about how to open a secure demo account using InstaForex as an example.
I chose this dealing center for several reasons.
First, everyone can open a demo account with InstaForex, i.e. for this it is not at all necessary to create a personal account with real data and indicate your phone number. To some traders, this moment seems to be fundamental.
Secondly, InstaForex trading conditions have their own specifics (high spreads), due to which generally available universal strategies may malfunction or show slightly worse results.
And the last reason rather banal - this company is firmly entrenched in the market, so it is of interest for long-term projects. Agree, there is no point in mastering trading skills in a dealing center that appeared only yesterday and may disappear tomorrow.
So to open demo account in InstaForex, you will first need to install a trading terminal. This can be done.
Let's assume that the MetaTrader 4 (or 5) platform is already installed on the hard disk of your PC, so you will need to launch it further. Immediately after this action, the following window will appear:
As we can see, the program offers to log in, i.e. enter registration data for a real or demo account. Since we don't have it yet, just close this window and go to the "File - Open Account" section of the menu.
This command will automatically start "scanning" the servers and provide a list of access points based on the results.
A demo account with InstaForex can be opened on two servers - Demo and Contest. They are no different, just the second point is used by the company to accompany tenders, so we choose any option and click on the button next.
In the opened form, put a checkmark in front of the item "New demo account" and go to the next stage.
Now you need to do the main work - fill in the registration data. As I already noted, in this form it is not at all necessary to indicate your real phone number, but you will have to set the correct e-mail address, otherwise it will not be possible to open an account.
You should also pay close attention to the field account type, in particular, here you can choose one of the following options:
- Standard - an ordinary dollar account on which currency pairs no commission is charged, but there is a spread;
- Eurica - an account where the spread is equal to zero, but a comparable commission is charged for each operation;
- StandardRUR and StandardEUR - a regular account in rubles and euros, respectively;
- EuricaRUR and EuricaEUR - an account without a spread (but with a commission) in RUR or EUR.
Thus, a demo account with InstaForex should be opened in the currency that the trader plans to make to a real deposit. At first glance, this nuance seems insignificant, but it can radically change the final result from financial transactions, especially if we compare the “depot” in rubles and dollars (there are no serious differences between EUR and USD, since the EURUSD rate is relatively stable).
By the way, the value of the demo account is set in the "Deposit" field. Here you can select either one of the standard options (via the drop-down list), or manually enter the required amount. The latter method is preferable because it helps to get used to future real risks (you must admit, it is foolish to test the system on a 5,000th account if you have only $ 800 at your disposal).
And the last parameter of a demo account in InstaForex is called “leverage”. Perhaps, among all the characteristics, this is the most ambiguous value, since its too low values force to work in small lots, and an overestimated value provokes a beginner to “zhakh”.
As a rule, the criteria are specified in each specific trading strategy, so I cannot give a universal advice on setting up "leverage". Much will also depend on the speculator himself, in particular, large values (more than 1:50) are strictly contraindicated for gamblers.
When all the fields have been filled in, put a daw in front of the item " I agree to receive news by mail»And press the button next. Immediately after this command, the terminal will send a request to the server and receive a response from it with registration data.
Sometimes it happens that the demo account number in InstaForex or the password for it is lost (for example, if you accidentally delete a duplicate letter received by email). Therefore, I recommend either taking a screenshot of this window, or copying the data into a separate text file.
If for some reason this did not happen (or the reboot of the trading platform led to "unlocking"), you can always connect to the account through the standard authorization form. For example, to solve this problem, we simply enter the previously obtained data into the fields of the same name and allow the terminal to store the information.
Thus, in terms of conditions, a demo account with InstaForex practically does not differ from a real account, so it can be safely used to practice skills and test theoretical knowledge.
Company InstaForex recommends to everyone - before working on a real account, you should practice on a demo account. In all its functional properties, such an account is almost in no way inferior to a real account, the only difference is that your profits and losses on it are virtual.
When trading on a demo account, a trader does not jeopardize his capital, but at the same time he can still:
- get work practice at Forex
- choose a convenient funds management system for yourself
- study the methods of market analysis
- work on real quotes, thereby improving your trading strategy without any risks
- gain valuable experience of "communication" with the InstaTrader platform
5 steps to open an account
1. You can open an account only through the trader's terminal, you can download it.
2. After downloading the terminal, you need to start the installation:
3. When you install the terminal on your computer, you need to start it, after that you can proceed to opening an account. Top menu - you need to select File -> "Open an account":
4. In this form, you must fill in all the fields. Choose the type of account you need to open. In addition, it is necessary to select the initial deposit ratio for the opened demo account. This amount is credited to the trader on the demo account automatically. You get virtual money with which you will study Forex trading... The amount of your deposit is calculated in US dollars.
5. When you fill in all the fields and select all the parameters, the "Next>" button will become active, click. As a result, we see a window where you will be given a number and passwords from your account. The best way do not forget this data - write it down in a notebook.
The number of opened demo accounts is not limited by anything, trader InstaForex always has the right to open as many demo accounts as he needs in order to practice the techniques of working with the terminal, improve his skills in the Forex market.
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A new additional service for a beginner forex trader who has decided to test his own knowledge and trading skills in the forex market without risking anything. Master the basic principles of working with the updated interface of the Demo Account Cabinet and the functionality of the MT4 trading platform.
Anyone who wants to master the skills of trading in the forex market can open a forex account or, for beginners, we recommend opening an InstaForex demo account, whose functionality is completely identical to a real trader's account, except that when trading on a demo account, you absolutely do not risk anything. Losses and profits of the demo account are virtual.
A demo account allows you to start the path of a forex trader without the risk of capital losses, and at the same time gaining professional skills in financial markets such as:
- gaining practical work experience, trading on the international market;
- development of the ability to analyze foreign exchange market and forecasting the price movement of foreign exchange instruments;
- creating your own trading systems, testing them in real mode financial market with the possibility of making changes to improve systems without exposing a real trader's account to the risk of losing a deposit;
- acquiring skills and creating your own rules or risk management system, compliance with Money Management during trading;
- and finally, you get a practical opportunity to learn how to work with trading terminal InstaTrader.
Open demo forex account very simple. The five steps to opening a forex account are described below:
1. Open InstaForex demo account You will be able to use the trading terminal. You can download the terminal by clicking on the specified link.
2. Then, having downloaded the distribution kit, you need to run the trading terminal installation program:
3. Having installed the trading terminal on your computer, launch it and then proceed to opening a trading demo account. In the upper left corner, terminal menu, select the "File" item and then the "Open account" item:
4. You will see a registration window, all fields of which must be filled in with the requested information. Below is an example of filling in the fields for opening a demo account. You select the desired type of account and the amount of the deposit in US dollars, which will be credited to the demo account as virtual. You will learn to trade on it.
5. After filling in all the required fields in the account registration window, selecting the desired parameters and checking the box next to the item "Receive news by email", click on the active button "Next>", then continue. At the end of registration, in a pop-up window, you will have all the data of your demo account (account number and required passwords). Remember or save this data.
You have the right to open an unlimited number of demo accounts. This is done so that you can practice new methods of working with the trading terminal and test new strategies for successful earnings together with InstaForex!
When conducting operations with a demo account, you do not risk your money, but at the same time you will be able to:
- get practical experience of trading on FOREX market;
- study the process of analyzing the foreign exchange market;
- test yourself on real quotes and in real time and improve your trading tactics without the risk of losing money;
- develop your own risk management system (Money Management);
- get practical skills for working with InstaTrader.
Stages of opening an account.
- Opening an account is possible only through the trader's terminal, which you can download.
- After downloading the distribution, run the terminal installer.
- After installing the terminal, launch it. Now you can go directly to the account opening procedure. In the top menu, select the File-> Open Account option.
- In the appeared registration form, fill in all the fields with the necessary information. Select the type of account you would like to open. Also select the value of the initial deposit for the demo account to be opened. This amount will be automatically credited to your demo account in the form of virtual money, with which you can learn to trade. The amount of the deposit is calculated in USD.
- After filling in all the fields, selecting the described parameters and ticking the "Receive news by e-mail" item, the "Next>" button will become active, click on it, then continue. As a result, in the window that opens, you will receive the number and passwords for your new account. Remember or save this data.
The number of open demo accounts is not limited, so you can always open a new demo account to practice new techniques for working with the terminal and demo account.
Most novice traders are faced with the problem of a lack of start-up capital. Brokerage companies are in no hurry to meet newcomers with this problem. The dealing center requires a trader to deposit a certain amount in order to open the possibility of trading on the exchange. Sometimes the minimum deposit can reach several hundred or even thousands of dollars.
Novice traders in most cases are not ready to risk their capital. This is not surprising, since a beginner is just starting his or her path in Forex trading. Losing everything at the start is the main fear.
Opening a demo account does not solve this problem, because trading on a demo account is fundamentally different from making transactions with real funds.
Cent account - as an alternative to no deposit
Nevertheless, some companies provide the possibility of training on a real account with the involvement of a minimum amount Money... This innovation allows beginners to open a cent account for Forex trading and make trades with a small volume. All transactions made from a cent account are no different from others.
This type of account allows you to test new strategies and hone your trading skills without significant risks.
The service of opening a cent account is provided by a lot of companies. The selection process should be carefully considered. - a reliable broker proven over the years.
Why choose InstaForex to open a cent account?
The name of the company is known all over the world. Today there are more than 200 official representations. The broker has been active since 2007 and has agreements with Metaquotes Software, eSignal and Reuters. The client base consists of 7 million users.
There are a lot of trading tools available, namely:
- currency pairs (more than 100 pairs);
- precious metals;
- contracts;
- futures;
The minimum deposit to start on a cent account is $ 1. 24/7 technical support.
A lot of ways to withdraw funds. The broker is highly reliable, and all funds on the account will be completely safe.
How to open a correct cent account with InstaForex?
As mentioned earlier, a demo account cannot fully replace your experience of trading with real transactions. Therefore, you should actively use cent accounts.
Such an account, unlike a standard account (dollars and euros), is represented by US cents or euro cents. For many companies, the conditions for trading on standard accounts and cents are significantly different. Such conditions are practically the same at InstaForex. Let's analyze in detail and point by point the process of registering a cent account.
Once on the InstaForex website, there are two buttons at the top of the screen:
- registration of a demo account (training)
- and registration of a standard account (real).
You may notice that there is no separate button for registering a cent account. Cents are real funds that are held in a real account.
After clicking on the real account button, a public offer agreement will open. You should carefully read all the conditions that are spelled out in this agreement. If you have any questions about some points of the agreement, you can always contact the support service for advice.
For standard accounts, the same rules apply as for cents.
After filling in only 3 fields and accepting the terms of the contract, such a window with a successful registration should appear.
Carefully fill in all the fields, incorrectly entered information will lead to possible problems with the passage of verification.
Finally we got to the choice of the type of account.
Description of cent accounts in InstaForex
The broker provides a choice of two cent accounts for trading:
- Cent.Standard
- and Cent.Eurica.
Variety of trading instruments. The initial deposit is $ 1. Fixed spreads (starting from 3 pips) are paid after the trader has made a trade. From the standard Insta.Standard account, the cent differs only in the maximum deposit (no more than $ 1000).
Cent.Eurica... There is a zero spread (sometimes it reaches a point), but there is a commission of 0.03 - 0.07%.Variety of trading instruments. The minimum deposit is $ 1, and the maximum is $ 1000. The broker recommends using this type of account for novice traders.
In practice, the transaction costs incurred when opening a deal are roughly the same. The choice between these cent accounts will not affect the quality of the work at all.
Cent accounts are presented in two currencies:
- US cents
- and Euro cents (EUR Cent).
You can generate your account password and phone password. In the future, they can be changed in personal account... If necessary, you can select a service.
It is worth noting that a trader can create a large number of cent accounts. They can differ from each other: account type, leverage, currency, etc.
After filling in all the registration data, a letter with basic information about the account will be sent to the specified mailbox. Our instruction will help to create a trading account in InstaForex correctly.
Opening an account with InstaForex correctly