AVATRADE DEMO ACCOUNT: TUTORIAL & REVIEW
One of the best ways to try out trading the financial markets is to open a free Demo account at AvaTrade. Below is a step-by-step guide on how to do that, with additional tips on how to get your virtual trading off to a good start. We’ll cover:To get more news about
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HOW TO OPEN AN AVATRADE DEMO ACCOUNT
1. Head Over to The AvaTrade Demo Account Page
Just click here to head directly to the AvaTrade Demo account registration page and sign up for risk-free, virtual trading. Once you click, you will be greeted with a following screen.
Registering through the dedicated Demo Account link involves entering in the minimal amount of information. It really is as simple as inputting some basic information such as phone numbers and email addresses into the registration page.
Alternatively, you can automatically populate the required fields by piggy-backing on your Facebook or Google profiles.
Although the Demo account involves risk-free trading, AvaTrade, like other regulated brokers, has a duty of care to anyone who registers. The contact details that build your profile are part of its requirement to comply with ‘Know Your Customer’ rules.
2. How to use the registration process to help your trading
If you want to start your journey into trading by finding out more about AvaTrade, then the homepage is found here. Or you may want to carry out more research by considering our in-depth Avatrade review.
The onboarding process, which involves providing more information, starts from the broker’s homepage. It can be a surprisingly useful way of introducing yourself to the markets.
The second page asks you to input some more information, including your main country of residence. This question is important as it determines which regulatory body you will be protected by. AvaTrade is regulated by six top-quality global regulators, and they need to match clients to respective T&Cs.
EU-domiciled users will be protected by the Cyprus Securities and Exchange Commission (CySEC). If you select ‘United Kingdom’, you will come under the umbrella of the Financial Conduct Authority (FCA).
These regulator-inspired questions are a good way for you to ask yourself useful questions that might make your trading more appropriate to your personal situation.
This is a valuable ‘sanity check’ on your trading aims and intentions. One useful by-product is that the questions asked will hopefully go on to influence your trading decisions and make your trading successful for you.
AvaTrade offers a wide range of resources designed to help you locate profitable trading strategies.
Beginners can take advantage of the high-quality analytical software and a range of free live webinars.
As you progress, you might want to consider the SharpTrader tool, which contains a range of instruments, including trade signals. This is a valuable resource designed to help research and learning – all good for helping you generate a profit.As well as the trading and research sections, there are other areas of the site relating to account and profile administration.
Handy video tutorials on ‘How to Fund Your Account’ take a lot of the legwork out of getting to grips with that side of trading, leaving you able to concentrate on more market-focused activities.Broker accounts, such as the one provided by AvaTrade, are in many ways similar to online banking accounts, only you have your account log-in details and your cash deposits sit in your account unless you choose to use some of them on a trading idea in an effort to make a return.
The minimum deposit at AvaTrade is £100, so traders moving on from the Demo account are able to follow the tried-and-tested advice of starting Live trading in a small size.
