Capital.com demo account: How to use it – Trading tutorial
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We know how difficult it used to be before the rise of online platforms. People had to gather physically at the exchanges and call for orders. But, all such scenarios have seen an end with online trading. We can enter the world of trading with a few clicks at our computer or any other device.
That is why you should use a demo account before investing any money into a brokerage platform. Capital.com is one of the most popular brokers at the moment. There is also, the option of using a free demo account. In this guide, we will show you, how to use it correctly!
What is the demo account?
A demo account is nothing but a mockup account of the real trading account. It is the account that trading brokers offer with virtual or fake money. So, we can presume that the main purpose of a demo account is to mimic the real account.
The funding with virtual money is useful for the users as it enables them to experiment with different strategies. The demo account allows practicing with money that is not real. Therefore, it gives an overview of the entire trading process to a new trader.
A demo account is an essential selling point for all brokers. No broker can expect a better customer base without offering a demo account first. Once the customers start switching to the live accounts, we know that the brokers can charge fees.
Though it depends on the account type, a customer would always want to test the features of the brokers before starting to pay. So, as a result, most of the brokers provide their entire features in a demo account.
It gives the customers the hands-on experience of the features to understand the potential in a real account. The availability of a demo account is irrespective of the asset types; that is why it can be offered with stocks, commodities, options, and even Forex.
(Risk warning: 78.1% of retail CFD accounts lose money)
How to open the demo account on Capital.com?
As we already know, to begin the trading journey with Capital.com, we must start with opening the demo account. Since it is the first step of the trading journey, especially for beginners, it has to be simple and the least complicated of all.
Therefore, Capital.com offers its customers an effortless process to join as a reliable broker. The users can register and sign up for a demo account without the hassle by following these simple steps:
- The first step for the trader is to navigate through the webpage of Capital.com and locate the ‘start trading now’ button.
- After clicking on the ‘start trading now’ button, the webpage shall direct the trader to an online form. The form will require the user to fill in the email ID and select a password as a future credential.
However, the traders may also get an alternative way of entering through their Facebook or Google credentials. So, they can sign up using a new ID or an alternative ID.
- The next step is regarding the privacy policy. Since Capiatl.com is a regulated broker, it follows a strict privacy policy. So, a trader should carefully read all the policy clauses and understand them.
Then they can move forward by clicking the continue button. It will signify that the trader accepts all the conditions by registering for the account.
- Clicking on the continue button will take the trader immediately to the web trading platform. They can engage with the interface after reaching the platform.
- Finally, the trader needs to switch to the demo account mode. To select the relevant option, the trader needs to drop down in the corner of the webpage. They can see two options there, ‘Live’ and ‘Demo Trading’ respectively.
(Risk warning: 78.1% of retail CFD accounts lose money)
By choosing the demo trading option, the trader ends the sign-up process. Now she/he can proceed to the demo trading with Capital.com. Capital.com offers its demo account as a practicing turf for the traders. It gives them the freedom to explore what Capital.com can offer them as their broker. Moreover, they can trade without any risks in a real trading account as an added benefit.
It is not meant for beginners alone, as experienced traders can always improve their strategies and see the demo of all features that Capital.com offers.
Capital.com Rating | 5.0 |
Demo Account | Yes |
Regulators | ASIC, FCA, CYSEC, SCB |
Trading Desk | MetaTrader, No dealing desk |
Demo Trading Cost | $0 |
Total Currency Pairs | 138 |
$20 | |
Demo Account Activation Time | 24 Hours |
How to use the demo account?
Using the demo account at Capital.com can mirror your trading circumstances. So, it will eventually help get higher chances of winning trades. If you make the demo account experience as real as possible, it can uplift your trading game.
Any trading is incomplete without a strategy, so there has to be one that you prefer to use. After testing it in the demo account, you can take the winning strategy and use it to make real money.
You must think of the demo money as real money itself. So, it would be best if you did not try a tactic that is not feasible with real money. Staying disciplined is essential with a demo account to gain the maximum out of it. Therefore, the trader must avoid a casual approach.
To use the Capital.com demo account most realistically, it should reflect the same amount. You must think of it as a real account; hence the monetary value must be exactly what you can afford in real life.
So, if you have $10,000 saved already, you can start with the same amount in virtual money. It is to avoid losing the purpose because if you have a lesser amount in real life and start with a hefty amount in a demo, it would not result in proper preparation.
It is also significant to mention that you must choose the same software for both the demo account and live. So, to reap the maximum out of the Capital.com demo account, you must choose the live trading account from Capital.com only.
The main reason for it is that you get comfortable with the broker. So, you should not test live trading with an unknown platform laterwards.
(Risk warning: 78.1% of retail CFD accounts lose money)
Features:
Capital.com offers the customers a demo account that mimics a live trading account. Traders can access the functions and features they would get on a live trading account. The demo account is risk-free and charge-free, making for the exception. The traders can utilize virtual money to conduct their trading and see which strategy works.
Moreover, Capital.com offers its proprietary Web and mobile-based trading platforms for the demo accounts. However, traders can also use them for live trading accounts.
With Capital.com, a trader can open a demo account in multiple base currencies. It offers the funds in EUR, GBP, or USD. Now, when it comes to the amount you can get as a demo virtual trading money, unlike many other brokers, it offers $10,000.
Is the demo account unlimited? – Expiry time
The next feature a trader must expect is the expiry of a demo account. Usually, not many brokers offer a long duration when it comes to validity. As we know that a demo account does not let the broker charge any fees, it is always kept to the minimum possible span.
It is how brokers push the customers to switch to a live trading account sooner. Usually, the time duration may range from 10 days to 21 days. However, Capital.com offers an attractive duration; the trader can use the demo accounts as long as she/he wishes because there is no time limit, unlike other brokers.
However, the trader must note that it does not offer a demo version for spread betting and real stocks accounts. So she/he can only practice trading CFD with it.
Conclusion: The demo account is the best way to start with Capital.com
Capital.com is undoubtedly offering premium trading services. It is regulated by agencies like FCA and CySEC, ensuring safe trading. Moreover, it also offers various instruments for trading that range from stocks to currencies.
Although to experience real trading, a trader must open a live account. But it offers a demo account that is easy to access and trade with the same features. So, a new trader can always choose it for beginning the trading journey.
(Risk warning: 78.1% of retail CFD accounts lose money)
FAQ – The most asked questions about Capital.com demo account :
How is a demo account different from a live account?
As the name suggests, a demo account demonstrates the feature portfolio of the broker’s platform. It allows the use of only virtual funds which depend on the broker, as different brokers offer various amounts.
These virtual funds are meant to give the trader a practice of how the trading functions. At the same time, a live trading account requires the trader to put in the funds. Moreover, unlike the live trading account, the trader cannot withdraw the funds in the demo.
Do you have to pay anything to use the demo account?
The demo account at Capital.com is completely free of any additional cost. So, you can practice your trades without risking any real funds.
Is there any option to sign up for a Capital.com demo account?
Yes, there is a Capital.com demo account for the clients of capital.com. The demo account is best for those who want to try out their hands-on trading. But they are new to the platform and want to learn a trade. Also, the customers don’t have any risk of money. Customers can practice forex trading on the platform in a 100% risk-free environment.
How do I delete my Capital.com demo account?
You can close your account if you want to take a break from trading. For that, a trader can use the following process. First, go to the account. Then, go to the settings options. From there, go to the close account option.
Traders can opt for another option. Go to the web version. Then, go to the settings options; you can see it at the bottom left corner of the screen. After that, fill in all the personal details. Once you get done with that, select the close account option. Now your capital.com demo account is closed.
How is a Capital.com demo account different from a live account?
The demo account is best to use as a beginner. It consists of virtual funds so people can use it without getting stressed. Clients can practice trading and also new trading strategies.
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Last Updated on January 3, 2024 by Andre Witzel
