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Step-by-step instruction on how to open a demo account on Forex

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Demo account is opened through the metatrader 4 (MT4) trading terminal. Therefore, to open it, this program (MT4) must be installed on a computer, laptop, or netbook.

If it is not already installed, read the following instructions:

  1. How and where to download metatrader 4 (MT4) trading terminal .
  2. How to install the metatrader 4 (MT4) trading terminal .

Open a demo account. Step-by-step instruction with illustrations.

If the terminal is already installed, we perform the following actions to open a demo account :

In the terminal interface, find the navigator panel. If it does not exist, you can press the key combination - "Ctrl + N". Or select " View " in the top menu and select " Navigator " from the drop-down menu.

How does the navigator's panel look and how to open it look at the photo:

The "Navigator" toolbar. How to open a demo account.

This is how the "Navigator" toolbar looks. How to open a demo account.

The Navigator is one of the main tools for trading Forex. It will show which accounts the terminal operates on, which advisers, script and navigators can be used for trading.

To open a demo account, you do not need to register with the broker. You just need to know the address of the trading server for demo accounts. But usually by default all server addresses are already registered in MT4 trading terminals. Therefore, there is nothing to prescribe.

After finding or opening the " Navigator panel", do the following:

Right-click on the " Accounts ", and select " Open Account ". As shown in the photo below.

Or you can just press the " Insert " key on the keyboard. On some keyboards, this key can be specified abbreviated " Ins ".

Choose "Accounts" in the navigator.

A window will open with the name " Open Account ", where you will be prompted to select a trading server.  

If you downloaded the terminal metatrader 4 (mt4) from the InstaForex broker, then the corresponding servers will be already configured in its settings.  

To open a demo account , select the server and click the " Next " button as shown in the photo below.

Choose a trading server to open an account

In the next step, select the type of account that you want to open. Put a tick or check mark next to " New demo account " and click " Next ".

Choose the type of trading account.

In the next step, specify the required data. When you open a demo account, you do not need to specify real data. You can specify a real e-mail address, or you can write a fictitious one. He will receive letters on the status of the demo account (statistics). This information will be useful for analyzing the work of an automated trading robot (advisor).

Check " I agree to receive news by mail ". Leverage and deposit can be specified as in the illustration below. Click " Next ".

Specify data and parameters of the demo account.

At the last step of the demo account opening, the open account data will be indicated. Login and password should be recorded. The investor password does not need to be kept. Click " Done ".

Demo account registration data.

After clicking " Done ", terminal mt4 connect to the demo account. This will correspond to the following changes in the terminal interface. In the toolbar " Navigator ", an open demo account will be displayed, to which the terminal is connected. The balance of the demo account will appear. And in the connection status of the account, the transfer of data will be shown between the trading terminal and the demo account.

Signals of connection to the trading account

Demo account is open , the trading terminal is connected to it. Now you can start working with currency pairs. How to do this, read in this manual - "How to set up the automatic trading of an advisor to work with currency pairs?"

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