Open a demo trading account
Buy and sell thousands of markets risk free with our paper trading simulator.
Ready to start trading for real?
What is paper trading?
Paper trading is another term for using a demo account or trading simulator. It comes from the days when traders would write down theoretical positions on pieces of paper, then see how they’d have performed on live markets.
Today, demo accounts automate this whole process, enabling you to practise trading on real-time prices without the hassle.
Demo account FAQ
What's the difference between a demo account and a live account?
The key difference between a demo account and a live account is that a demo comes with zero risk – it’s a trading simulator that enables you to buy and sell real markets with virtual funds. With a live account, on the other hand, you’re risking your own capital.
Many traders use a demo to see how the markets work – or test drive our platform – before they upgrade to a live account that earns real profits and losses.
How long should I use a demo account to trade?
We’d recommend using a demo account until you feel comfortable trading with real capital. Ideally, you’ll have a comprehensive plan and strategy in place too, so you know exactly what to do once you’ve added some funds.
City Index demo accounts expire in twelve weeks, but you can open another one if you wish to continue practising for longer.
Can I open multiple demos?
Yes, you can open as many City Index demo accounts as you like – although you’ll need a different email address for each one. You can also apply for another demo account once your current one has expired, if you want to trade risk free for a longer period.
Does my demo account include MetaTrader 4 (MT4) trading?
We offer separate demo accounts for MT4 trading, so you can try out our leading MT4 package too. Open your MT4 demo here.