A demo account is the best possible way to test your online broker’s trading platform and quality of service without putting your money at risk . In the demo account you can carry out operations, in conditions very similar to a real account, but operating with a virtual balance that the broker makes available to you.
In addition to the above, you can also use the demo account to learn to invest or to test new trading strategies before moving on to using them in your real account.
The XTB broker is one of those that offers this demo account for free . XTB is one of the main Forex and CFD brokers worldwide and one of the most complete. It offers you the possibility of trading in more than 4500 different financial instruments such as Forex market currencies, stocks, indices, cryptocurrencies, raw materials, ETFs, …
It is a broker physically present in 14 countries around the world and internationally regulated by various organizations such as the FCA , the Financial Conduct Authority of the United Kingdom. It operates in compliance with the most demanding investor protection regulations such as the European MiFID directive. It is also regulated by other organizations in the countries in which it operates, such as the CNMV here in Spain.
The main strengths of XTB are service to the client , its resources free training for traders (seminars, webinars, videos, market analysis, …) and its various investment platforms as its powerful Xstation and the popular Metatrader Four.
XTB Demo Account Features
XTB offers you a demo account with the following characteristics:
- The XTB demo account is completely free .
- You can open the demo in less than a minute without providing any bank details or sending any documentation.
- The demo account of the XTB broker comes loaded with a virtual balance of € 20,000 .
- The demo account is limited by default to 4 weeks of use so that you can test XTB services, but if you open a real account with this broker before it expires, it becomes unlimited and so you can continue testing strategies in parallel to your real account.
How can you open a demo account with XTB?
1- Open the demo account by CLICKING HERE.
You will see a screen like the following:
3- Enter your name and contact phone number . Select the trading platform (xStation by default which is XTB’s own platform or as an alternative to MetaTrader 4) and the type of account . Finally, create a password to access your XTB demo account and click on the “Next” button .
The XTB demo account is already correctly opened and you will be able to access the trading platform where automatically you already have the balance of € 20,000 available to start doing test operations.
How is the XTB trading platform managed?
If you have chosen the XTB xStation trading platform when creating your demo account you will be able to access it and you will see that it is quite intuitive but if you have doubts about how to use it you can take a look at this tutorial that we have prepared from InvertirEnBolsaWeb.net in which you We explain in a simple way, step by step and with screenshots , how to manage your xStation platform , the tools available to analyze the market and the basic concepts you must know to open, control, edit and close positions :
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