If you’re new to forex trading, it can be easy to get caught up in the hype and excitement of the markets. This can lead to making mistakes and losing money. To avoid this, you should make use of a demo account, which allows you to practice trading with real money.
XM Group is an international online broker that provides an array of trading tools and support. It offers commission-free accounts, as well as a non-expiring demo account, which makes trading financial instruments a breeze.
The XM Group is licensed by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). Traders can deposit money using credit/debit cards, electronic payments, or by wire transfer. Moreover, XM accepts Western Union payments.
XM offers an advanced forex platform, as well as other financial instruments such as stock, commodities, and cryptocurrencies. Traders can also choose from a variety of contract sizes. In addition, XM offers a wide variety of support tools, such as a market news feed, educational videos, and trading platform tutorials.
XM is one of the leading forex brokers. Not only does it offer a wide selection of instruments, but it also allows traders to test their strategies on a demo account. And, as a bonus, XM offers a unique referral program, allowing clients to earn cash for each friend they refer.
XM’s customer support department is also helpful. Traders can contact a live support representative Monday to Friday. Moreover, XM’s withdrawal process is easy and free of e-wallet fees.
Besides, XM’s trading platform includes some of the most important features, such as hedging, stop loss and limit orders. However, it’s important to remember that some clients only have access to a limited number of CFDs.
IC Markets offers a demo account to help newbies become familiar with their trading platform. The demo account allows you to try out the broker’s most important features without risking your own money. You can trade the same instruments as you will on your live account, but the results you receive aren’t likely to match your actual performance.
IC Markets offers three different accounts, each with their own set of benefits and drawbacks. However, they’re all aimed at helping you gain more knowledge about the trading industry and your own trading strategy.
IC Markets’ Standard Account is ideal for traders who don’t want to commit to a specific asset or trading strategy. It offers a simple pricing structure, low spreads, and a range of assets for you to choose from.
IC Markets’ cTrader account is more targeted at professional traders who use MetaTrader. It’s designed to provide the tightest spreads during European and North American sessions.
IC Markets is also one of the few brokers that offer a swap-free account. This option allows you to trade currencies such as the Chinese yuan, Australian dollar, and more.
If you’re interested in learning more about IC Markets, check out their website. Here you can find out how to open an account, how to get a free demo, and what IC Markets has to offer its customers.
If you are new to the Forex market, the best thing you can do is to get a free FXCM demo account. This will give you a chance to learn how to trade in the risk-free environment.
FXCM offers several excellent platforms for you to practice. You can choose to use their MetaTrader 4 trading platform, which has advanced charting and analysis features. They also have a social trading platform, ZuluTrade, that allows you to copy others’ trading strategies.
In addition, there are other instruments you can use with your FXCM demo account. These include forex, indices, and CFDs.
However, it is important to know the risks involved with forex. You should also consider your financial situation. There is also a high level of risk involved with margin trading. Traders can buy currencies they believe will rise, and sell them when they think they will fall.
The forex market has a lot of trading volume. That means you should be careful in choosing a broker. Choose one that is regulated by a reputable regulatory agency. OANDA has been in business for nearly two decades, and is licensed by a number of reputable organizations around the world.
Another great benefit of using a FXCM demo account is the fact that it can be used twenty-four hours a day, five days a week. You can access a live price feed that simulates the real market, allowing you to learn about the trading platform before actually making a live trade.