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Does City Index provide forex demo trading accounts?
Yes. You can apply for a demo account via our online form. It's possible to open a demo account for both Web Trader and MT4. Features of a City Index demo account include:
- 12 weeks’ usage
- $20,000 virtual funds
- Same list of markets as the live account
- Retail leverage of 30:1
- Real-time live prices
Once your trial period of 12 weeks has expired or your virtual capital has been used up, you can reapply for a new demo account. Please note, all your previous account settings and history will be reset to default.
Can I renew my demo trading account?
What is the difference between a demo and a live trading account?
The primary difference is that no capital is at risk when you trade on a demo account. A City Index demo account features real-time quotes and charts, along with all the basic trading tools and much of the information you'll have access to as a City Index customer – including all order types.
Results achieved in a demo account are hypothetical and no representation is made that any account will (or is likely to) achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.