CMC markets demo account: How to use it – Trading tutorial

It has been seen that most people are now opting for trading as this has opened up a way to make money. And when it comes to trading, people prefer to choose CFDs or Forex trading as some traders have made a huge amount of money through these trading options. 

However, you should remember that trading is not an easy task, and you can suffer from massive losses if you don’t have any experience. So, before diving into this, it is advisable to do research and learn more about whether you should go for it or not. 

Well, your success in trading activities will also depend on the online broker that you want to choose, as some online brokers offer a lot of useful facilities to help you in understanding the market, process, and rules. As a result, you can increase your winning chances. 

CMC Markets official website
CMC Markets official website

And one of such facilities is a Demo Account. All the leading brokers like CMC Markets offer a free demo account. If you have decided to move into forex trading, then first, you should open a CMC Markets demo account.

This way, you will be able to learn more about the trading types, enhance your trading skills, knowledge and build your confidence for trading successfully. Forex trading is difficult, and when you are new to this, you need to have some practice to develop the right strategies.

With a demo account provided by CMC Markets that doesn’t have an expiry period, you will be able to work with virtual money and learn more about the marketplace. Keep reading to explore more about this account, its features, and how to sign up for a CMC Markets demo account. 

CMC Markets mobile trading
CMC Markets mobile trading

What is the demo account? 

CMC Markets demo account provides the users with a lot of benefits to understand the basics of forex or CFDs trading. Before opening a live trading account, traders should learn more about different trading strategies.

CMC Markets allows the users to do that by offering them an easy-to-use platform where they can carry out different trading activities and trade within more than 11,000 commodities. Well, the broker doesn’t offer a scale-down or limited demo account. 

A demo account works just like a real trading account, and the main feature of such an account is that the money is not real. In general, the CMC Markets demo account is generally used by: 

  • Professional traders who want to test their new trading strategies or the market. 
  • Beginners who want to gain trading knowledge as well as experiences. 

The CMC Markets demo account is an easy learning platform for all types of traders as it is free to use. Without worrying about your monetary losses, you can confidently explore the market and trading strategies. 

The interactive tutorial that will appear while creating a demo account will teach the users about the features of the account. The best part of this demo account is that you can top up the funds unlimited times. 

Whether it is about currency pairs, indexes, stocks, or commodities, you can set a solid foundation by exploring the demo account on CMC Markets trading platforms. Once mastered, you can go on and open a live account.

With CMC Markets, you can choose between three different types of accounts for trading. These are spread betting accounts, corporate accounts, and CFD accounts. 

To open a demo account, you can simply click on the button on the website
To open a demo account, you can simply click on the button on the website

Some major advantages of using CMC markets demo account

You can trade on over 10,000 instruments
You can trade on over 10,000 instruments

Before you can start using a demo account provided by your broker, you should understand the key advantages of a demo account. This way, you will get sufficient experience when you make a decision to start using a live trading account. 

No-Risk

As you will do trading activities using virtual funds, you don’t have to worry about losing real money. So, making a wrong decision while using a demo account will not cost you money. 

You will understand the possible risks inherent in leverage

Well, most of the new traders get impressed by the movement of a forex market. Besides, the possibilities of massive price fluctuations also attract traders to begin trading. When you use a demo account, you will understand that leverage is risky. 

It can help you in making a lot of money faster, but it can also make you lose everything if the trade fails. It has been seen that most forex brokers provide the users with leverage of 500:1, and professional traders go for leverage that is higher than 5: 1

Self-Analysis

While trading through a demo account, you will be able to identify the possible risks and mistakes in the trading strategy, trading decision, and analysis. You can initiate a trade using a strategy, and if that doesn’t work for you, you can reset it and make a new trade. 

Zero stress

Real trading can lead to fear and greed. Besides, by real trading, you may not be able to explore the crucial information needed for efficient risk management. With CMC Markets demo trading or paper trading, you can eliminate all those factors. 

You can focus on different trading strategies and enhance your skills to increase your chance of making a profit. 

Unlimited practice

A new trader requires knowledge and experience in different elements of the trading processes. They need to know about the trading session as well as the final registration of a profit and loss. 

When you have access to a well-developed demo account, you can learn how to use the platform for trading in a comfortable mood. Remember that clicking on the wrong button can lead to a financial catastrophe.

Detailed statistics

Before you can initiate a trade, it is important to understand the process of acquiring and analyzing market statistics so that you can forecast the market condition. Well, instead of taking a risk by using a live account, you can use a demo account and apply the findings on the trade. 

This way, you can evaluate the applicability as well as the effectiveness of your trading strategy. Besides, you will also be able to optimize them.  

Confidence

Making multiple decisions that are rewarded with virtual profits will help you in developing a good confidence level. As a beginner, you will feel like you can do the same while using a real trading account. 


How to open the demo account on CMC markets platform?

Well, the process of opening a CMC Markets demo account is very simple and can be done with a few simple clicks. Here is a guide on how to open a demo account with CMC Markets. 

  • First of all, you need to visit the official website of CMC Markets. 
  • Now, you will see the Start with a Demo option. Click on that. 
  • Then, you need to choose your country so that the broker can suggest the best option for you. 
  • Now, enter your email ID and set a password to create a demo account. 
  • CMC Markets will send you a verification link to your email ID. Click on that to verify your account. 
  • Once verified, you can now log in to your demo account using your username and password.

That’s it. Now you can use the demo account and practice different trading strategies to enhance your trading skills. If you need more help, you can go through the tutorial videos available on the platform. 

CMC Markets demo account
CMC Markets demo account

Learn to trade with CMC markets demo trading account

Well, almost all of CMC Markets’ live trading accounts have a well-designed demo account. That means you will get access to a huge range of popular financial instruments and commodities for you to explore. 

If you are wondering what you can start trading through the CMC Markets demo account, then have a look at the below-mentioned points. 

  • Forex Trading

Forex trading is also known as currency trading. It is a method of buying and selling different currencies. Institutions, banks, or individuals speculate on multiple currency prices, and then they exchange them to earn profit.

Today’s forex market is making more than USD 5 trillion of daily turnover, and most of the new traders prefer to choose this form of trading. 

  • CFDs On Commodities

Speaking about commodities, they have a very low margin requirement. Besides, when it comes to diversifying your trading portfolio, you can always go for this. You can practice trading Gas or Oil on the available MT4 and MT5 demo accounts. 

  • CFDs On Indices

Through indices CFDs trading, you will get access to some major securities in Australia, Europe, Asia, and the US. That means you will be able to trade different stocks that will suit your unique investment goals and trading strategies. 

CMC Markets offers a next generation trading platform
CMC Markets offers a next generation trading platform

How to use the demo account to learn trading? 

The experts suggest that one should keep using demo trading or paper trading facilities offered by CMC Markets until they feel comfortable with the platform. Besides, you should keep using it until you learn how to trade without committing any mistakes. 

Once you get familiar with the platform, stay in the demo account until you have discovered the right trading strategy. 

Well, the demo account may not provide you the same results as a live trading account, but there are different ways to make the demo account a real account to explore the full potential of the account. 

Always try to make true or realistic assumptions

To make sure that you are benefiting from using a demo account, you should make true assumptions. For example, you place a trade. But that trade was within 1 cent low or high of the move. In a demo account, the order will be visible as fulfilled, but in the case of a live account, this will not happen. 

So, the possible profits, as well as losses from this type of trade, should be removed from your net profit or loss. You should assume as if the trade never existed. It is advisable to assume the trade is fulfilled if the price trades by around 1 percent more. For any thinly traded stocks, the buffer will be more. 

Always consider slippage 

In general, slippage means the difference between the trade’s execution price and expected price. This is very common in the case of high volatility market conditions. If you are using a demo account of CMC Markets, then always consider 1 percent slippage while dealing with high-volume stocks. 

Prefer to trade with realistic capital

Experts suggest trading the same amount of funds in a demo account that you will trade through the live account. Well, if such a facility is now available with your demo account, then go for a small fraction of the capital available in the demo account. 

Control your emotions

You should always monitor your emotions while trading and consider virtual money as real money. Try to develop a sense of profit and loss in your trade. 

With CMC Markets you can trade from anywhere
With CMC Markets you can trade from anywhere

Features of CMC markets demo account 

CMC Markets demo account is packed with all the required features that you need to learn about trading. In fact, everything that you can imagine doing on a demo account can be carried out through CMC Markets.

The platform is designed and developed with the intention of reliable and faster trade execution. However, some of the stunning features of this demo account are: 

  • Easy access to different assets and all types of financial instruments that only a live account can offer. These cover indexes, currency pairs, ETFs, CFDs, stocks, commodities, and more.
  • While using the demo account, you can choose between different virtual trading platforms, like mobile trading, web trading, MetaTrader, and more. 
  • You can place different types of orders in your demo account, for example, trailing stops, limit orders, stop loss, and more. 
  • The account doesn’t have an expiry time. 
  • The trading tools can be automated.  
  • It offers £10,000 of virtual funds to practice trading. 
  • You can join the group of more than 90,000 active clients through the demo account. 
  • It supports multiple execution methods and order types so that you can prepare yourself for live trading. 
  • An exceptionally huge number of educational materials.
  • A comprehensive onboarding video at the beginning that covers all the features of the CMC Markets demo account.
  • You can upgrade to a live account from the demo account through a simple click. 
  • It features a live chat facility. 

Conclusion

CMC Markets demo account offers you an opportunity to try out the real web-trading platforms for free in an environment with lowered risk. You will also have the ability to trade risk-free. You can avoid taking any risk and can move to the live market anytime you want. 

Well, while most of the functionalities of a live trading account are available in a demo account, there are some major differences that you should be aware of, such as: 

  • Trades carried out through the CMC Markets demo account will not be subject to interest, dividend, or slippage adjustment. 
  • In a live account, traders will not execute if you have low funds to buy them. However, while using a demo account, you will not face such problems. You can add funds for free and keep trading. 
  • The traders will not be charged for using tools or charts while using a demo account.
  • Your trader will not close even if you do not have enough funds to cover losses of margin. This can happen while using a live CMC Markets trading account.  

So, if you are new to forex or CFDs trading, then don’t take any risk and use the demo account offered by CMC Markets to get hands-on experience. Sign up now and explore the features. 

cmc markets logo
CMC Markets logo


FAQ – The most asked questions about CMC markets demo account :

How can a demo account help traders for live trading? 

CMC Markets claims that the demo account offered by the broker is a risk-free and cost-free simulation of a live trading account. While using it, the users will explore the features and tools, and they can utilize that to evaluate their strategies.
The users can also add more virtual money and keep practicing trading to enhance their skills. You can also reset trading and begin a new one using the demo account. Don’t forget to go through the trading tutorial videos available on the platform to know more.

Is it possible to switch to a live account from a demo account? 

Yes, you can easily transfer to a live account even if you are using a demo account. For that, all you need to do is click on the Live Account option located on the login page. After that, you will be redirected to a page with an online application form that you need to fill up. 
You can also use the login details that you have used for your demo account to get started with this. After that, carefully follow the on-screen instructions to complete the process of opening a live account. 

What is the expiry period of the demo account?

It may be noted that the CMC Markets demo account doesn’t have an expiry period. That means you can keep the demo account using for as long as you want and keep testing your trading strategies. 
You can still use it even if you have a live account. However, you will have to add more virtual money to keep trading, and it is completely free to use. 

What benefits will I get if I try the CMC markets demo account?

Users can profit greatly from using a CMC Markets trial account to learn the fundamentals of FX or CFD trading. The consumers of CMC Markets can do this because the company provides them with an intuitive platform on which they can engage in various trading activities and transact in more than 11,000 commodities.

Can I trade commodities using the CMC markets demo account?

Yes, you can trade CFDs on commodities on the CMC markets demo account. Commodities, in particular, have a relatively low margin requirement. On the readily available MT4 and MT5 demo accounts, you can practice trading Gas or Oil.

What percentage of slippage should I maintain while trading using the CMC markets demo account?

Slippage is typically defined as the discrepancy between the execution price and the expected price of the trade. When there is a lot of market volatility, this happens frequently. When dealing with high-volume equities on a CMC markets demo account, always take a 1% slippage into mind.

Can a US citizen benefit from the perks of the CMC markets demo account?

CMC markets are known for catering to a wide range of traders from a variety of demographics. However, the platform currently doesn’t allow US citizens. Hence, if you are from the USA, you cannot make a demo account on CMC markets.

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Last Updated on January 27, 2023 by Arkady Müller